KUALA LUMPUR, Aug 11 — Malaysia is expected to maintain its growth trajectory in the second quarter (Q2 2023), albeit at a moderate rate of between 2.9 per cent and 4.2 per cent as high base effect kicks in, said banks and research houses.

KUALA LUMPUR, Aug 10 — The ringgit ended marginally higher against the US dollar today, taking the cue from the Chinese yuan which rose sharply on more support from the People’s Bank of China.

KUALA LUMPUR, Aug 10 —Malaysia’s labour market is expected to strengthen further in 2023 and 2024, backed by the positive impetuses in the domestic economy, MIDF Research said.

PUTRAJAYA, Aug 10 — Malaysia's unemployment rate declined 0.1 percentage points to 3.4 per cent in June 2023 from 3.5 per cent recorded in the previous month, according to the Statistics of the Labour Force, June and second quarter 2023 released by the Department of Statistics Malaysia (DoSM) today.

KUALA LUMPUR, Aug 10 — The Communications and Digital Ministry has called on the small and medium enterprises (SMEs) in the country to use local advertising platforms to market their products.

KUALA LUMPUR, Aug 10 —Eco World Development Group Bhd’s wholly owned subsidiary Eco World Capital Bhd has issued its second tranche of the rated sukuk wakalah amounting to RM550 million with a tenure of five years.

SKANDAR PUTERI, Aug 10  — The Investment, Trade and Industry Ministry  and the agencies under it have not yet held a discussion on the proposed investment involving Saudi Aramco in Kemaman, Terengganu.

ISKANDAR PUTERI, Aug 10 — Malaysia’s data centre-related investments has increased exponentially from 2021 to March 2023, with investments totalling RM76 billion, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

KUALA LUMPUR, Aug 10 — Prime Minister Datuk Seri Anwar Ibrahim has directed members of the Cabinet to conduct engagement sessions on Budget 2024 from mid-August to mid-September, said Deputy Finance Minister 1, Datuk Seri Ahmad Maslan.

KUALA LUMPUR, Aug 10 — Malaysia's productivity growth in 2023 is expected to be moderate at 3 percent “amid continuous challenges in domestic and global economies,” said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, Aug 10 —The ringgit opened almost flat against the US dollar today, ahead of the  United States Consumer Price Index (CPI) data for July set to be released today.

KUALA LUMPUR, Aug 10  — The Economy Ministry should lead the Madani Economy, the latest economic framework in designing the policies and have coordination with the relevant ministries that will implement them.

KUALA LUMPUR, Aug 9 — MIDF Research has maintained its forecast on Malaysia’s retail trade growth at 15.3 per cent in 2023, as domestic demand continues its upbeat momentum.

KUALA LUMPUR, Aug 9 — The ringgit rebounded to close higher against the US dollar today, as improved risk sentiment weighed on the safe haven currency.

KUALA LUMPUR, Aug 9 — The retail prices of RON97, RON95, and diesel will remain unchanged for the August 10 to August 16 period.

BANGI, Aug 9 — The government must institutionalise the Madani Economy initiative immediately so that the implementation of each target and development programme can be realised simultaneously and quickly.

KUALA LUMPUR, Aug 9 (Bernama) -- Bursa Malaysia Bhd has encouraged financial institutions to begin exploring the possibility of listing their Islamic banking subsidiaries despite inadequate syariah-compliant equity instruments in the financial service sector.

KUALA LUMPUR, Aug 9 -- The government should start to have more comprehensive indicators for Tekun Nasional on its impact and output rather than input and the process of the funding initiative, said Putra Business School Associate Professor Dr Ahmed Razman Abdul Latif.

KUALA LUMPUR, Aug 9 — The ringgit opened lower against the US dollar in early trade today as most traders refrained from making significant moves due to the upcoming elections in six states in Malaysia this week.

KUALA LUMPUR, Aug 8 — MIDF Research has maintained Malaysia’s Industrial Production Index (IPI) growth estimate this year at 2.2 per cent versus 6.7 per cent in 2022, as it expects production and overall economic growth to moderate.