KUALA LUMPUR, Sept 7 — The retail price of RON97 petrol will drop by 10 sen from RM4.30 to RM4.20 per litre while those of RON95 and diesel will remain unchanged for the week from September 8 to September 14.

KUALA LUMPUR, Sept 7 — The ringgit opened at its lowest level versus the US dollar since the Asian financial crisis back in 1998, as more investors shifted to safe havens due to the uncertain global economic outlook.

SIBU, Sept 6 — The government has not reached a stage where it would need to reintroduce the goods and services tax (GST), said Deputy Finance Minister I Datuk Mohd Shahar Abdullah.

KUALA LUMPUR, Sept 6 — The Ministry of Finance (MoF) will consider the move to use technology applications to channel subsidies to target groups more efficiently.

KUALA LUMPUR, Sept 6 — The ringgit ended lower against the US dollar for the third consecutive day today, ahead of Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting tomorrow.

KUALA LUMPUR, Sept 6 — Bank Negara Malaysia (BNM) will deliver a third consecutive 25 basis point interest rate hike on Thursday and a fourth in November to quell growing inflationary pressures but will opt to move slowly despite a hawkish US Federal Reserve, a Reuters poll found.

KUALA LUMPUR, Sept 6 — The ringgit rebounded from yesterday's loss to open slightly higher against the US dollar today amid mixed sentiments as traders remained cautious ahead of Bank Negara Malaysia’s (BNM) upcoming two-day monetary policy committee (MPC) meeting starting tomorrow, an analyst said.

KUALA LUMPUR, Sept 5 — The ringgit closed lower against the US dollar today as traders remained cautious ahead of Bank Negara Malaysia’s (BNM) upcoming two-day monetary policy committee (MPC) meeting on Sept 7 and Sept 8, an analyst said.

KUALA LUMPUR, Sept 5 — The ringgit continued its downward momentum from last week to open marginally lower against the US dollar today as investors reacted to the positive US jobs data released last week, an analyst said.

KUALA LUMPUR, Sept 5 — Bank Negara Malaysia is expected to hike its overnight policy rate by 25 basis points to 2.5 per cent this week, its third consecutive rate hike, aiming to help ease the country’s inflation coupled with a robust economic rebound, says Moody’s Analytics.

KUALA LUMPUR, Sept 3 — The ringgit is likely to trade on a downward bias against the US dollar next week due to the possibility of the United States (US) Federal Reserve (Fed) raising interest rates.

KUCHING, Sept 2 — The implementation of a special petroleum permit under the Control of Supplies Act 1961 is not meant to cause inconvenience to the public but to prevent the abuse of subsidies.

KUALA LUMPUR, Sept 3 — The ringgit continued its downward momentum to close lower against the US dollar today ahead of the release of the US jobs data later in the day.

KUALA LUMPUR, Sept 2 — Malaysia's export and import unit value index grew by 1.6 per cent and 0.3 per cent, respectively, in July 2022, compared to the previous month, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Sept 2 -- The ringgit opened marginally lower against the US dollar on Friday as the greenback had strengthened after the initial United States (US) economic data indicated that its economy is still on the right track amid global uncertainties, an analyst said.

KUALA LUMPUR, Sept 1 — The ringgit reversed its gains to close lower against the US dollar today as oil prices continued to fall and as China expanded its Covid-19 lockdowns, further spurring concerns on how the world’s second-largest economy will be affected by the constant disruptions.

PUTRAJAYA, Sept 1 — The ceiling price of a five kg bottle of cooking oil will be reduced to RM33.50 from RM34.70, from September 8 to October 7, said chairman of the Special Task Force on Jihad against Inflation Tan Sri Annuar Musa.

KUALA LUMPUR, Sept 1 — MIDF Research has upgraded its growth target for Malaysia’s economy to 6.6 per cent from 6.0 per cent estimated earlier, following a stronger-than-expected gross domestic product (GDP) release in the second quarter of 2022 (Q2 2022).

KUALA LUMPUR/SINGAPORE, Aug 31 — Two of Malaysia's largest mobile carriers do not plan to take stakes in a government-owned 5G agency, three people familiar with the matter told Reuters - a setback that threatens to throw the country's 5G rollout into further disarray.

KUALA LUMPUR, Aug 30 — The ringgit strengthened at the close Tuesday as the US dollar lost traction against a basket of major currencies amid concerns over interest rates and the global inflation outlook.