KUALA LUMPUR, Jan 20 — RHB Investment Bank (RHBIB) has maintained its projection that Malaysia's gross domestic product (GDP) will grow by 4.6 per cent in 2024.

KUALA LUMPUR, Jan 20 — The ringgit is likely to continue trading at the 4.70 level against the US dollar next week, underpinned by an unfavourable risk environment marked by geopolitical uncertainty, the waning US Federal Reserve rate cut expectations, and China's lack of definitive stimulus measures.

KUALA LUMPUR, Jan 20 — The 10 per cent sales tax on low-value goods (LVG) implementation, which applies to goods imported into Malaysia and sold for less than RM500 through e-commerce platforms, does not have a significant impact on consumers.

KUALA LUMPUR, Jan 19 — External trade is expected to recover in 2024 in view of improving electrical and electronic (E&E) exports and better export performance by regional countries, said MIDF Research today.

KUALA LUMPUR, Jan 19 — The ringgit settled flat against the US dollar today after a lower-than-expected fourth-quarter (4Q 2023) gross domestic product (GDP) projection released today.

KUALA LUMPUR, Jan 19 — Malaysia's economy is estimated to grow by 3.4 per cent in the fourth quarter of 2023 (4Q 2023) against 3.3 in the previous quarter, said the Statistics Department Malaysia (DOSM) today.

PORT KLANG, Jan 19 — Electric vehicle (EV) sales in Malaysia are expected to grow exponentially this year, said Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, Jan 19 — The ringgit opened higher against the US dollar as sentiment improved after the US labour market data showed job growth, reinforcing expectations for cuts in interest rates soon, said an analyst.

KUALA LUMPUR, Jan 18 — The ringgit rebounded to open marginally higher against the US dollar amid a volatile market on unclear direction of a possibility of interest rate cut, an economist said.

KUALA LUMPUR, Jan 16 — The government has agreed to exempt the imposition of capital gains tax (CGT) as well as taxes on foreign sourced income (FSI) on unit trusts, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

KUALA LUMPUR, Jan 15 — Foreign investors ended their four-week long buying streak on Bursa Malaysia last week, disposing of -RM93.1 million worth of equities, said MIDF Research.

KUALA LUMPUR, Jan 15 — The ringgit opened lower against the US dollar on Monday as foreign exchange markets focused on geopolitical tensions in light of the United States (US) and its allies' recent military attack in Yemen.

KUALA LUMPUR, Jan 13 — The ringgit is expected to continue trading cautiously next week as investors await a slew of economic data scheduled to be released by several major economies.

KUALA LUMPUR, Jan 12 — The ringgit extended yesterday’s losses to close lower against the US dollar on Friday as positive US consumer price index (CPI) data prompted some investors to return to the safe havens, dealers said.

KUALA LUMPUR, Jan 12 — The ringgit rebounded higher on Friday against the US dollar as investors shrugged off US higher-than-expected consumer price index (CPI) data.

KUALA LUMPUR, Jan 11 — The continued optimism about positive US inflation numbers boosts sentiment, enabling the ringgit to open higher on Thursday.

KUALA LUMPUR, Jan 10 — The ringgit retreated in early trade Wednesday as the US dollar continues to gain traction while the markets await the US Consumer Price Index (CPI) print which will be announced on Thursday.

KUALA LUMPUR, Jan 9 — The ringgit extended yesterday’s gains to close higher against the US dollar on Tuesday amid more investors returning to emerging currencies, dealers said.

KUALA LUMPUR, Jan 8 — The ringgit closed higher against the US dollar on Monday, eking out a marginal gain after recent losses as funds flowed back into emerging markets.

KUALA LUMPUR, Jan 8 — MIDF Amanah Investment Bhd (MIDF Research) expects the ringgit to appreciate to RM4.20 against the US dollar by end-2024, benefitting from the reversal of fund flows going back into the emerging markets.