KUALA LUMPUR, Oct 4 — MIDF Research is maintaining a “positive” call on the banking sector as loan applications and approvals hit new highs this month.

KUALA LUMPUR, Oct 4 — The ringgit opened marginally higher against the US dollar on Wednesday as global investors digest market news that sends mixed signals as to the US Federal Reserve’s (Fed) next course of action, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR, Oct 3 — The Unity Government is committed to continuing with intervention programmes like the Payung Rahmah initiative and Agro Madani Sales, even though the national inflation rate has eased to 2.0 per cent, the lowest in almost two years.

KUALA LUMPUR, Oct 3 — The ringgit remained marginally lower against the US dollar today, in line with other emerging currencies, driven by concerns over the bearish economic outlook, dealers said.

KUALA LUMPUR, Oct 3 — Malaysia is maintaining its 2023 gross domestic product (GDP) growth forecast of 4.0 to 5.0 per cent, said Deputy Finance Minister I Datuk Seri Ahmad Maslan.

KUALA LUMPUR, Oct 3 — Supporting Malaysia’s small and medium enterprises (SMEs) is vital as the global supply chains are shifting to Asean countries.

KUALA LUMPUR, Oct 3 — Malaysia's economy remains resilient anchored by domestic-oriented activities and will continue to be supported by labour market conditions and investments moving into next year, said Bank Negara Malaysia (BNM) governor Datuk Abdul Rasheed Ghaffour.

KUALA LUMPUR, Oct 3 — Malaysia Airports Holdings Bhd (MAHB) has continued to record more than 11 million for the second consecutive month in August 2023 at its network of airports in Malaysia and Turkiye.

KUALA LUMPUR, Oct 3 — The ringgit continued to trade on the back foot today, opening lower against the US dollar following better-than-expected United States' (US) ISM Manufacturing Index data.

KUALA LUMPUR, Oct 2 — Budget 2024, scheduled to be tabled on October 13, will likely focus on fiscal tightening with an emphasis on funds reprioritised to households and sectors most needy, said CGS-CIMB Securities Sdn Bhd.

KUALA LUMPUR, Oct 2 — The ringgit retreated from last week’s gains to close marginally lower against the US dollar today, in line with other emerging currencies.

PETALING JAYA, Oct 2 — Malaysia has secured over RM37.4 billion in investment commitments in the digital technology sector as of August 2023, promising the creation of at least 15,895 high-value jobs, said Communications and Digital Minister Fahmi Fadzil.

KUALA LUMPUR, Oct 2 — According to the Malaysia External Trade Development Corporation (Matrade), Malaysia has recorded overall export sales worth RM625.42 million at the recently concluded 20th China - Asean Expo (Caexpo) 2023 in Nanning, China.

KUALA LUMPUR, Oct 2 — UOB Kay Hian Wealth Advisors Sdn Bhd has recommended broader tax breaks and incentives for local and foreign investors in Budget 2024 to boost Malaysia’s capital market attractiveness.

KUALA LUMPUR, Oct 2 — The Budget 2024 deficit is expected to be between 4.0 to 4.3 per cent of the gross domestic product (GDP), in line with fiscal consolidation targets of the 12th Malaysia Plan Mid-Term Review (12MP MTR) and the Madani Economy, said Maybank Investment Bank (Maybank IB).

KUALA LUMPUR, Oct 2 — Malaysia’s economic growth is expected to moderate to 3.9 per cent in 2023 from an earlier projection of 4.3 per cent in April this year, amid a substantial deceleration of external demand, according to the World Bank today.

KUALA LUMPUR, Oct 2 — Research firm BMI has maintained its 2023 forecast for Malaysia’s budget deficit at 4.9 per cent of the gross domestic product (GDP) from 5.6 per cent in 2022.

KUALA LUMPUR, Oct 2 — Malaysia’s sovereign wealth fund Khazanah Nasional Bhd needs to build coalitions with stakeholders to make meaningful progress on complex issues such as climate change, food security and economic development.

KUALA LUMPUR, Oct 2 — The ringgit opened lower against the US dollar on the first trading day for the month as the latter extended its strong performance and remained firm, said an analyst.

KUALA LUMPUR, Sept 30 — Malaysia has the potential to become the top global business services (GBS) destination worldwide if more digital talent is available for multinationals, said GBS and finance expert Joon Teoh.