KUALA LUMPUR, Nov 6 — The ringgit opened on a strong note against the US dollar as the US interest rate hike cycle is deemed to be ended for the year, easing risk sentiment, said an analyst.

KUALA LUMPUR, Nov 5 — Stock market investors will be watching out for some local economic data to be released in the coming week, including the Service Producer Index for the third quarter of 2023 and Industrial Production Index for September, according to an analyst.

KUALA LUMPUR, Nov 4 — The ringgit’s value versus the US dollar should not be used as the sole gauge of the state of the economy, said Deputy Finance Minister I Datuk Seri Ahmad Maslan.

KUALA LUMPUR, Nov 4 — The ringgit is expected to strengthen further next week between the range of RM4.72 and RM4.73 against the US dollar, said Bank Muamalat Malaysia Bhd's chief economist and head of social finance Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR, Nov 3 — The ringgit ended the week on Friday by extending substantial gains against the greenback as a pause in the United States' (US) interest rates continued to lift sentiment, analysts said.

KUALA LUMPUR, Nov 3 — The Ministry of Investment, Trade and Industry (Miti) expects foreign direct investment (FDI) from Japan to exceed RM30 billion this year, buoyed by continuous support from Japanese companies.

KUALA LUMPUR, Nov 3 — The ringgit opened marginally higher against the US dollar on the last trading day of the week, as several major central banks took a break from raising interest rates this week.

KUALA LUMPUR, Nov 2 — The retargeting of the diesel subsidy in phases will only be carried out in the Peninsular, Prime Minister Datuk Seri Anwar Ibrahim said.

KUALA LUMPUR, Nov 2 — Bank Negara Malaysia’s (BNM) decision to hold the Overnight Policy Rate (OPR) at 3.0 per cent in its last Monetary Policy Meeting (MPC) for this year aligns with consensus expectations and will help to build market confidence, according to economists.

KUALA LUMPUR, Nov 2 — The ringgit closed higher against the greenback on Thursday, rebounding after two days of decline, as Bank Negara Malaysia (BNM) kept the overnight policy rate (OPR) at three per cent.

KUALA LUMPUR, Nov 1 — The ringgit ended lower against the greenback on Wednesday as investors awaited the US Federal Reserve’s (Fed) decision later tonight on the country’s interest rate.

KUALA LUMPUR, Nov 1 — A flexible ringgit exchange rate is crucial in absorbing external shocks and reducing the impact on the domestic economy in the current uncertain global market conditions, said Deputy Finance Minister II Steven Sim Chee Keong.

KUALA LUMPUR, Nov 1 — The government does not intend to peg the ringgit and impose foreign exchange (forex) controls as Malaysia did during the Asian financial crisis in 1998, since it is unsuitable for dealing with current challenges, said Deputy Finance Minister II Steven Sim Chee Keong.

KUALA LUMPUR, Oct 31 —  MYAirline Sdn Bhd today said that it has received over 15 proposals from potential investors, two of whom are in the advanced stages of negotiations.

KUALA LUMPUR, Oct 31 — The ringgit opened higher against the greenback ahead of a two-day US Federal Reserve (Fed) meeting starting today where the American central bank is widely expected to stand pat on interest rates.

KUALA LUMPUR, Oct 30 — The ringgit opened higher against the US dollar and other major currencies on the first day of trading for the week.

KUALA LUMPUR, Oct 28 — The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trend higher towards the 1,450 level next week on the back of higher Malaysian producer price index (PPI) data in September.

KUALA LUMPUR, Oct 28 — The outlook for ringgit next week is expected to be neutral to bullish on improving sentiment anticipation following major central banks’ decisions.

KUALA LUMPUR, Oct 27 — The ringgit settled higher against the US dollar on Friday after a fall in the US 10-year treasury yield, which provided hope of easing inflation.

KUALA LUMPUR, Oct 27 — Malaysian Rating Corporation Bhd (MARC Ratings) foresees the Brent oil prices to remain elevated to hover around US$85 to US$95 for the remainder of 2023 and within the range of US$80 to US$100 per barrel in 2024.