Arkib Harian: April 8, 2024

Bank Negara: Coordinated efforts have strengthened the ringgit, no plans for capital controls

Bank Negara Coordinated efforts have strengthened the ringgit no plans

KUALA LUMPUR: Ongoing coordinated efforts by government-linked companies (GLCs), government-linked investment companies (GLICs), Malaysian corporates and businesses have strengthened the ringgit, Bank Negara Malaysia (BNM) said today. Since February 26, 2024, the ringgit has been the only regional currency that has strengthened against the US dollar, gaining 0.6 per cent, …

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South Korea probes Temu over alleged false ads, unfair practices

South Korea probes Temu over alleged false ads unfair practices

SEOUL: South Korean regulators are investigating the hugely popular Chinese shopping app Temu on suspicion of false advertising and unfair practices, the Yonhap news agency reported on April 8. With sometimes astonishingly low prices and a huge variety of items, Temu has enjoyed rapid growth in dozens of countries since …

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Gold marches higher on firm demand from top Asian cenbanks

Gold marches higher on firm demand from top Asian cenbanks

GOLD prices rose on Monday to a record high for the seventh consecutive session, a move that analysts anticipate could be driven by strong demand from Asian central banks, despite traditional headwinds from a stronger U.S. dollar and elevated interest rates. Spot gold was up 0.4% at $2,338.80 per ounce …

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