• Corporate & Finance  |  MAY 25, 2015 11:01 AM

    MBSB plans to raise loan-loss coverage ratio to 100%

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    Malaysia Building Society Bhd, a lender controlled by the country’s biggest pension fund, plans to adopt stricter coverage standards for loan impairments as it prepares to become an Islamic bank. The company known as MBSB wants to raise its loan-loss …

  • Finance & Markets  |  MAY 25, 2015 10:34 AM

    Ringgit halts rally after US indicates rate hike this year

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    The ringgit halted a two-day gain after Federal Reserve Chair Janet Yellen said the US is on course to raise interest rates this year, in contrast to Malaysia where borrowing costs will likely stay on hold. The ringgit dropped 0.5% …

  • Finance & Markets  |  MAY 25, 2015 9:59 AM

    Ringgit opens lower against US dollar

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    The ringgit eased against the US dollar in early trade today on softer demand for the local unit, said a dealer. At 9.07 am, the local unit was lower at 3.6035/6065 against the greenback from 3.5835/5865 at 5 pm on Friday. The dealer …

  • Finance & Markets  |  MAY 25, 2015 7:47 AM

    US dollar rallies on US price data, Fed’s Yellen rate talk

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    The US dollar turned higher on Friday, spurred off early losses after a US inflation report that indicated underlying pressures are building bolstered the case for the US Federal Reserve to raise interest rates later this year. Remarks by Fed …

  • Finance  |  MAY 23, 2015 1:18 PM

    Ringgit to strengthen against USD

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    The ringgit is expected to strengthen further next week against the US dollar in the range of between 3.56 and 3.62, riding on weaknesses of the greenback in the global market, an analyst said. “We expect the ringgit to trend higher next …