KUALA LUMPUR, Feb 28 — Malaysia’s terms of trade maintained positive growth of 2.2 per cent year-on-year in January 2023, from 109.1 points in the same period last year, according to the Department of Statistics (DOSM).

KUALA LUMPUR, Feb 28 — The Malaysian economy is anticipated to grow at a more moderate pace this year following a strong recovery in 2022 as economies around the world continue to struggle to sustain growth, the Department of Statistics Malaysia (DoSM) said.

KUALA LUMPUR, Feb 28 — Malaysia’s economic growth is likely to moderate in 2023 with the gross domestic product (GDP) expected to grow 4.1 per cent after an exceptional 8.7 per cent expansion in 2022, said Moody’s Analytics.

KUALA LUMPUR, Feb 28 — The continuous decline in the Producer Price Index (PPI) inflation provides a positive signal, especially for the Consumer Price Index trajectory in the near term, says MIDF Amanah Investment Bank Bhd Research (MIDF Research).

KUALA LUMPUR, Feb 28 — Bursa Malaysia was lower at midmorning as investors traded cautiously ahead of US key prints tonight to further gauge the Federal Reserve tone in terms of interest rate direction.

KUALA LUMPUR, Feb 28 — 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, Feb 28 — The ringgit rebounded to open higher against the US dollar on Tuesday after US durable goods data for January came in below expectations, a dealer said.

KUALA LUMPUR, Feb 27 — The ringgit continued its downtrend this week to close lower today, as market sentiment remained weak amid no fresh leads.

PUTRAJAYA, Feb 27 — Provision of subsidies for chicken eggs will continue until June 2023 involving a total cost of RM1.28 billion, said the Ministry of Agriculture and Food Security (MAFS).

KUALA LUMPUR, Feb 27 — The Producer Price Index (PPI) for local production, which measures prices of goods at the factory gate, grew at a slower pace of 1.3 per cent year-on-year (y-o-y) in January 2023 compared with 3.5 per cent y-o-y in December 2022, the Department of Statistics Malaysia (DOSM) reported today.

KUALA LUMPUR, Feb 27 — CGS-CIMB expects the market’s reaction to be neutral to negative post-Budget 2023.

KUALA LUMPUR, Feb 27 — Bursa Malaysia traded cautiously early today amid US equity weaknesses.

KUALA LUMPUR, Feb 27 — The ringgit opened lower against the US dollar on better demand for the greenback driven by strong US yields, analysts said.

SYDNEY, Feb 25 — Asian shares slipped on Monday as markets were forced to price in ever-loftier peaks for US and European interest rates, slugging bonds globally and pushing the dollar to multi-week highs.

KUALA LUMPUR, Feb 26 — As the revised Budget 2023 remains moderately expansionary, Kenanga Research expects the debt level to increase slightly to 61.4 per cent of gross domestic product (GDP) for 2023 on an estimated fiscal deficit of RM95.0 billion and potentially slower economic growth.

KUALA LUMPUR, Feb 25 — The ringgit is expected to trade between 4.4275 and 4.4575 against the US dollar next week, a wider range than normal due to the uptick in market volatility.

KUALA LUMPUR, Feb 24 — The ringgit ended the week easier against the US dollar on a lack of buying momentum, in line with the weaker sentiment of other Asian currencies, analysts said.

KUALA LUMPUR, Feb 24 — MIDF Research has maintained its average headline inflation forecast for Malaysia at 2.3 per cent this year.

KUALA LUMPUR, Feb 24 — The fiscal deficit for the Medium-Term Fiscal Framework (MTFF) 2023 - 2025 is expected to consolidate at a gradual pace with the overall balance averaging at 4.1 per cent of gross domestic product (GDP), the Ministry of Finance (MoF) said.

KUALA LUMPUR, Feb 24 — The inflation rate is expected to remain manageable and is anticipated to range between 2.8 per cent and 3.8 per cent in 2023, following slower economic prospects as well as stable commodity prices.