from The American Heritage® Dictionary of the English Language, 4th Edition
- n. See Table at currency.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The currency of Malaysia
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the basic unit of money in Malaysia; equal to 100 sen
Apart from improving macro fundamentals and global economic stability, it said the long-term ringgit trend would largely be influenced by external factors, mainly China's possible currency reforms and the US Federal Reserve's decision on interest rates.
"There are few deals today and to be honest, I don't think there will be huge demand for it since the ringgit is a restricted currency too," the trader said.
It came to less than 30 Malaysian ringgit, which is less than $10.
The offer values Plus Expressways at 4.60 ringgit a share, a small 3.1% premium over the price of Plus shares when they were halted Thursday pending the announcement.
KUALA LUMPUR, Malaysia — Malaysian highway operator Plus Expressways Bhd. said Friday that state-owned UEM Group Bhd. and the Employees Provident Fund Board, a state-owned pension fund, have offered to take the company private for 23 billion ringgit ($7.46 billion) in cash.
But his budget focused mainly on attracting investment to public-private partnerships to build new public works projects, on which he'll spend 137 billion ringgit ($44 billion).
That includes 40 billion ringgit for a mass transit system in Kuala Lumpur — the kind of infrastructure Malaysia needs — but also five billion ringgit on a new 100-story office tower.
Southeast Asia's largest low-cost airline by fleet size said in a filing to the Malaysian stock exchange that its net profit for the period ended Dec. 31 increased to 316.6 million ringgit $103.3 million from 33.9 million ringgit a year earlier.
For the full year, net profit doubled to 1.07 billion ringgit on revenue of 3.99 billion ringgit.
Some economists expect the peso's gains against the U.S. dollar to accelerate this year, pushing the currency up faster than currencies such as Thailand's baht or Malaysia's ringgit, which have already hit multi-year highs.
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