Vietnam, Cambodia considering using local currency for trade
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim said Vietnam and Cambodia have shown interest in using their local currency for trading purposes as a step to reduce dependence on the US dollar. “Malaysia is aggressively reducing its dependence on the US dollar, and so far we have received a good response. “In fact, we […]
Ringgit extends rally for sixth straight session
KUALA LUMPUR: The ringgit rose for the sixth straight day as bullish oil prices and the latest development of Covid-19 vaccine rollout added to optimism over the currency’s prospects. At 9.05 am, the local currency increased to 4.0300/0340 against the US dollar from Monday’s close of 4.0320/0370. Axi chief global market strategist Stephen Innes said […]
An uphill battle for the Ringgit
By Aishah Mohmad Afandi KUALA LUMPUR: The year 2020 has been gloomy so far, with dark clouds expected to continue casting shadows as the Covid-19 pandemic carved its devastating path through economies worldwide, leading many to come face-to-face with recession. Global unemployment rate had increased in April and May, especially in the United States (US) which saw more than 40 million […]
