Local note rises to 4.4795/4835 from yesterday’s closing rate of 4.4820/4860
Country now entirely dependent on importing raw sugar, notes Rafizi Ramli
Worries lift a little about contagion from SVB collapse
Company’s board forms executive committee to perform functions of vacated top post

Situation, however, remains challenging in certain parts of country such as S’wak, says deputy PM

Yields on govt bonds worldwide tumble amid banking crisis as risk of recession grows

Bursa also lower, tracking Wall Street as American banking industry comes under scrutiny

They note local banking system highly regulated, asset quality risks well contained
90 new ones worth RM10 mil being processed, says its president

This comes as company asked to pay from RM35 bil to RM40 bil this year
National oil company also records all-time-high revenue of RM375.3 billion

Finance Minister Jeremy Hunt assures no govt money was involved, all customer deposits have been safeguarded
