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.

KUALA LUMPUR, May 22 – Political stability as well as economic policies that are clear and encouraging to investors have led to stronger investments in various economic sectors in the first quarter (1Q) of 2023, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, May 22 — The ringgit opened slightly higher against the US dollar this morning, although the greenback had strengthened as investors focused on the resolution of the United States (US) debt ceiling negotiations this week.

KUALA LUMPUR, May 20 — The ringgit is expected to trade in a tight range with a downward bias against the US dollar next week as investors remain cautious in view of the global economic uncertainty, an analyst said.

KUALA LUMPUR, May 19 — The government is committed to improving and strengthening Malaysia’s economic and investment landscape in order to retain and expand both foreign direct investment (FDI) and domestic direct investment (DDI), said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, May 19 — Malaysia’s trade momentum is likely to show signs of improvement by early in the second half of this year riding on the global economic recovery, says RHB Research.

KUALA LUMPUR, May 19 — The ringgit trimmed its losses to end the week marginally higher against the US dollar on Friday, despite the firmer greenback following robust US economic data.

PUTRAJAYA, May 19 – The labour market has expanded 2.5 per cent in the first quarter of this year with 16.65 million persons compared to 16.25 million persons in the same period last year, according to the Labour Market Review First Quarter 2023 released by the Department of Statistics Malaysia (DoSM) today.

PUTRAJAYA, May 19 – An approach using household net disposable income metrics will be implemented in January next year (2024) as an economic structuring measure for a more focused distribution of targeted subsidies, said Economy Minister Rafizi Ramli.

KUALA LUMPUR, May 19 — Malaysia's trade growth fell by 14.5 per cent year-on-year (y-o-y) in April 2023 to RM198.0 billion amidst global economic uncertainties.

KUALA LUMPUR, May 19 — Malaysia’s manufacturing industry operated with a 79.6 per cent capacity utilisation in the first quarter of 2023 (1Q 2023), said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 19 — The ringgit slipped against the greenback at the opening today as the release of several United States (US) macroeconomic data boosted the US currency.

KUALA LUMPUR, May 18 — The ringgit declined further to end lower against the US dollar today following the strengthening of the greenback amid global economic uncertainty, said an economist.

KUANTAN, May 18 — Petty traders are urged to register their business with the Companies Commission of Malaysia (SSM) to qualify for targeted cooking oil subsidy once the initiative is implemented.

PUTRAJAYA, May 18 — Malaysia’s labour productivity as expressed by value added per hour worked posted a 2.1 per cent growth in the first quarter (Q1) of 2023, with total hours worked increasing 3.5 per cent to 9.2 billion hours, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 18 — The ringgit was slightly stronger against the US dollar this morning as concerns over the United States’ (US) debt ceiling took a toll on the greenback, according to an analyst.

KUALA LUMPUR, May 17 — Malaysia and Indonesia are geared up for a two-day joint mission to Brussels beginning May 30 to deliberate on issues pertaining to recent developments in the European Union (EU), particularly the EU Deforestation Regulation (EUDR) that is negatively impacting the palm oil industry.

KUALA LUMPUR, May 17 — The ringgit continued to close lower against the US dollar today in reaction to a higher US dollar index (DXY).

KUALA LUMPUR, May 17 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the period of May 18 to 24, the Finance Ministry (MOF) said today.

KUALA LUMPUR, May 17 — Bursa Malaysia extended earlier gains to mid-afternoon, with the key index remaining in the positive territory, thanks to buying support in selected heavyweights led by Sime Darby Plantation.