KUALA LUMPUR, July 5 — The ringgit is expected to fare better in the fourth quarter (Q4) of the year due to improving growth in China as well as in anticipation of a pause in the United States Federal Reserve’s rate hike and strong recovery of the Malaysian economy.

KUALA LUMPUR, July 5 — The ringgit opened lower against the US dollar today as traders remained cautious ahead of Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) two-day meeting which starts today, analysts said.

KUALA LUMPUR, July 4 — The ringgit reversed last Friday’s gains to close lower against the US dollar on Monday amid cautious sentiment ahead of Bank Negara Malaysia’s (BNM) interest rate decision later this week.

KUALA LUMPUR, July 4 — The Department of Statistics Malaysia (DoSM) reported that Malaysia’s terms of trade expanded by 1.0 per cent month-on-month to 112.0 points in May 2022, boosted by rising export prices.

KUALA LUMPUR, July 4 — The foreign fund outflow on Bursa Malaysia accelerated last week as foreign investors disposed of RM320.3 million worth of Malaysian equities, compared to net sales of RM61.5 million in the preceding week, marking the fourth consecutive week of outflows.

KUALA LUMPUR, July 4 — Bank Negara Malaysia (BNM) is expected to lift its Overnight Policy Rate (OPR) by 25 basis points (bps) to 2.25 per cent at its fourth Monetary Policy Meeting (MPC) of the year scheduled for this week, according to Moody’s Analytics.

KUALA LUMPUR, July 4 — The ringgit opened flat today against the US dollar ahead of the Bank Negara Malaysia (BNM) Monetary Policy Committee (MPC) meeting scheduled this week although demand for the greenback remained strong due to its safe-haven status, an analyst said.

KUALA LUMPUR, July 2 — The ringgit is likely to trade around the current level of between 4.40 and 4.41 versus the US dollar next week, with all eyes on Bank Negara Malaysia’s (BNM) Monetary Policy Committee meeting on July 6.

KUALA LUMPUR, July 1 — MIDF Research has reduced its FBM KLCI end-2022 target to 1,600 points from 1,680 points previously.

KUALA LUMPUR, July 1 — The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) registered 50.4 in June, up from 50.1 in May, signalling a slightly stronger, yet still modest, improvement in the manufacturing sector.

KUALA LUMPUR, July 1 — The ringgit rebounded after two consecutive trading days of losses to open marginally higher against the US dollar this morning ahead of the fourth Bank Negara Malaysia (BNM) Monetary Policy Committee (MPC) meeting scheduled next week, an analyst said.

PUTRAJAYA, June 30 — The economic performance of all states registered positive growth in 2021, with five states recording a better growth rate than the 3.1 per cent growth rate at the national level.

KUALA LUMPUR, June 30 — The ringgit ended lower versus the US dollar for the second consecutive day today as the hawkish stance by the United States (US) Federal Reserve (Fed) to keep raising interest rates boosted the greenback, said an analyst.

KUALA LUMPUR, June 30 — Amanah Saham Nasional Bhd (ASNB) has declared a total income distribution payout of RM300 million for its fixed-price fund, Amanah Saham Bumiputera 3 - Didik (ASB 3 Didik) for the financial year ending June 30, 2022.

KUALA LUMPUR, June 30 — Malaysia’s banking system remains well capitalised to support economic recovery, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, June 30 — The transition to a low-carbon economy presents new risks and opportunities for financial institutions as a result of regulatory developments, technological advancements, and shifting market preferences, said Moody’s Investors Service.

KUALA LUMPUR, June 30 — The move to set new ceiling prices for chicken and eggs will help to limit potentially larger adjustments that would add to the overall food inflation, according to MIDF Research.

KUALA PERLIS, June 30 — The Retail Sector Digitalisation Initiative (ReDI) programme has received encouraging response as 3,919 traders are actively using e-wallets for transactions nationwide.

KUALA LUMPUR, June 30 — The ringgit extended its downtrend against the US dollar this morning due to the stronger US dollar Index (DXY), as the United States (US) Federal Reserve chair Jerome Powell reiterated his stance to keep raising interest rates in a bid to quell the rising inflation, an analyst said.

KUALA LUMPUR, June 29 — The ringgit ended lower versus the US dollar today as the local note experienced a technical correction due to profit-taking activities, dealers said.