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July 9, 2026
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Kadar Kemiskinan Isi Rumah di PPR KL Meningkat Kepada 45% – UNICEF Malaysia

Ekonomi Rakyat5 years ago5 years ago06 mins

Laporan berpanjangan Families on the Edge yang dikeluarkan oleh UNICEF Malaysia mendapati kadar kemiskinan isi rumah di flat kos rendah di Kuala Lumpur telah meningkat 3% dari 42% pada Disember 2020 kepada 45% pada Mac 2021.

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Ringgit Gains Ground as Divided Fed Minutes Pressure the Greenback

Ringgit Gains Ground as Divided Fed Minutes Pressure the Greenback

by Dini Yusrina on July 9, 2026 at 2:29 am

KUALA LUMPUR, July 9, 2026 - The Malaysian ringgit opened on a firmer footing against the US dollar on Thursday morning, capturing upward valuation momentum as the greenback softened globally in the wake of the latest United States Federal Open Market Committee meeting minutes. At the 8:00 am opening bell, the domestic currency appreciated to trade at 4.0730/0800 against the greenback, recovering from Wednesday’s close of 4.0750/0800.Dr. Mohd Afzanizam Abdul Rashid, the chief economist at Bank Muamalat Malaysia Berhad, noted that the US Dollar Index dipped after the central bank records revealed that Federal Reserve policymakers remain highly fragmented over the future trajectory of borrowing costs. The documentation underscores that the Fed has shifted its policy discussions entirely away from potential interest rate cuts. Instead, the debate among American central bankers centers squarely on whether to maintain the current restrictive policy stance or execute further rate hikes to rein in lingering inflation.The economist noted that several Fed officials currently view the prevailing federal funds rate—positioned between 3.50 per cent and 3.75 per cent—as sufficiently restrictive. This internal policy gridlock took the steam out of the US dollar's recent rally, providing breathing room for regional Asian currencies, including the ringgit, to climb. Domestically, the financial community is bracing for Bank Negara Malaysia’s Monetary Policy Committee resolution later today, with the local Overnight Policy Rate widely expected by macroeconomic forecasters to be held steady at 2.75 per cent. Beyond the baseline rate decision, institutional investors will be actively parsing BNM’s forward-looking statements for its updated structural assessment of the Malaysian economy against the backdrop of heightened geopolitical risks in West Asia.Despite these positive gains against the dollar, the ringgit exhibited a weaker trend against a broader basket of major global currencies at the start of the session. The local note slid against the British pound, falling to 5.4554/4648 from Wednesday's finish of 5.4369/4435, and depreciated against the euro to register at 4.6518/6598 compared to 4.6471/6528 in the previous session. Conversely, the ringgit managed to edge higher against the Japanese yen, strengthening to 2.5058/5103 from yesterday's closing rate of 2.5083/5114.When measured against neighboring Southeast Asian currencies, the domestic note leaned mostly positive. The ringgit ticked up fractionally against the Singapore dollar to 3.1486/1542 from Wednesday's line of 3.1487/1528, and appreciated against the Indonesian rupiah to stand at 226.1/226.5 from 226.2/226.5. On the losing side, it pulled back slightly against the Thai baht, tracking lower at 12.1691/1959 against the prior quote of 12.1685/1882, while remaining completely unaltered against the Philippine peso at a flat 6.62/6.64.

Chin Hin Group Secures Prime Jalan Sultan Ismail Land for RM455 Million Cash-and-Share Deal

Chin Hin Group Secures Prime Jalan Sultan Ismail Land for RM455 Million Cash-and-Share Deal

by Dini Yusrina on July 9, 2026 at 2:29 am

KUALA LUMPUR, July 9, 2026 - has proposed to acquire a prime 2.61-acre (10,564 square meters) freehold commercial land parcel along Jalan Sultan Ismail in the heart of Kuala Lumpur from YNH Land Sdn Bhd for a total consideration of RM455 million.

Steady Bird’s Nest Demand Drives Enest’s Q1 Net Profit to RM2.15 Million

Steady Bird’s Nest Demand Drives Enest’s Q1 Net Profit to RM2.15 Million

by Bong on July 9, 2026 at 2:29 am

posted revenue of RM42.11 million for the first quarter ended 31 March 2026, driven mainly by its core edible bird’s nest processing and trading business.

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