KUALA LUMPUR, Dec 1 — The Federation of Malaysian Manufacturers (FMM) is encouraging small and medium enterprises (SMEs) to adopt the Fourth Industrial Revolution (Industry 4.0) to enable them to leverage the global market and free trade agreements (FTAs).

KUALA LUMPUR, Dec 1 — The manufacturing sector may face a downturn in the first quarter of next year (Q1 2023) due to global uncertainties, said the Federation of Malaysian Manufacturers (FMM).

NEW YORK, Dec 1 — Oil prices rose noticeably on Wednesday after data showed a marked drop in US crude stockpiles, reported Xinhua.

KUALA LUMPUR, Dec 1 — The ringgit opened higher against the US dollar today after the greenback retreated following the United States (US) central bank’s less hawkish tone on interest rate hikes, an analyst said.

KUALA LUMPUR, Nov 30 — CIMB Group Holdings Bhd posted a solid net profit of RM1.41 billion in the third quarter ended September 30, 2022 (Q3 2022) from a net loss of RM100.59 million in Q3 of the financial year 2021.

KUALA LUMPUR, Nov 30 — The ringgit ended higher against the US dollar today on renewed buying interest, reflecting a favourable China reopening narrative, said a dealer.

KUALA LUMPUR, Nov 30 — The retail price of RON97 petrol will drop by 10 sen from RM3.95 to RM3.85 per litre, while those of RON95 and diesel will remain unchanged for the week from December 1 to December 7.

KUALA LUMPUR, Nov 30 — The development of Indonesia’s new capital city Nusantara provides an opportunity for Malaysia and Indonesia to enhance economic ties through mutual collaboration in complementary economic sectors, said the Ministry of International Trade and Industry (Miti).

KUALA LUMPUR, Nov 30 — Malaysia’s producer price index (PPI) has eased slightly to 4.0 per cent in October 2022 as compared to 4.9 per cent in the preceding month, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Nov 30 — Malaysia’s encouraging economic growth and stable labour market situation will ensure the country’s economy remains on track, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Nov 30 — Public Bank Bhd recorded a net profit of RM1.59 billion for the third quarter (Q3) ended Sept 30, 2022, up 16.8 per cent from RM1.36 billion a year earlier.

KUALA LUMPUR, Nov 30 — Malaysia’s official reserve assets amounted to US$105.23 billion (US$1=RM4.50) as at end-October 2022, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.

KUALA LUMPUR, Nov 30 — The ringgit opened marginally higher against the US dollar on Wednesday as the greenback retreated amid growing inflationary pressure, an analyst said.

KUALA LUMPUR, Nov 29 — The ringgit retreated from last week’s gains to close lower against the US dollar today due to profit-taking, a dealer said.

KUALA LUMPUR, Nov 29 — Despite global outlook uncertainties, Malaysia and neighbouring Thailand and Indonesia are showing increasing housing demand, PropertyGuru Group’s real estate intelligence said.

KUALA LUMPUR, Nov 29 — Foreign investors continued to be net sellers last week with a net outflow of RM81.9 million compared with a net outflow of RM59.9 million in the previous week, said MIDF Research.

KUALA LUMPUR, Nov 29 — The ringgit retreated from its gains last week to open lower against the US dollar on Tuesday, weighed by a strengthening greenback and declining crude oil prices, an analyst said.

KUALA LUMPUR, Nov 28 (Bernama) -- Malaysia’s export prices in October 2022 dropped slightly by 0.05 per cent from 149.8 points in the preceding month to 149.7 points, while the “import unit value index” showed a positive performance of 0.6 per cent to 133.2 points.

KUALA LUMPUR, Nov 27 — Prime Minister Datuk Seri Anwar Ibrahim has given assurance the government will continue to look after the industry’s interest although it will change the method of distributing subsidies towards targeted subsidies.

KUALA LUMPUR, Nov 26 — The ringgit is likely to revisit the 4.46 level next week, last seen in August as market mood continues to be lifted by renewed interest rate hopes and optimism about the new government.