ringgit

KUALA LUMPUR (June 8): The ringgit may advance 4% as the latest measures by Bank Negara Malaysia reduce the risks of holding the currency and the economy improves, a member of the central bank’s financial markets committee said.

(Feb 7): Malaysia’s crackdown on currency speculators has come at a cost. While it successfully reduced ringgit volatility, it is threatening to discourage overseas investors.

SINGAPORE (Jan 11): CIMB Securities remains “neutral” on the agribusiness sector while highlighting First Resources as its top “add” pick in Singapore for its superior output growth prospects, low-cost production.

HONG KONG (Jan 5): Malaysia’s ringgit, one of Asia’s worst-performing currencies over the past year, has further to fall, according to BMI Research.

KUALA LUMPUR (Dec 19): Malaysia's ringgit touched the lowest level since the Asian financial crisis as investors continue to sell down emerging-market assets and after a crackdown on currency speculators last month exacerbated outflows.

SINGAPORE (Dec 8): Maybank Kim Eng is maintaining its “hold” call on Riverstone Holdings with a target price of 92 cents, saying the recent correction to its stock price has been overdone.

SINGAPORE (Nov 24): The Malaysian ringgit has been Asia’s worst-performing currency since Donald Trump’s surprise win at the US presidential election on Nov 8. And fingers have been kept busy pointing at “Trump tantrum”.

KUALA LUMPUR (Nov 23): Asia’s worst-performing currency since Donald Trump’s surprise US election victory is putting a Malaysian interest-rate cut out of sight for now.  

(Nov 22): Malaysia’s 10-year government bonds fell, driving the yield to a 15-month high, as the central bank’s move to discourage currency speculation hurt sentiment toward the nation’s assets.

SINGAPORE (Nov 14): Sakae Holdings reported 3Q16 losses nearly doubled to $3.1 million from a year ago as revenue fell 11.1% to $20.3 million driven by a sluggish economy and fiercer competition in the F&B sector.