KUALA LUMPUR, July 6 — The government is committed to driving the oil palm industry’s sustainability and capping the size of oil palm cultivation areas in the country, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, July 6 — Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided during today’s meeting to maintain the Overnight Policy Rate (OPR) at 3.00 per cent.

KUALA LUMPUR, July 6 — Malaysia’s e-commerce income by establishment rose 10.4 per cent year-on-year (y-o-y) to RM291.7 billion in the first quarter (1Q) of 2023, primarily driven by the manufacturing and services sectors, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 6 — The ringgit is far more sensitive to the movement of commodity prices than its Asian peers, said Employees Provident Fund chief strategy officer Nurhisham Hussein.

KUALA LUMPUR, July 6 — The ringgit opened lower against the US dollar this morning as the greenback strengthened following the US Federal Open Market Committee (FOMC) minutes which showed that the Federal Reserve (Fed) is committed to raising interest rates after the pause in June, said an economist.

KUALA LUMPUR, July 5 — The ringgit trimmed earlier gains to end almost flat against the US dollar on Wednesday amid cautious sentiment ahead of Bank Negara Malaysia's (BNM) decision on the overnight policy rate (OPR), due on Thursday (July 6).

KUALA LUMPUR, June 5 — The ringgit opened higher against the US dollar and other major currencies this morning, in anticipation of Bank Negara Malaysia's (BNM) decision on the overnight policy rate (OPR).

KUALA LUMPUR, July 4 — The government will discuss the current state of the national economic development at the next National Economic Action Council (MTEN) meeting on Monday (July 10).

KUALA LUMPUR, July 4 — Analysts foresee Malaysia's oil and gas sector to remain resilient in the second half of 2023, underpinned by steady oil prices.

KUALA LUMPUR, July 4 — OCBC Bank expects Bank Negara Malaysia (BNM) to keep its overnight policy rate (OPR) unchanged at three per cent at the Monetary Policy Committee (MPC) meeting on Thursday (July 6), amid slowing growth momentum and easing inflationary pressures.

KUALA LUMPUR, July 4 — Malaysian economists said the potential influx of Chinese tourists will boost the local sector, reported Xinhua.

KUALA LUMPUR, July 4 — Malaysia’s air passenger traffic recovery is expected to gather pace in the second half (H2) of 2023 to reach 85 per cent of the pre-pandemic levels for the full year, said MIDF Research.

KUALA LUMPUR, July 4 — Malaysia's central bank will leave its key interest rate unchanged at 3.00 per cent on Thursday (July 6), and keep it there for the rest of the year, marking the end of its modest tightening cycle as inflation has shown signs of cooling, a Reuters poll found.

KUALA LUMPUR, July 4 — A total of seven out of 10 Malaysian consumers are now actively using contactless card payments system as part of the effort towards becoming a cashless society, said the global leader in digital payment, Visa Inc.

KUALA LUMPUR, July 4 — The ringgit opened slightly higher against the US dollar on Tuesday after the release of the United States (US) ISM manufacturing purchasing managers' index which came in lower than expected at 46.0 points in June, said an economist.

KUALA LUMPUR, July 3 — The ringgit ended almost unchanged against the US dollar on Monday, amid growing concerns of a global economic slowdown, an economist said.

PUTRAJAYA, July 3 — Efforts to strengthen the value of the ringgit should involve several government ministries and not solely depend on the Finance Ministry alone, said Deputy Finance Minister Datuk Seri Ahmad Maslan.

KUALA LUMPUR, July 3 — The ringgit continues its upward momentum to open marginally higher against the US dollar on Monday as the local note seemed to have been stabilised by the Bank Negara Malaysia’s (BNM) intervention, said an analyst.

KUALA LUMPUR, June 30 – The ringgit opened lower this morning against the US dollar as the greenback strengthened on the back of strong US economic data, increasing the likelihood that US interest rates will stay higher for longer.

KUALA LUMPUR, June 28 — The ringgit ended lower today due to strong US economic data overnight that saw the broader dollar clawing back some gains, said an analyst.