ALOR SETAR, June 21 — The poultry industry is now in the process of returning production capacity to the maximum level to ensure the country does not face the lack of poultry supply as before.

KUALA LUMPUR, June 20 — The ringgit closed higher against the US dollar for the fourth straight trading day today, driven by continued buying interest, said an analyst.

KUALA LUMPUR, June 20 — MIDF Amanah Investment Bank Bhd (MIDF) expects the US Federal Reserve (Fed) would increase its interest rate to 3.40 per cent by year-end.

KUALA LUMPUR, June 20 — Moody’s Analytics expects global real gross domestic demand (GDP) growth to decelerate in 2022, as policy support fades, pent-up demand cools, supply-side inflation remains elevated, and interest rate tightening gains pace.

KUALA LUMPUR, June 20 — The ringgit opened flat against the US dollar today on a lack of fresh buying interest, said a dealer.

KUALA LUMPUR, June 18 — The ringgit is expected to remain soft against the US dollar next week, driven by a bearish outlook on the global economic front, said an analyst.

MELAKA, June 17 — The Federation of Livestock Farmers’ Associations of Malaysia (FLFAM) is expecting chicken prices to exceed RM10 per kg, following the end of the maximum retail price scheme for chicken and the termination of subsidies to chicken breeders on June 30.

KUALA LUMPUR, June 17 — Malaysia’s trade performance in May 2022 remained resilient, recording the fastest growth since November 2021 with total trade rising 33.6 per cent to RM228.37 billion compared to May 2021, said the Ministry of International Trade and Industry (Miti).

KUALA LUMPUR, June 17 — Foreign investment into Malaysia recorded net inflows of RM48.1 billion in 2021 compared to RM13.3 billion in the previous year, while investment abroad registered RM19.7 billion versus RM10.2 billion in 2020.

KUALA LUMPUR, June 17 — A significant slowdown in the European Union (EU) economic growth is a key vulnerability for Asean exports amid the economic bloc’s importance as a key export market for many Southeast Asian economies, said S&P Global Market Intelligence today.

KUALA LUMPUR, June 17 — The ringgit continued to remain strong against the US dollar for the third consecutive day today as the weak greenback sentiment helped to spur appetite for emerging currencies, including the ringgit, dealers said.

KUALA LUMPUR, June 17 — Malaysian aviation group Capital A Berhad said on Thursday it was evaluating fundraising options for a planned US listing, as it looks to shake off its classification as a financially distressed firm by Malaysia's stock exchange.

KUALA LUMPUR, June 16 — The ringgit extended yesterday’s gains to close higher against the US dollar today as more investors returned to emerging currencies after the US Federal Reserve (Fed) announced a 75 basis point increase in the interest rate at its Federal Open Market Committee (FOMC) meeting last night, a dealer said.

PUTRAJAYA, June 16 — The price of chicken is expected to rise next month when it is floated following the end of the maximum retail price scheme on June 30.

KUALA LUMPUR, June 16 — Petronas on Thursday announced the establishment of a new clean energy solutions company, Gentari, as part of a global push by the state oil firm to produce carbon-free energy.

KUALA LUMPUR, June 16 — Bank Negara Malaysia (BNM) is likely to raise the overnight policy rate (OPR) by at least 25 basis points (bps) by year-end, in view of the aggressive interest rate hike by the United States (US) Federal Reserve (Fed), said Kenanga Investment Bank Bhd.

KUALA LUMPUR, June 16 — The ringgit extended yesterday's gains to open higher against the US dollar today following the news that the US Federal Reserve's (Fed) decision to increase its benchmark interest rate by 75 basis points, a dealer said.

KUALA LUMPUR, June 15 — The ringgit rebounded after three consecutive trading days of losses to close marginally higher against the US dollar at the close today amid mixed signals on the global economic front, a dealer said.

KUALA LUMPUR, June 15 — The retail price of RON97 petrol will be higher by 11 sen at RM4.83 per litre, while the prices of RON95 petrol and diesel remain unchanged for the week from June 16 to June 22.

KUALA LUMPUR, June 15 — Malaysia’s natural rubber (NR) production decreased by 20 per cent to 22,498 tonnes in April 2022 compared with 28,106 tonnes in March, said the Department of Statistics Malaysia (DOSM).