KUALA LUMPUR, March 19 — Additional aid and subsidies from a RM23 billion additional amount presented via the Supplementary Supply Bill (2023) 2024 is indicative of the government’s commitment to helping the people cope with rising living costs, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

KUALA LUMPUR, March 19 — The ringgit continued its downtrend today to end lower against the greenback for the third consecutive day ahead of a decision on US interest rates tomorrow, as Japan made its first rate hike in 17 years.

KUALA LUMPUR, March 19 — The oil palm industry is facing problems or is being affected after the government froze the hiring quota of foreign workers due to the surplus of foreign workers, which actually applies to the manufacturing and service sectors.

KUALA LUMPUR, March 19 — The government has always taken a cautious approach to reforming the national tax system, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

KUALA LUMPUR, March 19 — Malaysia's trade performance in 2024 is expected to experience a strong rebound, propelled by the projected upturn in global trade and the promising outlook for the global semiconductor industry, according to analysts.

KUALA LUMPUR, March 19 — The government has no plans to peg the ringgit at this time, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

KUALA LUMPUR, March 18 — Malaysia’s trade performance continued its positive trend in February 2024, growing by 3.3 per cent to RM211.79 billion year-on-year (y-o-y), said the Investment, Trade and Industry Ministry (Miti).

KUALA LUMPUR, March 18 — Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

KUALA LUMPUR, March 18 —The ringgit opened lower against the greenback in cautious trading ahead of the United States Federal Reserve (Fed) meeting on March 19-20.

KUALA LUMPUR, March 16 — Bank Negara Malaysia (BNM) has dismissed the inaccurate ringgit exchange rate data circulating on social media based on an erroneous USD/RM exchange rate published by Google yesterday.

KUALA LUMPUR, March 16 — The ringgit is expected to trade between 4.69 and 4.70 next week as markets focus on the United States (US) Federal Open Market Committee (FOMC) meeting from March 19 to March 20.

KUALA LUMPUR, March 15 — The Milken Institute's recognition underscores the effectiveness of Malaysia’s economic policies and the concerted efforts of all stakeholders, including government agencies, industry players, and the investment community, said the Malaysian Investment Development Authority (Mida).

KUALA LUMPUR, March 15 — The ringgit ended the week easier against the greenback, alongside regional currencies, as the United States (US) producer price index (PPI) data came in higher than expected, pushing back expectations of an interest rate cut in the United States in June.

KUALA LUMPUR, March 15 — Petroliam Nasional Bhd (Petronas) posted a lower net profit of RM80.7 billion in the financial year which ended on December 31, 2023 (FY2023) compared to RM101.6 billion in the preceding year, mainly impacted by lower average realised prices.

KUALA LUMPUR, March 14 — The ringgit closed marginally higher against the US dollar today, supported by positive sentiment of a potential interest rate increase by the Bank of Japan in the near term.

KUALA LUMPUR, March 14 — Malaysia has been ranked as the country with the best overall investment condition among Asia’s emerging and developing (E&D) nations in the United States (US) economic think tank Milken Institute’s Global Opportunity Index (GOI) 2024.

KUALA LUMPUR, March 13 — Retail trade is expected to expand by 7.5 per cent this year, with steady momentum of domestic demand likely to continue, said MIDF Research.

KUALA LUMPUR, March 13 — The ringgit seemed to be experiencing a technical correction today, closing lower versus the US dollar after appreciating steeply in the past few days.

KUALA LUMPUR, March 13 — The retail prices for 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 March 20.

KUALA LUMPUR, March 13 — Malaysia’s wholesale and retail trade recorded RM142.4 billion in sales value, a 5.4 per cent increase year-on-year (y-o-y), in January 2024.