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.

KUALA LUMPUR, July 21 — The ringgit extended its decline and opened easier today as the uncertain global markets weighed on investors' risk appetite for risky assets, said a dealer.

KUALA LUMPUR, July 20 — The ringgit closed marginally lower against the US dollar today although Malaysia’s total trade recorded double-digit growth of 43.4 per cent year-on-year (y-o-y) in June 2022 to reach a new high of RM270.4 billion, said an analyst.

KUALA LUMPUR, July 20 — The retail price of RON97 will drop by 10 sen from RM4.75 to RM4.65 per litre, while those of RON95 petrol and diesel will remain unchanged for the week from July 21 to July 27.

KUALA LUMPUR, July 20 — Malaysia’s total trade recorded double-digit growth of 43.4 per cent year-on-year (y-o-y) in June 2022 to reach a new high of RM270.4 billion, according to the Department of Statistics Malaysia.

KUALA LUMPUR, July 20 — The Malaysian government should continue its efforts to revitalise the economy and increase the country’s competitiveness, said the International Institute for Management Development (IMD).

KUALA LUMPUR, July 20 — The ringgit continued yesterday's upbeat momentum to open higher today, responding to the positive news globally, a dealer said.

KUALA LUMPUR, July 19 — The ringgit closed marginally higher against the US dollar today on renewed buying interest amid slightly easing demand for the greenback ahead of the European Central Bank (ECB) meeting on Thursday, said an analyst.

KUALA LUMPUR, July 19 — The government will monitor the development of the palm oil industry after Indonesia announced that it has scrapped its export levy for all palm oil products until August 31, 2022.

KUALA LUMPUR, July 19 — The overall inflationary pressure in Malaysia will remain stable particularly with the receding global commodity prices, says MIDF Research.

KUALA LUMPUR, July 19 — The ringgit was lower in early trade today, taking a cue from the deteriorating global sentiment amid the recession risk in the United States and the energy crisis in Europe.

KUALA LUMPUR, July 18 — The ringgit closed lower against the US dollar today as the greenback benefitted from expectations that the US Federal Reserve might raise interest rates by 0.75 percentage point at its July 26 - July 27 Federal Open Market Committee (FOMC) meeting than a full percentage point, said an analyst.

KUALA LUMPUR, July 18 — The ringgit bounced back to open marginally higher against the US dollar today, as more investors weighed on a possible interest rate hike by the Federal Open Market Committee next week, a dealer said.

KUALA LUMPUR, July 16 — The ringgit is likely to continue its losing streak against the US dollar next week, as the greenback is expected to stay dominant amid mounting inflation jitters.

KUALA LUMPUR, July 15 — The ringgit continued to close at its lowest level in more than two years against the US dollar today, pressured by China’s weak second-quarter (Q2) economic data.

KUALA LUMPUR, July 15 — The ringgit extended yesterday’s losses to open marginally lower against the US dollar today as more investors shifted towards safe havens due to the cautious global economic outlook, dealers said.

KUALA LUMPUR, July 14 — The ringgit ended at its lowest since March 2020 on the US dollar’s strength amid fresh recession worries after the world's largest economy reported inflation hitting a 40-year high in June.

KUALA LUMPUR, July 14 — It is critical for a small and highly open economy such as Malaysia to have an efficient cross-border payment service to support trade and commerce with its neighbouring countries as well as all countries worldwide.

KUALA LUMPUR, July 14 — Inflation in developing economies, including Malaysia and Indonesia, is likely to return to more normal readings at a pace akin to those of developed economies.

KUALA LUMPUR, July 14 — The ringgit extended yesterday’s gains to open slightly higher against the US dollar today on continued buying interest, despite a bearish outlook for emerging currencies, including the ringgit, dealers said.