KUALA LUMPUR, March 13 — Petroliam Nasional Bhd (Petronas) posted its strongest financial performance with a net profit of RM101.6 billion in the financial year ended December 31, 2022 (FY2022), up 51 per cent against RM50.9 billion a year ago, on the back of favourable market conditions last year.

KUALA LUMPUR, March 13 — Malaysia aims to increase its trade with South Korea by 20 per cent this year after bilateral trade hit US$26 billion (RM114.55 billion) in 2022.

KUALA LUMPUR, March 13 — International Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz will lead a trade and investment mission to Seoul, South Korea from March 14 to March 17 to strengthen the economic ties between the two countries.

KUALA LUMPUR, March 13 — Malaysia’s Industrial Production Index (IPI) growth moderated to 1.8 per cent in January 2023 against 2.9 per cent in the preceding month, weighed down partly by a slower growth in manufacturing output, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, March 13 — The ringgit opened marginally higher versus the greenback this morning ahead of the United States’ (US) February inflation report to be released this week, said an analyst.

KUALA LUMPUR, March 11 — The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is expected to continue tracking the movement of the underlying cash market next week.

KUALA LUMPUR, March 11 — The ringgit is expected to trade in a tight range at the 4.5100-4.5200 level against the greenback ahead of US inflation data in the middle of next week.

KUALA LUMPUR, March 11 — The local rubber market is projected to be trading range-bound next week, said Malaysian Rubber Glove Manufacturers Association’s (Margma) immediate past president Denis Low.

KUALA LUMPUR, March 11 — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are projected to trade in a wider range of RM3,840 to RM4,260 next week, said Mumbai-based Sunvin Group commodity research head Anilkumar Bagani.

KUALA LUMPUR, March 11 — Bursa Malaysia is likely to see cautious trading next week with investors’ attention focused on US inflation data scheduled for March 14.

KUALA LUMPUR, March 10 — The Malaysian rubber market ended lower today, dragged by declining crude oil prices, said a dealer.

KUALA LUMPUR, March 10 — Bursa Malaysia ended at its intraday low today in tandem with the heavy selldown in most regional and global bourses.

KUALA LUMPUR, March 10 — The ringgit closed slightly lower against the US dollar today, suggesting a tight-range mode as market players awaited the United States (US) non-farm payrolls data tonight, in particular the average hourly earnings, said an analyst.

KUALA LUMPUR, March 10 — Malaysia’s total palm oil stocks dropped by 6.56 per cent to 2.11 million tonnes in February 2023 from 2.26 million tonnes recorded in the preceding month, said the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR, March 10 — Malaysia's total property transaction value in 2022 is likely to surpass the highest level ever recorded of RM161 billion back in 2014, driven by the recovery in demand.

KUALA LUMPUR, March 10 — Research houses see the possibility of Bank Negara Malaysia (BNM) maintaining its overnight policy rate (OPR) rate at the current level for a longer time, following the pause in January and March.

KUALA LUMPUR, March 9 — Bank Negara Malaysia’s (BNM) decision to keep the overnight policy rate (OPR) unchanged at 2.75 per cent will allow the economy to readjust to the 100 basis points (bps) rate hike made last year, said AmBank Economic Research.

KUALA LUMPUR, March 9 — The ringgit reversed yesterday’s losses to close higher against the US dollar today after the Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) decided to maintain the Overnight Policy Rate (OPR) at 2.75 per cent.

KUALA LUMPUR, March 9 — MIDF Amanah Investment Bank Bhd Research (MIDF Research) believes the current focus of Bank Negara Malaysia's (BNM) monetary policy setting is to ensure a sustainable growth momentum of Malaysia’s economy.

KUALA LUMPUR, March 9 — Bursa Malaysia closed on a softer note despite Bank Negara Malaysia’s decision to retain the overnight policy rate (OPR) as investors remained wary of interest rate hike in the United States and risk of recession on a global scale.