KUALA LUMPUR (April 16): The ringgit slipped but managed to hold at the 4.12-point level against the US dollar at the opening, as demand for the local currency was hampered due to a spike in COVID-19 cases. Malaysia reported 2,148 cases new COVID-19 cases on Thursday. The last time the country passed the 2,000-mark was on March 5, with 2,154 cases. At 9am, the local note shed 50 basis points to 4.1280/1330 against the greenback from 4.1230/1260 at Thursday’s close.
