MARKET NEWS

KUALA LUMPUR: The ringgit extended yesterday’s losses to open lower against the US dollar this morning as interest for the local currency was curbed by the stronger greenback buoyed by optimism of the US-China trade deal, dealers said.At 9.10am, the ringgit was quoted at 4.1430/1480...

PETALING JAYA: Bank Negara has avoided further monetary easing this year, as it retained the country’s benchmark interest rate at 3% in line with market predictions.Following its Monetary Policy Committee (MPC) meeting yesterday, the central bank has also reaffirmed its confidence that Malaysia’s economic growth...