The Malaysian ringgit continued its uptrend to hit a 19 month high against the USD on January 8. (Photo: AFP/VNA)
Kuala Lumpur (VNA) – The Malaysian ringgit continued its uptrend tohit a 19 month high against the USD on January 8.
The currency is traded at 3.998 ringgits against the greenback. It was up 70basis points against January 5’s close of 3.995.
It appreciated against a basket of other major currencies, including theSingapore dollar, the Japanese yen and euro but fell against the British pound.
The ringgit continued to rise against Vietnamese dong when one ringgit can buynearly 5,700 VND.
According to Bernama, the Malaysian National News Agency, the note is beingbuoyed by the country’s strong trade surplus and expectations of a hike in theOvernight Policy Rate (OPR) by Bank Negara Malaysia this year.
By the end of 2017, the Malaysian economy experienced a growth of 5.8 percent.The World Bank and the International Monetary Fund forecast that the SoutheastAsian economy can grow at 5.2 percent this year.-VNA
The Central Bank of Malaysia (BNM) has forecast that Malaysia’ economy will grow by between 4.3 and 4.8 percent this year, the country’s News Strait Times reported on March 24.
Malaysia’s Ministry of International Trade and Industry on June 5 reported that the country’s exports in April rose 20.6 percent year on year to 73.97 billion ringgit (17.33 billion USD) thanks to increased demand for processed, mining and agricultural products.
Malaysia’s 2018 budget will stand at 280.3 billion ringgit, a rise of 7.5 percent from this year, according to the 2018 budget estimates announced by Prime Minister Najib Razak on October 27.
The central banks of Malaysia, Indonesia and Thailand established local currency settlement frameworks on December 11 to promote trade and investment activities.
Malaysian Ringgit increased 10 percent against US dollar in 2017 amid improving oil prices and economic outlook, the Xinhua news agency of China reported.
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Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
The Malaysian ringgit continued its uptrend to hit a 19 month high against the USD on January 8. (Photo: AFP/VNA) 
