PUTRAJAYA, June 21 — Industry players in Malaysia spent RM3.1 billion on environmental protection initiatives, recording 4.8 per cent growth in 2021 compared to RM2.97 billion in the previous year, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 21 — Malaysia jumped from 32nd to 27th in the 2023 IMD World Competitiveness Ranking (WCR), reflecting investor confidence and reaffirming the country’s commitment to current economic policies and strategic direction as the preferred destination for investment and trade.

KUALA LUMPUR, June 21 — The ringgit extended its downtrend to open lower against the US dollar in the early session today as investors continued to seek refuge in safe haven currencies on concerns over the global economic prospects, an economist said.

KUALA LUMPUR, June 20 — Malaysia’s global competitiveness ranking has improved by five notches to 27 from 32 last year, according to the World Competitiveness Ranking (WCR) 2023.

KUALA LUMPUR, June 20 — Malaysia's trade surplus rose 21.4 per cent year-on-year (y-o-y) to RM15.42 billion in May 2023, registering the 37th consecutive month of double-digit growth since May of 2020.

KUALA LUMPUR, June 20 — The Asean-Six economies, comprising Malaysia, Singapore, Thailand, Indonesia, Philippines and Vietnam, are expected to grow at 4.2 per cent in 2023, outpacing the projected global gross domestic product (GDP) growth of 2.0 per cent.

KUALA LUMPUR, June 20 — The ringgit extended its losses when it opened lower against the US dollar today amid weaker market sentiment on the local currency, an economist said.

KUALA LUMPUR, June 19 — SP Setia Bhd’s indirect wholly-owned subsidiary, Petaling Garden Sdn Bhd, has inked three inter-conditional sale and purchase agreements (SPAs) with Mah Sing Group Bhd’s wholly-owned subsidiaries for the disposal of approximately 202.34 hectares of freehold land in Semenyih, Selangor for RM392.04 million.

KUALA LUMPUR, June 19 — Malaysia’s air passenger traffic grew 123.6 per cent year-on-year (y-o-y) to 19.4 million passengers in the first quarter of 2023 (1Q 2023), said the Malaysian Aviation Commission (Mavcom).

KUALA LUMPUR, June 17 — The ringgit is likely to stay at the current level against the US dollar, at 4.60 to 4.61, as monetary policy action will continue to take centre stage with a series of US Federal Reserve (Fed) officials sharing their thoughts with the public.

KUALA LUMPUR, June 17 — The number of unclaimed monies (UM) being reclaimed as of May 31 this year totals RM3.4 billion, according to the Finance Ministry (MoF).

KUALA LUMPUR, June 16 — The ringgit was higher against the US dollar at the close today following the US Federal Reserve’s (Fed) unaggressive stance on interest rate hikes, as well as the prospect of fiscal spending in China to stimulate consumer spending, said an analyst.

KUALA LUMPUR, June 16 — Top Glove Corp Bhd believes that a return to the black is unlikely to happen in the last quarter of its 2023 financial year (FY2023) despite an improved outlook projected for average selling prices (ASPs) of its gloves and declining lower natural gas prices as well as raw materials.

KUALA LUMPUR, June 16 — Domestic direct investment (DDI) remained equally important to the Ministry of Investment, Trade and Industry (Miti) despite the focus on foreign direct investment (FDI) which has been recovering since the Covid-19 pandemic.

KUALA LUMPUR, June 16 — Malaysia’s net inflows of foreign investment surged to RM74.6 billion in 2022 from RM50.4 billion in 2021, while investment abroad tripled to RM58.6 billion from RM19.4 billion.

KUALA LUMPUR, June 16 — Top Glove Corp Bhd has reported a net loss of RM130.59 million in the third quarter (3Q) ended March 31, 2023, compared with net profit of RM15.29 million registered in the corresponding period a year ago.

KUALA LUMPUR, June 16 — The ringgit opened higher against the US dollar this morning despite the prevailing cautious sentiments surrounding China's economic growth.

KUALA LUMPUR, June 15 — The ringgit continued to open lower versus the the US dollar today on subdued demand despite the US Federal Reserve (Fed) leaving its benchmark rate at 5.25 per cent during the Federal Open Market Committee meeting last night.

KUALA LUMPUR, June 14 – The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the week starting June 15 to 21.

PETALING JAYA, June 14 – The Economy Ministry is expecting the procurement of the remaining 4,900 vending machines targeted this year under the People's Income Initiative (IPR) programme will be completed within two months from now.