KUALA LUMPUR, July 27 — The ringgit opened higher against the US dollar amidst renewed buying interest for the domestic unit.

KUALA LUMPUR, July 26 — The ringgit ended easier against the US dollar today as investors remained on the sidelines ahead of the United States economic policy updates, said an analyst.

KUALA LUMPUR, July 26 — An assessment of the ringgit’s position and growth needs to be done holistically to determine the local currency’s actual performance, instead of merely measuring it against the United States (US) currency which is on the rise compared to most world currencies.

KUALA LUMPUR, July 26 — The ringgit has remained relatively stable when compared with the currencies of Malaysia’s major trading partners, while the country’s nominal effective exchange rate registered a marginal decline of about 0.1 per cent, said Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, July 26 — Malaysia’s economy is firmly on a recovery path supported by domestic activities and positive external demand.

KUALA LUMPUR, July 26 — The income component accruing to production namely compensation of employees (CE) and gross operating surplus (GOS) has contributed 34.8 per cent compared with 37.1 per cent in 2020 and 62.9 per cent from 60.1 per cent of gross domestic product (GDP) respectively as the economy is on a gradual recovery path, said the Department of Statistics Malaysia (DOSM) today.

KUALA LUMPUR, July 26 — The ringgit lost ground against the US dollar this morning ahead of the United States Federal Open Market Committee (FOMC) meeting later today.

KUALA LUMPUR, July 25 — The ringgit ended almost flat against the US dollar on Monday as investors remained in a wary mode amid the volatile market, said an analyst.

KUALA LUMPUR, July 25 — Malaysia’s Gross Fixed Capital Formation (GFCF), the second largest component of gross domestic product (GDP) with a 20.1 per cent share of the total economy, contracted by a marginal 0.9 per cent to RM278.7 billion in 2021 from RM281.2 billion in 2020.

KUALA LUMPUR, July 25 — Malaysia's leading index (LI) rebounded 2.2 per cent year-on-year (y-o-y) to 111.2 points in May 2022, up from a y-o-y contraction of 0.5 per cent in April 2022 (110.8 points), indicating a positive economic outlook in the months to come, says the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 25 -- The ringgit opened on a stronger note against the US dollar today on renewed buying interest, ahead of the United States Federal Reserve’s (Fed) meeting on July 27-28, said an analyst.

KUALA LUMPUR, July 23 — The ringgit is likely to continue its decline against the US dollar next week due to higher inflation, said an analyst.

KUALA LUMPUR, July 22 — The ringgit closed marginally higher against the US dollar today despite Malaysia’s Consumer Price Index (CPI) increasing by 3.4 per cent to 127.4 last month from 123.2 a year earlier, said an analyst.

SIBU, July 22 — The public is urged not to lodge complaints that are too general on supply issues or the price of consumer goods.

KUALA LUMPUR, July 22 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$107.0 billion as of July 15, 2022.

KUALA LUMPUR, July 22 — Adoption of non-cash payments continues with more than half of Malaysians making a recent purchase with a cashless option, led by a further pick-up in e-wallet usage, increasing more than any other non-cash method to 2022 from 2021.

KUALA LUMPUR, July 22 — Malaysia’s Consumer Price Index (CPI) increased by 3.4 per cent year-on-year (y-o-y) to 127.4 in June 2022 from 123.2 in June 2021, surpassing the average inflation in Malaysia for the January 2011-June 2022 period by 1.9 per cent.

KUALA LUMPUR, July 22 — The ringgit strengthened against the US dollar at the opening today as demand for the latter diminished due to rising United States (US) jobless claims, weaker housing sales and slightly lower US bond yields, which ultimately favoured the ringgit.

KUALA LUMPUR, July 21 — The ringgit closed lower against the US dollar today, apparently prompted by a deterioration in European Union (EU) risk after Italian Prime Minister Mario Draghi submitted his resignation, said an analyst.

KUALA LUMPUR, July 21 — The country’s industry players are urged to reduce the price of cooking oil in tandem with the drop in the world’s crude palm oil price from its highest level since two months ago.