KUALA LUMPUR, Aug 19 — Hong Leong Investment Bank (HLIB) has revised its 2024 gross domestic product (GDP) forecast for Malaysia upward to 5.0 per cent from 4.8 per cent previously.

KUALA LUMPUR, Aug 19 (Bernama) -- Bursa Malaysia opened higher on the first trading day of the week, supported by encouraging economic data from both Malaysia and the United States (US).

KUALA LUMPUR, Aug 19 — The ringgit opened flat amid Malaysia’s better-than-expected second quarter of 2024 economic data, ahead of the anticipated United States (US) interest rate cuts, according to an analyst.

SANDAKAN, Aug 18 — Malaysia has pledged to halt new oil palm plantations in forest areas to support sustainability and maintain the current forest cover of 54 per cent.

KUALA LUMPUR, Aug 18 — Malaysia’s participation in Brics, alongside India’s established presence in the intergovernmental bloc, presents significant opportunities for both nations to deepen their economic collaboration through this influential trade platform.

JOHOR BAHRU, Aug 17 — Malaysia’s rapid economic growth in the second quarter, at 5.9 per cent and above expectations, reflected the confidence of foreign investors in the country's potential, said Economy Minister Rafizi Ramli.

KUALA LUMPUR, Aug 17 — The ringgit is expected to stay at the current levels of 4.43 to 4.45 against the greenback next week amid caution as a series of US Federal Reserve (US Fed) officials will speak publicly on the United States economy.

KUALA LUMPUR, Aug 16 — RHB Bank Bhd has revised its forecast for Malaysia's gross domestic product (GDP) growth in 2024 to 5.0 per cent year-on-year (y-o-y) from 4.6 per cent previously amid the growth acceleration in the second quarter (2Q) of 2024.

KUALA LUMPUR, Aug 16 — The Investment, Trade, and Industry Ministry (Miti) has secured RM8.33 billion worth of potential exports during its trade and investment mission to Thailand from yesterday to today.

KUALA LUMPUR, Aug 16 — The second quarter 2024 (2Q 2024) growth of 5.9 per cent has put Malaysia in a comfortable position to cap off the year with a growth in the upper-end of the government’s official forecast range of 4.0 to 5.0 per cent.

KUALA LUMPUR, Aug 16 — The Malaysian economy’s robust expansion at 5.9 per cent in the second quarter of 2024 (2Q 2024) has driven the ringgit to close higher against the US dollar today.

KUALA LUMPUR, Aug 16 — Malaysia is well positioned to navigate external uncertainties, buoyed by a strong 5.9 per cent gross domestic product (GDP) growth in the second quarter of 2024 (2Q 2024), surpassing the earlier forecast of 5.8 per cent.

KUALA LUMPUR, Aug 16 — The ringgit is moving in the right direction as it reflects the nation’s economic fundamentals and strong prospects, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Aug 16 — The impact of the recently implemented diesel subsidy rationalisation remains manageable given the government mitigation measures despite the slight rise in inflation prints, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Aug 16 — Malaysia’s economy saw a robust expansion of 5.9 per cent in the second quarter of 2024 (2Q 2024) exceeding earlier prediction of 5.8 per cent, bolstered by resilient household spending, vigorous investment activities, and a significant boost in tourism arrivals.

TAIYUAN, Aug 16 — Guangzhou Exhibition Services Centre is set to host the China-Malaysia Trade Exhibition (MCTE) in Kuala Lumpur, aimed at enhancing economic and trade ties between Chinese companies and Belt and Road countries, and promoting the high-quality development of foreign trade.

KUALA LUMPUR, Aug 16 — Bursa Malaysia opened higher, supported by buying interest across the board amid Wall Street’s overnight gains, said analysts.

KUALA LUMPUR, Aug 16 — Malaysia is expected to record strong export figures in the second quarter of 2024 (2Q 2024) despite consensus projection of sluggish external markets this year.

KUALA LUMPUR, Aug 16 — The ringgit opened lower against the greenback as traders adopted a cautious stance and adjusted their positions due to anticipated pre-announcement volatility ahead of Malaysia’s second quarter (2Q) 2024 gross domestic product (GDP) data today.

KUALA LUMPUR, Aug 15 — The ringgit ended lower against the US dollar at the close despite the lower US Consumer Price Index (CPI) data last night, indicating that lower inflation will enable the US Federal Reserve to reduce interest rates.