KUALA LUMPUR, April 24 — Malaysia will continue to diversify and reduce its reliance on major trading partners in order to cushion shocks due to geopolitical tensions, said Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, April 24 — The Investment, Trade and Industry Minister (Miti) has until the end of May this year to prepare a comprehensive Strategic Semiconductor Masterplan that will ensure Malaysia’s relevance while also progressing up the global supply chain.

KUALA LUMPUR, April 24 — A meeting with 70 financial fund investors and corporate members at the recently concluded Joint Investors Meeting in London has touched on the Madani government’s immediate action to stimulate strategic investment in important technologies, according to the Finance Ministry (MoF).

KUALA LUMPUR, April 24 — BMI, a Fitch Solutions company, foresees Malaysia's household spending growing by 5.0 per cent year-on-year (y-o-y) over 2024 to RM903.8 billion as economic growth persists and consumption levels normalise.

KUALA LUMPUR, April 24 — The ringgit rebounded in early trade Wednesday as the US dollar retreated after S&P Purchasing Managers' Index data disappoint.

KUALA LUMPUR, April 23 — The rise in the FTSE Bursa Malaysia KLCI (FBM KLCI) to its highest level this year at 1,567.57 points under the administration of the Unity Government led by Prime Minister Datuk Seri Anwar Ibrahim confirms the Malaysian economy will continue to strengthen.

KUALA LUMPUR, April 23 — The ringgit closed slightly lower on Tuesday against the greenback after Asian foreign exchange (FX) markets displayed a mixed performance against the US dollar.

KUALA LUMPUR, April 23 — The ringgit is poised to strengthen this year, driven by significant events which could bolster the local currency.

KUALA LUMPUR, April 23 — The ringgit lost ground slightly against the US dollar as the market awaits more macro data releases this week, including the US advance gross domestic product (GDP) for the first quarter and March Personal Consumption Expenditures (PCE) data to gauge the future interest rate outlook.

KUALA LUMPUR, April 22 — The ringgit gained some ground against the US dollar at the closing today following a decline in the US Dollar Index (DXY), said an analyst.

KUALA LUMPUR, April 22 — There are a limited number of start-ups or high-tech companies poised for listing on Bursa Malaysia, as the majority of corporations in Malaysia remain in traditional sectors, said Economy Minister Rafizi Ramli.

KUALA LUMPUR, April 22 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$113.4 billion as of April 15, 2024, compared with US$113.8 billion as of March 29, 2024.

KUALA LUMPUR, April 22 — The ringgit traded lower against the US dollar in early trade on Monday amid the ongoing Middle East tension that has kept crude oil prices elevated, resulting in further challenges for central banks to meet their inflation goal this year that would result in a higher for longer interest rate environment, especially in the United States.

KUALA LUMPUR, April 20 — The ringgit is likely to trade in the same range of around RM4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.

KUALA LUMPUR, April 19 — The ringgit ended the week on a positive note, closing higher against the US dollar for the third consecutive session, boosted by positive sentiments on the advance estimates for Malaysia’s gross domestic product (GDP) that came in better than expected, said an analyst.

LOS ANGELES, April 19 — Cryptocurrencies fell heavily and bitcoin broke below $60,000 on Friday in a rush out of risky assets following reports of an Israeli missile strike on Iran.

KUALA LUMPUR, April 19 — Malaysia's trade performance for January-March 2024 continued its upward trajectory, recording 7.1 per cent year-on-year (y-o-y) growth to RM690.59 billion, with a RM34.22 billion surplus, said the Investment, Trade and Industry Ministry (Miti).

KUALA LUMPUR, April 19 — Malaysia has demonstrated its ability to turn approved investments into actual investments, with as much as 78.7 per cent of the total approved investments from 2018 to June 2023 already realised, said Malaysian Rating Corporation Bhd (MARC).

KUALA LUMPUR, April 19 — Malaysia's economy is forecast to have grown by 3.9 per cent in the first quarter of 2024 (1Q 2024) based on advance estimates, compared to 3.0 per cent in the previous quarter, spearheaded by the services sector, according to the Statistics Department (DOSM).

KUALA LUMPUR, April 19 — The ringgit opened easier against the US dollar today as the greenback strengthened further following the Federal Reserve’s (Fed) official hawkish stance.