KUALA LUMPUR, May 25 — The ringgit depreciated further against the US dollar, hitting a six-month low, and is currently trading near its resistance level of 4.6257, alongside other regional currencies impacted by the US debt ceiling debacle, said Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR, May 25 — The demand for Malaysian palm oil is expected to improve this year propped up by the hot weather, pushing up the price to between RM3,800 to RM4,000 per tonne, the Malaysian Palm Oil Board (MPOB) said.

KUALA LUMPUR, May 25 — Public Bank Bhd’s net profit rose to RM1.71 billion in the first quarter ended March 31, 2023 (1Q FY2023) from RM1.40 billion in the same period last year in the absence of prosperity tax.

KUALA LUMPUR, May 25 — Malaysia’s leading index (LI) decreased by 1.2 per cent to 110.1 points in March 2023, from 111.4 points in March 2022, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 25 — The ringgit extended its downtrend against the US dollar this morning, breaching the 4.6 level as the greenback continued to strengthen on the expectation of an interest rate hike in the United States (US).

KUALA LUMPUR, May 24 — The ringgit depreciated further against the US dollar and other currencies due to looming concerns over the global financial sector’s health as well as potential global recession, US debt ceiling risks, an impending decline in energy demand in the West, and a deflationary stagnation in China.

KUALA LUMPUR, May 24 — The Federation of Malaysian Manufacturers (FMM) has urged the government to address the fragmentation and duplication of programmes and initiatives to support its fiscal consolidation initiatives aimed at reducing the fiscal deficit.

KUALA LUMPUR, May 24 — The retail prices of RON97 and RON95 petrol as well as diesel will be unchanged for the May 25 to May 31 period, the Finance Ministry (MOF) said.

KUALA LUMPUR, May 24 — All memoranda of understanding (MoUs) signed between Malaysian and Chinese companies recently would be evaluated in a transparent and comprehensive manner by the MoU Evaluation Committee, whose members are from several ministries and investment-related agencies.

KUALA LUMPUR, May 24 — Malaysia’s business outlook is seen to remain positive in the next six months from April to September 2023, with a net balance of +14.9 per cent from +12.1 per cent recorded previously, said the Department of Statistics Malaysia's (DOSM).

KUALA LUMPUR, May 24 — The government does not propose to raise the activation pricing level (PHP) of the rubber production incentive (IPG) for the time being following the increase already made in Budget 2023.

KUALA LUMPUR, May 24 — The ringgit opened lower against the US dollar as the greenback stayed firm, driven by a jump in US Treasury yield amid uncertainties surrounding the United States (US) debt ceiling talks, said an analyst.

KUALA LUMPUR, May 23 – The government will implement the Festive Season Maximum Price Scheme (SHMMP) for the Kaamatan Festival and Gawai Day 2023 involving eight items for the period from May 27 to June 2 for the Kaamatan Festival and May 29 to June 4 (Gawai Day).

GEORGE TOWN, May 23 – The government plans to further strengthen Malaysia's semiconductor ecosystem in the hope of achieving a 15 per cent market share in the semiconductor assembly, test and packaging activities by 2030, compared with 13 per cent currently.

LANGKAWI, May 23 — The Ministry of Investment, Trade and Industry (Miti) said Malaysia will venture into aerospace-grade material production for the global market as well as becoming a critical supplier of sustainable aviation fuel (SAF) in the long run.

KUALA LUMPUR, May 23 — The ringgit opened marginally lower against the US dollar on better demand for the greenback on the expected increase of the US bond yields, said an analyst.

KUALA LUMPUR, – Even though the country is facing a crisis with the two largest sugar manufacturers, namely Central Sugar Refinery Sdn Bhd (CSR) and MSM Malaysia Holdings Bhd (MSM), the government has still not raised the price of sugar as of today.

LANGKAWI, May 22 – The Langkawi International Maritime and Aerospace Exhibition 2023 (LIMA '23) which will take place tomorrow until May 27 is expected to be able to generate business pledges of up to RM18 billion.

KUALA LUMPUR, May 22 –  According to the Ministry of Investment, Trade and Industry (Miti), an estimated 157,760 job opportunities were generated from approved and realised foreign direct investment (FDI) projects from 2017 to 2022.

KUALA LUMPUR, May 22 – The international reserves of Bank Negara Malaysia (BNM) has widened to US$114.7 billion (US$1=RM4.53) as at May 15, 2023, from US$114.4 billion as at April 28, 2023.