KUALA LUMPUR, March 2 — Political stability, far-sighted economic policies, and the green transition provide a golden opportunity for a second surge in the country's economy after the first jump made in the early 1990s.

KUALA LUMPUR, March 2 — The ringgit is expected to stabilise at 4.74 to 4.75 against the US dollar next week following its significant rise in the previous week, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR, March 1 — The Financial Markets Committee (FMC) agrees with the assessment that the ringgit’s current level is deemed undervalued, particularly as Malaysia’s economic fundamentals continue to be strong and the economic prospects are positive.

KUALA LUMPUR, March 1 — The ringgit was slightly lower against the US dollar at Friday's closing, although sentiment towards the local currency remains favourable, as Bank Negara Malaysia (BNM) has firmly said the ringgit is undervalued.

KUALA LUMPUR, March 1 — The ringgit continues its momentum to open higher against the US dollar today and improved versus a basket of other major currencies, as well as Asean currencies supported by Bank Negara Malaysia's (BNM) statement on the local note's valuation.

KUALA LUMPUR, Feb 29 — The Malaysian government and an “important” Chinese institution are in an advanced stage of negotiations to set up a two-way foreign investment (FI) promotion, said Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, Feb 29 — Malaysia's economy is expected to improve in the near term, supported by resilient domestic demand and stable labour market conditions, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Feb 29 — Malaysia’s international reserves amounted to US$114.85 billion at the end of January, while other foreign currency assets stood at US$2.30 million, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Feb 29 — The ringgit is expected to continue to strengthen this year, trading at RM4.50 against the US dollar by year-end, driven by the country's positive economic performance, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

KUALA LUMPUR, Feb 29 — The ringgit rebounded to open higher against the US dollar ahead of the release of the US inflation report later today.

KUALA LUMPUR, Feb 28 — PETRONAS Gas Berhad (PGB) announced a strong financial performance for the financial year ended 31 December 2023 (FY2023), with an increased profit after tax (PAT) of 8.1 per cent to RM1.9 billion.

KUALA LUMPUR, Feb 28 — The ringgit was slightly higher against the US dollar at the start of trading today and also rose versus a basket of other major currencies as well as Asean currencies on positive sentiment following Bank Negara Malaysia's (BNM) statement on the local note’s valuation.

KUALA LUMPUR, Feb 27 — Businesses are anticipating improved conditions in the first quarter (1Q) of 2024 with a positive confidence indicator of 4.2 per cent, up from 3.2 per cent in the fourth quarter (4Q) 2023, said the Department of Statistics Malaysia.

KUALA LUMPUR, Feb 27 — Bank Negara Malaysia (BNM) has stepped up its engagements with government-linked investment companies, government-linked companies, corporations, and investors to encourage continuous inflows to the foreign exchange market.

KUALA LUMPUR, Feb 27 — The ringgit eased against the US dollar in early trade today due to the lack of catalysts, said an analyst.

KUALA LUMPUR, Feb 26 — Foreign investors continued to be equity net buyers on Bursa Malaysia last week with a net inflow of RM786.1 million, 2.2 times higher than the RM352.9 million recorded the week before.

KUALA LUMPUR, Feb 26 — The ringgit rebounded against the US dollar in early trade Monday as the greenback fell slightly but remained supported amid anticipation the Federal Reserve will continue to keep its monetary policy stance restrictive.

KUALA LUMPUR, Feb 24 — The ringgit is expected to trade between 4.76 and 4.77 against the US dollar next week, as the greenback is expected to continue its uptrend, said an analyst.

KUALA LUMPUR, Feb 23 — More than 85 per cent of the manufacturing projects approved in 2021-2023 have been implemented to date, led by the Investment, Trade and Industry Ministry (Miti) and its agency, the Malaysian Investment Development Authority (Mida).

KUALA LUMPUR, Feb 23 — The ringgit ended lower against the US dollar on Friday as risk sentiments for the local note remained fragile following higher United States Treasury yields, said an economist.