KUALA LUMPUR, June 23 — The Leading Index (LI) for Malaysia declined further to negative 2.7 per cent, registering 108.4 points in April 2023 from 111.4 points in the preceding year, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 23 — The ringgit continued its downtrend to open lower against the US dollar on Friday after the greenback continued to strengthen on encouraging economic data, an economist said.

KUALA LUMPUR, June 22 — The United States Federal Reserve's (US Fed) chair Jerome Powell’s testimony before the House Financial Services Committee on combating US inflation and hints at raising interest rates has caused the ringgit to close lower against the US dollar today, marking its fourth consecutive day of decline.

PUTRAJAYA, June 22 — The two main sugar-producing companies in Malaysia, MSM Malaysia Holdings Bhd (MSM) and Central Sugars Refinery Sdn Bhd (CSR), have been instructed to provide daily sugar production reports since May to ensure there are no disruptions in the supply of the commodity in the country.

KUALA LUMPUR, June 22 — The international reserves of Bank Negara Malaysia (BNM) amounted to US$113 billion as at June 15, 2023, the central bank said.

KUALA LUMPUR, June 22 — The Malaysian palm oil industry is poised to capitalise on the vast opportunities offered by the Philippines, Vietnam, and Myanmar, following a two-day trade and networking session hosted by the Malaysian Palm Oil Council (MPOC) this week.

KUALA LUMPUR, June 22 — Malaysia’s total trade in services accounted for RM336.9 billion in 2022, contributing 18.8 per cent to the gross domestic product (GDP at current prices), said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 22 — The ringgit pared its losses to open flat against the US dollar today amid hawkish comments from the Federal Reserve (Fed) on a possible rate hike in the United States (US).

KUALA LUMPUR, June 21 — The ringgit ended lower against the US dollar for the third consecutive day today as global uncertainties continue to weigh on the local currency's performance, particularly in light of the US Federal Reserve (Fed) chairman Jerome Powell's expected hawkish bias in his congressional testimony later today and fading optimism about China's economy.

KUALA LUMPUR, June 21 — Banking and financial practitioners will discuss the issues, challenges and opportunities in effecting a just transition in this critical decade for climate action at the Malaysian Banking Conference (MBC) next week.

KUALA LUMPUR, June 21 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the June 22 to June 28 period, the Ministry of Finance (MOF) said.

PUTRAJAYA, June 21 — Industry players in Malaysia spent RM3.1 billion on environmental protection initiatives, recording 4.8 per cent growth in 2021 compared to RM2.97 billion in the previous year, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 21 — Malaysia jumped from 32nd to 27th in the 2023 IMD World Competitiveness Ranking (WCR), reflecting investor confidence and reaffirming the country’s commitment to current economic policies and strategic direction as the preferred destination for investment and trade.

KUALA LUMPUR, June 21 — The ringgit extended its downtrend to open lower against the US dollar in the early session today as investors continued to seek refuge in safe haven currencies on concerns over the global economic prospects, an economist said.

KUALA LUMPUR, June 20 — Malaysia’s global competitiveness ranking has improved by five notches to 27 from 32 last year, according to the World Competitiveness Ranking (WCR) 2023.

KUALA LUMPUR, June 20 — Malaysia's trade surplus rose 21.4 per cent year-on-year (y-o-y) to RM15.42 billion in May 2023, registering the 37th consecutive month of double-digit growth since May of 2020.

KUALA LUMPUR, June 20 — The Asean-Six economies, comprising Malaysia, Singapore, Thailand, Indonesia, Philippines and Vietnam, are expected to grow at 4.2 per cent in 2023, outpacing the projected global gross domestic product (GDP) growth of 2.0 per cent.

KUALA LUMPUR, June 20 — The ringgit extended its losses when it opened lower against the US dollar today amid weaker market sentiment on the local currency, an economist said.

KUALA LUMPUR, June 19 — SP Setia Bhd’s indirect wholly-owned subsidiary, Petaling Garden Sdn Bhd, has inked three inter-conditional sale and purchase agreements (SPAs) with Mah Sing Group Bhd’s wholly-owned subsidiaries for the disposal of approximately 202.34 hectares of freehold land in Semenyih, Selangor for RM392.04 million.

KUALA LUMPUR, June 19 — Malaysia’s air passenger traffic grew 123.6 per cent year-on-year (y-o-y) to 19.4 million passengers in the first quarter of 2023 (1Q 2023), said the Malaysian Aviation Commission (Mavcom).