KUALA LUMPUR, March 27 — The ringgit retreated versus the US dollar in early trade today as risk-off mood emerged ahead of the US Personal Consumption Expenditures (PCE) price index data — the Federal Open Market Committee’s preferred inflation gauge — on Friday.

KUALA LUMPUR, March 26 — The ringgit continued its upward momentum to close higher against the US dollar today as traders trimmed their positions on the greenback ahead of the US Personal Consumption Expenditures (PCE) Price Index, scheduled for this Friday (March 29).

KUALA LUMPUR, March 26 — The government will implement the transformation of government-linked companies (GLCs) and government-linked investment companies (GLICs) including boosting strategic domestic investments and strengthening governance, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, March 26 — The government is committed to developing the semiconductor industry, which is now a strategic income source for the country, said Investment, Trade, and Industry (Miti) Deputy Minister Liew Chin Tong.

KUALA LUMPUR, March 26 — The recent official visits to Australia and Germany have opened doors for potential export sales of Malaysian products, in addition to bringing positive results with investment potentials, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, March 26 — Malaysia's overnight policy rate (OPR) is expected to hold steady at 3.0 per cent throughout 2024, said Public Investment Bank (PIVB) Research.

KUALA LUMPUR, March 26 — The ringgit extended gains to open higher on Tuesday morning as the US dollar dipped after China’s central bank intervened to support the yuan.

KUALA LUMPUR, March 25 — The ringgit is in a good position to strengthen in 2024, propelled by structural reforms and positive growth prospects, said Bank Negara Malaysia (BNM) deputy governor Datuk Marzunisham Omar.

KUALA LUMPUR, March 25 — Equity fundraisings continued to register a higher number with 22 equity applications submitted to the Securities Commission in 2023 versus 20 applications in 2022, said the Securities Commission Malaysia (SC).

KUALA LUMPUR, March 25 — The Securities Commission Malaysia (SC) has approved 18 equity applications, of which seven were for initial public offering (IPO) on the Main Market of Bursa Malaysia with a total market capitalisation of RM9.04 billion in 2023.

KUALA LUMPUR, March 25 — Malaysia’s inflation increased by 1.8 per cent in February 2024, with the index points recorded at 132.1 against 129.8 a year earlier, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, March 24 — Asia Digital Engineering (ADE) is well positioned for substantial growth in the coming years as plans are underway to establish a new maintenance, repair and overhaul (MRO) hangar facility at the Kuala Lumpur International Airport (KLIA), its chief executive officer (CEO) Mahesh Kumar said.

KUALA LUMPUR, March 23 — The ringgit is expected to trade in a narrow range of 4.73 to 4.74 against the US dollar next week, with technical analysis suggesting the US$/MYR to be in the neutral zone.

KUALA LUMPUR, March 21 — The Federal Territories Islamic Religious Council (MAIWP) today presented cash donations to 1,500 patients at Kuala Lumpur Hospital (HKL) and Tunku Azizah Hospital, involving an allocation of RM225,000.

KUALA LUMPUR, March 21 — The ringgit opened higher against the US dollar on Thursday after the US Federal Open Market Committee (FOMC) opted to keep the Federal Funds Rate (FFR) steady at 5.50 per cent, which further strengthens the local note.

KUALA LUMPUR, March 20 — The ringgit traded in a tight range today but closed marginally higher as investors awaited interest rate outlook projections from the current US Federal Reserve (US Fed) meeting, which concludes later tonight.

KUALA LUMPUR, March 20 — The move to repatriate foreign earnings by the government-linked companies (GLC) and government-linked investment companies (GLIC) in response to Bank Negara Malaysia's (BNM) call to relieve pressure on the ringgit has paid off, said its governor Datuk Abdul Rasheed Ghaffour.

KUALA LUMPUR, March 19 — Additional aid and subsidies from a RM23 billion additional amount presented via the Supplementary Supply Bill (2023) 2024 is indicative of the government’s commitment to helping the people cope with rising living costs, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

KUALA LUMPUR, March 19 — The ringgit continued its downtrend today to end lower against the greenback for the third consecutive day ahead of a decision on US interest rates tomorrow, as Japan made its first rate hike in 17 years.

KUALA LUMPUR, March 19 — The oil palm industry is facing problems or is being affected after the government froze the hiring quota of foreign workers due to the surplus of foreign workers, which actually applies to the manufacturing and service sectors.