KUALA LUMPUR, June 21 — The ringgit opened lower against the US dollar today as investors remained in favour of the safe haven currency amid a cautious global economic outlook, an economist said.

KUALA LUMPUR, June 20 — The ringgit retreated from its gains yesterday to end lower against the US dollar on Thursday on improved sentiment for the greenback amid a global interest rate outlook that points to rate cuts, an economist said.

KUALA LUMPUR, June 20 — Malaysia’s encouraging trade numbers promise continued recovery in external demand, thereby supporting faster economic growth for Malaysia this year, said MIDF Research.

KUALA LUMPUR, June 20 — RHB Investment Bank Bhd has upheld its projection for Malaysia’s gross domestic product (GDP) growth and inflation rate in 2024, forecasting 4.6 per cent year-on-year (y-o-y) and 3.3 per cent y-o-y, respectively.

KUALA LUMPUR, June 20 — The Investment, Trade and Industry Ministry (Miti) facilitated the exchange of 11 memoranda of understanding (MoUs) between Malaysian and Chinese entities with a total potential investment of RM13.2 billion.

KUALA LUMPUR, June 20 — The benefits of major foreign investment in the country must be reflected in programmes for the people, said Communications Minister Fahmi Fadzil.

KUALA LUMPUR, June 20 — The government has reaffirmed its commitment to net-zero emissions by 2050 as well as increasing the share of renewable energy in power installed capacity from 25 to 70 per cent, said Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad.

KUALA LUMPUR, June 20 — Malaysia’s trade stayed resilient and buoyant in May 2024, recording a double-digit year-on-year (y-o-y) growth of 10.3 per cent to RM246.31 billion, said the Investment, Trade and Industry Ministry (Miti).

KUALA LUMPUR, June 20 — Malaysia aims to amplify Asean’s unity and prosperity at World Expo 2025 in Osaka, Japan, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, June 20 — Three Malaysia-China economic collaborations will bolster supply chain resilience, boost trade expansion in the services sector, and attract high-quality investments, said Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz.

KUALA LUMPUR, June 20 — Malaysia is confident of securing RM13 billion in potential investment and export value at the World Expo 2025 in Osaka, said Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz.

KUALA LUMPUR, June 19 — The ringgit continued to close higher versus the US dollar as the greenback faced downward pressure due to soft retail sales data in the United States (US), said an analyst.

PUTRAJAYA, June 19 — The Inland Revenue Board (LHDN) has identified several individuals and companies engaged in cryptocurrency trading as part of efforts to curb tax revenue leakage and enhance national tax administration Its chief executive officer Datuk Abu Tariq Jamaluddin said the high...

KUALA LUMPUR, June 19 — The ringgit extended its gains to open higher against the US dollar in early trade today, as the greenback slipped amid growing anticipation of a global interest rate cut this year, an economist said.

KUALA LUMPUR, June 18 — The ringgit was higher against the American dollar at the close on Tuesday ahead of fresh US economic data later tonight.

KUALA LUMPUR, June 18 — The ringgit moved higher against the US dollar in early trade today as investors maintained their cautious stance while awaiting fresh economic data and insights on global economic outlook.

KUALA LUMPUR, June 18 — Bursa Malaysia started this week on a positive note on bargain hunting following a consolidation mode in the last couple of sessions, an analyst said.

KUALA LUMPUR, June 17 — The government needs to craft a communication strategy so that the message on fuel subsidy rationalisation is fully understood by all Malaysians.

KUALA LUMPUR, June 17 — Prime Minister Datuk Seri Anwar Ibrahim said the government still pays around RM7 billion in diesel subsidies in Peninsular Malaysia.

KUALA LUMPUR, June 17 — The government has decided to reduce the retail prices of Grade A, B, and C eggs by three sen each across the country in line with efforts to pass on the savings from targeted subsidies to the people.