KUALA LUMPUR, July 11 — Malaysian palm oil futures rose for a second session today, underpinned by improving export demand and a slower-than-anticipated rise in inventories.

KUALA LUMPUR, July 11 — The meeting between Prime Minister Datuk Seri Anwar Ibrahim and Tesla Inc chief executive officer Elon Musk will prompt a chain reaction in the nation’s journey towards becoming an electric vehicle (EV) hub in the region, an economist said.

KUALA LUMPUR, July 11 — The ringgit opened marginally higher against the US dollar as the greenback continued to trend lower due to markets’ expectation of a lower US Consumer Price Index (CPI) print set to be released tomorrow.

KUALA LUMPUR, July 10 — The ringgit was almost flat against the US dollar on Monday’s close on a lack of demand and declining oil prices.

KUALA LUMPUR, July 10 — The strengthening of Malaysia’s job market will further reinforce consumer consumption and support overall Gross Domestic Product (GDP) growth this year, said MIDF Research.

KUANTAN, July 10 — The Malaysian Cooperative Policy 2030 (DaKom 2030) which aims to create a holistic and conducive cooperative ecosystem is expected to be launched at the end of July, said Entrepreneur Development and Cooperative Minister Datuk Ewon Benedick.

KUALA LUMPUR, July 10 — Malaysia’s total palm oil stocks increased by 1.92 per cent to 1.72 million tonnes in June 2023, from 1.69 million tonnes in the preceding month.

KUALA LUMPUR, July 10 — The government will leave it to Bank Negara Malaysia (BNM) to decide whether exporting companies should be compelled to convert their export proceeds into ringgit, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, July 10 — Companies from the United States (US) have shown significant interest in exploring greenfield entries into Malaysia, said Deputy Finance Minister II Steven Sim Chee Keong.

KUALA LUMPUR, July 10 — Malaysia’s natural rubber (NR) production increased by 6.8 per cent to 25,062 tonnes in May 2023 from 23,460 tonnes in April 2023, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 10 — Local institutional investors remained as net buyers on Bursa Malaysia last week, snapping up RM200.9 million worth of equities and marking their sixth consecutive week of net buying, according to MIDF Research.

KUALA LUMPUR, July 10 — The ringgit opened firmer against the US dollar this morning on the back of softer United States (US) nonfarm payroll (NFP), which has helped to stabilise the local note, said an analyst.

KUALA LUMPUR, July 9 — Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi has asked SME Corporation Malaysia (SME Corp) to seek more funds to help Micro, Small-and-Medium Enterprises (MSME) entrepreneurs promote their products in the international market.

PUTRAJAYA, July 9 — The Ministry of Domestic Trade and Cost of Living (KPDN) will take stern action against irresponsible parties, who switch the package or label of local rice and sell it in the market as imported rice to reap a huge profit.

GEORGE TOWN, July 9 — Malaysia is an attractive investment destination for multinational companies (MNCs) because of its outstanding advantages in the global manufacturing supply chain, said the Malaysian Investment Development Authority (Mida).

KUALA LUMPUR, July 9 — Bank Negara Malaysia (BNM) is still maintaining its forecast for the country's gross domestic product (GDP) growth this year at between 4.0 per cent and 5.0 per cent, said newly-appointed Governor Datuk Abdul Rasheed Ghaffour.

KUALA LUMPUR, July 9 — Malaysia must stay vigilant on inflation given that core inflation is still elevated at a higher-than-usual level, according to Bank Negara Malaysia (BNM) Governor Datuk Abdul Rasheed Ghaffour.

SEREMBAN, July 7 — Good governance and economic management can attract the interest and confidence of domestic and foreign investors to invest in the country, thus ensuring rapid economic growth, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, July 7 — Malaysian palm oil futures slipped today, tracking overnight losses in rival soy oil, as traders await key palm oil board data though the market is on course for a second weekly gain.

KUALA LUMPUR, July 7 — Perusahaan Otomobil Kedua Sdn Bhd’s (Perodua) production and sales for the first half of 2023 (H1 2023) have increased by 17 per cent and 13.6 per cent, respectively.