PUTRAJAYA, Aug 2 — Malaysia has demonstrated commendable economic resilience, achieving a gross domestic product (GDP) growth of 3.6 per cent in 2023, said the Statistics Department.

KUALA LUMPUR, Aug 2 — The ringgit opens higher against the United States dollar today, continuing its 10-day rally as investors anticipate possible Federal Reserve (Fed) rate cuts next month.

KUALA LUMPUR, Aug 1 — The ringgit continued its strong stride today, hitting a near one-year high after strengthening against the US dollar for nine straight days.

KUALA LUMPUR, Aug 1 — Malaysia’s economy can grow stronger than 4.7 per cent in 2024, up from 3.6 per cent in 2023, driven by rising domestic spending, increased business activities, and a recovery in external trade, said MIDF Amanah Investment Bank Bhd.

KUALA LUMPUR, Aug 1 — The ringgit is expected to strengthen further as determined by market forces, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

KUALA LUMPUR, Aug 1 — Malaysia’s financial services achieved a 10.6 per cent combined annual growth from 2015 to 2022, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Aug 1 — The ringgit opened slightly higher today, extending its nine-day upward trajectory against the US dollar and lingering at an 11-month high.

KUALA LUMPUR, Aug 1 — The boycott movement on foreign businesses and products is not seen to have a significant impact on the national economy, the Ministry of Economy said.

KUALA LUMPUR, July 31 — Malaysia's micro, small, and medium enterprises (MSMEs) sector has scaled up as growth data indicates positive development, said Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick.

KUALA LUMPUR, July 31 — The retail prices for RON97 and RON95 petrol as well as diesel will remain unchanged at RM3.47, RM2.05, and RM3.35 per litre respectively, from August 1 to August 7.

KUALA LUMPUR, July 31 — The ringgit continued its uptrend today, closing at a near 11-month high of RM4.58 against the US dollar.

KUALA LUMPUR, July 31 — Outstanding business loans grew at a stronger rate of 5.6 per cent in June 2024 compared to 4.8 per cent in May, supported by both working capital and investment-related loans.

KUALA LUMPUR, July 31 — The Economic Census 2023 report has revealed that the manufacturing sector’s gross output value increased 7.5 per cent annually to RM1.89 trillion in 2022 compared to 2015, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 31 — Malaysia’s official reserve assets amounted to US$113.82 billion while other foreign currency assets stood at US$513.40 million as of the end of June, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, July 31 — The Retirement Fund Inc’s (KWAP) net income surged 36-times to RM9.7 billion for the financial year 2023 (FY2023) — its second highest figure since 2017 — compared to RM263 million in 2022.

KUALA LUMPUR, July 31 — The ringgit opened firmer against the US dollar, hitting the RM4.61 level for a fresh seven-month high, and economists anticipate a further strengthening as investors await the outcome of the Federal Open Market Committee’s (FOMC) two-day meeting later today.

KUALA LUMPUR, July 30 — The ringgit’s winning streak continued today for the seventh straight day amid greater confidence in the United States’ (US) rate cut decision.

KUALA LUMPUR, July 30 — The government will continue to strengthen the Madani Economy by taking into account the views and suggestions from all parties, especially to “raise the ceiling” by driving economic growth and “raise the floor” by improving the people’s quality of life.

KUALA LUMPUR, July 30 — Better guidelines for managing the country’s solar panel waste are expected to be ready by next year, said Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad.

KUALA LUMPUR, July 30 — More than 667 Net Energy Metering (NEM) Rakyat consumers have installed solar photovoltaic (PV) systems and received Solar For Rakyat Incentive Scheme (Solaris) rebates since the scheme kicked off on April 1.