Ringgit lemah lewatkan pemulihan Malaysia Airlines – Pengarah Urusan Khazanah


KUALA LUMPUR: Ringgit yang lemah melewatkan pemulihan Malaysia Airlines, kata Pengarah Urusan Khazanah Nasional Bhd, Tan Sri Azman Mokhtar.

Beliau berkata semasa pelan penyusunan semula bagi syarikat penerbangan nasional itu dibuat, ringgit dijangka diniagakan antara 3.90 dan 3.95 berbanding dolar AS.

“Pada 2017, ringgit berlegar sekitar RM4.40 berbanding dolar AS. Ia diterjemahkan secara langsung kepada kira-kira setengah bilion kepada pendapatan Malaysia Airlines dengan cara yang negatif,” katanya kepada pemberita pada kajian semula tahunan syarikat itu, di sini, hari ini.

Pemulihan syarikat penerbangan itu akan lewat antara enam dan 12 bulan disebabkan oleh kesan mata wang, katanya.

Bagaimanapun, Azman berkata, pelan pemulihan itu masih beroperasi dalam tempoh masa yang dijangkakan dan syarikat penerbangan tersebut dijangka mendapat pulang modal pada akhir tahun ini atau selewat-lewatnya pada separuh pertama tahun depan.

“Apabila kami membuat (pelan pemulihan itu) tiga tahun lalu, kami menyasar syarikat penerbangan tersebut disenaraikan atau akan disenaraikan menjelang 2019, dan keuntungan merupakan satu daripada kriteria untuk disenaraikan,” katanya.

Beliau berkata Malaysia Airlines bertambah baik dari segi pemulihan kos, peningkatan hasil dan mendapat semula keyakinan pelanggan.

“Jika anda lihat pada 2017, faktor muatan kami merupakan antara yang tertinggi dalam pasaran, dan tahun lepas kami juga membina semula jenama dan mendapat kembali pelanggan kami,” kata Azman.

Beliau berkata dua daripada pasaran di mana Malaysia Airlines terjejas teruk akibat hilang keyakinan pelanggan, Australia dan Asia Utara, kini merupakan pasaran paling kukuh syarikat penerbangan itu.

— BERNAMA



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BNM policy normalization should favor the ringgit – Analyst


KUALA LUMPUR: The ringgit is expected to strengthen against major currencies following Bank Negara Malaysia (BNM)’s policy normalization, says foreign currency analyst Stephen Innes of Oanda in a research note from Singapore on Wednesday morning.

In the note, Innes says that “with the markets focus shifting to BNM policy normalization, this should favour the ringgit given the anticipated policy shift at the end of the month”

He however cautioned the market that this will however require a number of other contingencies and external factors as well.

“But to get through the 6.95% level before the BNM rate hike, it will require either an extension of the Euro rally to break through 1.23 (against the USD) or for the USD-Japanese Yen forex pair to fall convincingly below the 111.00 mark,” stressed Innes.

There is also the reminder that both the US Dollar and the Japanese Yen are still dominating the forex market currently. Innes says that “both currency pairs are steering FX markets right now”.

At 9am Wednesday, the local note opened at 3.9566/9568 against the greenback from 3.9540/9580 on Tuesday.



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Ringgit rises strongly against greenback on solid economic data


WANG

MO,12/1/2018, KUALA LUMPUR: The ringgit was significantly higher against the US dollar this morning, touching a level it had not seen since July 2016, as sentiment towards the local unit improved on the back of the country’s solid economic growth. At 9.16 am, the local unit stood at 3.9750/9780 against the greenback from 3.9850/9900 at the close yesterday.   A dealer said the ringgit has been undervalued for quite some time and given the release of promising economic data recently, it had started to trade towards its fair value.

Meanwhile, Kenanga Research said Malaysia’s industrial production index (IPI) registered a convincing growth of five per cent year-on-year in November, which surpassed its expectation of 4.3 per cent and Bloomberg’s median consensus of 4.6 per cent. “With the upbeat IPI data in November, we might see a relatively strong fourth quarter 2017 gross domestic product (GDP) growth. We therefore maintain our GDP forecast of 5.5 per cent for Q4 and 5.8 per cent for the full year of 2017.

“The higher-than-expected IPI growth may suggest that the economic growth trajectory could remain well above its potential or more than five per cent in Q4, bolstering the case for Bank Negara Malaysia to raise the overnight policy rate by 25 basis points as early as the first quarter 2018,” it said in a note here today. Meanwhile, the ringgit traded lower against a basket of major currencies.

It was lower against the Singapore dollar at 2.9928/9953 from 2.9886/9926 at the close yesterday and declined against the yen to 3.5734/5770 from 3.5695/5749.
The ringgit fell against the British pound to 5.3873/3918 from 5.3738/3821 and depreciated against the euro to 4.7915/7955 from 4.7605/7681. – Bernama



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Positive ringgit backed by robust economic growth


JOHARI MOF 2
MO,11/1/2018, KUALA LUMPUR: The ringgit’s current upward momentum against major currencies is backed by the country’s robust domestic economy and healthy trade performance, underpinned by the recovery in global oil prices. Second Finance Minister Datuk Seri Johari Abdul Ghani said the ringgit was also supported by Malaysia’s strong export performance, which increased 20.2% from Jan-Nov 2017, as compared to the same period in 2016.

“The global economy is also showing positive growth momentum this year, and is forecast to ramp up between 3.7-3.8% this year (World Bank). This will positively impact Malaysia’s economic growth,” he told reporters after the launch of the new Register of Property Managers here, today. He said the ringgit’s performance so far is reflected by the positive sentiment in the local and global economies, with Malaysia’s gross domestic product (GDP) expected to grow between 5.0-5.5% this year.

Meanwhile, on the plan to impose a digital tax on the digital platform, Johari said the government is still awaiting feedback from the Organisation for Economic Co-operation and Development (OECD) countries on the right mechanism on the imposition.

“We are looking at a suitable mechanism for the tax as almost 20% of business transactions in Malaysian are now being done through the digital platform. The problem is, some of the companies, are not Malaysia-based.

“That’s why we are engaging the OECD countries to get their feedback and learn more about how they have been managing these digital companies, in terms of imposing tax on them,” he added. – Bernama



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Peningkatan ringgit disokong pertumbuhan kukuh ekonomi – Johari


KUALA LUMPUR: Momentum meningkat ringgit ketika ini berbanding mata wang utama disokong oleh prestasi kukuh ekonomi domestik dan perdagangan negara, serta dikuatkan lagi dengan pemulihan harga minyak global.

Menteri Kewangan Kedua, Datuk Seri Johari Abdul Ghani berkata ringgit juga disokong oleh prestasi kukuh eksport Malaysia yang meningkat 20.2 peratus daripada Jan-Nov 2017, berbanding tempoh yang sama pada 2016.

“Ekonomi global juga menunjukkan momentum pertumbuhan positif tahun ini dan diunjur meningkat antara 3.7-3.8 peratus tahun ini (Bank Dunia). Ini akan memberi impak positif kepada pertumbuhan ekonomi Malaysia,” katanya kepada pemberita selepas pelancaran Daftar Pengurus Hartanah baharu, di sini, hari ini.

Johari berkata prestasi ringgit setakat ini dicerminkan oleh sentimen positif dalam ekonomi tempatan dan global, dengan keluaran dalam negara kasar (KDNK) Malaysia dijangka berkembang antara 5.0-5.5 peratus tahun ini.

Sementara itu, mengenai rancangan untuk mengenakan cukai digital ke atas platform digital, beliau berkata kerajaan masih menunggu maklum balas daripada negara-negara Pertubuhan Kerjasama dan Pembangunan Ekonomi (OECD) mengenai mekanisme yang sesuai bagi melaksanakan cukai tersebut.

“Kami sedang menilai mekanisme yang sesuai bagi cukai itu kerana hampir 20 peratus urus niaga di Malaysia kini dijalankan menerusi platform digital. Masalahnya adalah sebahagian daripada syarikat-syarikat itu bukan berpangkalan di Malaysia.

“Itulah sebabnya mengapa kami melibatkan negara-negara OECD bagi mendapatkan maklum balas mereka dan mempelajari lebih lanjut mengenai bagaimana mereka menangani syarikat-syarikat digital ini, dari segi mengenakan cukai ke atas mereka,” katanya.

— BERNAMA



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Ringgit lepasi paras psikologi cecah 3.9850 berbanding dolar AS


KUALA LUMPUR: Ringgit sekali lagi melepasi paras psikologi 4.0 berbanding dolar Amerika Syarikat (AS) dalam tempoh seminggu, dipacu oleh sentimen positif susulan pengumuman data pengeluaran perindustrian yang menggalakkan hari ini selain pengukuhan harga minyak mentah.

Pada 6 petang ini, ringgit ditutup pada paras 3.9850/9900 berbanding dolar AS daripada 4.0020/0070 pada Rabu.

Seorang peniaga berkata ini merupakan kali kedua ringgit diniagakan di bawah paras 4.0 berbanding dolar AS dalam tempoh seminggu selepas ditutup pada 3.9950/9990 pada Isnin.

Menurut peniaga, Indeks Pengeluaran Perindustrian Malaysia (IPP) pada November yang meningkat 5.0 peratus tahun ke tahun kepada 134.8, jelas memaparkan pertumbuhan ekonomi negara ini kekal memberangsangkan selain menyuntik sentimen positif terhadap unit tempatan itu.

“Malah, peningkatan harga minyak mentah dengan penanda aras, Brent, mencecah US$69.37 setong hari ini turut melonjakkan permintaan terhadap ringgit,” katanya.

Sementara itu, Ketua Perdagangan Asia Pasifik Oanda Corp, Stephen Innes berkata pasaran kekal memberi tumpuan terhadap jangkaan kemungkinan Bank Negara Malaysia (BNM) bertindak menaikkan kadar dasar semalaman (OPR), tahun ini.

Selain dolar AS, ringgit turut diniagakan tinggi berbanding kelompok mata wang utama dunia termasuk dolar Singapura yang menyaksikan unit Malaysia itu ditutup di bawah paras 3.0 untuk hari kedua berturut-turut dalam masa seminggu.

Ringgit ditutup pada 2.9886/9926 berbanding dolar AS daripada 2.9975/9024 sebelum ini, tinggi berbanding euro kepada 4.7605/7681 daripada 4.7776/7844 semalam dan meningkat berbanding pound Britain kepada 5.3738/3821 daripada 5.4019/4090 semalam.

Ia juga tinggi berbanding yen kepada 3.5695/5749 daripada 3.5806/5857 pada Rabu.

— BERNAMA



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Ringgit meningkat berbanding dolar AS pada sesi pagi


KUALA LUMPUR: Ringgit tinggi berbanding dolar AS dalam dagangan awal hari ini berikutan sokongan prospek optimistik aliran masuk dana asing ke pasaran hutang domestik, disokong oleh asas ekonomi kukuh.

Pada 9.13 pagi, unit tempatan berada pada 3.9980/0020 berbanding dolar AS daripada 4.0020/0070 pada sesi penutup semalam.

Dalam nota penyelidikannya, Kenanga Research berkata ringgit dijangka kekal kukuh dan meningkat perlahan-lahan berbanding dolar AS dan mata wang utama lain memandangkan lebihan akaun semasa negara yang kukuh, prospek inflasi tidak berubah dan paras fiskal berhemat.

“Bagaimanapun, kita juga mungkin akan melihat lebih banyak turun naik ringgit, terjejas terutamanya oleh jangkaan tiga kenaikan kadar oleh Rizab Persekutuan AS tahun ini.

“Justeru, kita mungkin melihat dagangan adil dolar AS-ringgit Malaysia dalam jajaran antara 3.95 dan 4.10 dalam suku pertama tahun ini,” kata firma penyelidikan itu.

Sementara itu, ringgit diniagakan bercampur-campur berbanding kumpulan mata wang utama.

Unit tempatan tidak berubah berbanding dolar Singapura pada 2.9975/0018 daripada 2.9975/9024 pada penutupan semalam tetapi meningkat berbanding pound British kepada 5.4013/4075 daripada 5.4019/4090.

Ringgit turun berbanding yen kepada 3.5860/5899 daripada 3.5806/5857 dan susut berbanding euro kepada 4.7804/7864 daripada 4.7776/7844.

— BERNAMA



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Ringgit weakens against dollar on potential US rate hike


DUIT

MO,10/1/2018, KUALA LUMPUR: The ringgit opened lower against the US dollar today on better demand for the greenback and amid rising expectations of a March rate hike by the Federal Reserve. At 9.15 am,  the local unit stood at 4.0120/1015 against the greenback from 4.0090/0120 at the close yesterday.

A dealer said the weaker ringgit was due to profit-taking, following its strong performance over the past few days, which saw the local note touching a 19th month high of 3.9880/9930, against the greenback on Monday. Meanwhile, the ringgit also traded lower against a basket of major currencies.It depreciated against the Singapore dollar to  3.0028/0061 from 3.0023/0052 yesterday and fell against the yen to 3.5707/5737 from 3.5512/5548.

The ringgit slipped against the euro to 4.7895/7943 from 4.7863/7903 and was lower against the British pound at 5.4302/4351 from 5.4238/4294. – Bernama



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Ringgit takes a breather from rally


duit
MO,9/1/2018, KUALA LUMPUR: The ringgit opened easier against the US dollar today as the greenback strengthened amid rising expectations of a March rate hike by the Federal Reserve. At 9 am, the local unit stood at 4.0020/0050 against the greenback from 3.9950/9990 at close yesterday.

A dealer said the greenback was starting to gain ground, supported by expectations of three rate hikes this year, while helped by a pullback in the euro as investors took profits after its recent rally.

He added that while the ringgit took a breather from its recent rally against the US dollar today, sentiment remained positive for the local currency amid firmer crude oil prices, a better investment outlook in the local market, as well as expectations of a hike in the Overnight Policy Rate by Bank Negara Malaysia this year.

Meanwhile, the ringgit also traded mostly lower against a basket of major currencies. It depreciated against the Singapore dollar to 3.0038/0072 from 3.0008/0043 on Monday and fell against the yen to 3.5372/5402 from 3.5298/5342.

The ringgit slipped against the euro to 4.7904/7948 from 4.7896/7952 yesterday and was lower against the British pound at 5.4295/4340 from 5.4036/4106. – Bernama



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Ringgit dibuka rendah berbanding dolar US


KUALA LUMPUR: Ringgit dibuka rendah berbanding dolar US pagi ini, dengan dolar mengukuh ekoran jangkaan kenaikan kadar faedah Amerika Syarikat pada Mac.

Pada 9 pagi, unit tempatan mencatatkan paras 4.0020/0050 berbanding dolar daripada 3.9950/9990 pada penutupan semalam.

Seorang peniaga berkata dolar mula mengukuh, disokong oleh unjuran bahawa akan berlaku tiga kenaikan kadar faedah tahun ini, selain penyusutan nilai euro apabila pelabur membuat keuntungan selepas rali baru-baru ini.

Beliau berkata ringgit berehat hari ini selepas mengukuh berbanding dolar US sejak kebelakangan ini, namun sentimen ke atas mata wang tempatan itu kekal positif susulan kenaikan harga minyak mentah, sentimen pelaburan yang lebih baik dalam pasaran tempatan selain unjuran kenaikan Kadar Semalaman oleh Bank Negara Malaysia tahun ini.

Sementara itu ringgit didagangkan kebanyakannya rendah berbanding sekumpulan mata wang utama.

Ia menyusut berbanding dolar Singapura kepada 3.0038/0072 daripada 3.0008/0043 pada Isnin dan rendah berbanding yen kepada 3.5372/5402 daripada 3.5298/5342,

Ringgit juga rendah berbanding euro kepada 4.7904/7948 daripada 4.7896/7952 semalam dan rendah berbanding pound British pada 5.4295/4340 daripada 5.4036/4106 sebelumnya.

— BERNAMA



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