PUTRAJAYA, May 18 — Malaysia’s labour productivity as expressed by value added per hour worked posted a 2.1 per cent growth in the first quarter (Q1) of 2023, with total hours worked increasing 3.5 per cent to 9.2 billion hours, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 18 — The ringgit was slightly stronger against the US dollar this morning as concerns over the United States’ (US) debt ceiling took a toll on the greenback, according to an analyst.

KUALA LUMPUR, May 17 — Malaysia and Indonesia are geared up for a two-day joint mission to Brussels beginning May 30 to deliberate on issues pertaining to recent developments in the European Union (EU), particularly the EU Deforestation Regulation (EUDR) that is negatively impacting the palm oil industry.

KUALA LUMPUR, May 17 — The ringgit continued to close lower against the US dollar today in reaction to a higher US dollar index (DXY).

KUALA LUMPUR, May 17 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the period of May 18 to 24, the Finance Ministry (MOF) said today.

KUALA LUMPUR, May 17 — Bursa Malaysia extended earlier gains to mid-afternoon, with the key index remaining in the positive territory, thanks to buying support in selected heavyweights led by Sime Darby Plantation.

KUALA LUMPUR, May 17 — Malaysia's inflation in 2022 rose to 3.3 per cent versus 2.5 per cent in 2021, with the index points standing at 127.2 last year versus 123.1 in 2021, said the Department of Statistics Malaysia (DoSM).

KUALA LUMPUR, May 17 — The ringgit opened lower against the US dollar today as investors remain cautious regarding the United States’ (US) debt ceiling deadline, said an analyst.

KUALA LUMPUR, May 16 — Sunway Bhd’s (Sunway) wholly-owned subsidiary Sunway Living Space Sdn Bhd has signed a sale and purchase agreement with Kar Sin Bhd, a subsidiary of YNH Property Bhd, to acquire a parcel of a freehold land in Sri Hartamas with a purchase consideration of RM170 million.

KUALA LUMPUR, May 16 — BMI, a Fitch Solutions company, has raised the forecast for Malaysia’s real gross domestic product (GDP) growth to 4.2 per cent in this year from 4.0 per cent previously following the better-than-expected 5.6 per cent expansion in the first quarter (1Q).

KUALA LUMPUR, May 16 — The ringgit improved versus the US dollar in early trade on Tuesday amid hopes for an agreement on raising the US debt ceiling.

GOMBAK, May 15 — The Ministry of Domestic Trade and Cost of Living (KPDN) will monitor the price of fish which is alleged to have risen following a shortage of supply due to the hot weather.

KUALA LUMPUR, May 15 — The ringgit extended last week’s losses to end weaker against the US dollar on Monday, following worries over the slowing global economy, said an economist.

KOTA KINABALU, May 15 — The Malaysian Cocoa Board (LKM) is targeting cocoa exports worth RM8 billion this year, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, May 15 — Malaysia's property market activity has declined by 5.7 per cent in the first quarter (1Q) of 2023 with more than 89,000 transactions worth RM42.31 billion compared to the same period last year, said the Ministry of Finance (MoF).

PUTRAJAYA, May 15 — The existing diesel subsidy system will continue and will be improved by ensuring that vehicles that transport diesel supplies from gas stations or skid tanks are equipped with a 'fleet card' system to monitor diesel consumption and avoid leakage, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, May 15 — The ringgit opened lower against the US dollar today as the greenback strengthened on fears of an economic slowdown, said an analyst.

KUALA LUMPUR, May 13 — OCBC Bank has maintained its 2023 gross domestic product (GDP) growth forecast of 4.4 per cent for Malaysia, implying weaker growth for the rest of the year but still within Bank Negara Malaysia’s (BNM) four per cent to five per cent forecast range.

KUALA LUMPUR, May 13 — RHB Investment Bank Bhd has maintained its 2023 gross domestic product (GDP) growth forecast at 5.0 per cent year-on-year (YoY) following the better-than-expected first quarter results.

NEW DELHI, May 12 — India imported more than 1.5 million tonnes of palm oil from Malaysia over the last six months.