KUALA LUMPUR, May 12 — The ringgit slipped further to end the week lower against the US dollar on Friday despite Malaysia’s better-than-expected first-quarter gross domestic product (GDP) data, an analyst said.

KUALA LUMPUR, May 12 — Malaysia’s gross domestic product (GDP) is set to moderate to 4.2 per cent in 2023 amid external headwinds and tightening of monetary policy in many economies, said MIDF Research.

KUALA LUMPUR, May 12 — Bank Negara Malaysia’s announcement that the economy is no longer in crisis and continues to gain strength is a big lift to sentiment three years since the outbreak of the pandemic.

KUALA LUMPUR, May 12 — Stage Two loans in Malaysia had improved during the first quarter of 2023 (1Q 2023), declining to five per cent as more borrowers successfully transitioned out of repayment assistance programmes, said Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, May 12 — Malaysia is on track to achieve its gross domestic product (GDP) growth target of between four and five per cent this year, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, May 12 — Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus has denied that the increase in the overnight policy rate (OPR) has led to a rise in bankruptcies.

KUALA LUMPUR, May 12 — Malaysia's economy picked up in the first quarter buoyed by firm domestic demand, central bank and government data showed on Friday.

KUALA LUMPUR, May 12 — Malaysia’s current account balance (CAB) continued to record a surplus of RM4.3 billion or 1.0 per cent of the gross domestic product (GDP) in the first quarter of 2023 (1Q 2023), down from RM27.5 billion (5.9 per cent of GDP) in the previous quarter.

KUALA LUMPUR, May 12 — The ringgit opened lower against the US dollar in the early session today as the greenback stayed firmer following the release of the United States (US) Producer Price Index (PPI).

KUALA LUMPUR, May 11 — The ringgit trimmed its earlier gains to end lower against the US dollar on Thursday amid a firmer greenback despite softer United States (US) consumer price index (CPI) data, an analyst said.

PUTRAJAYA, May 11 — Malaysia will meet leaders of the European Union (EU) member states in Brussels, Belgium, at the end of this month to ensure palm oil products exported to the EU are not banned with the implementation of the European Union Deforestation-free Regulation (EUDR).

KUALA LUMPUR, May 11 — The ringgit snapped its three-day losing streak to open higher against the US dollar in the early session today as the greenback softened following a lower-than-expected United States (US) Ápril consumer price index (CPI) data released last night.

KUALA LUMPUR, May 10 — The ringgit extended its loss to end lower today for the third consecutive day against the greenback amid cautious trading ahead of US inflation data later tonight, an analyst said.

KUALA LUMPUR, May 10 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the week from May 11 to May 17.

KUALA LUMPUR, May 10 — MIDF Research expects the upbeat domestic demand momentum underpinned by a steady labour market, softening inflationary pressure, pick-up in tourism activities, and supportive economic policies to boost the first quarter (Q1) of 2023’s gross domestic product (GDP) growth and the overall 2023 expansion rate.

KUALA LUMPUR, May 10 — Malaysia’s wholesale and retail trade sales grew 12.8 per cent year-on-year (y-o-y) to RM407.4 billion in the first quarter (1Q) of 2023, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 10 — Malaysia’s wholesale and retail trade volume index registered a 9.5 per cent growth year-on-year in the first quarter of 2023 (1Q 2023), said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 10 — Malaysia’s services sector revenue grew 13.1 per cent year-on-year (y-o-y) to RM560.3 billion in the first quarter of 2023 (1Q 2023) from RM495.5 billion in the same quarter last year, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, May 10 — Malaysia's total palm oil stocks fell 10.54 per cent to 1.50 million tonnes in March from 1.67 million tonnes in the previous month.

KUALA LUMPUR, May 10 — Kenanga Research has projected the ringgit to trade at 4.11 against the US dollar by year-end from its current level of above 4.40.