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Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit continued its positive momentum into today in opening higher against the US dollar and following a weakening of the greenback in the face of strengthening of oil prices.

At 9am, the local note was traded at 4.0930/0960 against the greenback from yesterday’s close of 4.0990/0200.

A dealer said the weakening of the US dollar was also due to comments by US President Donald Trump who accused China and Europe of manipulating its currencies and was not keen on the steps taken by the US Federal Reserve in hiking interest rates.

“These comments caused the US dollar to slide across Asia and Europe,” he added.

At 9am, the benchmark Brent crude oil was recorded at US$72.30 per barrel.

Meanwhile, the ringgit slipped against a basket of other currencies.

It went down against the British pound to 5.2456/2515 from 5.2225/2276 yesterday and was lower against the euro at 4.7160/7198 from 4.6765/6804.

The local unit also declined against the yen to 3.7253/7291 from 3.7045/7075 and eased against the Singapore dollar to 2.9922/9955 from 2.9885/9913. — Bernama

Bursa Malaysia opens higher

KUALA LUMPUR: Bursa Malaysia opened higher today in taking the lead from the overnight gains in global stocks as participants focused on hopes of a positive outcome to trade talks between the US and China this week, dealers said.

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.79 points better at 1,790.37 from yesterday’s close of 1,787.58.

The index opened 2.67 points firmer at 1,790.25.

A dealer said the better Bursa Malaysia performance today was also in line with Asian peers as traders shrugged aside a fresh retreat for the Turkish lira and instead paid attention to ending a trade dispute that would result in meetings between President Donald Trump and Chinese leader Xi Jinping.

“Should a recovery play-out, resistance levels can be found at 1,800 and 1,830, while supports can be identified at 1,750 and 1,720,” the dealer said.

On the broader market, gainers led losers 126 to 83 with 185 counters unchanged, 1,504 untraded and 43 others suspended.

Volume stood at 104.86 million units valued at RM46.87 million.

Among heavyweights, Maybank gained one sen to RM9.80, TNB added two sen to RM15.70, Petronas Chemicals rose six sen to RM9.50 and CIMB improved three sen to RM5.91.

Public Bank fell two sen to RM54.48.

Of actives, Borneo Oil bagged half-a-sen to six sen, Perak Transit gained one sen to RM31 sen, while Nova MSC and Velesto each deducted one sen to 17 sen and 28 sen respectively.

Petronas Dagangan was the biggest gainer in early trading, bagging 50 sen to RM27.40, followed by MB World which bagged 36 sen to RM2.00 and Nestle increasing 30 sen to RM146.60.

The FBM Emas Index was 16.03 points higher at 12,661.30, the FBMT 100 Index increased 15.66 points to 12,432.01 and the FBM 70 bagged 5.46 points to 15,416.47.

The FBM Emas Syariah Index advanced 19.64 points to 12,837.54, but the FBM Ace Index fell 4.36 points to 5,568.96.

Sector-wise, the Finance Index rose 20.50 points to 17,420.43 and the Industrial Index increased 9.36 points to 3,235.17, and the Plantation Index perked 6.12 points to 7,570.29.

The physical price of gold as at 9.30am stood at RM151.90 per gramme, up 42 sen from RM151.48 at 5.00pm yesterday. — Bernama

50 thousand PDAM customers will be affected by water shortages

BANJARMASIN, S Kalimantan: As many as 50 thousand customers of PDAM Bandarmasih, Banjarmasin, will experience difficulties in clean water, said the director of the government-owned tap water company, Antaranews Kalsel reported. On Monday and Tuesday (27-28 August) there is a major pipe repairment at the Sungai Tabuk intake, according to the PDAM Bandarmasih Operational Director Sopian […]

Shooting at London's Kingsburg tube station leaves 3 people injured; Police says not terror-related

LONDON – A shooting at London’s Kingsbury tube station has left three people injured, the Sun newspaper reported on Monday night (Aug 20).

“Police and London Ambulance Service were alerted at around 2145hrs (4.45am Singapore time) on Monday, 20 August…

UMW-Mercy Malaysia’s mobile clinic benefits interior residents in Julau

JULAU: UMW Corporation Sdn Bhd (UMW), with the cooperation of the Malaysian Medical Aid Association or Mercy Malaysia, set up a mobile clinic at Rumah (Rh) Anthony Bau, Nanga Sugai, Rantau Tapang, Mujok near here for three days since last Aug 17 for the benefit of the interior residents.

The programme, which ended two days ago, also benefited the Iban community at Rh Anthony Bau, Rh Mengiring, Rh Gerasi Ak Kapi, Rh Entili, Rh Anthony Gelayan and students at Sekolah Kebangsaan (SK) Nanga Ju.

Head of the mission, Martin Jandom, said the programme was carried out as part of UMW’s corporate social responsibility in Sarawak this year.

“The area is in the interiors, which make difficult for the residents to go for health checks. So, we bring the facility to them,” he said, adding that the nearest clinic for the residents was the Maong Helah Clinic, which is about an hour journey by boat.

He said the mission involved 41 members, including 18 medical volunteers, comprising doctors, dentists and pharmacists, and also media practitioners.

“Eighty five people from the nearby long houses came to seek treatment provided by our team,” he told reporters.

Meanwhile, UMW Corporation Sdn Bhd general manager (Corporate Communication) Badrul Rahman said the UMW CSR with Mercy Malaysia programme had been carried out since 2009 and had benefitted more than 25,000 residents in the interior areas in Sabah and Sarawak.

“UMW provides the allocation, while Mercy Malaysia decides on the location,” he said. — Bernama