KUALA LUMPUR, Jan 6 —The ringgit opened lower against the US dollar on Friday on better demand for the greenback as the United States (US) job data came in better than expected, prompting concerns that the US Federal Reserves (Fed) will continue to hike rates to combat inflation, dealers said.

KUALA LUMPUR, Jan 5 — The ringgit extended its upbeat momentum to end higher against the US dollar today amid improving risk appetite as seen on the local equities market as China’s reopening moves full throttle, a dealer said.

KUALA LUMPUR, Jan 5 — Maybank Investment Bank Bhd (Maybank IB) is projecting the ringgit to end 2023 stronger at 4.05 against the US dollar from the current 4.4-level as sentiment leans towards the upside with the greenback taking a breather from its 2022 rally.

KUALA LUMPUR, Jan 5 — The Federation of Malaysian Manufacturers (FMM) has called on the government to reintroduce the Goods and Services Tax (GST) in the upcoming Budget 2023.

KUALA LUMPUR, Jan 5 — Malaysia's palm oil inventories in end-December likely shrank to the lowest in four months as production and exports slowed, a Reuters survey showed on Thursday.

KUALA LUMPUR, Jan 5 — Maybank Investment Bank (IB) is maintaining its positive call on the Malaysian oil and gas (O&G) sector amid a more positive picture painted in the Petroliam Nasional Bhd (Petronas) Activity Outlook (PAO) 2023-2025.

KUALA LUMPUR, Jan 5 — Malaysia’s economy is on a strong footing to attract quality investments, said International Trade and Industry Minister minister.

KUALA LUMPUR, Jan 5 — The ringgit opened lower against the US dollar on Thursday, as the greenback strengthened after the United States (US) Federal Reserve (Fed) confirmed that it would continue to focus on rate hikes this year, dealers said.

KUALA LUMPUR, Jan 4 — The ringgit closed higher versus the US dollar on the second trading day of 2023, as risk sentiments improved due to optimism over China’s reopening.

KUALA LUMPUR, Jan 4 — Bursa Malaysia Bhd (Bursa Malaysia) and the Department of Statistics Malaysia (DOSM) have signed a memorandum of understanding (MoU) to share macroeconomic data in order to identify key trends and insights for the development of the capital market.

KUALA LUMPUR, Jan 4 — The Statistics Department of Malaysia (DOSM) will implement the Economic Census 2023 to be used as a benchmark for the economy and as planning continuity for the country’s development.

KUALA LUMPUR, Jan 4 — CGS-CIMB Securities Sdn Bhd expects the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to finish 2023 at 1,633, up by nine per cent against 1,495 at end-2022.

KUALA LUMPUR, Jan 4 — Malaysia's latest Purchasing Managers Index (PMI) survey has revealed that cost and supply pressures have eased as firms indicate that vendor performance has stabilised after three years of deterioration and firms finally cut selling prices, the first reduction in 2.5 years.

KUALA LUMPUR, Jan 4 — The ringgit opened slightly higher against the US dollar on Wednesday despite market uncertainty over the US Federal Reserve’s (Fed) upcoming interest rate decision, dealers said.

WASHINGTON, Jan 3 — The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and will negotiate with shareholders ahead of April meetings on proposals that include a capital increase and new lending tools, according to an "evolution roadmap" seen by Reuters on Monday.

KUALA LUMPUR, Jan 3 — The ringgit opened marginally higher against the US dollar on the first trading day of 2023, as China’s reopening and anticipation for less aggressive interest rate hikes in the United States (US) boosted buying support, dealers said.

KUALA LUMPUR, Jan 1— Property consultancy Savills Malaysia sees the overall property market in the country “to be a direct extension of 2022” and that the bumpy ride will move into 2023 but with a stronger positive bias.

KUALA LUMPUR, Dec 31 — The government has given a guarantee that it will protect and assist small and medium-sized enterprises (SMEs) and the people if there is an economic impact from the rise in Covid-19 cases in China, Minister of Economy Rafizi Ramli said.

PUTRAJAYA, Dec 31 — Padiberas Nasional Berhad's (Bernas) Special Assistance amounting to RM10 million for 2022 will be distributed in stages to paddy farmers in Kelantan, Terengganu and Pahang from January, said Agriculture and Food Security Minister Mohamad Sabu.

KUALA LUMPUR, Dec 31 — The ringgit is likely to continue its uptrend against the US dollar next week, trading between the 4.38 and 4.41 level for the first week of the new year on the back of buying support from locals upon the ringgit’s weakness, said an analyst.