KUALA LUMPUR: Strong economic fundamentals and prudent ringgit management are expected to contribute to the strengthening of the ringgit against the US dollar despite several temporary factors that have contributed to the ringgit's current depreciation, Minister of Finance Tengku Datuk Seri Zafrul Tengku Abdul Aziz said.He said that based on current factors, the ringgit’s value is expected to remain stable as Bank Negara Malaysia( BNM) actively manages the local unit to ensure that fluctuations

The V-shaped recovery in the first quarter of 2021-22, despite the brutal second wave of the coronavirus pandemic, is a testimony to India's strong macroeconomic fundamentals, according to the Finance Ministry.In its latest Monthly Economic Review, the Finance Ministry also expressed concern over high incidence of COVID-19 cases in Kerala and Maharashtra and underlined the need for strengthening pandemic control and management in these two states. The Indian economy grew by 20.1 per cent in the

PETALING JAYA: Jentayu Sustainables Bhd, which saw its share price come under pressure in recent days, has asserted confidence that price fluctuations are short-term and not indicative of the company’s fundamentals.“ We are firm in our belief that these price fluctuations are short term in nature, and are not reflective of the company’s true fundamentals, ” Jentayu said in a statement. Jentayu closed 4.5 sen, or 9%, higher at 54.5 sen with 99.39 million shares traded.... The counter has fallen

KUALA LUMPUR: RHB Bank Bhd, which continued its positive earnings momentum in the first nine months of 2021, will remain vigilant and make proactive credit provisions when necessary as the Covid-19 pandemic continues to impact the livelihoods of its customers.In a statement yesterday, group managing director and group chief executive officer Datuk Khairussaleh Ramli said RHB’s stellar earnings were underpinned by strong fundamentals, as it remains to be the best capitalised bank in the industry

KUALA LUMPUR: Unisem( M) is well-positioned for expansion following a strong comeback in the first half of the financial year.... Meanwhile, MIDF is positive on the group's recent bonus issue, which went ex yesterday.... Unisem had announced a one-for-one issue in Sept 22, 2021, which amounted to an issue of 806.5 million bonus shares....

Oil prices edged slightly higher in choppy trading on Friday, heading for a second weekly gain as positive U.S. economic growth and signs of Chinese stimulus boosted demand expectations, while Middle East supply concerns added further support.... " There has been a lot of money on the sidelines awaiting opportunity in crude and I think we're seeing some of that come back into the space as the fundamentals for crude supplies seem to be tightening," said Dennis Kissler, senior vice president of t

Even if Republicans win both races, they will control the Senate majority with only 52 seats.... That slim range of possibilities underscores a key change in the structure of Senate elections: With each party now consistently dominating elections up and down the ballot across a larger swath of states, it has become much tougher for either to amass a commanding Senate majority.... Why the Senate is so tough for Democrats The fact that neither side will control more than 52 seats after Tuesday m

KOTA BARU: Pakatan Harapan and Barisan Nasional candidates in the Kelantan state election have pledged to solve long-standing issues that have been plaguing the state for decades. Amanah’s Kota Lama candidate Dr Hafidzah Mustakim said she wanted to improve her constituency’s economic condition and bring stability.“ We want to bring forward the Federal Government’s initiatives to eradicate poverty, improve the economy, create more job opportunities, and improve the infrastructure here.“ This is i

KOTA BARU: Pakatan Harapan and Barisan Nasional candidates in the Kelantan state election have pledged to solve long-standing issues that have been plaguing the state for decades. Amanah’s Kota Lama candidate Dr Hafidzah Mustakim said she wanted to improve her constituency’s economic condition and bring stability.“ We want to bring forward the Federal Government’s initiatives to eradicate poverty, improve the economy, create more job opportunities, and improve the infrastructure here.“ This is i

The Syrian crisis has become the next global “great game,” in which many of the world’s major powers are pursuing very different outcomes. The presence of outside powers complicates resolving the conflict, as every Syrian party must reconcile its goals with those of its patrons.