KUALA LUMPUR, July 27 — Malaysia’s total trade for June 2023 amounted to RM222.1 billion (May 2023: RM223.8 billion) with exports and imports recorded RM124.0 billion and RM98.2 billion, respectively, the Statistics Department Malaysia (DOSM) said.

KUALA LUMPUR, July 27 — Malaysia’s Producer Price Index (PPI) decreased further by -4.8 per cent year-on-year (y-o-y) in June 2023 against -4.6 per cent in May, the Department of Statistics Malaysia (DOSM) reported today.

KUALA LUMPUR, July 27 — The US Federal Reserve (Fed) is nearing the end of its tightening cycle after it raised the Fed funds rate (FFR) by an additional 25 basis points (bps) to a range of 5.25 per cent to 5.50 per cent, the highest in 22 years, MIDF Research said.

KUALA LUMPUR, July 27 — Bank Negara Malaysia (BNM) and the Securities Commission (SC) have been taking steps to ensure the sustainability and effectiveness of the Islamic finance system by raising the standards to not only halal but also halalan thoyyiban (lawful and good).

KUALA LUMPUR, July 27 — The ringgit opened on a strong note against the US dollar as well as several major Asian and non-Asian currencies today, while the greenback weakened after the United States (US) Federal Reserve (Fed) raised its key interest rates to a 22-year high.

KUALA LUMPUR, July 26 — The ringgit continued to strengthen against the US dollar at the close today, lifted by the positive report by the International Monetary Fund (IMF) that has raised its global economic growth forecast for 2023, said an analyst.

KUALA LUMPUR, July 26 — Malaysia - Taiwan bilateral trade grew 36.2 per cent to a total of US$36.6 billion (RM166.8 billion) in 2022 supported by global supply chain demand.

KUALA LUMPUR, July 26 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the July 27 to August 2 period.

KUALA LUMPUR, July 26 — Prime Minister Datuk Seri Anwar Ibrahim is set to launch "Madani Economy: Empowering the People" which will steer the economy to safeguard the country’s future.

KUALA LUMPUR, July 26 — The ringgit opened higher against the US dollar today as demand for the local currency improved amid mixed market sentiment.

KUALA LUMPUR, July 25 — The ringgit rebounded against the US dollar at the close today after five consecutive days of depreciation, following the People's Bank of China's move to fix the Chinese yuan stronger, while prospects of more policy stimulus in China bodes well for exporters like Malaysia.

KUALA LUMPUR, July 25 — The continued confidence shown by German chipmaker Infineon Technologies AG in Malaysia’s investment ecosystem reflects the country’s importance in the global semiconductor supply sector, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, July 25 — MIDF Research anticipates the government will cut retail fuel prices, particularly RON95 and diesel, to ensure price stability and ease living cost pressures in Malaysia.

TANGERANG, July 25 — Indonesia’s Pertamina and Malaysia’s Petronas signed an agreement with Shell today to buy its 35% stake in the Masela natural gas fields for up to US$650 million (RM2.97 billion), moving the project forward after years of delay.

KUALA LUMPUR, July 24 — MIDF Amanah Investment Bank Bhd (MIDF Research) expects the government to keep retail fuel prices status quo at least until the end of 2023, subsequently reducing overall inflationary pressure moving forward.

KUALA LUMPUR, July 24 — The ringgit continued its downtrend to end lower against the US dollar today for the fifth consecutive day on cautious sentiment as the Federal Reserve is likely to raise the Fed Fund Rate by 25 basis points this week, said an analyst.

KUALA LUMPUR, July 24 — The international reserves of Bank Negara Malaysia (BNM) increased to US$111.8 billion as of July 14, 2023, compared with US$111.4 billion on June 30, 2023.

KUALA LUMPUR, July 24 — Malaysia’s Consumer Price Index (CPI) continued to ease in June to 2.4 per cent, the lowest level recorded so far in 2023, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 24 — Malaysian companies achieved potential sales worth US$38.4 million (RM175.81 million) at the Semicon West 2023, held in San Francisco, the United States (US) recently, said the Malaysia External Trade Development Corporation (Matrade).

KUALA LUMPUR, July 24 — Foreign investors extended their buying spree on Bursa Malaysia last week, albeit at a much lower rate at RM179.0 million compared with RM570.9 million a week earlier, said MIDF Research.