KUALA LUMPUR, May 8 — The ringgit was lower against the US dollar at the close on Wednesday due to a lack of demand as the US Dollar Index (DXY) continued to strengthen, said an economist.

KUALA LUMPUR, May 8 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged at RM3.47, RM2.05, and RM2.15 per litre, respectively, from tomorrow until May 15.

KUALA LUMPUR, May 8 — The Services Producer Price Index (SPPI) averaged 115.8 points in the first quarter of 2024 (1Q 2024), marking a one per cent increase, mirroring the fourth quarter of 2023 (4Q 2023), said the Department of Statistics Malaysia (DoSM).

KUALA LUMPUR, May 8 — Bank Negara Malaysia (BNM) is expected to extend its rate pause pending finer details on fuel subsidy rationalisation plans, keeping the overnight policy rate (OPR) at 3 per cent at the upcoming monetary policy meeting tomorrow, said CIMB Treasury and Markets Research.

KUALA LUMPUR, May 8 — The ringgit retraced yesterday's gains to open weaker on Wednesday, as the greenback strengthened against other major currencies, analysts said.

KUALA LUMPUR, May 7 — The Malaysian Communications and Multimedia Commission will sign a memorandum of understanding with Microsoft on May 14 to develop a digitally skilled workforce, particularly in the artificial intelligence (AI) sector.

KUALA LUMPUR, May 7 — The 3D Visualisation and Virtual Augmented Mixed Reality (VAMR) lab targets to equip 1,600 highly skilled technical workers to support the industry within two years, said Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz.

BENGALURU, May 7 — Bank Negara Malaysia (BNM) will leave its key interest rate at 3.00 per cent and keep it unchanged at least until 2026, despite a weakening currency and a steady inflation outlook, a Reuters poll of economists found.

KUALA LUMPUR, May 7 — The ringgit opened slightly higher on Tuesday, driven by mild demand for the domestic note and the weakening of the greenback due to lower US Treasury yields.

KUALA LUMPUR, May 6 — The Investment, Trade and Industry Ministry has called upon local companies to establish investment partnerships with companies from Saudi Arabia, especially in the services sector.

KUALA LUMPUR, May 6 — Prime Minister Datuk Seri Anwar Ibrahim has called for a global unified response as the world confronts an increasingly fragmented global landscape that threatens collective security and prosperity.

KUALA LUMPUR, May 6 — Malaysia hopes to collaborate with other Asean members to strive for better regulation of the communications and multimedia industry and work more closely as a bloc, said Communications Minister Fahmi Fadzil.

KUALA LUMPUR, May 6 — The ringgit continued its uptrend from Friday’s closing to open higher today amid the weakening greenback and lower US Treasury yields, analysts said.

GEORGE TOWN, May 5 — Prime Minister Datuk Seri Anwar Ibrahim has urged all implementing agencies to prioritise training youth on artificial intelligence (AI) so the country does not fall behind in the field.

KUALA LUMPUR, May 5 — Malaysian plantation companies should improve transparency and accountability in their environmental, social, and governance (ESG) reporting to enhance credibility, said an academician.

KUALA LUMPUR, May 4 — The ringgit is expected to trade cautiously against the US dollar in the near term as investors continue to closely watch local and global economic developments moving forward, an analyst said.

KUALA LUMPUR, May 3 — The ringgit extended its positive performance to close higher against the US dollar on Friday, in line with the positive momentum in regional currencies as more investors shifted from safe-haven currencies.

KUALA LUMPUR, May 3 — The country faces higher gas imports for electricity generation if it continues to depend on the commodity without efforts to accelerate the transition to more sustainable energy, said Economy Minister Rafizi Ramli.

KUALA LUMPUR, May 3 — The newly appointed board of directors of Digital Nasional Bhd (DNB) will meet on Tuesday to look into the due diligence report on the 5G share sale agreement (SSA), before making recommendations for the second 5G network, said Digital Minister Gobind Singh Deo.

KUALA LUMPUR, May 2 — The ringgit rebounded from yesterday’s losses to close higher against the US dollar on Thursday amid positive performance by regional currencies.