KUALA LUMPUR, Dec 1 — The Producer Price Index (PPI) for local production surged 13.2 per cent year-on-year (y-o-y) in October 2021 to hit a new record high, mainly due to higher commodity prices, said the Department of Statistics Malaysia.

KUALA LUMPUR, Dec 1 — Should the Omicron variant lead to a resurgence of Covid-19 infections, the hardest-hit economies will be those with lower vaccination rates, higher dependence on tourism and lower capacity to offer additional fiscal and monetary policy support to offset the variant’s impact on growth.

KUALA LUMPUR, Nov 30 — The ringgit settled higher against the US dollar on Tuesday, rebounding after 10 straight trading days of loss, lifted by renewed demand as investors were optimistic about the global economic outlook.

KUALA LUMPUR, Nov 30 — Net financing growth increased slightly to 4.0 per cent in October from 3.9 per cent in September, reflecting higher growth in outstanding loans, amid moderation in outstanding corporate bond growth, said Bank Negara Malaysia (BNM) today.

KUALA LUMPUR, Nov 30 — The Malaysia External Trade Development Corporation (Matrade) is promoting greater business cooperation between Malaysia and Vietnam to achieve US$18 billion (RM76.14 billion) bilateral trade by 2025.

KUALA LUMPUR, Nov 30 — A sales promotion, “Jualan Keluarga Malaysia” (Malaysian Family Sale), will be held in all the 222 parliamentary constituencies twice a month on a monthly basis beginning Dec 4 as part of the government’s efforts to ensure consumers get necessities at cheaper prices.

KUALA LUMPUR, Nov 29 — The ringgit settled almost flat against the US dollar on Monday as growing concerns over the global economic outlook kept investors on the sideline, dealers said.

KUALA LUMPUR, Nov 29 — The ringgit opened slightly higher against the US dollar today, as the greenback retreated on concerns about the latest coronavirus variant and travel controls being imposed by various countries.

KUALA LUMPUR, Nov 27 — The ringgit is projected to stay weak next week as the increasing Covid-19 cases with a new variant and likelihood of the US Federal Reserve to accelerate the tapering pace are set to provide a strong support for the US dollar.

KUALA LUMPUR, Nov 26 — The ringgit slipped further to open lower against the US dollar on Friday as the greenback continues to rally amid the release of Initial Jobless Claims data, which helped the US currency gain versus its counterparts.

KUALA LUMPUR, Nov 25 — The ringgit extended its downtrend for the fourth consecutive day to open lower against the US dollar amid expectations for a faster tapering process and possible rate hikes by the Federal Reserve, an analyst said.

KUALA LUMPUR, Nov 23 — The ringgit extended its downtrend against the US dollar to open lower today as strong demand for the greenback continues to uplift the currency, an analyst said.

KUALA LUMPUR, Nov 22 — The government approved 4,545 manufacturing projects with proposed investments totalling RM450.5 billion from 2016 until June 2021, according to Deputy International Trade and Industry Minister Datuk Lim Ban Hong.

KUALA LUMPUR, Nov 20 — The ringgit is likely to continue its decline against the US dollar next week amid the absence of local market catalyst and the strengthening greenback.

KUALA LUMPUR, Nov 19 — The ringgit extended its downtrend against the US dollar today, in tandem with regional peers as the greenback firmed broadly, taking a cue from positive US economic data, a dealer said.

PUTRAJAYA, Nov 19 — The National Wage Consultative Council (MPGN) is still discussing the proposal on whether to maintain or increase the minimum wage rate before being tabled for the Cabinet’s consideration, Human Resource Minister Datuk Seri M.

KUALA LUMPUR, Nov 19 — The gradual recovery in the labour market in the third quarter of 2021 (3Q 2021) was supported by transition to the National Recovery Plan (NRP), coupled with the rise in vaccination rate, according to the Department of Statistics Malaysia (DOSM).

TOKYO, Nov 19 — Japan will spend a record 55.7 trillion yen (US$488 billion, or RM2.04 trillion) on an economic stimulus package aimed at easing the impact from the coronavirus pandemic, Kyodo news reported government sources said on Thursday.

KUALA LUMPUR, Nov 19 — Malaysia has strong participation in non-equity mode (NEM) exports and connected strongly with the global value chains of transnational corporations (TNCs), the Asean-Japan Centre (AJC) said.

KUALA LUMPUR, Nov 19 — The ringgit opened marginally higher against the US dollar today despite improvement in the United States labour market data with the four-week moving average Initial Jobless Claims declining to 272,750 last week from the previous week of 278,000, said an analyst.