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.

KUALA LUMPUR, Aug 15 — BHIC AeroServices Sdn Bhd has been awarded a RM378 million contract from the Defence Ministry.

KUALA LUMPUR, Aug 15 — The Federation of Malaysian Manufacturers (FMM) said a gradual adjustment to minimum wages is more feasible and manageable for the industry as it offers a balanced approach to improving workers’ well-being without imposing a steep financial burden on businesses.

LIMA, Aug 15 — Malaysia is expected to attract new investments in the energy sector from Singapore and Vietnam, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, Aug 15 — MIDF Research estimated the full quarter gross domestic product (GDP) growth for the second quarter (2Q) to be around 6.1 per cent year-on-year (y-o-y), supported by robust growth in the services sector.

KUALA LUMPUR, Aug 15 — The Malaysia-China Summit (MCS) 2024, to be held from December 17 to 19, aims to generate RM2 billion in trade and investment leads.

KUALA LUMPUR, Aug 15 — The ringgit continued to strengthen against the greenback and other major currencies ahead of the second quarter (2Q) gross domestic product (GDP) release tomorrow, an analyst said.

KUALA LUMPUR, Aug 14 — The ringgit ended the day’s trading at about 4.41 against the US dollar, its best close in 16 months, as the US Federal Reserve was seen to be on track to cutting interest rates in September.

KUALA LUMPUR, Aug 14 — The retail price of diesel in Peninsular Malaysia will be reduced by five sen per litre to RM3.25 per litre, while the retail price of diesel in Sabah, Sarawak, and Labuan will remain unchanged at RM2.15 per litre.

KUALA LUMPUR, Aug 14 — The number of jobs in the economic sector increased by 1.5 per cent to record 8.96 million in the second quarter of 2024, according to Employment Statistics released by the Department of Statistics Malaysia (DOSM) today.

KUALA LUMPUR, Aug 14 — Bank Islam Malaysia Bhd anticipates Malaysia’s gross domestic product (GDP) growth to reach 6.0 per cent in the second quarter (2Q) of 2024, which is slightly above the Department of Statistics Malaysia’s (DOSM) advance estimate of 5.8 per cent.

KUALA LUMPUR, Aug 14 — Malaysia’s economy likely grew at its fastest pace in 18 months in the second quarter (2Q), thanks to a strong rebound in exports and higher household consumption, according to a Reuters poll of economists.

KUALA LUMPUR, Aug 14 — Malaysia needs to continue playing its role as a “neutral” country with a strong ecosystem in the tech sector to ensure the country remains an investment destination.

KUALA LUMPUR, Aug 14 — Growth Charger, a leading startup accelerator and incubator, has been chosen to host the Malaysia Finals of the Startup World Cup 2024.

KUALA LUMPUR, Aug 14 — The ringgit continued climbing against the greenback in light of a possible United States rate cut amid improving data points locally, said an analyst.

PUTRAJAYA, Aug 13 — The provision of incentives to empower the digital economy and the development of skilled talent is among the focus of the Digital Ministry in Budget 2025.

KUALA LUMPUR, Aug 13 — The anticipation of better gross domestic product (GDP) data for the second quarter (2Q) has resulted in the ringgit gaining ground against the United States dollar at the close today.

PUTRAJAYA, Aug 13 — The country’s live birth rate decreased by 10.2 per cent to 100,732 in the second quarter (2Q), compared with 112,197 births in the same period last year, showed the Demographic Statistics released by the Statistics Department.

KUALA LUMPUR, Aug 13 — The Employees Provident Fund’s (EPF) total distributable income for the six months ended June 30 (1H) increased by 29 per cent to RM36.7 billion from RM28.4 billion in the corresponding period.

KUALA LUMPUR, Aug 13 — Malaysia, as a middle power, can play its role in global supply chain security amid the United States-China tensions, particularly via its electrical and electronics and renewable energy (RE) sectors.