KUALA LUMPUR, June 9 — The Malaysian labour market is expected to strengthen further in 2023, underpinned by continuous upbeat momentum in the domestic economy and modest expansion in the external sector, according to MIDF Research.

KUALA LUMPUR, June 9 — Malaysia's Industrial Production Index (IPI), which consists of three sectors namely mining, manufacturing and electricity, contracted by 3.3 per cent in April 2023, weighed down by all sectors, against a positive 3.2 per cent recorded in the preceding month.

KUALA LUMPUR, June 9 — The manufacturing sector sales value declined by two per cent year-on-year (y-o-y) to RM145 billion in April 2023, the lowest since May 2020, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 9 — The ringgit staged a rebound this morning, opening higher against the US dollar as the greenback slipped on unexpected data print, an economist said.

KUALA LUMPUR, June 8 — Malaysian Resources Corporation Bhd’s (MRCB) wholly-owned subsidiary Puncak Wangi Sdn Bhd (PWSB) will enter into negotiations with Maybank Trustees Bhd (MTB) for the proposed disposal of 27-storey office tower Menara CelcomDigi in Section 52, Petaling Jaya, Selangor.

KUALA LUMPUR, June 8 — The ringgit would not hit the 5.0 level against the US dollar because Malaysia is not experiencing any form of crisis.

KUALA LUMPUR, June 8 — Macro policies such as the overnight policy rate (OPR) must be adjusted in line with the strengthening economy, said Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, June 8 — The ringgit took a dip against the US dollar at the opening today as traders anticipate global central banks’ move on interest rate hikes which appear to be far from over, an economist said.

KUALA LUMPUR, June 7 –The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the week starting June 8 to 14.

KUALA LUMPUR, June 7 – Padiberas Nasional Bhd (Bernas) agreed to top up another 150,000 tonnes of imported rice to ensure no break in its supply in the country.

KUALA LUMPUR, June 7 — The ringgit rebounded from its losses to open marginally higher against the US dollar today, supported by the rising oil price amid a slightly weaker greenback.

KUALA LUMPUR, June 6 — The ringgit opened lower against the US dollar in the early session today as investors remain cautious on the global outlook despite a slightly weaker greenback, an analyst said.

KUANTAN, June 3 — Retailers are reminded not to hoard sugar supply or impose conditions on buyers as strict action may be taken against them, said Deputy Minister of Domestic Trade and Cost of Living Fuziah Salleh.

KUALA LUMPUR, June 3 — The RM23.07 billion worth of potential Japanese investments clinched during the recent trade and investment mission (TIM) reflect the confidence that global companies have in Malaysia's business ecosystem, according to the Malaysian Investment Development Authority (Mida).

KUALA LUMPUR, June 3 — Malaysia's inflation rate is expected to remain moderate this year based on what the economic data indicates for the next few months, said Economy Minister Rafizi Ramli.

KUALA LUMPUR, June 3 — The ringgit is expected to trade in cautious mode with an upward bias against the US dollar next week ahead of a decision by the United States Federal Reserve (Fed) on its monetary policy.

KUALA LUMPUR, June 2 — The ringgit rebounded from a four-day losing streak to end higher on Friday, driven by improved sentiment as the United States (US) debt ceiling deal was resolved and the expectation that the Federal Reserve will pause interest rate hikes in June.

KUALA LUMPUR, June 2 — India's Minister of State for External Affairs V.

KUALA LUMPUR, June 2 — The Ministry of Investment, Trade and Industry (Miti) successfully secured a total of RM23.07 billion potential investment and RM2.1 billion potential exports of products and services to Japan following the recently concluded Trade and Investment Mission (TIM) to Tokyo and Osaka.

KUALA LUMPUR, June 2 — Malaysia's manufacturing Purchasing Managers’ Index (PMI) is expected to remain consistent with the trend of the global PMI, given the multifaceted and volatile nature of the manufacturing industry, said PublicInvest Research.