Ringgit opens lower at 4.0070/0130 against the greenback

Ringgit opens lower at 4.0070/0130 against the greenback


Ringgit opens lower at 4.0070/0130 against the greenback

Posted: 10 Aug 2016 07:14 PM PDT

Malaysian ringgit notes are seen among US dollar bills in this photo illustration taken in Singapore August 24, 2015. — Reuters picMalaysian ringgit notes are seen among US dollar bills in this photo illustration taken in Singapore August 24, 2015. — Reuters picKUALA LUMPUR, Aug 11 — The ringgit opened softer against the US dollar today on technical profit taking, a dealer said.

At 9.15am, the local currency opened lower at 4.0070/0130 against the greenback from 3.9880/9940 at 6 pm in yesterday's closing.

The dealer said sentiment is still positive for the ringgit on expectations of better risk appetite, with fresh buying interest from foreign fund on Bursa Malaysia, expected to lend support to the local note.

"The ringgit's technical profit-taking, after hitting a three-week high yesterday, was prompted this morning by crude oil prices that tumbled overnight on news of a surprising jump in US government stockpiles.

"The ringgit could have otherwise stayed below the 4.0 level," said the dealer.

Against other major currencies, the ringgit traded mostly lower in early trade today.

It depreciated against the Singapore dollar to 2.9847/9903 from 2.9741/9808 and declined against the yen at 3.9571/9650 from 3.9349/9424.

The local unit declined against the euro to 4.4794/4869 from 4.4546/4629 and also fell against the pound sterling to 5.2107/2209 from 5.2051/2154. — Bernama 

Short-term interbank rates stable

Posted: 10 Aug 2016 07:12 PM PDT

The headquarters of Bank Negara Malaysia in Kuala Lumpur, March 30, 2015. — Picture by Yusof Mat IsaThe headquarters of Bank Negara Malaysia in Kuala Lumpur, March 30, 2015. — Picture by Yusof Mat IsaKUALA LUMPUR, Aug 11 — Short-term rates are expected to remain stable today on Bank Negara Malaysia's (BNM) continuous intervention to absorb excess liquidity from the financial system.

The central bank estimated today's liquidity at RM25.69 billion in the conventional system and RM11.65 billion in Islamic funds.

BNM will conduct three conventional money market tenders comprising RM1.5 billion for seven days, RM1.0 billion for 14 days and RM1.5 billion for 33 days.

The central bank will also conduct a RM5.1 billion Qard Islamic Range Maturity Auction for seven to 21 days and a RM500 million repo tender for 33 days.

At 4pm, BNM will conduct an up to RM21.0 billion in conventional overnight tender and a RM6.6 billion overnight Qard. — Bernama

Boston mafia don, Frank ‘Cadillac’ Salemme, charged with murder

Posted: 10 Aug 2016 07:09 PM PDT

Salemme was arrested in Connecticut and was due to appear before a federal court in Boston later today. — File picSalemme was arrested in Connecticut and was due to appear before a federal court in Boston later today. — File picNEW YORK, Aug 11 — An 82-year-old former New England mafia boss, Frank "Cadillac" Salemme, was arrested and charged yesterday with murdering a witness more than 20 years ago, US prosecutors said.

Salemme was arrested in Connecticut and was due to appear before a federal court in Boston later today.

Prosecutors said he was the "boss" of the New England La Cosa Nostra in the early 1990s until he was indicted with racketeering in 1995 and convicted in 1999.

He was convicted again in 2008 of lying to federal authorities about the 1993 murder of a Boston nightclub owner.

The Boston Globe said Salemme entered a witness protection program while cooperating in the prosecution of James "Whitey" Bulger, the notorious underworld Boston kingpin jailed for life in 2013.

Salemme's arrest comes a week after the FBI rounded up more than 40 East Coast reputed mobsters, spotlighting an Italian mafia purportedly alive and kicking in 21st century America.

The defendants were accused of orchestrating a vast criminal enterprise that stretched from Massachusetts to Florida, engaging in extortion, arson, fraud, illegal gambling, firearms trafficking and assault. — AFP

National shooter Johnathan Wong fails to improve personal best

Posted: 10 Aug 2016 07:07 PM PDT

RIO DE JANEIRO, Aug 11 ― National shooter Johnathan Wong Guanjie did not live up to the expectation to improve his personal best when he ended his Olympic debut at the Olympic Shooting Center in Deodoro, 44km, from here yesterday.

In his final event in the men's 50m pistol qualifying round, the 24-year-old university student posted 535 points, away behind from his personal best of 556 points, to finish 37th position out of 41 competitors.

In his favourite event, 10m air pistol, Saturday, Johnathan fired 574 points to end up in 28th place and failed to rewrite his national record of 558 points.

Meanwhile in Maria da Gloria in Copacabana, 45km from here, national sailor Khairulnizam Mohd Afendy showed much improvement when he finished a commendable 20th spot in the Laser Standard, one spot ahead of Colin Cheng of Singapore in race 5.

Khairulnizam, however, slipped one spot to 21st in the following race and Colin, the best ranked Asian sailor, was disqualified in race 6.

Malaysia's first woman sailor in Olympics, Nur Shazrin Mohamad Latif ended in 33rd spot in the Laser Radial race 5 and slip to 35th spot in the following race.

Both the Laser Standard and Laser Radial races will take a break tomorrow before resuming the remaining last five races the following day. ― Bernama

US senator pushes case to keep Guantanamo open

Posted: 10 Aug 2016 07:05 PM PDT

A soldier monitors detainees in the prison at the the US naval station, Guantanamo Bay, Cuba, August 20, 2014. — Damon Winter/New York TimesA soldier monitors detainees in the prison at the the US naval station, Guantanamo Bay, Cuba, August 20, 2014. — Damon Winter/New York TimesGUANTANAMO BAY, Aug 11 — A top Republican US senator pushed her case yesterday for keeping Guantanamo Bay open, releasing an unclassified report on 107 current and former detainees to show why closing the military prison is a security risk.

Kelly Ayotte, a longtime critic of President Barack Obama's plans to shut the detention center, said the report highlights the inmates' terrorist pasts, showing why they must remain locked up.

"The Obama administration promised transparency, but this new report shows why they've been so reluctant to uphold that promise when it comes to the detainees at Guantanamo Bay," said Ayotte, who is running for re-election to her New Hampshire seat this year.

"The more Americans understand about the terrorist activities and affiliations of these detainees, the more they will oppose the administration's terribly misguided plans to release them."

The report provides short synopses about each of the 107 detainees at Guantanamo as of November last year.

Of the 76 detainees who currently remain in Guantanamo, 34 have been cleared for transfer to other countries, where they would be released subject to certain conditions.

Ten of the detainees face criminal trial, including the "9/11 Five" who are accused of plotting the September 11, 2001 attacks.

Yemeni-born Fayiz Ahmad Yahia Suleiman, who was transferred to Italy last month, "reportedly" trained with the Taliban and "may have" received specialized training in poison making, the report states.

And Abdel Malik Ahmed Abdel Wahab al-Rahabi, who had been in Guantanamo since January 2002 and was released to Montenegro last month, was "almost certainly" an al-Qaeda member.

"A body of reporting indicates he fought on the front lines, was a bodyguard for Osama bin Laden and may have been selected by al-Qaeda to participate in a hijacking plot," the document states.

The Pentagon said all the information released by Ayotte had been publicly available for "some time."

"In some cases, the information is several years old," Pentagon spokeswoman Lieutenant Colonel Valerie Henderson said.

"The document does not contain all of the information available on all US government websites about each detainee."

Obama has promised since 2009 to close the Guantanamo prison, but his efforts floundered largely due to fierce opposition from Republican lawmakers.

In February, the president presented Congress with a new closure plan for Guantanamo, which he says serves only to stoke anti-US resentment and fuel jihadist recruitment.

But the plan is likely doomed as Ayotte and other Republicans continue to oppose the jail's shuttering, especially because Obama wants to transfer the highest-risk detainees to a site in the United States. — AFP

Supporters protest WikiLeaks mole charges after suicide attempt

Posted: 10 Aug 2016 07:03 PM PDT

Chelsea Manning, formerly named Bradley, was convicted of sending classified documents to anti-secrecy website WikiLeaks, June 15, 2014. — Reuters picChelsea Manning, formerly named Bradley, was convicted of sending classified documents to anti-secrecy website WikiLeaks, June 15, 2014. — Reuters picWASHINGTON, Aug 11 — Supporters of imprisoned transgender intelligence leaker Chelsea Manning delivered a petition yesterday calling on the Army not to punish her for attempting suicide.

Manning could be charged with "administrative offenses" that could see her face indefinite solitary confinement following a suicide attempt last month.

Supporters said they had gathered a petition with more than 115,000 signatures and given it to Army Secretary Eric Fanning, calling on him to drop the charges.

Daniel Ellsberg, who gained notoriety in the 1970s when he leaked secret documents from the Pentagon, is among Manning's supporters.

"No harm has resulted from Chelsea Manning's disclosures. Not giving her the proper medical treatment and then adding on these charges for her suicide attempt would seem designed to break her down as a human being," he said in a statement.

"These charges appear to me to be sadistic and outrageous."

Originally called Bradley, Manning was convicted in August 2013 of espionage and other offenses after admitting to handing classified documents to the anti-secrecy website WikiLeaks.

After sentencing, Manning announced she identified as female and later obtained legal authorization to change her name and receive hormone therapy.

She remains, however, in a men's military prison in Kansas, where she is appealing a 35-year sentence. — AFP