KUALA LUMPUR, July 12 — Malaysia’s wholesale and retail trade recorded a monthly sales value of RM138.0 billion, growing 6.6 per cent year-on-year (y-o-y) in May 2023, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 12 — The manufacturing sector’s sales value has returned to positive, recording 3.3 per cent growth year-on-year to RM146.8 billion in May this year, bolstered by the strong growth in among others, transport equipment and other manufacturers, non-metallic mineral products and electric and electronics products, according to the Department of Statistics Malaysia.

KUALA LUMPUR, July 12 — BMI, a Fitch Solutions company, foresees Malaysia’s household spending to grow by 5.0 per cent year-on-year (y-o-y) in 2023 and will continue its steady growth towards 2024 as the economic recovery feeds through into strong real consumer spending growth.

KUALA LUMPUR, July 12 — The ringgit appreciated against the US dollar at the opening today, supported by rising oil prices and strong demand from China for Malaysia’s main commodities, particularly oil, said an analyst.

KUALA LUMPUR, July 11 — Growth stability is attributable to solid consumption and strong investment flows and Malaysia is one of the Asean countries driving regional growth, said an economist.

KUALA LUMPUR, July 11 — The ringgit closed higher against the US dollar as investors await more clues on the pace of inflation in the United States (US) from the Consumer Price Index (CPI) tomorrow.

KUALA LUMPUR, July 11 — The Payung Rahmah initiative carried out by the Ministry of Domestic Trade and Cost of Living (KPDN) has proven to be successful in stabilising inflation at a low level.

KUALA LUMPUR, July 11 — Malaysia’s economic growth is projected to hit 4.2 per cent in 2023, an expected moderation after registering a strong growth of 8.7 per cent last year, said the Asean+3 Macroeconomic Research Office (AMRO).

KUALA LUMPUR, July 11 — The government has given assurance that the prices of essential goods, especially subsidised items, will not see an extreme rise this year.

BENGALURU, July 11 — China’s Geely Automobile Holdings and French car maker Renault SA today said they will invest up to €7 billion (RM35.92 billion) in a new equally held joint venture (JV) to develop gasoline engines and hybrid technology for automobiles.

KUALA LUMPUR, July 11 — The price index per unit of steel decreased between 0.6 per cent and 2.3 per cent month-on-month in June 2023 for almost all areas of Peninsular Malaysia and Sabah, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 11 — Malaysian palm oil futures rose for a second session today, underpinned by improving export demand and a slower-than-anticipated rise in inventories.

KUALA LUMPUR, July 11 — The meeting between Prime Minister Datuk Seri Anwar Ibrahim and Tesla Inc chief executive officer Elon Musk will prompt a chain reaction in the nation’s journey towards becoming an electric vehicle (EV) hub in the region, an economist said.

KUALA LUMPUR, July 11 — The ringgit opened marginally higher against the US dollar as the greenback continued to trend lower due to markets’ expectation of a lower US Consumer Price Index (CPI) print set to be released tomorrow.

KUALA LUMPUR, July 10 — The ringgit was almost flat against the US dollar on Monday’s close on a lack of demand and declining oil prices.

KUALA LUMPUR, July 10 — The strengthening of Malaysia’s job market will further reinforce consumer consumption and support overall Gross Domestic Product (GDP) growth this year, said MIDF Research.

KUANTAN, July 10 — The Malaysian Cooperative Policy 2030 (DaKom 2030) which aims to create a holistic and conducive cooperative ecosystem is expected to be launched at the end of July, said Entrepreneur Development and Cooperative Minister Datuk Ewon Benedick.

KUALA LUMPUR, July 10 — Malaysia’s total palm oil stocks increased by 1.92 per cent to 1.72 million tonnes in June 2023, from 1.69 million tonnes in the preceding month.

KUALA LUMPUR, July 10 — The government will leave it to Bank Negara Malaysia (BNM) to decide whether exporting companies should be compelled to convert their export proceeds into ringgit, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, July 10 — Companies from the United States (US) have shown significant interest in exploring greenfield entries into Malaysia, said Deputy Finance Minister II Steven Sim Chee Keong.