KUALA LUMPUR, July 26 — The ringgit opened higher against the US dollar today as demand for the local currency improved amid mixed market sentiment.

KUALA LUMPUR, July 25 — The ringgit rebounded against the US dollar at the close today after five consecutive days of depreciation, following the People's Bank of China's move to fix the Chinese yuan stronger, while prospects of more policy stimulus in China bodes well for exporters like Malaysia.

KUALA LUMPUR, July 25 — The continued confidence shown by German chipmaker Infineon Technologies AG in Malaysia’s investment ecosystem reflects the country’s importance in the global semiconductor supply sector, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, July 25 — MIDF Research anticipates the government will cut retail fuel prices, particularly RON95 and diesel, to ensure price stability and ease living cost pressures in Malaysia.

TANGERANG, July 25 — Indonesia’s Pertamina and Malaysia’s Petronas signed an agreement with Shell today to buy its 35% stake in the Masela natural gas fields for up to US$650 million (RM2.97 billion), moving the project forward after years of delay.

KUALA LUMPUR, July 24 — MIDF Amanah Investment Bank Bhd (MIDF Research) expects the government to keep retail fuel prices status quo at least until the end of 2023, subsequently reducing overall inflationary pressure moving forward.

KUALA LUMPUR, July 24 — The ringgit continued its downtrend to end lower against the US dollar today for the fifth consecutive day on cautious sentiment as the Federal Reserve is likely to raise the Fed Fund Rate by 25 basis points this week, said an analyst.

KUALA LUMPUR, July 24 — The international reserves of Bank Negara Malaysia (BNM) increased to US$111.8 billion as of July 14, 2023, compared with US$111.4 billion on June 30, 2023.

KUALA LUMPUR, July 24 — Malaysia’s Consumer Price Index (CPI) continued to ease in June to 2.4 per cent, the lowest level recorded so far in 2023, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 24 — Malaysian companies achieved potential sales worth US$38.4 million (RM175.81 million) at the Semicon West 2023, held in San Francisco, the United States (US) recently, said the Malaysia External Trade Development Corporation (Matrade).

KUALA LUMPUR, July 24 — Foreign investors extended their buying spree on Bursa Malaysia last week, albeit at a much lower rate at RM179.0 million compared with RM570.9 million a week earlier, said MIDF Research.

KUALA LUMPUR, July 24 — The ringgit extended its downtrend against the US dollar in the early trade today, as risk appetite in the local market was dampened by the bullish greenback sentiment ahead of the United States (US) Federal Open Market Committee (FOMC).

KUALA LUMPUR, July 23 — Prime Minister Datuk Seri Anwar Ibrahim's wish to meet p-hailing companies to discuss complaints of low delivery rates and commission is lauded especially with the rising cost of living.

KUALA LUMPUR, July 23 — Technical and Vocational Education and Training (TVET) is a new pathway for economic growth that promotes technical competency and attracts more multinational cooperation by offering career opportunities for its graduates.

TANAH MERAH, July 22 — The government will continue to reduce dependence on imported food to ensure the country’s food production is balanced, said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu.

KUALA LUMPUR, July 21 — The ringgit eased further against the US dollar today as the greenback continues to stay firm ahead the Federal Reserve meeting next week which is widely expected to raise interest rates by a further 25 basis points, said an analyst.

KUALA LUMPUR, July 21 — Malaysia Airports Holdings Bhd’s (MAHB) network of airports recorded over 10 million passengers in June 2023, the highest since the global shutdown in March 2020.

ALOR SETAR, July 21 — Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub said the government will give small traders, including packet cooking oil suppliers, at least two years to be fully prepared before the targeted subsidy system is implemented.

HANOI, July 21 — Malaysia’s robust manufacturing sector and advanced technology, combined with Vietnam’s sizeable market, offer both countries immense potential to further boost bilateral trade, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

KUALA LUMPUR, July 21 — The ringgit opened lower against the US dollar today as the greenback strengthened following higher United States Treasury yields, said analysts.