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.

KUALA LUMPUR, May 13 — Pegging the ringgit will not be in the best interest of Malaysia as it will have substantial risks, one of which is mirroring the monetary policy of the country that the local currency is pegged against, Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus said.

KUALA LUMPUR, May 13 — Bank Negara Malaysia (BNM) today stressed the importance of recalibrating the monetary policy to avoid the need to be aggressive in raising interest rates, said governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, May 13 — Malaysia's economic growth picked up pace in the first quarter and was likely to accelerate further this year amid sustained demand and the reopening of international borders, the central bank said on Friday.

KUALA LUMPUR, May 13 — Malaysia’s economy has rebounded in the first quarter of 2022 (Q1 2022), registering a five per cent growth versus a contraction of 0.5 per cent in Q1 2021.

KUALA LUMPUR, May 13 — The ringgit opened slightly higher against the US dollar today, ahead of the first quarter (Q1) gross domestic product (GDP) announcement by Bank Negara Malaysia (BNM) later today, an analyst said.

KUALA LUMPUR, May 12 — Banks are revising their reference rates following Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) increased to two per cent from 1.75 per cent.

KUALA LUMPUR, May 12 — The ringgit settled 0.39 per cent lower against the US dollar today due to a sell-off following the decline in global crude oil prices, said an analyst.

KUALA LUMPUR, May 12 — The Malaysia Pavilion at Expo 2020 Dubai has generated potential trade, investments and business leads worth more than RM70 billion through its extensive trade and business programmes.

KUALA LUMPUR, May 12 — Malaysia’s wholesale and retail trade sales registered a growth of 3.9 per cent year-on-year (y-o-y) in the first quarter of 2022 (Q1 2022), said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 12 — Malaysia’s wholesale and retail trade sales rose 9.8 per cent year-on-year (y-o-y) to RM123.8 billion in March 2022, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, May 12 — Revenue for the services sector in the country soared 10.4 per cent to RM473.0 billion in the first quarter (Q1) of 2022 from RM428.5 billion in Q1 2021, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, May 12 — The earlier-than-anticipated 25-basis-point (bps) increase in the overnight policy rate (OPR) to 2.0 per cent was viewed by research firms as having no impact on banks’ loan growth, though short-term volatility is anticipated.

KUALA LUMPUR, May 12 — The ringgit reversed yesterday’s gains to open slightly lower against the US dollar this morning as sentiment for the greenback strengthened, an economist said.

KUALA LUMPUR, May 12 — The government needs to regulate the rise in prices of goods to mitigate inflation risks, said an economist.

PUTRAJAYA, May 11 — The cooking oil that is reported to have experienced a price hike of up to RM10 for a five kg bottle is not regulated under the Price Control and Anti-Profiteering Act (AKHAP) 2011 as it is categorised as blended cooking oil.

KUALA LUMPUR, May 11 — Maybank will revise upwards its base rate (BR) and base lending rate (BLR) by 25 basis points effective May 13, 2022, following the announcement today on the overnight policy rate (OPR) increase.

KUALA LUMPUR, May 11 — The ringgit ended higher for the second straight session today against the US dollar on continued buying interest after an unexpected interest rate hike by the central bank and on anticipation of a better first-quarter gross domestic product (GDP) result, said an analyst.

PUTRAJAYA, May 11 — Malaysia’s labour market rebounded in the first quarter of 2022, adding 148,520 jobs compared to the same quarter of the preceding year to record 8.57 million jobs, while the quarter-on-quarter basis increased by 41,400 jobs, said Chief Statistician Datuk Seri Mohd Uzir Mahidin.

PADANG BESAR, May 11 — The Ministry of Agriculture and Food Industries (Mafi) has set a target to reduce livestock feed imports by 30 per cent by the year 2030 through its Grain Corn Industry Development Project.