KUALA LUMPUR, Dec 22 — Malaysia’s domestic demand is set to stay on the expansionary path from the fourth quarter (4Q 2023) onward as the country’s inflation continues softening, said MIDF Research.

KUALA LUMPUR, Dec 22 — Malaysia's inflation rate continued to increase at a slower rate, falling to 1.5 per cent in November with the index points recorded at 130.9 against 129.0 in the same month of the previous year, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Dec 22 — Malaysia’s leading index (LI) contraction narrowed by 0.2 per cent year-on-year to 109.2 points in October 2023 from 109.4 points in October 2022, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Dec 21 — The ringgit closed marginally higher against the US dollar on Thursday amid positive sentiment in anticipation of global interest rate cuts next year.

KUALA LUMPUR, Dec 12 — Malaysia’s economic momentum is expected to steadily improve heading into next year, with gross domestic product (GDP) set to grow by 4.5 per cent to 5.5 per cent in 2024 from an estimated 4.0 per cent this year, according to RAM Rating Services Bhd (RAM Ratings).

KUALA LUMPUR, Dec 20 — Hong Leong Investment Bank (HLIB) Research expects staple products to remain stable in the first half of 2024 on the back of a steady unemployment rate, rising in-home consumption in light of living cost pressures and subsidy rationalisation, as well as spending caution with tightening of credit conditions.

KUALA LUMPUR, Dec 20 — The ringgit strengthened to open higher against the US dollar on Wednesday after the greenback retreated, as hopes for an interest rate cut beginning next year have surfaced, an analyst said.

KUALA LUMPUR, Dec 19 — Malaysia maintained its trade surplus in November 2023, valued at RM12.41 billion, making it the 43rd consecutive month of trade surplus since May 2020.

KUALA LUMPUR, Dec 19 — The ringgit opened marginally lower against the US dollar today as investors remain cautious while waiting for forward guidance amid global market volatility, said an analyst.

KUALA LUMPUR, Dec 18 — The ringgit closed lower against the US dollar today as risk sentiment remained fragile for the local note following higher US treasury yields and doubts on China’s economic outlook, said an analyst.

KUALA LUMPUR, Dec 18 — The sales tax on imported low-value goods (LVG) sold online, which will take effect on January 1 next year, is aimed at levelling the playing field for local businesses, according to the Finance Ministry (MOF).

KUALA LUMPUR, Dec 18 — The ringgit extended its uptrend to open marginally higher against the US dollar on Monday on follow-through positive sentiment after the US Federal Reserve (Fed) signalled an end to interest rate hikes last week, said an analyst.

KUALA LUMPUR, Dec 15 — The ringgit opened marginally lower today despite a falling US Dollar Index (DXY), as market expectation for an interest rate cut in 2024 supersedes statistical releases, including the better-than-expected US retail sales and initial jobless claims statistics, said an analyst.

KUALA LUMPUR, Dec 14 — The ringgit opened higher today as the US dollar Index (DXY) declined after the US Federal Reserve (Fed) provided a clear signal on its monetary stance for next year.

KUALA LUMPUR, Dec 12 — The ringgit ended marginally lower against the greenback on Tuesday ahead of US inflation data for November later tonight, said an analyst.

IPOH, Dec 12 — The Economy Ministry welcomes the readiness of state governments to offer land to expand the Farming Entrepreneur Initiative (Intan) under the People’s Income Initiative (IPR) programme to other states, which aimed to help more hardcore poor individuals come out of poverty.

KUALA LUMPUR, Dec 12 — The ringgit opened higher against the US dollar today amid cautious trade as investors kept an eye on major developments, including the release of US inflation data and Malaysia’s Cabinet reshuffling.

KUALA LUMPUR, Dec 11 — The ringgit gave up its gains on Friday and closed easier versus the US dollar today, as the dollar gained momentum following last week's non-farm payroll (NFP) report indicating a better non-farm employment situation in the United States (US).

KUALA LUMPUR, Dec 11 — Malaysia's manufacturing sector sales value fell 1.4 per cent year-on-year (y-o-y) to RM156.7 billion in October, mainly due to the persistent decline in the petroleum, chemical, rubber, and plastic products sub-sector by 9.5 per cent y-o-y.

KUALA LUMPUR, Dec 11 — Malaysia’s halal exports had reached RM44.17 billion as of October this year, according to Deputy Investment, Trade and Industry Minister Liew Chin Tong.