KUALA LUMPUR, May 31 — The ringgit retreated to end the week marginally lower against the US dollar as the latter held steady ahead of the key United States (US) inflation data due to be released later today.

PUTRAJAYA, May 31 — The median monthly wages for the formal sector increased 4.9 per cent year-on-year to RM2,900 in December 2023, the Department of Statistics Malaysia (DOSM) reported in its Quarterly Employee Wages Statistics (Formal Sector) Report, Fourth Quarter 2023’s Summary, which was released today.

PUTRAJAYA, May 31 — The estimated savings of RM4 billion from the targeted diesel subsidy implementation are expected to give the government a larger fiscal space in efforts to increase the quality of various services that are important for the people.

KUALA LUMPUR, May 31 — The ringgit opened on a positive note against the US dollar today on subdued demand for the American dollar due to weaker economic data from the United States (US).

KUALA LUMPUR, May 30 — The ringgit closed marginally higher as markets await the United States (US) Federal Reserve’s (US Fed) inflation data and personal consumption expenditures (PCE) price index report for April, an analyst said.

KUALA LUMPUR, May 30 — Taiwan-based semiconductor companies are optimistic about business prospects in Malaysia's semiconductor industry, given its solid foundation and thriving semiconductor ecosystem that offers potential long-term growth.

KUALA LUMPUR, May 30 — The ringgit opened lower against the US dollar today, extending its downtrend from yesterday’s closing due to higher demand for the greenback, said an analyst.

KUALA LUMPUR, May 29 — The ringgit closed lower against the United States (US) dollar on Wednesday as upbeat consumer sentiment data in the US, coupled with rising 10-year US Treasury bond yields, has renewed worries that US interest rates would stay higher for longer.

KUALA LUMPUR, May 29 — The retail prices for RON97 and RON95 petrol as well as diesel will remain unchanged at RM3.47, RM2.05, and RM2.15 per litre, respectively, from May 30 to June 5.

KUALA LUMPUR, May 29 — The rising Producer Price Index (PPI) inflation of 1.9 per cent year-on-year (y-o-y) in April 2024 signals higher cost pressures for local businesses, said MIDF Research.

KUALA LUMPUR, May 29 — The ringgit opened lower against the US dollar due to the strengthening of the US dollar index, but rose against other major currencies, according to an analyst.

KUALA LUMPUR, May 29 — The Retirement Fund Inc (KWAP) plans to create 12 funds under the newly launched ‘Dana Pemacu’, with four funds each in the private equity, infrastructure and real estate asset classes.

KUALA LUMPUR, May 28 — The ringgit closed higher against the US dollar today as investors remained wary of the global economic outlook ahead of key United States (US) inflation data to be released later in the week.

KUALA LUMPUR, May 28 — Malaysia is leading the world in mobile wallet usage, with 63 per cent of Malaysians utilising mobile wallets for transactions, said global financial technology platform Adyen.

KUALA LUMPUR, May 28 — Malaysian Resources Corporation Bhd (MRCB) anticipates that the rationalisation of diesel fuel subsidies will not affect its operational efficiency, project timelines, service delivery, or cost base.

KUALA LUMPUR, May 28 — The government is set to introduce a new dimension to its sukuk issuance through the 'wakalah bil-khadamat’ structure, as part of Malaysia’s ongoing efforts to bolster the investment ecosystem in the country, Prime Minister Datuk Seri Anwar Ibrahim announced.

KUALA LUMPUR, May 28 — The Malaysia chapter of the Asean Business Advisory Council (Asean-Bac) will propose that Asean countries recognise a category called the Asean Business Entity (ABE) to foster companies that are neither strictly local nor global, encouraging more regional business.

KUALA LUMPUR, May 27 — The ringgit rebounded to end higher against the US dollar today as the greenback weakened ahead of the United States (US) inflation data due this week, which would provide guidance on the global interest rate outlook.

KUALA LUMPUR, May 27 — A survey has revealed that family businesses in Malaysia place relatively equal importance on incorporating family relationships, family entrepreneurship, and future generations in their commitment to maintaining an entrepreneurial legacy across generations.

KUALA LUMPUR, May 27 — Bursa Malaysia opened higher today tracking last week’s upbeat Wall Street performance, said an analyst.