KUALA LUMPUR, Dec 26 — Further improvements in the supply chain and a reduction in global demand may help to keep inflation within the 2.5-3.0 per cent range next year, says Kenanga Research.

KUALA LUMPUR, Dec 26 — As they say, when the United States (US) sneezes, the world catches a cold.

KUALA LUMPUR, Dec 26 — The ringgit has continued to rise against the US dollar, opening higher on the first trading day of the last trading week for the year, although the ongoing long holiday season saw many investors on the sidelines, an analyst said.

KUALA LUMPUR, Dec 23 — The ringgit is expected to trade slightly higher against the US dollar next week and move between the RM4.62 and RM4.63 level amid subdued demand ahead of the Christmas and New Year breaks.

KUALA LUMPUR, Dec 22 — The ringgit got an early Christmas gift and bounced against the US dollar on Friday as a downward revision of third-quarter US economic growth and Malaysia’s lowest inflation rate in almost three years lifted the local note.

KUALA LUMPUR, Dec 22 — Malaysia’s domestic demand is set to stay on the expansionary path from the fourth quarter (4Q 2023) onward as the country’s inflation continues softening, said MIDF Research.

KUALA LUMPUR, Dec 22 — Malaysia's inflation rate continued to increase at a slower rate, falling to 1.5 per cent in November with the index points recorded at 130.9 against 129.0 in the same month of the previous year, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Dec 22 — Malaysia’s leading index (LI) contraction narrowed by 0.2 per cent year-on-year to 109.2 points in October 2023 from 109.4 points in October 2022, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Dec 21 — The ringgit closed marginally higher against the US dollar on Thursday amid positive sentiment in anticipation of global interest rate cuts next year.

KUALA LUMPUR, Dec 12 — Malaysia’s economic momentum is expected to steadily improve heading into next year, with gross domestic product (GDP) set to grow by 4.5 per cent to 5.5 per cent in 2024 from an estimated 4.0 per cent this year, according to RAM Rating Services Bhd (RAM Ratings).

KUALA LUMPUR, Dec 20 — Hong Leong Investment Bank (HLIB) Research expects staple products to remain stable in the first half of 2024 on the back of a steady unemployment rate, rising in-home consumption in light of living cost pressures and subsidy rationalisation, as well as spending caution with tightening of credit conditions.

KUALA LUMPUR, Dec 20 — The ringgit strengthened to open higher against the US dollar on Wednesday after the greenback retreated, as hopes for an interest rate cut beginning next year have surfaced, an analyst said.

KUALA LUMPUR, Dec 19 — Malaysia maintained its trade surplus in November 2023, valued at RM12.41 billion, making it the 43rd consecutive month of trade surplus since May 2020.

KUALA LUMPUR, Dec 19 — The ringgit opened marginally lower against the US dollar today as investors remain cautious while waiting for forward guidance amid global market volatility, said an analyst.

KUALA LUMPUR, Dec 18 — The ringgit closed lower against the US dollar today as risk sentiment remained fragile for the local note following higher US treasury yields and doubts on China’s economic outlook, said an analyst.

KUALA LUMPUR, Dec 18 — The sales tax on imported low-value goods (LVG) sold online, which will take effect on January 1 next year, is aimed at levelling the playing field for local businesses, according to the Finance Ministry (MOF).

KUALA LUMPUR, Dec 18 — The ringgit extended its uptrend to open marginally higher against the US dollar on Monday on follow-through positive sentiment after the US Federal Reserve (Fed) signalled an end to interest rate hikes last week, said an analyst.

KUALA LUMPUR, Dec 15 — The ringgit opened marginally lower today despite a falling US Dollar Index (DXY), as market expectation for an interest rate cut in 2024 supersedes statistical releases, including the better-than-expected US retail sales and initial jobless claims statistics, said an analyst.

KUALA LUMPUR, Dec 14 — The ringgit opened higher today as the US dollar Index (DXY) declined after the US Federal Reserve (Fed) provided a clear signal on its monetary stance for next year.

KUALA LUMPUR, Dec 12 — The ringgit ended marginally lower against the greenback on Tuesday ahead of US inflation data for November later tonight, said an analyst.