KUALA LUMPUR, June 12 — Kenanga Investment Bank Bhd has revised down Malaysia’s 2023 manufacturing index growth forecast to 2.4 per cent from 5.0 per cent previously (2022: 8.2 per cent), given the considerably lower-than-expected print in April and the subdued year-to-date performance.

KUALA LUMPUR, June 12 — The Finance Ministry is inviting members of the public to give their views and input on how to grow the country’s economy and, at the same time, actively play a role in helping to shape Malaysia's economic health.

KUALA LUMPUR, June 12 — The ringgit opened lower against the US dollar today on cautious sentiment ahead of the US Federal Open Market Committee (FOMC) meeting on June 13 and 14.

KUALA LUMPUR, June 11 — Deputy Prime Minister Datuk Seri Fadillah Yusof recently led a highly successful mission to meet key European Union (EU) lawmakers to seek solutions regarding the bloc’s unjust deforestation law, called the European Union Deforestation-free Regulation (EUDR), which could dampen the palm oil industry.

KUALA KANGSAR, June 10 — A proposal to raise the floor price of scrap rubber to at least RM3 per kilogramme will be brought to the Ministry of Finance (MOF) for due consideration, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KOTA BHARU, June 10 — The government’s effort to continue the subsidies and price control for chicken and eggs proves that the proactive measures taken are timely to help the people, said Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub.

KUALA LUMPUR, June 10 — The latest upgrade in global economic growth for this year bodes well for Malaysia and is set to contribute positively to the country’s trade performance, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, June 10 — The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) hopes the government will extend the stamp duty exemption period for property priced between RM500,001 and RM1 million to end-2025 from end-2023 when tabling Budget 2024.

KUALA LUMPUR, June 10 — Cautious market sentiment is expected to influence the ringgit’s movement versus the US dollar next week, with external factors remaining as the main culprit.

KUALA LUMPUR, June 9 — The ringgit extended its earlier recovery momentum towards the end of today’s trading and closed marginally higher against the US dollar as risk appetite improved, amid weaker greenback sentiment.

KUALA LUMPUR, June 9 — Prime Minister Datuk Seri Anwar Ibrahim has agreed the subsidies and price control for chicken and eggs continue will be maintained.

KUALA LUMPUR, June 9 — The Malaysian labour market is expected to strengthen further in 2023, underpinned by continuous upbeat momentum in the domestic economy and modest expansion in the external sector, according to MIDF Research.

KUALA LUMPUR, June 9 — Malaysia's Industrial Production Index (IPI), which consists of three sectors namely mining, manufacturing and electricity, contracted by 3.3 per cent in April 2023, weighed down by all sectors, against a positive 3.2 per cent recorded in the preceding month.

KUALA LUMPUR, June 9 — The manufacturing sector sales value declined by two per cent year-on-year (y-o-y) to RM145 billion in April 2023, the lowest since May 2020, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 9 — The ringgit staged a rebound this morning, opening higher against the US dollar as the greenback slipped on unexpected data print, an economist said.

KUALA LUMPUR, June 8 — Malaysian Resources Corporation Bhd’s (MRCB) wholly-owned subsidiary Puncak Wangi Sdn Bhd (PWSB) will enter into negotiations with Maybank Trustees Bhd (MTB) for the proposed disposal of 27-storey office tower Menara CelcomDigi in Section 52, Petaling Jaya, Selangor.

KUALA LUMPUR, June 8 — The ringgit would not hit the 5.0 level against the US dollar because Malaysia is not experiencing any form of crisis.

KUALA LUMPUR, June 8 — Macro policies such as the overnight policy rate (OPR) must be adjusted in line with the strengthening economy, said Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, June 8 — The ringgit took a dip against the US dollar at the opening today as traders anticipate global central banks’ move on interest rate hikes which appear to be far from over, an economist said.

KUALA LUMPUR, June 7 –The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the week starting June 8 to 14.