KUALA LUMPUR, May 5 — The ringgit opened higher against the US dollar on Friday, buoyed by the increase in the Overnight Policy Rate (OPR) to 3.00 per cent, but the ringgit-dollar pair is projected to trade in a narrow range as risk-off mode leads to increased demand for the greenback.

KUALA LUMPUR, May 3 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the week from May 4 to 10.

KUALA LUMPUR, May 3 — The ringgit rose against the US dollar following the unexpected move by Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) to increase the Overnight Policy Rate (OPR) by 25 basis points to 3.00 per cent.

KUALA LUMPUR, May 3 — Maybank will revise upwards its standardised base rate (SBR), base rate (BR), and base lending rate (BLR) by 25 basis points effective May 8, 2023, following the announcement today on the overnight policy rate (OPR) increase.

KUALA LUMPUR, May 3 — Public Bank will be increasing its standardised base rate (SBR), base rate (BR) and base lending rate (BLR)/base financing rate (BFR) by 0.25 per cent effective May 8, 2023.

KUALA LUMPUR, May 3 — Bank Negara Malaysia (BNM) said the three per cent overnight policy rate (OPR) has brought back the benchmark interest rate to pre-crisis levels and is more aligned with the stronger state of the economy.

INCHEON, South Korea, May 3 — South Korea's finance minister said Wednesday that Asian countries should pursue openness and rules of fair trade to address rising economic fragmentation and geopolitical instability, reported Yonhap.

KUALA LUMPUR, May 3 — Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided during today’s meeting to increase the Overnight Policy Rate (OPR) by 25 basis points to 3.00 per cent.

SERDANG, May 3 — Small-and-medium enterprises (SMEs) and vendors are urged to stay updated with the latest advancements and best practices in electric vehicle (EV) component design and manufacturing to remain competitive.

KUALA LUMPUR, May 3 — MIDF Research expects stronger demand from China to help support regional trade and production activities for Malaysia’s Manufacturing Purchasing Managers’ Index (PMI) going forward.

KUALA LUMPUR, May 3 — The ringgit opened slightly higher against the US dollar today due to uncertainties in the market sentiments ahead of the United States’ (US) interest rate decision.

KUALA LUMPUR, May 2 — The ringgit traded lower on strength in the US dollar as traders await the Federal Open Market Committee (FOMC) and Monetary Policy Committee (MPC) rate decisions.

KUALA LUMPUR, May 2 — The ringgit opened lower against the US dollar on the first trading day of the month, and is expected to linger around the RM4.46-level today as market sentiments remain uncertain, a dealer said.

KUALA LUMPUR, May 1 — The Small-and-Medium Enterprises Association of Malaysia (Samenta) has urged the government to convene a task force in order to address the severe disruption in the job market and plan for the future of work.

KUALA LUMPUR, April 30 — Prime Minister Datuk Seri Anwar Ibrahim’s call for the establishment of an Asian Monetary Fund (AMF) as an alternative to the International Monetary Fund (IMF) is pragmatic, in view of the current needs of many Asian countries, said an economist.

KUALA LUMPUR, April 28 — Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 2.75 per cent in the next monetary policy committee (MPC) meeting, said research houses.

KUALA LUMPUR, April 28 — Malaysia’s terms of trade increased 0.6 per cent month-on-month to 110.3 points in March 2023 (2010 = 100 points), said the Department of Statistics (DOSM).

KUALA LUMPUR, April 28 — Malaysia’s total trade for March 2023 amounted to RM232.7 billion, 1.6 per cent lower year-on-year, said the Department of Statistics (DOSM) today.

KUALA LUMPUR, April 28 — The ringgit reversed its losses to open higher against the US dollar on Friday due to cautious sentiments following the release of mixed United States (US) macroeconomic data, an analyst said.

KUALA LUMPUR, April 27 — The Producer Price Index (PPI) for local production, which measures prices of goods at the factory gate, declined further to — 2.9 per cent in March 2023 as against — 0.8 per cent in February 2023, the Department of Statistics Malaysia (DOSM) said.