KUALA LUMPUR, April 27 — The tax regime in Malaysia should stay current and continue to be sustainable to attract new domestic and foreign direct investments into the country in the wake of the changing investment landscape posed by Covid-19.

KUALA LUMPUR, April 27 — The ringgit retreated from yesterday's gains to open slightly lower against the US dollar today on renewed concerns about the global economic outlook, said an analyst.

KUALA LUMPUR, April 27 — Sime Darby Plantation Bhd (SDP) had on Tuesday submitted a report to the United States Customs and Border Protection (CBP) which will go towards lifting the Withhold Release Order (WRO) imposed on the company since December 2020.

KUALA LUMPUR, April 26 — The ringgit snapped its seven-day losing streak to rebound slightly on Tuesday as the market entered correction mode.

KUALA LUMPUR, April 26 — Westports Holdings Bhd registered a lower net profit of RM151.85 million in the first quarter ended March 31, 2022 (Q1FY22) from RM208.32 million a year ago, mainly due to the one-off prosperity tax.

KUALA LUMPUR, April 26 — The Economic Planning Unit (EPU) and Malaysia Petroleum Resources Corporation (MPRC) plan to kick off 15 initiatives this year under the National Oil & Gas, Services and Equipment (OGSE) Industry Blueprint 2021-2030.

KUALA LUMPUR, April 26 — Data analytics company FICO has posited that 57 per cent of small and medium enterprises (SMEs) are expected to take up new or alternative borrowing products in 2022.

KUALA LUMPUR, April 26 — The ringgit opened slightly higher against the US dollar today on renewed buying interest amid slightly easing demand for the greenback due to softer US Treasury yields, said an analyst.

KUALA LUMPUR, April 25 — The ringgit, along with other major currencies, continued to be under pressure after expectations of a 50-basis points (bps) rate hike by the US Federal Reserve (Fed) supported the US dollar.

KUALA LUMPUR, April 25 — Malaysia's Leading Index (LI) recorded a healthier month-on-month (m-o-m) trend in February 2022, increasing to 110.8 points from 110.1 points in the preceding month, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, April 25 — Malaysia is set to benefit from palm oil importers shifting demand from Indonesia to Malaysia following Indonesia's ‘surprising’ and ‘unexpected measure’ to impose an export ban on the commodity, which will also further raise overall global vegetable oil prices, Public Investment Bank said.

KUALA LUMPUR, April 25 — Kenanga Investment Bank Bhd (Kenanga) expects the ringgit to rebound and appreciate by 0.9 per cent to 4.286 against the US dollar this week.

KUALA LUMPUR, Apr 25 — The global supply chain disruptions due to the Covid-19-triggered lockdowns in China and the ongoing Russia-Ukraine war may continue to boost costs, causing inflation to rise.

KUALA LUMPUR, April 25 — The ringgit extended its downtrend against the US dollar on Monday on stronger buying support for the greenback as the market turns its focus on the upcoming US Federal Open Market Committee (FOMC) meeting on May 3 and 4, said an analyst.

PONTIAN, April 24 — Indonesia’s move to ban exports of its palm oil starting Thursday next week is expected to have a massive impact on the global edible oils and fats market.

KUALA LUMPUR, April 23 — The Ministry of Finance (MOF) said the ringgit has remained competitive, with inflation in check, despite headwinds from global geopolitical tensions and uncertainties.

KUALA LUMPUR, April 23 — The ringgit is anticipated to stabilise against the US dollar next week as the US Federal Reserve (Fed) is about to enter a blackout period ahead of its two-day meeting starting May 3.

KUALA LUMPUR, April 22 — Vehicle sales in Malaysia increased to 73,222 units in March this year compared to 64,938 units during the same month last year, the Malaysian Automotive Association (MAA) said.

KUALA LUMPUR, April 22 — The ringgit ended lower and reached the 4.30-level against the US dollar on Friday, a level last seen in June 2020.

KUALA LUMPUR, April 22 — Malaysia’s Consumer Price Index (CPI) in March 2022 rose by 2.2 per cent to 125.6 against 122.9 in March 2021, surpassing the average inflation for January 2011-March 2022 period which stood at 1.9 per cent, said the Statistics Department today.