tags - Sinar Daily

At 9.20am, the local note rose to 4.4370/4405 versus the greenback compared with yesterday’s closing rate of 4.4530/4580.

The Finance Ministry (MoF) said in a statement today that the initiative will provide facilities for EPF members to use their savings balance in Account 2 as a backup to obtain financing from banking institutions.

The collapse of Silicon Valley Bank, therefore, needs to be seen as a consequence of the industrial difficulties faced by the tech industry in the last few years.

The ringgit maintained its positive momentum against the US dollar in early trade today, as continued global uncertainties prompted more investors to shift towards emerging currencies, including the ringgit, a dealer said.

The proposal to allow contributors of the EPF to take bank loans by using their contribution as collateral will be among the matters to be discussed in the Dewan Rakyat today. - BERNAMA

The ringgit has extended its uptrend against the US dollar this morning in anticipation of softer interest rate hikes in the US, after the latest US inflation data showed a declining trend.

Economy Minister Rafizi Ramli - FILEPIC

Gerakan president Datuk Dr Dominic Lau Hoe Chai.

Joe Biden

The ringgit opened marginally higher against the US dollar today, recovering from its sharp fall yesterday after the US dollar surged due to the likelihood of the United States (US) Federal Reserve (Fed) raising the interest rate.