KUALA LUMPUR, May 2 — The additional US$2.2 billion (RM10.5 billion) investment by Microsoft in the country over the next four years is the largest single investment by the company in the 32 years it has operated in Malaysia.

KUALA LUMPUR, May 2 — The ringgit opened a tad lower against the US dollar today after the US Federal Reserve (Fed) kept its benchmark interest rate unchanged.

KUALA LUMPUR, April 30 — The ringgit closed marginally lower against the US dollar on Tuesday as the greenback stayed firm ahead of the US Federal Reserve (US Fed) meeting today and tomorrow.

KUALA LUMPUR, April 30 — Malaysia’s official reserve assets amounted to US$113.76 billion by the end of March, while other foreign currency assets stood at US$1.61 billion, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, April 30 — The ringgit opened marginally lower against the US dollar today ahead of the highly anticipated Federal Open Market Committee (FOMC) meeting which will begin tonight.

KUALA LUMPUR, April 29 — The ringgit ended flat against the US dollar on Monday as investors took the ‘wait-and-see’ approach ahead of the latest economic assessment by the United States' (US) Federal Open Market Committee (FOMC) during its meeting on April 30 and May 1.

RIYADH, April 29 — Saudi Arabia-based renewable energy giant ACWA Power has expressed interest in investing over US$10 billion (RM47.7 billion) in Malaysia over a 10-year period in collaboration with Bursa Malaysia-listed renewable energy firm Cypark Resources Bhd.

RIYADH, April 29 — Malaysia and Saudi Arabia are currently discussing new investments into the country, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, April 29 — Malaysia's total trade with China increased 3.3 per cent year-on-year to over RM112 billion in the first quarter of this year, according to the Malaysia External Trade Development Corporation (Matrade).

KUALA LUMPUR, April 29 — The ringgit opened easier against the US dollar on Monday as investors remained on the sidelines in anticipation of a number of significant global events and data points, including the upcoming Federal Open Market Committee (FOMC) meeting.

KUALA LUMPUR, April 28 — Malaysia believes there is a need to revisit commitments to sustainable development, efficient global resources, and fair and balanced trade among countries, said the Investment, Trade, and Industry Ministry (Miti).

KUALA LUMPUR, April 27 — The ringgit is expected trend around 4.77 to the US dollar next week as the greenback maintains its strength and as market continues diminishing the expectations of interest rate cuts particularly in the United States (US).

KUALA LUMPUR, April 26 — AirAsia Group Sdn Bhd (AAG) is poised to be listed on Bursa Malaysia in September, taking over the listing status of AirAsia X Bhd, said Capital A Bhd chief executive officer Tan Sri Tony Fernandes.

KUALA LUMPUR, April 26 — Malaysia’s Producer Price Index (PPI), which measures the price changes of goods at the producer level, increased by 1.6 per cent in March 2024 compared with 0.3 per cent in February 2024, said the Statistics Department (DOSM).

KUALA LUMPUR, April 26 — CIMB Investment Bank Bhd (CIMB IB) expects the impact of the Employee Provident Fund’s (EPF) introduction of a third account, which allows for flexible withdrawals, on Malaysian Government Securities (MGS) and Government Investment Issues (GII) demand to be mitigated by strong net contributions, ample onshore liquidity, and government-linked investment company (GLIC) and government-linked company (GLC) repatriation.

KUALA LUMPUR, April 26 — The ringgit was lower against the greenback in early trade on Friday despite the continuing downward bias of the US dollar after discouraging gross domestic (GDP) print ahead of the Fed’s release of the inflation gauge for March, tonight.

KUALA LUMPUR, April 25 — Capital A Bhd has entered into a conditional share sale and purchase agreement with AirAsia Group Sdn Bhd (AAG) to dispose of its 100 per cent equity interest in AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) for RM6.8 billion.

KUALA LUMPUR, April 25 — The ringgit traded marginally higher at the close on Thursday against the US dollar ahead of first quarter gross domestic product (GDP) data in the United States later tonight.

KUALA LUMPUR, April 25 — Malaysia’s inflation remained at 1.8 per cent in March 2024 with the index recording 132.2 points versus 129.9 in the same period last year, said the Statistics Department (DOSM).

KUALA LUMPUR, April 25 — The ringgit extended its downward trend as the US dollar remained elevated while market players await the release of the United States’ first-quarter (1Q) gross domestic product (GDP) data later today, as well as the March Personal Consumption Expenditures (PCE) data tomorrow.