KUALA LUMPUR, Nov 9 — Westports Holdings Bhd’s net profit for the third quarter ended Sept 30, 2023, increased to RM195 million compared to RM150.39 million in the same period last year.

KUALA LUMPUR, Nov 9 — The ringgit opened lower against the US dollar today amid rising concerns over the future prospect for the US Federal Reserve (Fed) Funds Rate, said an analyst.

KUALA LUMPUR, Nov 8 — The unit price index for selected materials, including cement, sand, and aggregates for most areas of Peninsular Malaysia, Sabah, and Sarawak on a month-on-month (m-o-m) comparison recorded an increase in October, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Nov 8 — AmBank (M) Bhd said Malaysia is on track to record a 4.0 per cent gross domestic product (GDP) growth this year and 4.5 per cent for 2024, following a marginal contraction in September’s Industrial Production Index (IPI).

KUALA LUMPUR, Nov 8 — The government is expected to collect about RM800 million in annual revenue from the implementation of the capital gains tax (CGT) effective March 1, 2024, based on share ownership transfer trends in recent years, said the Finance Ministry (MOF).

KUALA LUMPUR, Nov 8 — The ringgit opened marginally higher against the US dollar as markets continue to assess whether the US Federal Reserve (US Fed) would pivot following the latest jobs market report last week, said an analyst.

KUALA LUMPUR, Nov 7 — Malaysia's Industrial Production Index (IPI), which consists of three sectors, namely mining, manufacturing, and electricity, slipped by 0.5 per cent year-on-year (y-o-y) in September, said the Department of Statistics Malaysia.

KUALA LUMPUR, Oct 7 — MIDF Research has predicted the consumer price index (CPI) inflation will moderate to 3.0 per cent this year from 3.3 per cent in 2022.

KUALA LUMPUR, Nov 7 — The ringgit opened lower against the US dollar today as technical correction prevailed following a sizeable rally over the last three trading days, said an analyst.

KUALA LUMPUR, Nov 6 — The ringgit is expected to appreciate to RM4.30 against the US dollar by year-end as the Federal Reserve (Fed) is deemed to have ended its tightening cycle for the year, said MIDF Research.

KUALA LUMPUR, Nov 6 — The ringgit opened on a strong note against the US dollar as the US interest rate hike cycle is deemed to be ended for the year, easing risk sentiment, said an analyst.

KUALA LUMPUR, Nov 5 — Stock market investors will be watching out for some local economic data to be released in the coming week, including the Service Producer Index for the third quarter of 2023 and Industrial Production Index for September, according to an analyst.

KUALA LUMPUR, Nov 4 — The ringgit’s value versus the US dollar should not be used as the sole gauge of the state of the economy, said Deputy Finance Minister I Datuk Seri Ahmad Maslan.

KUALA LUMPUR, Nov 4 — The ringgit is expected to strengthen further next week between the range of RM4.72 and RM4.73 against the US dollar, said Bank Muamalat Malaysia Bhd's chief economist and head of social finance Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR, Nov 3 — The ringgit ended the week on Friday by extending substantial gains against the greenback as a pause in the United States' (US) interest rates continued to lift sentiment, analysts said.

KUALA LUMPUR, Nov 3 — The Ministry of Investment, Trade and Industry (Miti) expects foreign direct investment (FDI) from Japan to exceed RM30 billion this year, buoyed by continuous support from Japanese companies.

KUALA LUMPUR, Nov 3 — The ringgit opened marginally higher against the US dollar on the last trading day of the week, as several major central banks took a break from raising interest rates this week.

KUALA LUMPUR, Nov 2 — The retargeting of the diesel subsidy in phases will only be carried out in the Peninsular, Prime Minister Datuk Seri Anwar Ibrahim said.

KUALA LUMPUR, Nov 2 — Bank Negara Malaysia’s (BNM) decision to hold the Overnight Policy Rate (OPR) at 3.0 per cent in its last Monetary Policy Meeting (MPC) for this year aligns with consensus expectations and will help to build market confidence, according to economists.

KUALA LUMPUR, Nov 2 — The ringgit closed higher against the greenback on Thursday, rebounding after two days of decline, as Bank Negara Malaysia (BNM) kept the overnight policy rate (OPR) at three per cent.