tags - Sinar Daily

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

Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad - FILE PIX

Leaders of Asean member countries pose for a family photo with 'baju batik' at the 42nd Asean Summit 2023 held in Labuan Bajo, Indonesia. - BERNAMA

Bank Negara Malaysia’s announcement that the economy is no longer in crisis and continues to gain strength is a big lift to sentiment three years since the outbreak of the pandemic.

Image for illustrative purposes only. - FILE PIX

BNM has raised the OPR by 25 basis points to 3.00 percent.

The ringgit is likely to trade on a bullish bias next week, below the RM4.40 level within the 4.3925-4.4175 range against the US dollar, said an analyst.

Yesterday, Pharmaniaga reported a net loss of RM607.32 million for the financial year ended Dec 31, 2022 (FY2022) against a net profit of RM172.15 million in the previous year.