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Ringgit closes lower alongside regional currencies

KUALA LUMPUR: The ringgit ended the week easier against the greenback, alongside regional currencies, as the US producer price index (PPI) data came in higher than expected, pushing back expectations of an interest rate cut in the US in June. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said that the Korean won, which depreciated by 0.91%, led the regional decline, followed by the ringgit, the Philippine peso, and the […]

today15 March 2024

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Nasional

Farhash emerges as substantial shareholder in HeiTech Padu

Former Perak PKR chief Farhash Wafa Salvador Rizal Mubarak is also the chairman and director of companies such as 7-Eleven Malaysia Holdings Bhd and Apex Equity Holdings Bhd. PETALING JAYA: Prime Minister Anwar Ibrahim’s former political secretary, Farhash Wafa Salvador Rizal Mubarak, has emerged as a substantial shareholder of Heitech Padu Bhd after acquiring an indirect interest of 15.9% (16.1 million shares) in the technology services provider. Former Perak PKR […]

today14 March 2024

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Nasional

AK Nathan’s Eversendai surges 90% after bagging projects worth RM5.4bil

Eversendai founder AK Nathan said the company had undergone a very challenging period in the last few years. (Facebook pic) PETALING JAYA: Things are looking up again for Eversendai Corp Bhd, whose shares surged 90% after announcing today it had snapped up four new projects worth RM5.4 billion in Saudi Arabia, the United Arab Emirates (UAE) and India. At 3.47pm, its share price jumped 9.5 sen or 46.22% to 31 […]

today13 March 2024