KUALA LUMPUR, April 4 — The ringgit rebounded to open higher against the US dollar on Tuesday after the release of the United States (US) ISM manufacturing purchasing managers’ index (PMI) data which came in lower than expected at 46.3 points in March, said an economist.

KUALA LUMPUR, April 3 — The ringgit closed lower against the US dollar today despite firmer crude oil prices.

KUALA LUMPUR, April 3 — Malaysia’s structural reform efforts should be expedited and require a comprehensive strategy to prevent leakages, said Bank Muamalat Malaysia Bhd chief economist and head of social finance Mohd Afzanizam Abdul Rashid.

PUTRAJAYA, April 3 — The number of unsubsidised fuel stations in the country’s border areas will be increased in stages to combat the problem of leakage in the sale of subsidised diesel, said Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.

KUALA LUMPUR, April 3 — The government will improve the levy collection mechanism and is prepared to review the windfall profit threshold by taking into consideration palm oil production cost, said Deputy Finance Minister I Datuk Seri Ahmad Maslan today.

KUALA LUMPUR, April 3 — The increased interest of Chinese companies in Malaysia bodes well for the nation and has elevated Malaysia - China bilateral relations onto the next level, bolstered by renewed confidence in the country’s Unity Government, said International Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz.

KUALA LUMPUR, April 3 — The government and the industry have agreed to maintain the retail prices of pure cooking oil from April 8 to May 7, to ensure consumers are not affected by the increase in the prices ahead of the Hari Raya Aidilfitri celebration.

KUALA LUMPUR, April 3 — The government has been urged to upgrade quickly the B10 biodiesel programme being implemented to B15 to ensure that Malaysia remains a key player and the benchmark for palm oil prices in the world.

KUALA LUMPUR, April 3 — Bank Negara Malaysia (BNM) will assess the impact of raising the overnight policy rate (OPR) by 100 basis points (bps) in 2022 on the Malaysian economy before taking any further action, said assistant governor Fraziali Ismail.

KUALA LUMPUR, April 3 — Malaysia said on Sunday it has signed a memorandum of understanding with a China government-backed trade association to enhance palm oil trade and cooperation.

KUALA LUMPUR, April 3 — The ringgit retreated from its gains last week to open lower against the US dollar on Monday as the surprise move by the Organisation of Petroleum Exporting Countries and its allies (OPEC+) over the weekend affected market sentiments, said an economist.

BATU PAHAT, April 2 — The Ministry of Domestic Trade and Cost of Living (KPDN) are satisfied that for the first 10 days of fasting, no traders were found selling whole chicken above the set ceiling price of RM9.40 per kg.

KUCHING, April 2 — The United Kingdom’s decision to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is anticipated to boost trade ties between Malaysia and the UK.

KUALA LUMPUR, April 2 — The Malaysian Palm Oil Board (MPOB) has signed a memorandum of understanding (MoU) with the China Chamber of Commerce of Import and Export of Foodstuffs, Native Produce, and Animal By-products (CFNA) to enhance trade and cooperation in the palm oil sector between both countries on palm oil supply chain stabilisation fields.

KUALA LUMPUR, April 2 — Malaysia is planning to develop country-specific greenhouse gas (GHG) emission factors for key sectors, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, April 2 — Bank Negara Malaysia (BNM) will continue with its engagements with key stakeholders in navigating Malaysia’s economic transition towards a decarbonised future.

KUALA LUMPUR, April 2 — While continued economic activity expansion is expected to occur in 2023 as conditions normalise following the Covid-19 pandemic, labour market reforms must accelerate to support economic growth, said Bank Negara Malaysia (BNM).

JOHOR BAHRU, April 1 — The Ministry of Domestic Trade and Cost of Living (KPDN) has decided to maintain the ceiling prices for chicken and egg until after the Hari Raya Aidilfitri festival.

KUALA LUMPUR, April 1 — Malaysia’s key economic indicators continue to grow modestly in January 2023, despite ongoing geopolitical conflicts and ratcheting up of inflation in the global economy, said the Department of Statistics Malaysia (DOSM).

BEIJING, April 1 — Malaysia has secured a record RM170 billion worth of investment commitment from China.