KUALA LUMPUR, Feb 2 — Loan growth in December 2022 recorded an increase of 5.7 per cent year-on-year (y-o-y), slightly higher than the projected 5.0 - 5.5 per cent, said MIDF Research.

KUALA LUMPUR, Feb 2 — MIDF Research (MIDF) has maintained its positive stance on Malaysia’s automotive sector, premised on the expectation that the total industry volume (TIV) will remain elevated, given the large backlog of orders and the still strong new booking momentum.

KUALA LUMPUR, Feb 2 — MIDF Research expects Malaysia’s external trade activities to expand steadily beyond 2023 amid the impacts of new trade agreements, apart from elevated commodity prices and lower monetary rates.

KUALA LUMPUR, Feb 2 — CGS-CIMB Research expects Bursa Malaysia Bhd to post a net profit growth of around 5.5 per cent for the financial year ending Dec 31, 2023 (FY2023), from a decline of 36.3 per cent in FY2022.

KUALA LUMPUR, Feb 2 — The ringgit appreciated against the US dollar this morning following the United States (US) Federal Reserve's (Fed) encouraging move to slow the pace of its interest rate hikes during its recent meeting.

KUALA LUMPUR, Feb 1 — The retail prices of RON97 and RON95 petrol and diesel will remain unchanged for the period from February 2 to February 8.

KUALA LUMPUR, Jan 31 — The government has decided to initiate an anti-dumping duty investigation on imports of cold-rolled products of alloy or non-alloy steel with a width less than 1,300mm (cold reduced), not clad, not plated, or not coated (in coil, sheet, strip, hoop or any other forms), originating or exported from Japan.

KUALA LUMPUR, Jan 31 — Prime Minister Datuk Seri Anwar Ibrahim said the government is confident of a strong performance for the fourth quarter of 2022 as many positive changes were seen over the last few months.

KUALA LUMPUR, Jan 31 — The ringgit closed lower against the US dollar today amid pressure from external developments including a weak Asia foreign exchange (FX) environment, sluggish global oil prices and economic data from China.

KUALA LUMPUR, Jan 31 — Malaysia and Russia are expected to sign a Memorandum of Understanding (MoU) in the agriculture and fishing sectors this year to further strengthen the existing bilateral relationship and trade between both countries.

KUALA LUMPUR, Jan 31 — The Ministry of International Trade and Industry (Miti) has achieved an additional RM13 billion of committed foreign direct investment (FDI) from three investors via its investment mission to Singapore.

KUALA LUMPUR, Jan 31 — The government has decided to initiate an administrative review of anti-dumping duties on trade imports of cold-rolled stainless steel (CRSS) from China, South Korea, Taiwan and Thailand.

KUALA LUMPUR, Jan 31 — Credit to the private non-financial sector rose by 4.7 per cent at the end of December 2022 against 4.4 per cent in November 2022, reflecting higher growth in credit to businesses, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Jan 31 — Perusahaan Otomobil Kedua Sdn Bhd (Perodua) has allocated RM1.15 billion in capital expenditure (capex) this year for business expansion and to improve group operations.

KUALA LUMPUR, Jan 31 — Malaysia’s official reserve assets amounted to US$114.65 billion (US$1=RM4.24) as of end-December 2022, while other foreign currency assets stood at US$5.40 million, said Bank Negara Malaysia (BNM).

WASHINGTON, Jan 31 (Bernama) – Global economic growth will slow to 2.9 per cent in 2023, the International Monetary Fund (IMF) said, revising its previous forecast upward by 0.2 percentage points, reported Sputnik.

Reuters, Jan 31 — Asian shares traded cautiously and bonds nursed small losses on Tuesday as investors braced for an eventful week that includes central bank meetings, a slew of earnings reports and key US economic data.

NEW YORK, Jan 31 — The International Monetary Fund on Monday raised its output growth estimate on emerging markets for this year, with projections now showing the economic slowdown in the region may have bottomed out in 2022, on the back of China reopening, a resilient India and unexpected growth in Russia.

KUALA LUMPUR, Jan 31 — The ringgit slipped in early trade on Tuesday as the greenback gained strength ahead of the US Federal Reserve (Fed) meeting in the middle of this week on interest rates.

KUALA LUMPUR, Jan 30 — The ringgit ended the trading day flat amid uncertainty ahead of the two-day meeting of the United States Federal Open Market Committee (FOMC) starting tomorrow, said an analyst.