tags - Sinar Daily

(Photo by Alec Tabak / AP)

Azalina

PUTRAJAYA, 20 July - Health Minister Dr Zaliha Mustafa and her ministry staff with vehicles decorated with Jalur Gemilang at the launch ceremony of the National Month and Jalur Gemilang Waving at the Health Ministry (MoH) level 2023 at their compound in Putrajaya today. — BERNAMA photo (2023) COPYRIGHT RESERVED

Photo for illustrative purposes only.

The ringgit will likely trade in a cautious mode next week with investors eyeing updates on the global economic performance.

Hong Leong Investment Bank Research said in its recent report that it expects the ringgit to have an overall depreciation trend in the second half with an average of USD-MYR 4.67 to reach a 2023 average of 4.56 and year-end target of 4.40.Hong Leong Investment Bank Research said in its recent report that it expects the ringgit to have an overall depreciation trend in the second half with an average of USD-MYR 4.67 to reach a 2023 average of 4.56 and year-end target of 4.40. Photo for illustrative purposes only - 123RF

The most active gold contract for August delivery fell US$4.30, or 0.22 per cent, to close at US$1,917.90 per ounce. Photo for illustrative purposes only - 123RF

The move comes after Colombo cut subsidies, doubled taxes and promised to privatise hundreds of state enterprises under a $2.9 billion IMF bailout agreed in March.

The Federal Court here today affirmed the Court of Appeal’s decision that declared the amended pension law as null and void.

Photo for illustrative purposes only. FILE PIX