LIMA/ BUENOS AIRES, Nov 26 — Peruvian President Pedro Castillo has appointed the fifth prime minister since taking office, his press service announced.

KUALA LUMPUR, Nov 25 — The ringgit held steady and climbed to an over two-month high against the greenback on continued optimism that the US will slow down interest rate hikes going forward amid a smooth government transition in Malaysia.

KUALA LUMPUR, Nov 25 — Axiata Group Bhd has posted a net loss of RM52.40 million for the third quarter ended Sept 30, 2022 (Q3 2022) compared with a net profit of RM349.56 million in the same period last year, mainly impacted by significant foreign exchange (forex) losses of RM346.7 million.

KUALA LUMPUR, Nov 25 — Malaysia’s inflation rate has eased to 4.0 per cent in October 2022 compared to the 4.5 per cent recorded in September 2022, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Nov 25 — CGS-CIMB Securities has raised its end-2022 forecast for the FTSE Bursa Malaysia KLCI (FBM KLCI) to 1,602 points from 1,484 points on the back of easing political instability, as the market is likely to react positively to the newly-formed government.

KUALA LUMPUR, Nov 25 — The ringgit continued its positive momentum this morning, rising by 0.38 per cent against the US dollar at the opening today, reflecting the positive sentiments following the clarity in Malaysia’s political tussle and the United States(US) Federal Reserve’s signal of a downshift in rate hikes.

KUALA LUMPUR, Nov 24 — The ringgit climbed 1.8 per cent to its highest in over two months versus the US dollar on Thursday with the appointment of Datuk Seri Anwar Ibrahim as Malaysia’s 10th Prime Minister, thus easing the political uncertainty and the weak US dollar following the Federal Open Market Committee’s (FOMC) minutes.

KUALA LUMPUR, Nov 24 — The ringgit has extended its positive run against the US dollar today, improving further to the 4.55 level on expectations of softer United States (US) inflation and less aggressive US Federal Reserve’s rate hikes, said an analyst.

KUALA LUMPUR, Nov 23 — The Malaysian plastics industry exhibited resilience during the pandemic and has continued on a steady growth path.

KUALA LUMPUR, Nov 23 — The ringgit concluded Wednesday's trading session slightly stronger against the US dollar due to favourable external factors, said a dealer.

KUALA LUMPUR, Nov 23 — RAM Rating Services Bhd (RAM Ratings) expects Malaysia’s gross domestic product (GDP) to remain respectable in 2023 despite a slower growth forecast of 4.3 per cent compared with 8.2 per cent growth projection for 2022.

KUALA LUMPUR, Nov 23 — The ringgit opened marginally higher against the US dollar today, ahead of the United States Federal Open Market Committee (FOMC) minutes to be released later in the day, said an analyst.

KUALA LUMPUR, Nov 22 — The ringgit gained slightly after a Federal Reserve (Fed) committee member was open to the view of slowing the pace of rate hikes, thus causing the US dollar to lose a little of its strength.

KUALA LUMPUR, Nov 22 — The ringgit opened marginally higher against the US dollar on renewed buying interest despite China’s further Covid-19 restrictions as well as uncertainty on the hung Parliament and government formation in Malaysia, said an analyst.

KUALA LUMPUR, Nov 21 — The ringgit stayed in the red territory against the US dollar for the whole day as uncertainty due to the hung Parliament and China’s soaring new Covid-19 cases kept investors demotivated in today's session.

KUALA LUMPUR, Nov 21 — The ringgit slipped further against the US dollar this morning, extending last week’s downtrend, as the first-ever hung parliament outcome in Malaysia from the 15th General Election (GE15) held last Saturday shook investor confidence, an analyst said.

KUALA LUMPUR, Nov 19 — The ringgit is expected to strengthen further against the US dollar next week, depending on the 15th general election (GE15) results which will be announced on Saturday.

KUALA LUMPUR, Nov 18 — Digi.Com Bhd’s (Digi) shareholders have approved the proposed merger of its and Celcom Axiata Bhd’s telecommunication operations at an extraordinary general meeting (EGM) held today.

KUALA LUMPUR, Nov 17 — The ringgit retreated against the US dollar on Thursday on profit-taking ahead of the 15th general election (GE15) this Saturday, with global uncertainties further weighing on sentiment, a dealer said.

KUALA LUMPUR, Nov 17 — Malaysia’s labour productivity expressed as value added per worker jumped 10.1 per cent in the third quarter of 2022 (Q3) versus 5.5 per cent in Q2, which is in line with the strong economic activities which saw gross domestic product (GDP) strengthening by 14.2 per cent, the Statistics Department Malaysia (DOSM) said.