KUALA LUMPUR, June 29 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the week from tomorrow until July 6, the Finance Ministry said today.

PUTRAJAYA, June 29 — The Cabinet today decided to continue providing subsidies for chicken and not to float its price, capping the retail price of standard chicken at RM9.40 per kilogramme in Peninsular Malaysia effective July 1.

KUALA LUMPUR, June 29 — Economic recovery remains in sight with a better trend as signalled by Malaysia's macroeconomic performance in April 2022 amid global uncertainty, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 29 — Axiata Group Bhd (Axiata) and Digi.Com Bhd are looking forward to realising the potential of the proposed merger company (MergeCo) in terms of strengthening the capacity to drive digitalisation for consumers, businesses, the partner ecosystem and the development of local talent.

BANGKOK, June 29 — Thailand's economy is expected to grow 2.9 per cent this year, unchanged from a forecast in April, supported by private consumption and tourism recovery, the World Bank said on Wednesday.

KUALA LUMPUR, June 29 — The ringgit opened slightly lower against the US dollar today following the decline in the United States (US) benchmark equities last night, an analyst said.

KUALA LUMPUR, June 29 — The Malaysian Communications and Multimedia Commission (MCMC) has approved the proposed merger between Digi.Com Bhd (Digi) and Celcom Axiata Bhd (Celcom).

KUALA LUMPUR, June 28 — The ringgit settled higher versus the US dollar today, rebounding from yesterday’s losses, on renewed demand and in line with the steadier crude oil prices, an analyst said.

BANGI, June 28 — The government has urged palm oil millers who have ceased their milling operations due to the sharp fall in edible oil prices to resume operations immediately.

KUALA LUMPUR, June 28 — Maybank Investment Bank Bhd (Maybank IB) has revised upwards its inflation rate forecast for this year to 3.4 per cent from 2.7 per cent previously.

KUALA LUMPUR, June 28 — Malaysia is the world’s fifth fastest-growing real-time payments market, with a compound annual growth rate (CAGR) of 26.9 per cent, according to ACI Worldwide’s third edition of Prime-Time for Real-Time 2022 report.

KUALA LUMPUR, June 28 — Malaysia’s imports of unmilled wheat rose 98.5 per cent year-on-year (y-o-y) in May 2022, recording a value of RM227.5 million with Selangor, Penang and Sabah being the top importers, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, June 28 — Malaysia's Producer Price Index (PPI) local production, which measures the costs of goods at the factory gate, remained high in May with a growth of 11.2 per cent year-on-year (y-o-y) compared with 11.0 per cent y-o-y in April 2022, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 28 — Some palm oil millers have temporarily halted production following a dramatic plunge in prices of the edible oil, a senior official from a miller's association said on Monday.

KUALA LUMPUR, June 28 — The ringgit opened broadly higher against the US dollar this morning as risk appetite for the local currency strengthened following the positive revision of Malaysia’s long-term sovereign credit ratings outlook by S&P Global Ratings (S&P).

KUALA LUMPUR, June 28 — Prime Minister Datuk Seri Ismail Sabri Yaakob yesterday announced an additional allocation of RM100 million for the Informal and Micro Financing Scheme (SPIM) under the National Entrepreneur Group Economic Fund (Tekun).

KUALA LUMPUR, June 27 — The technical committee to tackle food security issues that convened today has considered the proposal to set a new ceiling price for chicken as well as the subsidy rate for poultry farmers.

KUALA LUMPUR, June 27 — The ringgit reversed its earlier gains to close weaker against the US dollar today as the falling crude oil prices continued to weigh on sentiments, said an analyst.

KUALA LUMPUR, June 27 — AmBank Research expects Bank Negara Malaysia (BNM) to increase the overnight policy rate (OPR) by 50 basis points (bps), bringing the OPR to 2.50 per cent during the upcoming meeting in July, in anticipation of the rising inflation.

KUALA LUMPUR, June 27 — The ringgit opened marginally higher against the US dollar today in anticipation of a higher overnight policy rate (OPR) being set at the fourth Monetary Policy Committee (MPC) meeting next week to contain inflation, said an analyst.