KUALA LUMPUR, April 12—The Science, Technology, and Innovation Ministry (Mosti) will launch the Single Window Initiative to strengthen Malaysia’s startup ecosystem by streamlining processes and consolidating resources under one platform.

KUALA LUMPUR, April 12 — Electrical vehicle (EV) adoption in Asean will continue to increase due to favourable regulations, launch of new models at lower prices by Chinese EV makers as well as large automotive production base and significant demand in the region, according to analysts.

KUALA LUMPUR, April 12 — The ringgit opened easier against the US dollar today with traders maintaining their focus on the greenback with higher-than-expected US inflation data.

KUALA LUMPUR, April 10 — 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 April 11 to April 17.

KUALA LUMPUR, April 9 — The ringgit ended the day higher against the US dollar as market players await the United States' (US) Consumer Price Index (CPI) data for March on Wednesday.

KUALA LUMPUR, April 9 — The performance of the Industrial Production Index (IPI), the Distributive Trade Index (DTI), and crude palm oil (CPO) in February 2024 signals a firmer first quarter (1Q) gross domestic product (GDP) growth for Malaysia, said Maybank Investment Bank Bhd (Maybank IB).

KUALA LUMPUR, April 9 — Analysts are optimistic about the growth prospects for Malaysia’s industrial sector this year despite a softer industrial production index (IPI) growth of 3.1 per cent year-on-year recorded in February 2024.

KUALA LUMPUR, April 9 — The ringgit was marginally higher against the US dollar at the opening today following a slight retreat of the greenback overnight, with investors focused on the upcoming March inflation data from the United States on Wednesday.

KUALA LUMPUR, April 8 — The ringgit ended lower against the US dollar as the greenback strengthened following higher-than-expected US nonfarm payroll (NFP) data.

KUALA LUMPUR, April 8 — Malaysia’s wholesale and retail trade sector recorded RM141.1 billion in sales value, a 5.5 per cent increase year-on-year (y-o-y) in February 2024, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, April 8 — BMI, a Fitch Solutions company, has maintained its forecast that Malaysia’s fiscal deficit will narrow to 4.3 per cent of the gross domestic product (GDP) this year from 5.0 per cent in 2023.

KUALA LUMPUR, April 8 — Malaysia’s manufacturing sector's sales value recorded a positive growth of 0.7 per cent, reaching RM146.2 billion in February 2024, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, April 8 — The Industrial Production Index (IPI) grew by 3.1 per cent year-on-year (y-o-y) in February 2024, induced by positive momentum in all sectors, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, April 8 — The ringgit opened easier against the US dollar on Monday due to continued positive sentiment towards the greenback which was bolstered by US Nonfarm Payroll data that exceeded expectations.

KUALA LUMPUR, April 6 — The ringgit is expected to trade in a tight range of RM4.72 to RM4.73 against the US dollar in the upcoming holiday-shortened week of trading, said an economist.

KUALA LUMPUR, April 5—The ringgit ended lower against the US dollar as the greenback strengthened its appeal as a safe-haven currency amid rising geopolitical tensions in the Middle East and ahead of the United States' (US) non-farm payrolls (NFP) data to be released later today.

KUALA LUMPUR, April 5 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$113.8 billion as of March 29, 2024.

KUALA LUMPUR, April 5 — E-commerce platform Shopee remains a primary touchpoint for seven out of ten Generation Z (Gen Z) consumers aged 18 to 24 in their shopping journey, according to its survey.

KOTA KINABALU, April 5 — Bank Rakyat has announced a 15 per cent dividend for the financial year 2023, with the total payout amounting to RM424.62 million for 802,823 entitled members.

KUALA LUMPUR, April 5 — Ambank Group Bhd has maintained its forecast for Malaysia’s real gross domestic product (GDP) growth this year at 4.5 per cent, which falls at the mid-point of Bank Negara Malaysia’s (BNM) projection due to higher private consumption and net exports.