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).

KUALA LUMPUR, Aug 4 — The ringgit opened slightly higher against the US dollar this morning after the greenback weakened due to the rising tension between the United States (US) and China.

KUALA LUMPUR, Aug 3 — The ringgit continues its slide against the US dollar today as investors opted for the safe haven currency amid concerns over the US - China geopolitical tension.

KUALA LUMPUR, Aug 3 — The retail price of RON97 petrol will drop by five sen from RM4.55 to RM4.50 per litre while those of RON95 and diesel will remain unchanged for the week from August 4 to August 10.

KUALA LUMPUR, Aug 3 — The ringgit opened slightly lower against the US dollar this morning as investors continue to seek shelter with the safe-haven currency following rising geopolitical risks.

KUALA LUMPUR, Aug 2 — The ringgit ended lower against the US dollar today as the greenback continued to appeal as a safe-haven currency amid the pick-up in risk aversion mood among market participants.

KUALA LUMPUR, Aug 2 — The ringgit opened slightly higher against the US dollar this morning after the greenback weakened due to the lower United States (US) ISM Manufacturing Purchasing Managers Index (PMI) data.

KUALA LUMPUR, Aug 1 — The ringgit ended lower against the US dollar today as the US Dollar Index (DXY) paused its three-day downtrend around the monthly low.

KUALA LUMPUR, Aug 1 — The ringgit opened lower against the US dollar this morning, ahead of the release of the United States (US) nonfarm payrolls (NFP) which affects the greenback.

KUALA LUMPUR, July 30 — The ringgit is expected to trade in a tight range with an upward bias against the US dollar next week on improving risk sentiment for the local currency, said an analyst.

KUALA LUMPUR, July 29 — The ringgit ended the week on a higher note against the US dollar today, after the greenback continued to weaken following the unexpected United States (US) economic data, said an analyst.

KUALA LUMPUR, July 29 — The ringgit advanced against the US dollar at the opening today amidst weaker United States’ (US) treasury yields following the economic contraction in the country during the second quarter of 2022.

PETALING JAYA, July 29 — Malaysia’s economic growth is expected to remain strong in the second quarter (Q2) of this year, driven by several economic indicators, among them, the increase in the country's trade which surged 43.4 per cent in June 2022, hitting a new high of RM270.4 billion.

KUALA LUMPUR, July 28 — The ringgit ended higher against the US dollar on Thursday, following the greenback’s retreat after the anticipated United States (US) Federal Reserve (Fed) interest rate hike announcement, said an analyst.

KUALA LUMPUR, July 28 — Malaysia's external trade surpassed the RM2 trillion mark for the first time in 2021, a 24.9 per cent increase year-on-year (y-o-y) versus a 3.3 per cent decrease in 2020, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 28 — Local investment banks expect Bank Negara Malaysia (BNM) to raise the overnight policy rate (OPR) by at least 25 basis points (bps) by year-end, tracking the United States (US) Federal Reserve's 75 bps rate hike on Wednesday.

KUALA LUMPUR, July 27 — The International Monetary Fund (IMF) has revised its year-on-year economic growth forecast for Malaysia to 5.1 per cent in 2022 from 5.6 per cent previously, according to the fund's latest World Economic Outlook Update July 2022 (published on July 26).

KUALA LUMPUR, July 27 — The ringgit ended flat against the US dollar today on lack of buying momentum as traders remained cautious amid market volatility, said an analyst.

KUALA LUMPUR, July 27 — Bursa Malaysia Bhd does not foresee any major delays in companies’ listing plans in 2022 despite a risk-off environment sparked by a hawkish United States Federal Reserve (Fed) and external headwinds like the Ukraine-Russia war.

KUALA LUMPUR, July 27 — The Federal government’s total expenditure stood at RM86.7 billion in the first quarter of 2022 (Q1 2022), according to the Finance Ministry (MOF).