tags - Sinar Daily

The local financial market remains on a solid footing because large parts of the country’s investors are confined within the official institutions, pension funds, insurance companies and asset management companies.

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Universiti Sains Islam Malaysia Economics and Business Faculty Islamic Banking and Finance lecturer Dr Mohd Faisol Ibrahim said raising the OPR was not an arbitrary decision, but it involved several economic indicators such as the inflation rate.

In this file photo taken on December 03, 2022 People pose for photos at the Corniche promenade as Doha's skyline is seen in the background during the Qatar 2022 World Cup football tournament. - Months after hundreds of thousands of football fans packed into its hotels and stadiums, Qatar is seeking to remedy a bout of the post-World Cup blues by hosting more international events. Along with the departed football crowds, thousands of foreign workers left the Gulf state after Lionel Messi lifted the coveted trophy on December 18. Many of those who stayed on are counting the cost. - Pic: AFP

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Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

The Domestic Trade and Cost of Living Ministry has guaranteed that there would be sufficient supply of chicken and eggs in the market throughout Ramadan and ahead of the Hari Raya Aidilfitri festive season.

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.

Photo for illustrative purposes only. Photo: 123RF