CYBERJAYA, May 20 — Economy Minister Rafizi Ramli today announced the realignment of three bumiputera-mandated agencies under the supervision of the ministry, in line with the Madani government's goal to empower and boost the economic participation of bumiputera in a strategic, sustainable and effective manner.

KUALA LUMPUR, May 20 — The Madani government's success in attracting investments last year, which rose 23 per cent to a historic high of RM329.5 billion, will create thousands of new jobs, including high-skilled jobs, for the people and raise their per capita income in the process.

KUALA LUMPUR, May 20 — Bursa Malaysia continued its uptrend in early trading today despite the mixed Wall Street performance, taking the cue from the positive economic growth in Malaysia, a dealer said.

KUALA LUMPUR, May 20 — The ringgit started trading slightly higher on Monday against the US dollar amid fresh optimism about the prospects of a September US Federal Reserve rate cut.

SAMARKAND, May 19 — The Investment, Trade and Industry Ministry is diversifying trade efforts by focusing on non-traditional trading partners to address the challenges in the era of globalisation.

KUALA LUMPUR, May 18 — The ringgit is expected to trade in a narrow range of 4.67 to 4.69 against the US dollar next week due to the absence of key economic data, said Kenanga Investment Bank Bhd.

KUALA LUMPUR, May 17 — RHB Investment Bank Bhd (RHB IB) expects Malaysia’s economic growth to accelerate above five per cent year-on-year (y-o-y) in the second quarter of 2024 (2Q 2024) and likely persist into the next quarter.

KUALA LUMPUR, May 17 — The ringgit closed slightly lower on Friday against the US dollar on profit-taking following recent gains.

KUALA LUMPUR, May 17 — MIDF Research has maintained its 2024 gross domestic product (GDP) growth forecast at 4.7 per cent, as positive growth momentum is expected to continue in the coming quarters.

KUALA LUMPUR, May 17 — Malaysia’s economy remains fundamentally strong despite concerns over rising living costs and the weakening ringgit, largely driven by consumer spending, the tech upcycle, and increased revenue from the travel and tourism industry.

KUALA LUMPUR, May 17 — The Malaysia External Trade Development Corporation (Matrade) has generated total sales of RM250 million through an export acceleration mission to Egypt and Libya.

KUALA LUMPUR, May 17 — Malaysia’s current account balance (CAB) surplus surged to RM16.2 billion, equivalent to 3.5 per cent of the gross domestic product in the first quarter of (1Q) 2024, mainly fuelled by the income and goods accounts.

KUALA LUMPUR, May 17 — Bank Negara Malaysia’s (BNM) initiatives have helped cushion the pressure on the ringgit, resulting in the local currency appreciating by 0.5 per cent on a nominal effective exchange rate (NEER) basis.

KUALA LUMPUR, May 17 — Headline inflation is expected to remain moderate this year between 2.0 per cent and 3.5 per cent, broadly reflecting stabilising demand and contained cost pressures, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, May 17 — The Malaysian economy expanded at a higher rate of 4.2 per cent in the first quarter (1Q) of 2024 from 2.9 per cent in 4Q 2023, driven by stronger private expenditure and positive turnaround in exports.

UNITED NATIONS, May 17 — Global economic prospects have improved thanks to strong performances in the United States and large emerging economies, although vulnerabilities remain, showed a United Nations report released yesterday.

BANGKOK, May 17 — Malaysia has overtaken Thailand as Asean’s second-largest auto market after Indonesia, reflecting a major shift in a region that has become a key battleground for Asian automakers, Japan’s Nikkei Asia online newspaper reported.

ASTANA, May 17 — Malaysia and Kazakhstan have agreed to continue strengthening their relationship, which was established on March 16, 1992, and exploring new areas of cooperation.

KUALA LUMPUR, May 16 — The ringgit has staged a commendable performance against the greenback at the close as it rallied to RM4.68 — a level last seen two months ago as the recent United States (US) inflation data has boosted hopes for an interest rate cut in the US.

KUALA LUMPUR, May 16 — Students at institutions of higher learning (IPT) will have access to existing information and findings of research at ministries and government agencies before May 24, said Science, Technology and Innovation Minister Chang Lih Kang.