tags - Sinar Daily

Property recovery is slow as expected due to higher interest rates and higher housing prices as building materials like steel and cement spiked exacerbated by the lack of foreign labour.

The Natural Resources, Environment and Climate Change (NRECC) Minister Nik Nazmi Nik Ahmad - FILEPIC

The High Court fixed four days starting Nov 6 to hear Datuk Seri Ahmad Zahid Hamidi’s suit against Tun Dr Mahathir Mohamad over allegations that Ahmad Zahid used his position to influence the latter to interfere in Ahmad Zahid’s ongoing criminal cases in court.

The ringgit was traded slightly lower against the US dollar in the early session today as some investors took advantage of the weaker greenback, dealers said.

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 Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah inspecting the parade at the 216th Police Day Commemoration Ceremony of 2023 at the Kuala Lumpur Police Training Center today. Also present was the Chief of Police Tan Sri Acryl Sani Abdullah Sani. - BERNAMA

Image for illustrative purposes only. - Facebook

Silicon Valley Bank - Facebook

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.

Bursa Malaysia rebounded to open higher on Wednesday, taking its positive cue from Wall Street's performance overnight as traders are betting that the aftermath of the recent bank failures in the US may have been averted, said an analyst.