No more trading in parking lots
SIBU: Traders have been warned against conducting business in parking lots and on the five-foot way. Sibu Municipal Council (SMC) deputy chairman Mohammed Abdullah Izkandar Roseley said that such activities were not only illegal but also caused difficulties for others. “Trading in vehicle parking lots and beyond the five-foot way is illegal. This will cause […]
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 higher against US dollar in early session
KUALA LUMPUR: The ringgit maintained its positive momentum against the US dollar in the early trading session on Thursday, as growing concerns over the global economic outlook shifted more investors towards emerging currencies, including the ringgit, dealers said. At 9.20 am, the local note rose to 4.4370/4405 versus the greenback compared with yesterday’s closing rate […]
11 economic activities allowed to resume under Phase 1
KUALA LUMPUR: The government will allow 11 types of business activities in the trade and distribution sectors to resume operations under Phase One of the National Recovery Plan (NRP) effective tomorrow, Prime Minister Tan Sri Muhyiddin Yassin said. The business categories are namely car wash services; electrical and electronics stores; household items and kitchenware stores; […]
Quiet year for tin while gold shines
KUALA LUMPUR: The two metals traded in Malaysia, tin and gold, seem to have taken opposite directions this year — the former remained pretty quiet but attracted Chinese traders the most, while the latter thrived as it is often seen as a safe haven in times of crisis. Tin to recover The world consumption for […]
Cross-border trading to increase productivity
KUCHING: The digital economy transcends borders and it will be worthwhile to promote cross-border trading by utilising digital technology, says Chief Minister Datuk Patinggi Abang Johari Tun Openg. “Cross-border trading is one of the approaches for us to increase our productivity,” he said in response to a question during the Chief Minister’s Webinar entitled ‘Sarawak […]
Bursa Malaysia’s trading on halted
KUALA LUMPUR: Trading on Bursa Malaysia Securities was halted at 3:30 pm today due to a technical issue. “We are currently diagnosing the problem and will communicate with all our participants while we determine the cause and impact,” the exchange said in a statement today. It said it would notify all relevant parties as soon […]
