KUALA LUMPUR, April 11 — The sales value of the manufacturing sector posted double-digit growth of 10.3 per cent year-on-year to record RM145.2 billion in February 2023, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, March 11 — The ringgit opened lower against the greenback as the US Dollar Index (DXY) overnight strengthened, boosted by rising US Treasury yields, said an analyst.

KUALA LUMPUR, April 10 — Malaysia Airports Holdings Bhd (MAHB) will leverage the strong recovery of air travel as airlines accelerate their flight capacities back to pre-pandemic levels, said Hong Leong Investment Bank (HLIB) today.

KUALA LUMPUR, April 10 — The ringgit opened lower against the US dollar today, ahead of the release of the United States (US) Federal Open Market Committee (FOMC) meeting minutes as well as the International Monetary Fund’s (IMF) latest global projection this week, said an analyst.

KUALA LUMPUR, April 8 — The ringgit is expected to experience some technical correction in the coming days, trading in the range of 4.40 to 4.41 against the US dollar, an economist said.

KUALA LUMPUR, April 7 — The ringgit ended the week lower against the US dollar on Friday in the absence of fresh market catalysts, an economist said.

SEREMBAN, April 7 — The Rahmah Sales programme initiated by the Ministry of Domestic Trade and Cost of Living (KPDN) has grossed RM52 million in sales since its implementation through 3,223 sales promotions since January.

KUALA LUMPUR, April 7 — The unit price index of steel rose 0.9 per cent in March 2023 from 1.5 per cent in February in tandem with the increasing trend of iron ore and steel prices at the global level, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, April 7 — The ringgit opened marginally lower against the US dollar today on the expectation of a pause in the United States Federal Reserve’s Fund Rate in the next meeting from May 2 to May 3, 2023.

PUTRAJAYA, April 6 — Prime Minister Datuk Seri Anwar Ibrahim said dependence on middlemen should be reduced in an effort to control the prices of goods in the country.

KUALA LUMPUR, April 6 — The Malaysian Palm Oil Council (MPOC) has garnered RM66 million in potential sales in a recent trade and networking visit to Kazakhstan and Uzbekistan.

KUALA LUMPUR, April 6 — The ringgit continued its positive momentum against the US dollar at the close today as the elevated crude oil prices combined with a possible dovish stance by the US Federal Reserve on its monetary policy provided support to the ringgit, said an economist.

KUALA LUMPUR, April 6 — The Ministry of International Trade and Industry (Miti) today stressed that the ministry and its agencies have an existing robust and comprehensive monitoring and facilitation mechanism for potential investments and exports made through trade and investment missions or other means.

KUALA LUMPUR, April 6 — The Ministry of Domestic Trade and Cost of Living (KPDN) hopes more hospitality companies will join the Payung Rahmah initiative by offering certain packages to help increase the growth of the domestic tourism sector.

KUALA LUMPUR, April 6 — The government remains committed to implementing policies that can bolster the nation’s economic growth and competitiveness, to attract funds that will strengthen the international reserves and the ringgit.

PUTRAJAYA, April 6 — Chinese automaker Zhejiang Geely Holding Group Co Ltd (Geely) will invest RM30 billion in the development and commercialisation of the Automotive High-Tech Valley (AHTV) in Tanjung Malim, Perak, said Science, Technology and Innovation Minister Chang Lih Kang.

KUALA LUMPUR, April 6 — Business sentiments for the first quarter of this year (1Q 2023) improved as challenges faced by firms eased slightly.

KUALA LUMPUR, April 6 — The ringgit retreated from two consecutive days of gains to open lower against the US dollar on Thursday, amidst softening data points, said an economist.

KUALA LUMPUR, April 5 — The overnight policy rate (OPR) varies according to economic conditions and is decided by Bank Negara Malaysia, said Bank Muamalat chief economist Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR, April 5 — The ringgit has extended its positive momentum against the US dollar for the second consecutive day, said an economist.