KUALA LUMPUR, Nov 1 — The ringgit ended lower against the greenback on Wednesday as investors awaited the US Federal Reserve’s (Fed) decision later tonight on the country’s interest rate.

KUALA LUMPUR, Nov 1 — A flexible ringgit exchange rate is crucial in absorbing external shocks and reducing the impact on the domestic economy in the current uncertain global market conditions, said Deputy Finance Minister II Steven Sim Chee Keong.

KUALA LUMPUR, Nov 1 — The government does not intend to peg the ringgit and impose foreign exchange (forex) controls as Malaysia did during the Asian financial crisis in 1998, since it is unsuitable for dealing with current challenges, said Deputy Finance Minister II Steven Sim Chee Keong.

KUALA LUMPUR, Oct 31 — The ringgit opened higher against the greenback ahead of a two-day US Federal Reserve (Fed) meeting starting today where the American central bank is widely expected to stand pat on interest rates.

KUALA LUMPUR, Oct 30 — The ringgit opened higher against the US dollar and other major currencies on the first day of trading for the week.

KUALA LUMPUR, Oct 28 — The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trend higher towards the 1,450 level next week on the back of higher Malaysian producer price index (PPI) data in September.

KUALA LUMPUR, Oct 28 — The outlook for ringgit next week is expected to be neutral to bullish on improving sentiment anticipation following major central banks’ decisions.

KUALA LUMPUR, Oct 27 — The ringgit settled higher against the US dollar on Friday after a fall in the US 10-year treasury yield, which provided hope of easing inflation.

KUALA LUMPUR, Oct 27 — Malaysian Rating Corporation Bhd (MARC Ratings) foresees the Brent oil prices to remain elevated to hover around US$85 to US$95 for the remainder of 2023 and within the range of US$80 to US$100 per barrel in 2024.

KUALA LUMPUR, Oct 27 — Malaysia’s export unit value index in September this year rose by 1.6 per cent to 144.6 points from 142.3 points in the previous month, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Oct 27 — MIDF Research foresees limited pressure on local producers to increase selling prices going forward, given the Producer Price Index (PPI) inflation still remains below the Consumer Price Index (CPI) inflation.

KUALA LUMPUR, Oct 27 — The ringgit rebounded against the US dollar at opening amid tepid market sentiment as investors anticipate another quarter point increase in the US Federal Reserve Funds Rate in the upcoming Federal Open Market Committee (FOMC) meeting.

KUALA LUMPUR, Oct 26 — Malaysia has facilitated RM110 billion in digital-related investments, almost double the target under the Malaysia Digital Blueprint’s (MyDigital) initiative, said Malaysian Digital Economy Corporation (MDEC) chief executive officer Mahadhir Aziz.

KUALA LUMPUR, Oct 26 — The ringgit slid against the US dollar at Thursday’s close on the back of a spike in bond yields amid fears the United States' (US) interest rates will stay high for longer.

KUALA LUMPUR, Oct 26 — Haier Electrical Appliances (Malaysia) Sdn Bhd aims to secure a higher sales growth of 30 per cent in 2023 following the introduction of more new products and retail shop expansion being planned in the country.

KUALA LUMPUR, Oct 26 — The electronic invoicing system (e-invoicing) implementation will bode well should the government opt to reinstate the Goods and Services Tax (GST).

KUALA LUMPUR, Oct 26 — The introduction of the National Franchise Policy 2030 (DFN 2030) is expected to generate RM100 billion in sales within the industry by 2030.

KUALA LUMPUR, Oct 25 — The ringgit strengthened against major currencies at the end of trading today as its correction continued.

KUALA LUMPUR, Oct 25 — The retail prices of RON97 and RON95 petrol as well as diesel remain unchanged at RM3.47, RM2.05, and RM2.15 per litre, respectively, from October 26 to November 1 period.

KUALA LUMPUR, Oct 24 — The ringgit corrected its oversold position to end today positively against the US dollar.