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.

KUALA LUMPUR, May 17 — Malaysia's inflation in 2022 rose to 3.3 per cent versus 2.5 per cent in 2021, with the index points standing at 127.2 last year versus 123.1 in 2021, said the Department of Statistics Malaysia (DoSM).

KUALA LUMPUR, May 17 — The ringgit opened lower against the US dollar today as investors remain cautious regarding the United States’ (US) debt ceiling deadline, said an analyst.

AUSTIN, May 17 — Tesla Inc Chief Executive Elon Musk on Tuesday warned that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months.

KUALA LUMPUR, May 16 — Sunway Bhd’s (Sunway) wholly-owned subsidiary Sunway Living Space Sdn Bhd has signed a sale and purchase agreement with Kar Sin Bhd, a subsidiary of YNH Property Bhd, to acquire a parcel of a freehold land in Sri Hartamas with a purchase consideration of RM170 million.

KUALA LUMPUR, May 16 — BMI, a Fitch Solutions company, has raised the forecast for Malaysia’s real gross domestic product (GDP) growth to 4.2 per cent in this year from 4.0 per cent previously following the better-than-expected 5.6 per cent expansion in the first quarter (1Q).

KUALA LUMPUR, May 16 — The ringgit improved versus the US dollar in early trade on Tuesday amid hopes for an agreement on raising the US debt ceiling.

GOMBAK, May 15 — The Ministry of Domestic Trade and Cost of Living (KPDN) will monitor the price of fish which is alleged to have risen following a shortage of supply due to the hot weather.

KUALA LUMPUR, May 15 — The ringgit extended last week’s losses to end weaker against the US dollar on Monday, following worries over the slowing global economy, said an economist.

KOTA KINABALU, May 15 — The Malaysian Cocoa Board (LKM) is targeting cocoa exports worth RM8 billion this year, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, May 15 — Malaysia's property market activity has declined by 5.7 per cent in the first quarter (1Q) of 2023 with more than 89,000 transactions worth RM42.31 billion compared to the same period last year, said the Ministry of Finance (MoF).

PUTRAJAYA, May 15 — The existing diesel subsidy system will continue and will be improved by ensuring that vehicles that transport diesel supplies from gas stations or skid tanks are equipped with a 'fleet card' system to monitor diesel consumption and avoid leakage, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, May 15 — The ringgit opened lower against the US dollar today as the greenback strengthened on fears of an economic slowdown, said an analyst.

KUALA LUMPUR, May 13 — OCBC Bank has maintained its 2023 gross domestic product (GDP) growth forecast of 4.4 per cent for Malaysia, implying weaker growth for the rest of the year but still within Bank Negara Malaysia’s (BNM) four per cent to five per cent forecast range.

KUALA LUMPUR, May 13 — RHB Investment Bank Bhd has maintained its 2023 gross domestic product (GDP) growth forecast at 5.0 per cent year-on-year (YoY) following the better-than-expected first quarter results.

NEW DELHI, May 12 — India imported more than 1.5 million tonnes of palm oil from Malaysia over the last six months.

KUALA LUMPUR, May 12 — The ringgit slipped further to end the week lower against the US dollar on Friday despite Malaysia’s better-than-expected first-quarter gross domestic product (GDP) data, an analyst said.

KUALA LUMPUR, May 12 — Malaysia’s gross domestic product (GDP) is set to moderate to 4.2 per cent in 2023 amid external headwinds and tightening of monetary policy in many economies, said MIDF Research.

KUALA LUMPUR, May 12 — Bank Negara Malaysia’s announcement that the economy is no longer in crisis and continues to gain strength is a big lift to sentiment three years since the outbreak of the pandemic.

KUALA LUMPUR, May 12 — Stage Two loans in Malaysia had improved during the first quarter of 2023 (1Q 2023), declining to five per cent as more borrowers successfully transitioned out of repayment assistance programmes, said Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus.