KUALA LUMPUR, Nov 29 — The ringgit closed higher today for the third straight day against the greenback on rising expectations for an early US interest rate cut.

KUALA LUMPUR, Nov 29 — Malaysia’s e-commerce income grew by 5.4 per cent year-on-year (y-o-y) in the third quarter of 2023 (3Q 2023) to RM289.5 billion from RM274.6 million in the same quarter last year, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Nov 29 — The Malaysian corporate sector sustained its recovery momentum in 2023, a continuity from 2022, driven by a number of initiatives and efforts by the government to boost the economy.

KUALA LUMPUR, Nov 28 — Hyperinflation has never happened in Malaysia and the government hopes it will never happen in the future, according to the Economy Ministry.

KUALA LUMPUR, Nov 28 — Malaysian banks have continued to deliver a resilient performance in 2023, anchored by the banking system’s strong fundamentals despite external headwinds and heightened downside risks to growth.

KUALA LUMPUR, Nov 28 — The ringgit extended yesterday’s gains to open higher against the US dollar on Tuesday amid the weakening greenback and lower US Treasury yields, an analyst said.

KUALA LUMPUR, Nov 27 — AirAsia today announced a major expansion of its services covering China, India and Malaysia, totalling an astounding 230 weekly flights for the first quarter of 2024 with up to 5.2 million seats per year.

SHAH ALAM, Nov 27 — The Communications and Digital Ministry (KKD) today assured that the National Digital Identity or Digital ID project will not jeopardise the security of the personal data of all Malaysians.

KUALA LUMPUR, Nov 27 — Malaysia's inflation is expected to fall within a range of 2.5 per cent to 3.5 per cent in 2024, mainly due to the effects of subsidy rationalisation and the impact of the services tax increase, said AmBank Group.

KUALA LUMPUR, Nov 27 — The government is now looking at further narrowing its fiscal deficit, which eased to 5.6 per cent last year after hitting 6.4 per cent in 2021, amid a much-needed pandemic-induced spending to boost the economy and safeguard Malaysian’s livelihood at large.

KUALA LUMPUR, Nov 27 — The ringgit was traded higher against the US dollar at the opening today amid mixed data coming from the United States and European Union Purchasing Managers' Index indices.

KUALA LUMPUR, Nov 25 — The ringgit is expected to trade range-bound ahead of the next set of tier-one United States (US) economic data on Friday (December 1) of which the key US non-farm payroll (NFP) will be released, an analyst said.

KUALA LUMPUR, Nov 24 — The ringgit settled lower against the US dollar at the close on Friday, dragged down by the consumer price index (CPI) data which moderated in October 2023, an analyst said.

KUALA LUMPUR, Nov 24 — Malaysia's inflation will continue to remain modest for the rest of 2023 and in the early part of 2024 due to slower pressure from the demand-pull inflation and the impact of the interest rates normalisation, said AmBank Research.

PUTRAJAYA, Nov 24 — The number of the labour force increased by 2.3 per cent year-on-year to record 16.82 million persons in the third quarter (Q3) of this year, according to the Labour Market Review Q3 2023 released by the Department of Statistics Malaysia (DOSM) today.

KUALA LUMPUR, Nov 24 — Malaysia’s headline inflation, as measured by the consumer price index (CPI), moderated to 1.8 per cent in October 2023, the lowest since April 2021, with the CPI at 130.9 points against 128.6 in the same month a year ago, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Nov 24 — Malaysia's leading index (LI) improved to negative 0.3 per cent by recording 109.3 points in September compared to negative 0.5 per cent, anticipating a healthier economic prospect in the near future, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Nov 24 — The ringgit traded almost flat at the opening against the US dollar today on lack of fresh buying interest amid low volatility due to the Thanksgiving holiday in the United States (US).

KUALA LUMPUR, Nov 23 — The ringgit traded marginally lower against the US dollar at the close on Thursday due to a lack of catalysts, said an analyst.

PUTRAJAYA, Nov 23 — Malaysia’s labour productivity registered RM42.2 per hour in the third quarter of 2023 (Q3 2023), improved slightly from RM40.6 per hour in Q2 2023.