PUTRAJAYA, July 13 — Strict action including suspending or revoking operating licences will be imposed on subsidised cooking oil packaging manufacturers found to be smuggling the supplies to neighbouring countries.

KUALA LUMPUR, July 13 — The ringgit ended higher against the US dollar today after the greenback briefly slipped ahead of the release of the closely-watched US Consumer Price Index (CPI) data today.

KUALA LUMPUR, July 13 — The retail price of RON97 will drop by five sen from RM4.80 to RM4.75 per litre, while those of RON95 petrol and diesel will remain unchanged for the week from July 14 to 20.

KUALA LUMPUR, July 13 — RAM Ratings has revised Malaysia’s full-year inflation forecast for 2022 to 3.0 per cent, from 2.5 per cent initially (2021: 2.5 per cent).

KUALA LUMPUR, July 13 — Crude palm oil (CPO) prices are expected to average RM5,300 per tonne in the second half (H2) of 2022, lower than in the first half due to expectations of higher global vegetable oil supply, higher CPO production especially in the third quarter, as well as lower palm oil exports, says the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR, July 13 — The ringgit rebounded from yesterday's losses to open marginally higher against the US dollar today, as slightly cheaper prices prompted some investors to return to the emerging currencies, dealers said.

KUALA LUMPUR, July 12 — The ringgit ended weaker against the US dollar on Tuesday following stronger-than-expected US monthly jobs data for June.

KUALA LUMPUR, July 12 — Malaysia's palm oil stocks in end-June rose to their highest in seven months as its exports were throttled by rival Indonesia's policies to boost its own shipments, industry regulator data showed on Tuesday.

KUALA LUMPUR, July 12 — Bank Negara Malaysia (BNM) is expected to increase the Overnight Policy Rate (OPR) by another 25 basis points this year, likely in the next Monetary Policy Committee (MPC) meeting on September 8, said OCBC Bank.

KUALA LUMPUR, July 12 — The ringgit retreated from last week's gain to open marginally lower against the US dollar on Tuesday on lack of buying interest.

KUALA LUMPUR, July 9 — The ringgit is likely to remain in a tight range around the RM4.42 level next week on mixed market sentiments, an analyst said.

KUALA LUMPUR, July 8 — The ringgit rebounded from four straight days of losses to end marginally higher against the US dollar on Friday on renewed buying interest.

KUALA LUMPUR, July 8 — The Industrial Production Index (IPI) increased 4.1 per cent in May 2022 compared to the same month of the previous year, contributed by the manufacturing and electricity sectors, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 8 — Malaysia’s wholesale and retail trade has set a new sales record in May 2022, growing by 19.9 per cent year-on-year (y-o-y) to RM129.8 billion -- the highest sales recorded since 2013, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 8 — The ringgit opened higher against the US dollar today after four consecutive days of declines, tracking the better performance of the equities market amid the risk-on mode, analysts said.

KUALA LUMPUR, July 8 — Malaysia exported 24.9 million tonnes per annum (MTPA) of liquefied natural gas (LNG) in 2021, retaining its previous year’s position as the fifth-largest LNG exporter after Australia, Qatar, the United States and Russia, the Malaysian Gas Association (MGA) said.

KUALA LUMPUR, July 7 — The ringgit continued to depreciate against the US dollar for the fourth consecutive day as the sentiment was weighed down by the stronger greenback and the lack of domestic catalyst to lift the local currency, said an analyst.

KUALA LUMPUR, July 7 — Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the monetary policy is controlled by the Monetary Policy Committee (MPC) under the supervision of Bank Negara Malaysia (BNM) while fiscal policy was under the jurisdiction of the Federal government, and each must act independently.

PUTRAJAYA, July 7 — Small-and-medium-scale chicken breeders are allowed to take advance payments of chicken price subsidy as one of the ways to ensure the supply of chicken in the market remains stable, Tan Sri Annuar Musa announced.

KUALA LUMPUR, July 7 — Malaysia’s unemployment rate is projected to trend lower this year to 3.8 per cent from 4.6 per cent in 2021, underpinned by domestic reopening and strong economic fundamentals.