KUALA LUMPUR, June 14 — The ringgit opened marginally lower against the US dollar today due to the lack of demand despite the lower US dollar index (DXY), said an analyst.

KUALA LUMPUR, June 13 — The ringgit ended slightly higher against the US dollar on Tuesday ahead of the release of the US consumer price index for May later today.

M'sia, Vietnam set US$18 bln trade target by 2025 HO CHI MINH CITY, June 13 — Vietnam and Malaysia have set a bilateral trade target of US$18 billion by 2025. Speaking at a meeting on June 12, Tran Phu Lu, deputy director of Ho Chi Minh (HCM) City Investment and Trade Promotion Center (ITPC),...

SHAH ALAM, June 13 — The Employees' Provident Fund (EPF) is aiming for the group's investment income to improve in the second quarter of 2023 (2Q 2023), given the improvement and stability in the global and domestic economy.

KUALA LUMPUR, June 13 — Sapura Energy Bhd has been granted an extension of up to Nov 30, 2023, to submit its Practice Note 17 (PN17) regularisation plan to the relevant regulatory authorities.

KUALA LUMPUR, June 12 — The Overnight Policy Rate (OPR) is likely nearing its optimal level based on historical factors where the rate hovered between three per cent and 3.25 per cent, an economist said.

KUALA LUMPUR, June 12 — The ringgit extended its weak momentum towards the end of today’s trading to close lower against the US dollar.

KUALA LUMPUR, June 12 — Malaysia’s total trade surged by 27.8 per cent to RM2.8 trillion in 2022 versus RM2.2 trillion the year before, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 12 — The Ministry of Investment, Trade and Industry (Miti) will ensure that investments and exports continue to support the 2023 Gross Domestic Product (GDP) growth target of 4.0 to 5.0 per cent.

KUALA LUMPUR, June 12 — Kenanga Investment Bank Bhd has revised down Malaysia’s 2023 manufacturing index growth forecast to 2.4 per cent from 5.0 per cent previously (2022: 8.2 per cent), given the considerably lower-than-expected print in April and the subdued year-to-date performance.

KUALA LUMPUR, June 12 — The Finance Ministry is inviting members of the public to give their views and input on how to grow the country’s economy and, at the same time, actively play a role in helping to shape Malaysia's economic health.

KUALA LUMPUR, June 12 — The ringgit opened lower against the US dollar today on cautious sentiment ahead of the US Federal Open Market Committee (FOMC) meeting on June 13 and 14.

KUALA LUMPUR, June 11 — Deputy Prime Minister Datuk Seri Fadillah Yusof recently led a highly successful mission to meet key European Union (EU) lawmakers to seek solutions regarding the bloc’s unjust deforestation law, called the European Union Deforestation-free Regulation (EUDR), which could dampen the palm oil industry.

KUALA KANGSAR, June 10 — A proposal to raise the floor price of scrap rubber to at least RM3 per kilogramme will be brought to the Ministry of Finance (MOF) for due consideration, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KOTA BHARU, June 10 — The government’s effort to continue the subsidies and price control for chicken and eggs proves that the proactive measures taken are timely to help the people, said Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub.

KUALA LUMPUR, June 10 — The latest upgrade in global economic growth for this year bodes well for Malaysia and is set to contribute positively to the country’s trade performance, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, June 10 — The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) hopes the government will extend the stamp duty exemption period for property priced between RM500,001 and RM1 million to end-2025 from end-2023 when tabling Budget 2024.

KUALA LUMPUR, June 10 — Cautious market sentiment is expected to influence the ringgit’s movement versus the US dollar next week, with external factors remaining as the main culprit.

KUALA LUMPUR, June 9 — The ringgit extended its earlier recovery momentum towards the end of today’s trading and closed marginally higher against the US dollar as risk appetite improved, amid weaker greenback sentiment.

KUALA LUMPUR, June 9 — Prime Minister Datuk Seri Anwar Ibrahim has agreed the subsidies and price control for chicken and eggs continue will be maintained.