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.

KUALA LUMPUR, July 7 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$109 billion as of June 30, 2022.

PUTRAJAYA, July 7 — The number of unemployed persons in May this year continued to decline with a reduction of 1.8 per cent to 637,700 persons, from 649,300 people the previous month, according to the Statistics of Labour Force for May 2022 released by the Department of Statistics Malaysia (DOSM) today.

KUALA LUMPUR, July 7 — Alliance Bank Malaysia Bhd will raise its Base Rate, Base Lending Rate and Base Financing Rate by 25 basis points (bps) effective July 13, 2022, following Bank Negara Malaysia’s revision of the Overnight Policy Rate (OPR) on July 6, 2022.

KUALA LUMPUR, July 7 — The unit price index of Building of Cost Material Index (BCI) (without steel bars and with steel bars) for all building categories in Malaysia increased in June 2022 compared with June 2021, said the Department of Statistics Malaysia (DoSM).

KUALA LUMPUR, July 7 — CIMB Bank Bhd and CIMB Islamic Bank Bhd will be increasing their Base Rate and Fixed Deposit / Fixed Return Income Account-i Board Rates by 0.25 per cent, following Bank Negara Malaysia’s (BNM) announcement of a hike in the overnight policy rate (OPR) yesterday.

KUALA LUMPUR, July 7 — Public Bank will revise upwards its Base Rate (BR) and Base Lending Rate (BLR)/Base Financing Rate (BFR) by 25 basis points (bps), or 0.25 per cent, effective July 8.

KUALA LUMPUR, July 7 — Analysts believed Bank Negara Malaysia (BNM) will further normalise its policy rate going forward and gradually raise the Overnight Policy Rate (OPR) to 3.00 per cent by next year.

KUALA LUMPUR, July 7 — The ringgit continues its slide against the US dollar today as the greenback strengthened further, standing out as a safe-haven currency as traders digested the Federal Reserve's (Fed) latest meeting’s minutes on Wednesday.

KUALA LUMPUR, July 6 — The ringgit ended lower against the US dollar for the third consecutive day on the back of a strengthening greenback, said an analyst.

KUALA LUMPUR, July 6 — The retail price of RON97 petrol will drop by four sen to RM4.80 per litre for the week beginning tomorrow until July 13, while the prices for RON95 petrol and diesel remain unchanged.

KUALA LUMPUR, July 6 — Malayan Banking Bhd (Maybank) will revise upwards its Base Rate (BR) and Base Lending Rate (BLR) by 25 basis points effective July 8 following the announcement today on the Overnight Policy Rate (OPR) increase.

KUALA LUMPUR, July 6 — Bank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points to 2.25 per cent during its fourth Monetary Policy Committee (MPC) meeting this year.

KUALA LUMPUR, July 6 — Malaysia is looking forward to new and expanding investments from Italy, with a particular focus on new potential areas of growth such as machinery, automation, aerospace, green technology, food production, biotechnology, pharmaceuticals and other high technology industries, as well as digital investments.

HANOI, July 6 — The Asean+3 Macroeconomic Research Office (AMRO) forecast a 4.3 per cent growth for the Asean+3 (Association of Southeast Asian Nations plus China, Japan, and South Korea) region this year, slightly lower than its previous forecast.

KUALA LUMPUR, July 6 — A green recovery from the Covid-19 pandemic in Southeast Asia has the potential to create US$172 billion (RM760.2 billion) in investment opportunities annually and generate more than 30 million jobs by 2030, according to the Asian Development Bank (ADB).

KUALA LUMPUR, July 6 — The ringgit opened lower against the US dollar today as the greenback continued to strengthen its appeal as a safe-haven currency amidst the risk-off sentiment surrounding the market, analysts said.

BACHOK, July 5 — The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) together with all enforcement agencies will coordinate actions to curb cooking oil subsidy leakage.

KUALA LUMPUR, July 5 — The ringgit ended lower against the US dollar today as the greenback continued to strengthen ahead of the US jobs data to be released later this week, which are expected to remain strong, said an analyst.

KUALA LUMPUR, July 5 — Malaysia's palm oil inventories at end-June likely climbed to their highest levels in seven months, as exports plunged following top producer Indonesia's return to the export market, a Reuters survey showed on Tuesday.