KUALA LUMPUR, Feb 19 — The increase in investment in the fourth quarter of 2023 (4Q 2023) is a positive sign for Malaysia’s future economic growth, economist Dr Nungsari Ahmad Radhi said.

KUALA LUMPUR, Feb 19 — Bursa Malaysia marched upward modestly in early trade on Monday to continue trading at its 20-month high as buying interest prevails within the local front, supported by the upcoming earnings season.

KUALA LUMPUR, Feb 19 — The ringgit opened marginally higher against the US dollar today despite higher inflation data in the United States (US), said an analyst.

KUALA LUMPUR, Feb 18 — The normalisation of the Overnight Policy Rate (OPR) since 2022 has created the policy space for Bank Negara Malaysia (BNM) to respond to possible lacklustre economic growth going forward.

KUALA LUMPUR, Feb 16 — Malaysia’s 2023 gross domestic product (GDP) growth is in tandem with other Asean countries, which also showed moderate growth, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Feb 16 — Malaysia recorded a gross domestic product (GDP) growth of 3.7 per cent in 2023, after an expansion of 3.0 per cent in the fourth quarter (4Q) of the year, supported by continued recovery in economic activity and labour market conditions.

KUALA LUMPUR, Feb 16 — Stock exchanges in Malaysia, Indonesia, Thailand, and Singapore have said they have teamed up to develop an Asean (the Association of Southeast Asian Nations) Interconnected Sustainability Ecosystem, reported Xinhua.

KUALA LUMPUR, Feb 16 — AirAsia is offering a flash sale to Almaty in Kazakhstan, starting from RM88 all-in one-way fare.

KUALA LUMPUR, Feb 16 — The ringgit opened higher due to a correction in the US Dollar Index (DXY) and the fact that the local currency had been in an oversold position, said an analyst.

KUALA LUMPUR, Feb 15 — The ringgit opened firmer against the US dollar today ahead of the fourth quarter (4Q) 2023 gross domestic product (GDP) announcement by Bank Negara Malaysia (BNM) tomorrow, an analyst said.

KUALA LUMPUR, Feb 14 — The ringgit continued to open lower against the US dollar today amid higher-than-expected US inflation data which suggested the Federal Reserve (Fed) might keep the interest rate steady at current level.

BENGALURU, Feb 14 — Malaysia's economy grew at a steady pace in the fourth quarter as an increase in private consumption offset a fall in exports, according to economists in a Reuters poll.

KUALA LUMPUR, Feb 13 (Bernama) — Ekovest Bhd has secured an extension from the Employees Provident Fund (EPF) to facilitate and implement its “exit plan” in Duta-Ulu Kelang Expressway (DUKE) concessionaire Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi).

KUALA LUMPUR, Feb 13 — The unit price index of steel recorded an increase between 0.4 and 3.3 per cent for almost all areas in January 2024 compared to the previous month, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Feb 13 — The ringgit opened lower against the US dollar today as investors remain cautious ahead of the United States Consumer Price Index (CPI) data release tonight, according to an analyst.

KUALA LUMPUR, Feb 12 — Malaysia is one of the lowest tax revenue collectors in Southeast Asia, with a tax-to-gross domestic product (GDP) ratio of 11.8 per cent.

KUALA LUMPUR, Feb 10 — The ringgit is expected to trade range-bound in a cautious mode, hovering around the RM4.76 level with an upside bias against the US dollar next week, said an analyst.

KUALA LUMPUR, Feb 9 — The ringgit opened lower against the US dollar this morning, weighed down by robust US labour market data, said an analyst.

KUALA LUMPUR, Feb 8 — The ringgit opened lower against the firmer US dollar today as the United States (US) equities continued to perform favourably, said an analyst.

KUALA LUMPUR, Feb 7 — The ringgit opened lower against the US dollar but is anticipated to rebound today, supported by an announcement expected from China on a strong economic boost.