KUALA LUMPUR, Oct 20 — MIDF Research has maintained Malaysia’s Consumer Price Index (CPI) forecast at three per cent for 2023 on softening inflationary pressure, even as the depreciated ringgit remains a downside risk factor for domestic food prices.

KUALA LUMPUR, Oct 20 — The Malaysian economy is expected to grow moderately at 3.3 per cent per the gross domestic product's (GDP) initial estimate for the third quarter of 2023 (Q3 2023) compared with 2.9 per cent in Q2 2023, according to the Economy Ministry.

KUALA LUMPUR, Oct 20 — An economist said the ringgit reversed its downtrend to end the week marginally higher against the US dollar, driven by positive macroeconomic data supporting the local currency.

KUALA LUMPUR, Oct 20 — Bank Negara Malaysia's (BNM) international reserves are US$108.9 billion (RM519.4 billion) as of October 13.

KUALA LUMPUR, Oct 20 — Malaysia’s inflation came down to 1.9 per cent in September, with the index points recorded at 130.8 from 128.3 in the same month of the previous year, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Oct 20 — RHB Research is positive about Malaysia’s gross domestic product (GDP), the ringgit, and the local bourse’s performance while seeing elevated consumer price index (CPI) price pressures following Budget 2024's tabling.

KUALA LUMPUR, Oct 20 — With no sign of de-escalation in the Middle East conflict, the ringgit came under pressure to open lower against the US dollar on Friday.

KUALA LUMPUR, Oct 19 — The ringgit is expected to range from 4.40 to 4.70 against the US dollar next year, supported by Budget 2024 initiatives, according to RHB Research.

KUALA LUMPUR, Oct 19 — An economist said the ringgit continued to trend lower against the US dollar for the fifth consecutive day on Thursday, as higher United States (US) Treasury yield weighed on the sentiment towards local currency.

WASHINGTON, Oct 19 — Business software maker SAP's cloud business revenue rose by 16 per cent in the third quarter on the back of its application services and Hana software, the company said on Wednesday.

KUALA LUMPUR, Oct 18 — An economist said the ringgit extended its downtrend to end lower against the US dollar today as investors remained cautious amid rising tension in the Gaza Strip.

KUALA LUMPUR, Oct 18 — RON97 and RON95 petrol and diesel retail prices remain unchanged at RM3.47, RM2.05, and RM2.15 per litre, respectively, for the October 19 to October 25 period.

SUBANG JAYA, Oct 18 — The Ministry of Investment, Trade, and Industry (Miti) is open to collaborating with financial institutions to explore ways to introduce net-zero financing options in Malaysia, in line with the New Industrial Master Plan 2030 (NIMP 2030).

KUALA LUMPUR, Oct 17 — An economist said the ringgit ended almost flat against the US dollar today as investors continued to favour the greenback amid geopolitical woes in the Middle East.

KUALA LUMPUR, Oct 17 — BMI Country Risk & Industry Research (BMI) has retained its forecast for Malaysia’s budget deficit as a share of gross domestic products (GDP) to fall from 4.9 per cent in 2023 to 4.3 per cent in 2024, in line with the government’s fiscal projections.

PUTRAJAYA, Oct 17 — The focus on reducing Budget 2024's fiscal deficit is aimed at boosting investor confidence and spurring economic growth, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, Oct 17 — MIDF Research has maintained a positive outlook on the consumer sector due to solid domestic retail growth in 2023 and 2024.

KUALA LUMPUR, Oct 16 — Malaysia’s sovereign rating is likely to be status quo for at least the next three to six months, said Maybank Investment Bank (Maybank IB).

KUALA LUMPUR, Oct 16 — The ringgit opened lower against the US dollar, extending its downtrend from last Friday as investors turned to the safe haven greenback amidst the escalation of the conflict in the Middle East.

KUALA LUMPUR, Oct 15 — The Electric Motorcycle Usage Incentive Scheme initiative announced in Budget 2024 is expected to increase the demand and usage of electric motorcycles (e-bikes) in Malaysia and is in line with the government’s target to achieve 15 per cent of electric vehicles (EV) for total motorcycle sales by 2030, said the Malaysia Automotive, Robotics and loT Institute (MARii).