KUALA LUMPUR, July 22 —  The ringgit rebounded to end higher against the US dollar on Thursday, backed by rising crude oil prices amid the high number of daily Covid-19 cases in Malaysia.

KUALA LUMPUR, July 19 —  As the world deals with the global climate crisis, it is crucial for Malaysia to enhance its sustainability initiatives to ensure a better future for the younger generation, said Swedish Ambassador to Malaysia, Dag Juhlin-Dannfelt.

KUALA LUMPUR, July 19 —  Malaysia’s fiscal deficit is expected to go up to between 6.5 and seven per cent of its gross domestic product (GDP) this year from the six per cent targeted earlier, after factoring in the recent stimulus packages announced by the government.

KUALA LUMPUR, July 19 — The ringgit has extended its downtrend last week to open weaker against the US dollar today due to the continuing lack of buying interest, as investors remained concerned over the surge in the Covid-19 cases, traders said.

KUALA LUMPUR, July 16 — The ringgit opened firmer against the greenback today as US stocks tumbled after Federal Reserve chairman Jerome Powell’s dovish testimony failed to provide any fresh catalysts to buy risky assets, an analyst said.

KUALA LUMPUR, July 15 — The ringgit opened slightly better against the US dollar today on renewed demand, despite the declining global oil prices and concerns over the dollar inflation, a trader said.

KUALA LUMPUR, July 14 —  Malaysia’s natural rubber production increased to 22.4 per cent to 28,164 tonnes in May 2021 compared to 23,013 tonnes in the previous month, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 14 — The ringgit weakened further against the US dollar at the opening today, as investors adopted a cautious stance due to the sharp increase in daily Covid-19 cases in Malaysia to above the 10,000 mark, an analyst said.

KUALA LUMPUR, July 13 — Malaysia needs to learn and rethink basic assumptions about the economy for it to move forward and help people in distress, said prominent economist Jomo Kwame Sundaram.

KUALA LUMPUR, July 13 — Malaysia’s export growth is projected to rebound by 8.2 per cent in 2021 driven by the improvement in external demand, said Deputy International Trade and Industry Minister Senator Datuk Lim Ban Hong.

KUALA LUMPUR, July 13 —  There is a need for customisation of policies and programmes to enable the identification of sectors or regions where more support is needed amid lockdowns being implemented in the country, said the Economic Club of Kuala Lumpur (ECKL) today.

KUALA LUMPUR, July 13 — The ringgit opened slightly lower against the US dollar despite the firmer crude oil price, as global concerns on the rising Covid-19 cases continue to trigger some safe-haven flows into the greenback.

KUALA LUMPUR, July 12 — Some Asia-Pacific countries, including Malaysia, are expected to take significant hits in terms of economic growth in the third quarter (Q3) this year due to a resurgence in Covid-19 infections in the region, according to Moody’s Analytics.

KUALA LUMPUR, July 12 — Malaysia’s manufacturing sales grew 37.2 per cent year-on-year to RM122.7 billion in May 2021.

KUALA LUMPUR, July 12 — The ringgit opened firmer against the US dollar, backed by rising crude oil prices amid the higher number of Covid-19 cases in Malaysia.

KUALA LUMPUR, July 10 —   The ringgit is likely to move between 4.17 and 4.19 against the US dollar next week weighed by rising Covid-19 cases in the country and lack of positive catalysts.

KUALA LUMPUR, July 9 —  Bank Negara Malaysia (BNM) is anticipated to maintain the current Overnight Policy Rate (OPR) of 1.75 per cent until year-end after the Monetary Policy Committee (MPC) meeting yesterday stayed put on the rate, analysts said.

KUALA LUMPUR, July 9 — The ringgit opened firmer against the US dollar on Friday, buoyed by the rise in oil prices.

KUALA LUMPUR, July 8 — The ringgit opened weaker against the US dollar today as market participants took note of the political and Covid-19 situation in Malaysia, a dealer said.

KUALA LUMPUR, July 7 — The ringgit slid by 70 basis points against the US dollar today despite the firmer crude oil prices, as cautious sentiment prevailed after the local Covid-19 daily tally rose above 7,000 yesterday.