KUALA LUMPUR, May 20 — The ringgit rebounded to open slightly higher against the US dollar today on renewed buying interest amid slightly easing demand for the greenback due to a softer US Treasury yield, an analyst said.

PUTRAJAYA, May 19 — Malaysia’s labour productivity as measured by value-added per employment picked up in the first quarter of 2022 (Q1 2022) by 2.7 per cent to record RM23,129 per person compared to RM22,500 per person in the same quarter last year.

KUALA LUMPUR, May 19 — The ringgit closed lower today, hitting RM4.40 against the US dollar on global recession concerns, said an analyst.

PUTRAJAYA, May 19 — Approved permits (APs) to import certain agro-food commodities such as cabbage, old coconut, chicken (chicken pieces and whole chicken) and liquid milk are no longer required with immediate effect, says the Ministry of Agriculture and Food Industry (Mafi).

PUTRAJAYA, May 19 — The Ministry of Domestic Trade and Consumer Affairs has denied the allegations that a group of poultry industry cartels are planning to close poultry farms on Saturday and Sunday, a move that will affect the supply of chicken.

SINGAPORE, May 19 — The digital economy is expected to contribute 22.6 per cent of Malaysia’s gross domestic product (GDP) and create over 500,000 jobs by 2025, said Science, Technology and Innovation Minister Datuk Seri Dr Adham Baba.

KUALA LUMPUR, May 19 — The International Monetary Fund (IMF) is optimistic that Malaysia’s economy will expand by 5.75 per cent in 2022, driven by pent-up domestic demand and continued strong external demand.

KUALA LUMPUR, May 19 — The ringgit slid further to open lower at RM4.4 against the US dollar, the lowest since March 2020 following a hawkish stance by the US Federal Reserve (Fed) to tighten its monetary policy.

KUALA LUMPUR, May 18 — The ringgit closed lower against the US dollar today after a positive start yesterday due to firmer demand for the greenback as markets interpreted the US Federal Reserve chairman’s hawkish comments on easing price pressures, analysts said.

KUALA LUMPUR, May 18 — The ringgit opened slightly higher against the US dollar today in tandem with the Chinese yuan following positive development in Shanghai, an analyst said.

KUALA LUMPUR, May 18 — Bank Negara Malaysia (BNM) recently made a surprise interest rate hike, its first hike since July 2020, an uptick that was only expected in the second half of this year.

KUALA LUMPUR, May 17 — The ringgit appreciated against the US dollar at closing today, tracking the improved sentiment for the Chinese yuan following positive developments in Shanghai, amid concerns over recession in the United States (US).

KUALA LUMPUR, May 17 — Malaysian Reinsurance Bhd (Malaysian Re) disclosed that the December 2021 floods had resulted in economic losses of between RM5.3 billion and RM6.5 billion.

SINGAPORE, May 17 — Malaysia's air passenger traffic this year is forecast to increase between 197 per cent and 347 per cent year-on-year (YoY), representing between 32.6 million and 49 million passengers, according to Transport Minister Datuk Seri Dr Wee Ka Siong.

KUALA LUMPUR, May 17 — Maybank has introduced its first-ever contactless automated teller machine (ATM) cash withdrawal service in Malaysia.

KUALA LUMPUR, May 17 — The ringgit opened slightly higher against the US dollar today amid firmer global oil prices, an analyst said.

TUMPAT, May 15 — Pharmaniaga Bhd is setting up an RM300 million halal insulin and vaccine plant in Puchong, Selangor, which is expected to be fully completed by end of 2023.

KOTA BHARU, May 15 — The Department of Statistics Malaysia (DOSM) is surveying household income and expenditure nationwide which is expected to be completed by the end of this year, said Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed.

KUALA LUMPUR, May 15 — The Malaysian ringgit is playing catch up to the US dollar as surging global interest in the greenback increases its demand and value tremendously.

KUALA LUMPUR, May 14 — The ringgit is expected to trend downward against the US dollar next week on lack of catalysts, according to an analyst.