KUALA LUMPUR, Aug 9 — The ringgit ended marginally higher against the US dollar as sentiment was buoyed by Malaysia’s industrial production index (IPI), which increased 12.1 per cent year-on-year (y-o-y) in June 2022.

KUALA LUMPUR, Aug 09 — Malaysia’s industrial production index (IPI) increased 12.1 per cent year-on-year (y-o-y) in June 2022 compared to the same month of the previous year, mainly driven by the manufacturing, electricity, and mining sectors, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Aug 9 — Malaysia’s manufacturing sales grew 23.4 per cent to RM153.5 billion in June 2022 compared with the same month in 2021, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Aug 9 — The ringgit opened higher against the US dollar today, rebounding on renewed buying interest, said an analyst.

KUALA LUMPUR, Aug 9 — These days, buy now, pay later (BNPL) services are a dime a dozen online and fast gaining ground among consumers – the younger segment in particular – with a host of mobile applications to that effect readily available for downloading.

KUALA LUMPUR, Aug 8 — The ringgit ended lower against the American dollar on Monday due to higher US yields and strong US payrolls data, which lifted the greenback higher.

KUALA LUMPUR, Aug 8 — The Ministry of Finance (MOF) is monitoring the effects of the increase in the Overnight Policy Rate (OPR) on the amount of consumer loan repayments.

KUALA LUMPUR, Aug 8 — Bank Negara Malaysia (BNM) is likely to maintain its hawkish stance in September and increase the overnight policy rate (OPR) for the third consecutive time this year, according to Kenanga Research (Kenanga).

KUALA LUMPUR, Aug 8 — The ringgit opened lower versus the US dollar on Monday as the greenback continued to strengthen its appeal as a safe-haven currency amidst the risk-off sentiment in the market, analysts said.

KUALA LUMPUR, Aug 7 — The move to regulate the Buy Now, Pay Later (BNPL) facility is timely and among the issues that need to be addressed is the amount of credit an individual can take, said economic expert Professor Datuk Dr Shazali Abu Mansor.

KUALA LUMPUR, Aug 6 — Malaysia is on the road to recovery in terms of headline economic numbers, but Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has warned of risks to the recovery amid an uncertain global economic outlook.

KUALA LUMPUR, Aug 6 — The ringgit is expected to trade in a tight range against the US dollar next week as investors continue to monitor various global economic data to chart the market direction, said an analyst.

KUALA LUMPUR, Aug 5 — The ringgit ended higher against the US dollar today as the overnight greenback retreated slightly amid waning positive impacts of Federal Reserve hawkish comments and as investors waited for more signs on the data front, dealers said.

KUALA LUMPUR, Aug 5 — Bank Negara Malaysia’s (BNM) international reserves expanded to US$109.2 billion as of July 29, 2022, up from US$107 billion recorded as of July 15, 2022.

JAKARTA, Aug 5 — Indonesia's economic growth accelerated in the April-June quarter amid an export boom driven by rising commodity prices, official data showed on Friday, but monetary tightening, rising inflation and a global recession risk threaten the outlook.

KUALA LUMPUR, Aug 5 — The ringgit opened slightly higher against the US dollar this morning as the greenback weakened despite positive United States (US) Initial Jobless Claims data released yesterday.

KUALA LUMPUR, Aug 5 — The Buy-Now-Pay-Later (BNPL) services have emerged as an appealing payment and funding solution for many amid its exponential growth, which makes it vital for it to be regulated for the betterment of consumers, lenders as well as avoid any potential risk to the financial system, said experts.

KUALA LUMPUR, Aug 4 — The ringgit weakened further against the US dollar today as the greenback remained firm on the expectation of a more aggressive United States (US) rate hike in the coming months following the Federal Reserve (Fed) officials' hawkish statements.

KUALA LUMPUR, Aug 4 — Malaysia has maintained its seventh position in the Digital Agility Index 2022 across the Asia Pacific (APAC), according to a study commissioned by Workday, a global leader in enterprise cloud applications for finance and human resources.

KUALA LUMPUR, Aug 4 — Efforts to promote a trusted and confidence-inducing consumer credit ecosystem are underway through the consolidation of the credit industry regulatory framework via the enactment of the Consumer Credit Act (CCA).