KUALA LUMPUR, June 17 — The ringgit is likely to stay at the current level against the US dollar, at 4.60 to 4.61, as monetary policy action will continue to take centre stage with a series of US Federal Reserve (Fed) officials sharing their thoughts with the public.

KUALA LUMPUR, June 17 — The number of unclaimed monies (UM) being reclaimed as of May 31 this year totals RM3.4 billion, according to the Finance Ministry (MoF).

KUALA LUMPUR, June 16 — The ringgit was higher against the US dollar at the close today following the US Federal Reserve’s (Fed) unaggressive stance on interest rate hikes, as well as the prospect of fiscal spending in China to stimulate consumer spending, said an analyst.

KUALA LUMPUR, June 16 — Top Glove Corp Bhd believes that a return to the black is unlikely to happen in the last quarter of its 2023 financial year (FY2023) despite an improved outlook projected for average selling prices (ASPs) of its gloves and declining lower natural gas prices as well as raw materials.

KUALA LUMPUR, June 16 — Domestic direct investment (DDI) remained equally important to the Ministry of Investment, Trade and Industry (Miti) despite the focus on foreign direct investment (FDI) which has been recovering since the Covid-19 pandemic.

KUALA LUMPUR, June 16 — Malaysia’s net inflows of foreign investment surged to RM74.6 billion in 2022 from RM50.4 billion in 2021, while investment abroad tripled to RM58.6 billion from RM19.4 billion.

KUALA LUMPUR, June 16 — Top Glove Corp Bhd has reported a net loss of RM130.59 million in the third quarter (3Q) ended March 31, 2023, compared with net profit of RM15.29 million registered in the corresponding period a year ago.

KUALA LUMPUR, June 16 — The ringgit opened higher against the US dollar this morning despite the prevailing cautious sentiments surrounding China's economic growth.

KUALA LUMPUR, June 15 — The ringgit continued to open lower versus the the US dollar today on subdued demand despite the US Federal Reserve (Fed) leaving its benchmark rate at 5.25 per cent during the Federal Open Market Committee meeting last night.

KUALA LUMPUR, June 14 – The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the week starting June 15 to 21.

PETALING JAYA, June 14 – The Economy Ministry is expecting the procurement of the remaining 4,900 vending machines targeted this year under the People's Income Initiative (IPR) programme will be completed within two months from now.

KUALA LUMPUR, June 14 — The ringgit opened marginally lower against the US dollar today due to the lack of demand despite the lower US dollar index (DXY), said an analyst.

KUALA LUMPUR, June 13 — The ringgit ended slightly higher against the US dollar on Tuesday ahead of the release of the US consumer price index for May later today.

M'sia, Vietnam set US$18 bln trade target by 2025 HO CHI MINH CITY, June 13 — Vietnam and Malaysia have set a bilateral trade target of US$18 billion by 2025. Speaking at a meeting on June 12, Tran Phu Lu, deputy director of Ho Chi Minh (HCM) City Investment and Trade Promotion Center (ITPC),...

SHAH ALAM, June 13 — The Employees' Provident Fund (EPF) is aiming for the group's investment income to improve in the second quarter of 2023 (2Q 2023), given the improvement and stability in the global and domestic economy.

KUALA LUMPUR, June 13 — Sapura Energy Bhd has been granted an extension of up to Nov 30, 2023, to submit its Practice Note 17 (PN17) regularisation plan to the relevant regulatory authorities.

KUALA LUMPUR, June 12 — The Overnight Policy Rate (OPR) is likely nearing its optimal level based on historical factors where the rate hovered between three per cent and 3.25 per cent, an economist said.

KUALA LUMPUR, June 12 — The ringgit extended its weak momentum towards the end of today’s trading to close lower against the US dollar.

KUALA LUMPUR, June 12 — Malaysia’s total trade surged by 27.8 per cent to RM2.8 trillion in 2022 versus RM2.2 trillion the year before, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 12 — The Ministry of Investment, Trade and Industry (Miti) will ensure that investments and exports continue to support the 2023 Gross Domestic Product (GDP) growth target of 4.0 to 5.0 per cent.