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.

KUALA LUMPUR, May 11 — Bank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points to 2.00 per cent at its third Monetary Policy Committee (MPC) meeting this year.

KUALA LUMPUR, May 11 — The value of construction work done in the first quarter (Q1) of 2022 contracted 6.1 per cent on a year-on-year basis to RM29.5 billion, the Department of Statistics Malaysia (DOSM) said.

BENGALURU, May 11 — Malaysia's economic growth likely gathered pace in the last quarter, driven by stronger demand following a relaxation of Covid-19 measures, but a prolonged slowdown in China could have significant knock-on effects, a Reuters poll found.

MUMBAI/KUALA LUMPUR, May 11 — Indonesia's "unpredictable" palm oil export policies may help Malaysia emerge as the dominant supplier to India, the world's top buyer of the edible oil, industry sources said.

KUALA LUMPUR, May 11 — Malaysia’s natural rubber production decreased marginally by 2.7 per cent to 28,030 tonnes in March 2022 compared with February's 28,817 tonnes, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 11 — The Building Material Cost Index (BCI) without steel bars and with steel bars has increased for all building categories between 0.1 and 3.6 per cent in April 2022 with Peninsular Malaysia between 0.6 and 3.4 per cent, Sabah between 0.1 and 2.4 per cent and Sarawak between 0.8 and 3.6 per cent, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 11 — The current high inflation will cause significant but temporary credit effects in many countries, as the actions of central banks will help push inflation lower next year, and ease further in 2024 with economic growth recovering towards trend, Moody’s Investors Service said in a report.

KUALA LUMPUR, May 11 — The ringgit turned slightly lower against the US dollar today amid cautious sentiment ahead of Bank Negara Malaysia’s (BNM) interest rate decision later today, an analyst said.

BENGALURU, May 11 — Malaysia's economic growth likely gathered pace in the last quarter, driven by stronger demand following a relaxation of Covid-19 measures, but a prolonged slowdown in China could have significant knock-on effects, a Reuters poll found.

KUALA LUMPUR, May 10 — The ringgit rebounded from two straight days of losses to end marginally higher against the US dollar today on renewed buying interest, said an analyst.

KUALA LUMPUR, May 10 — Malaysia's palm oil exports amounted to RM7.5 billion in March 2022, with Sabah recording the highest at RM1.8 billion (23.5 per cent), followed by Johor (RM1.7 billion, 23.1 per cent) and Sarawak (RM1.5 billion, 20.3 per cent), the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, May 10— Manufacturing sales rose 13.9 per cent to record the highest value of RM144.6 billion in March 2022 from RM126.9 billion in the same period last year, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 10 — Malaysia's Industrial Production Index (IPI) increased 5.1 per cent in March 2022 compared to the same month of the previous year, driven by growth in three indices, namely manufacturing, electricity and mining, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, May 10 — The ringgit opened slightly higher against the US dollar today ahead of Bank Negara Malaysia's (BNM) Monetary Policy Committee (MPC) meeting, which is scheduled for tomorrow.

KUALA LUMPUR, May 9 — The ringgit ended lower against the US dollar today as the greenback continued to strengthen amid further monetary policy tightening by the US Federal Reserve (Fed), said an analyst.

BENGALURU, May 9 — Bank Negara Malaysia (BNM) will keep its interest rate steady this week to support a still-nascent economic recovery, a Reuters poll showed, but start tightening policy next quarter to avert rising inflationary pressures.

KUALA LUMPUR, May 9 — The ringgit was traded easier against the US dollar in the early session today amid stronger demand for the greenback, said an analyst.

KUALA LUMPUR, May 7 — The ringgit is expected to remain volatile in the near term alongside other emerging market currencies.

KUALA LUMPUR, May 6 — Malaysia's palm oil inventories at the end of April likely rose for the first time in six months as production and imports climbed, a Reuters survey showed on Friday.