KUALA LUMPUR, March 23 — Malaysia’s halal industry is projected to expand to US$113.2 billion (RM501.4 billion) by 2030, with a gross domestic product (GDP) contribution of 8.1 per cent by 2025 through the Halal Industry Master Plan 2030 (HIMP 2030).

KUALA LUMPUR, March 23 — The International Trade and Industry Ministry (Miti) has issued 576 preferential certificates of origin with free on-board (FOB) value of more than RM226.6 million to local exporters under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as of March 10, 2023.

KUALA LUMPUR, March 23 — The total industry volume (TIV) for the auto and auto parts sector in March 2023 is expected to be stronger, being the last month for carmakers to deliver the sales and service tax (SST)-exempt orders.

KUALA LUMPUR, March 23 — The Malaysian Palm Oil Council (MPOC) has appointed United Plantations Bhd’s vice-chairman and chief executive director Datuk Carl Bek-Nielsen as its new chairman, effective May 1, 2023.

KUALA LUMPUR, March 23 — The ringgit maintained its positive momentum against the US dollar in the early trading session on Thursday, as growing concerns over the global economic outlook shifted more investors towards emerging currencies, including the ringgit, dealers said.

KUALA LUMPUR, March 22 — More engagement sessions will be carried out with textile industry players under the Payung Rahmah initiative so that they can offer outfits priced at up to 20 per cent lower than existing cheap sale prices.

KUALA LUMPUR, March 22 — The ringgit extended its uptrend against the US dollar for the third consecutive day on the expectation of a softer interest rate hike by the US Federal Reserve (Fed) later tonight and even a possible cut in the second half of the year.

KUALA LUMPUR, March 22 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the week from March 23 to March 29.

KUALA LUMPUR, March 22 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$114.0 billion (RM509.5 billion) as of March 15, 2023, and the reserves position is sufficient to finance five months of imports of goods and services, and is 1.0 time of the total short-term external debt.

KUALA LUMPUR, March 22 — The Malaysian Palm Oil Council (MPOC) will continue to engage with the European Union (EU) to demand changes to the EU Deforestation Regulation (EUDR).

KUALA LUMPUR, March 21 — The ringgit has maintained its uptrend against the US dollar in the early session today as growing concerns over global economic developments saw more investors shifting away from the safe havens, dealers said.

KUALA LUMPUR, March 21 — Khazanah Nasional Bhd recorded a higher profit from operations of RM1.6 billion in the financial year 2022 (FY2022) compared with RM670 million in FY2021 despite the challenging and volatile global markets.

KUALA LUMPUR, March 21 — The ringgit maintained its positive momentum against the US dollar in early trade today, as continued global uncertainties prompted more investors to shift towards emerging currencies, including the ringgit, a dealer said.

KUALA LUMPUR, March 20 — The ringgit extended last week's gains to trade higher against the US dollar in the early session today, driven by investors' return to emerging currencies as the global banking crisis eased and ahead of the decision on US interest rates in the middle of the week, dealers said.

KUALA LUMPUR, March 18 — The ringgit is expected to trade in cautious mode with an upward bias against the US dollar next week ahead of a decision by the United States Federal Reserve (Fed) on its monetary policy.

SUNGAI PETANI, March 17 — Malaysia needs to develop new growth areas, including the renewable energy and electric vehicle (EV) sectors, to increase the demand for semiconductor chips in this country.

KUALA LUMPUR, March 17 — The ringgit rebounded from yesterday's losses to end higher against the US dollar on Friday, driven by improving sentiment after concerns over a global banking crisis eased, said an analyst.

Reuters, March 17 — Multi-billion dollar lifelines for troubled US and European banks shored up investor confidence on Friday and bolstered sentiment in battered stocks, although concerns now centre on whether a global financial crisis has been fully averted.

KUALA LUMPUR, March 17 — Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

KUALA LUMPUR, March 17 — Bursa Malaysia opened higher Friday on better sentiment, sparked by the Wall Street rally overnight following a joint rescue of First Republic Bank by several big US banks, an analyst said.