KUALA LUMPUR, Dec 16 — Fitch Ratings has affirmed Malaysian Reinsurance Bhd’s (Malaysian Re) insurer financial strength (IFS) rating of ‘A’ (Strong) with a stable outlook.

KUALA LUMPUR, Dec 16 — The ringgit ended the week on a lower note against the US dollar today amid a hawkish outlook by both the United States Federal Reserve (Fed) and European Central Bank (ECB).

KUALA LUMPUR, Dec 16 — The Ministry of International Trade and Industry (MITI) is aiming to maintain synergy and momentum with business communities, particularly in responding to and preparing for economic challenges.

KUALA LUMPUR, Dec 16 — Hong Leong Investment Bank Bhd Research (HLIB Research) projects Malaysia’s gross domestic product (GDP) growth to moderate to 4.0 per cent year-on-year (y-o-y) in 2023 as the base effects and initial boost from pent-up demand wane.

KUALA LUMPUR, Dec 16 — Hong Leong Investment Bank (HLIB) expects the development expenditure (DE) to be scaled down from RM95 billion under the previous 2023 Budget to RM85 billion as Prime Minister Datuk Seri Anwar Ibrahim has signalled for more transparency and lower leakages.

KUALA LUMPUR, Dec 16 — Hong Leong Investment Bank Bhd (HLIB) opines that the worst could be over for the ringgit and expects an appreciation bias for the local currency averaging at RM4.34 against the US dollar in 2023 compared to about RM4.40 currently.

KUALA LUMPUR, Dec 16 — The ringgit opened marginally higher against the US dollar on Friday after US Federal Reserve (Fed) chair Jerome Powell revealed a more moderate stance of a half percentage point rise in the benchmark rate to 4.5 per cent, leaving the market digesting the news.

KUALA LUMPUR, Dec 15 — The supply of eggs in supermarkets and retail stores in five states, namely Perak, Penang, Kelantan, Selangor and Melaka, is dwindling as many consumers and traders admit to the difficulty in securing daily supplies.

KUALA LUMPUR, Dec 15 — The ringgit weakened against the US dollar today in line with Asian foreign exchange (FX) markets after the greenback rose as the US Federal Reserve (Fed) was perceived to be more hawkish than expected.

KUALA LUMPUR, Dec 15 — The Malaysia - China Chamber of Commerce (MCCC) is urging the government to set up a special task force to assist small and medium enterprises (SMEs) in their application processes, with regard to the Regional Comprehensive Economic Partnership (RCEP) agreement.

KUALA LUMPUR, Dec 15 — CGS-CIMB has reiterated its 'overweight' call on banks supported by its projection of stronger core net profit (CNP) growth in 2023, which would accelerate to 20.8 per cent due to the non-recurrence of the prosperity tax or cukai makmur (CM) taxation.

PUTRAJAYA, Dec 15 — The agricommodity sector has contributed RM61.3 billion to the country’s Gross Domestic Product (GDP) up until the third quarter of this year, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, Dec 15 — Malaysia needs to relook at its existing taxation system in order to have a more comprehensive and equitable system, said former Bank Negara Malaysia (BNM) Governor Tan Sri Muhammad Ibrahim.

KUALA LUMPUR, Dec 15 — Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

KUALA LUMPUR, Dec 15 — After years of serving as the nation’s economic majority, the Malaysian middle class or M40 is now losing ground.

KUALA LUMPUR, Dec 15 — The ringgit opened marginally lower this morning as investors weighed the impact of the United States' (US) lower inflation data on the market, which could potentially lead to a devaluation of the US currency in the short term.

KUALA LUMPUR, Dec 14 — Malaysia has attracted a total of RM193.7 billion approved investments in the services, manufacturing and primary sectors involving 2,786 projects from January to September 2022.

KUALA LUMPUR, Dec 14 — The retail price of RON97 petrol dropped 20 sen from RM3.75 to RM3.55 per litre, while the prices of RON95 and diesel will remain unchanged for the week beginning tomorrow until December 21.

KUALA LUMPUR, Dec 14 — The ringgit ended higher against the US dollar today as the greenback retreated after the US Consumer Price Index (CPI) continues to soften in November, leading the US Treasury two-year yields to drop, analysts said.

KUALA LUMPUR, Dec 14 — Top Glove Corporation Bhd expects the average selling prices (ASPs) for both nitrile and natural rubber gloves to decline further as the market dynamics remain weak, said managing director Lim Cheong Guan.