KUALA LUMPUR, May 26 — A strong US dollar will likely continue in the near future and economies need to brace for another round of rough currency market as heightened risks would lead to a flight to safety phenomenon globally.

KUALA LUMPUR, May 26 — The ringgit rebounded sharply versus the greenback as US debt ceiling negotiations made headway, with the local currency also strengthening against other major and regional currencies.

PUTRAJAYA, 26 May — Bank Negara is looking for an appropriate solution to shore up the weakening ringgit, a phenomenon that is expected to continue if the US government’s request to raise its national debt ceiling remains unapproved, said Deputy Finance Minister Datuk Seri Ahmad Maslan.

LANGKAWI, May 26 — Malaysia aims to strengthen its position as Asia’s shipbuilding and ship repair (SBSR) hub through collaboration and innovation to shape a vibrant future for the industry, said the Malaysian Investment Development Authority (Mida).

KUALA LUMPUR, May 26 — Malaysia’s Consumer Price Index (CPI) for April 2023 increased to 3.3 per cent with the index points standing at 130.0 from 125.9 in the same month last year, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 26 — Malaysia’s export prices recorded a decline of 0.5 per cent to 141.9 points in April 2023 from 142.6 points in the preceding month, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 26 — The ringgit continued to remain under pressure as the outcome of the United States (US) debt ceiling talks remains highly uncertain despite inching closer to the early June deadline.

KUALA LUMPUR, May 25 — The ringgit depreciated further against the US dollar, hitting a six-month low, and is currently trading near its resistance level of 4.6257, alongside other regional currencies impacted by the US debt ceiling debacle, said Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR, May 25 — The demand for Malaysian palm oil is expected to improve this year propped up by the hot weather, pushing up the price to between RM3,800 to RM4,000 per tonne, the Malaysian Palm Oil Board (MPOB) said.

KUALA LUMPUR, May 25 — Public Bank Bhd’s net profit rose to RM1.71 billion in the first quarter ended March 31, 2023 (1Q FY2023) from RM1.40 billion in the same period last year in the absence of prosperity tax.

KUALA LUMPUR, May 25 — Malaysia’s leading index (LI) decreased by 1.2 per cent to 110.1 points in March 2023, from 111.4 points in March 2022, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 25 — The ringgit extended its downtrend against the US dollar this morning, breaching the 4.6 level as the greenback continued to strengthen on the expectation of an interest rate hike in the United States (US).

KUALA LUMPUR, May 24 — The ringgit depreciated further against the US dollar and other currencies due to looming concerns over the global financial sector’s health as well as potential global recession, US debt ceiling risks, an impending decline in energy demand in the West, and a deflationary stagnation in China.

KUALA LUMPUR, May 24 — The Federation of Malaysian Manufacturers (FMM) has urged the government to address the fragmentation and duplication of programmes and initiatives to support its fiscal consolidation initiatives aimed at reducing the fiscal deficit.

KUALA LUMPUR, May 24 — The retail prices of RON97 and RON95 petrol as well as diesel will be unchanged for the May 25 to May 31 period, the Finance Ministry (MOF) said.

KUALA LUMPUR, May 24 — All memoranda of understanding (MoUs) signed between Malaysian and Chinese companies recently would be evaluated in a transparent and comprehensive manner by the MoU Evaluation Committee, whose members are from several ministries and investment-related agencies.

KUALA LUMPUR, May 24 — Malaysia’s business outlook is seen to remain positive in the next six months from April to September 2023, with a net balance of +14.9 per cent from +12.1 per cent recorded previously, said the Department of Statistics Malaysia's (DOSM).

KUALA LUMPUR, May 24 — The government does not propose to raise the activation pricing level (PHP) of the rubber production incentive (IPG) for the time being following the increase already made in Budget 2023.

KUALA LUMPUR, May 24 — The ringgit opened lower against the US dollar as the greenback stayed firm, driven by a jump in US Treasury yield amid uncertainties surrounding the United States (US) debt ceiling talks, said an analyst.

KUALA LUMPUR, May 23 – The government will implement the Festive Season Maximum Price Scheme (SHMMP) for the Kaamatan Festival and Gawai Day 2023 involving eight items for the period from May 27 to June 2 for the Kaamatan Festival and May 29 to June 4 (Gawai Day).