KUALA LUMPUR, July 10 — Malaysia’s natural rubber (NR) production increased by 6.8 per cent to 25,062 tonnes in May 2023 from 23,460 tonnes in April 2023, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 10 — Local institutional investors remained as net buyers on Bursa Malaysia last week, snapping up RM200.9 million worth of equities and marking their sixth consecutive week of net buying, according to MIDF Research.

KUALA LUMPUR, July 10 — The ringgit opened firmer against the US dollar this morning on the back of softer United States (US) nonfarm payroll (NFP), which has helped to stabilise the local note, said an analyst.

KUALA LUMPUR, July 9 — Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi has asked SME Corporation Malaysia (SME Corp) to seek more funds to help Micro, Small-and-Medium Enterprises (MSME) entrepreneurs promote their products in the international market.

PUTRAJAYA, July 9 — The Ministry of Domestic Trade and Cost of Living (KPDN) will take stern action against irresponsible parties, who switch the package or label of local rice and sell it in the market as imported rice to reap a huge profit.

GEORGE TOWN, July 9 — Malaysia is an attractive investment destination for multinational companies (MNCs) because of its outstanding advantages in the global manufacturing supply chain, said the Malaysian Investment Development Authority (Mida).

KUALA LUMPUR, July 9 — Bank Negara Malaysia (BNM) is still maintaining its forecast for the country's gross domestic product (GDP) growth this year at between 4.0 per cent and 5.0 per cent, said newly-appointed Governor Datuk Abdul Rasheed Ghaffour.

KUALA LUMPUR, July 9 — Malaysia must stay vigilant on inflation given that core inflation is still elevated at a higher-than-usual level, according to Bank Negara Malaysia (BNM) Governor Datuk Abdul Rasheed Ghaffour.

SEREMBAN, July 7 — Good governance and economic management can attract the interest and confidence of domestic and foreign investors to invest in the country, thus ensuring rapid economic growth, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, July 7 — Malaysian palm oil futures slipped today, tracking overnight losses in rival soy oil, as traders await key palm oil board data though the market is on course for a second weekly gain.

KUALA LUMPUR, July 7 — Perusahaan Otomobil Kedua Sdn Bhd’s (Perodua) production and sales for the first half of 2023 (H1 2023) have increased by 17 per cent and 13.6 per cent, respectively.

KUALA LUMPUR, July 7 — Research firms expects Bank Negara Malaysia (BNM) to keep the overnight policy rate (OPR) unchanged at 3.0 per cent for the rest of 2023.

KUALA LUMPUR, July 7 — Bursa Malaysia opened lower today following Wall Street’s negative performance overnight as traders expect a higher United States non-farm payrolls data for June, which will increase the possibility of the US Federal Reserve (Fed) hiking rates.

KUALA LUMPUR, July 6 — Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent today is in line with market expectations, according to MIDF Research.

KUALA LUMPUR, July 6 — The ringgit ended lower against the US dollar on Thursday after the greenback strengthened following the latest minutes from the Federal Reserve's (Fed) meeting indicating a possible interest rate hike in the United States (US).

KUALA LUMPUR, July 6 — The decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent is in line with the global economic development and the inflation rate in Malaysia which shows a declining trend and remains stable.

KUALA LUMPUR, July 6 — MIDF Research believes Bank Negara Malaysia (BNM) will consider another 25 basis points (bps) rate hike in the second half of 2023 (2H 2023) following the stronger-than-expected domestic economy.

KUALA LUMPUR, July 6 — OCBC Treasury Research expects Bank Negara Malaysia (BNM) to keep the Overnight Policy Rate (OPR) on hold for the rest of this year, after maintaining the rate status quo at 3.0 per cent today.

KUALA LUMPUR, July 6 — Economists have foreseen Malaysia's economic growth to moderate in the second half due to challenging external risks, reported Xinhua.

KUALA LUMPUR, July 6 — Bank Negara Malaysia (BNM) said keeping the overnight policy rate (OPR) level at 3.0 per cent is commensurate with the health of the economy, with financing remaining available amidst sustained credit growth.