KUALA LUMPUR, Feb 24 — Borrowings for 2023 are expected to reach 12.2 per cent of gross domestic product (GDP), lower than the initial projection of 14 per cent, which includes financing for development programmes and projects in the Third Rolling Plan under the 12th Malaysia Plan (12MP), as well as redemption of 1MDB bond maturing in March 2023.

KUALA LUMPUR, Feb 24 — The ringgit opened flat against the US dollar this morning as investors are focusing on Malaysia’s Budget 2023 tabling today, as well as the United States (US) Personal Consumption Expenditures (PCE) Price Index data to be released tonight, said an analyst.

KUALA LUMPUR, Feb 23 — The ringgit snapped a two-day losing streak to end higher against the US dollar on Thursday, on better local market sentiment amid higher global crude oil prices, analysts said.

KUALA LUMPUR, Feb 23 — Malaysian businesses remain optimistic about the business condition in the first quarter of 2023 (1Q 2023) with the confidence indicator improving to 3.6 per cent from 3.2 per cent in the previous quarter (4Q 2022), according to the Department of Statistics Malaysia's (DOSM) latest business tendency statistics report.

KUALA LUMPUR, Feb 23 — Sunway Property, the property division of Sunway Group, is confident that it would achieve its RM2.3 billion sales target this year, supported by a strong pipeline of projects.

KUALA LUMPUR, Feb 23 — The ringgit has improved against the US dollar this morning, ahead of the release of the United States (US) Federal Open Market Committee meeting minutes data.

KUALA LUMPUR, Feb 22 — The ringgit slipped further against the greenback at the close today, in line with other Asian currencies, after US Treasury yields rose due to stronger purchasing managers' index data in the United States, said SPI Asset Management managing director Stephen Innes.

KUALA LUMPUR, Feb 22 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the period from February 23 to March 1, the Ministry of Finance (MoF) said.

KUALA LUMPUR, Feb 22 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$114.4 billion (RM507.9 billion) as of February 15, 2023, and the reserves position is sufficient to finance 5.0 months of imports of goods and services and is 1.0 time of the total short-term external debt.

PETALING JAYA, Feb 22 — The Real Estate and Housing Developers’ Association (Rehda) Malaysia found that 51 per cent of property developers are not planning to launch new projects in the first half (1H) of 2023, given the unfavourable market conditions.

KUALA LUMPUR, Feb 22 — AirAsia X Bhd’s share price surged by 25 per cent after reporting an improved financial performance for the quarter ended December 31, 2022.

KUALA LUMPUR, Feb 22 — The ringgit has continued to depreciate against the US dollar for the second consecutive day amidst persistent buying support for the safe-haven greenback, an analyst said.

KUALA LUMPUR, Feb 21 — The ringgit retreated from yesterday’s gains to close lower with market sentiment remaining weak on lingering concerns over the US Federal Reserve’s (Fed) decision on interest rates, analysts said.

KUALA LUMPUR, Feb 21 — Malaysia’s electrical and electronics (E&E) industry is likely to see slower growth in 2023 compared to last year amid global headwinds, said the Malaysia Semiconductor Industry Association (MSIA).

KUALA LUMPUR, Feb 21 — RHB Investment Bank Bhd (RHB IB) is expecting the automotive industry to see strong earnings growth in the first quarter of 2023 (1Q 2023) and 4Q 2022 as automotive companies are in the final stretch of fulfilling the Sales and Service Tax (SST) — exempted orders before June 30.

SINGAPORE, Feb 21 — Asian stocks edged lower on Tuesday as the prospect of the US central bank having to stay on its hawkish path weighed on sentiment, with investors looking to the minutes of the latest Federal Reserve meeting for further monetary policy clues.

KUALA LUMPUR, Feb 21 — Bursa Malaysia opened almost flat on Tuesday amidst cautious sentiments ahead of the re-tabling of Budget 2023 this Friday.

KUALA LUMPUR, Feb 21 — 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 21 — The ringgit opened lower against the US dollar today amidst quiet trading as the United States (US) markets were closed for Washington's Birthday holiday on Monday, a dealer said.

KUALA LUMPUR, Feb 20 — Economic corridor authorities recorded total committed investments of RM101.43 billion with total realised investments of RM64.07 billion from 2021-2022 during the 12th Malaysia Plan (12MP), said Economy Minister Rafizi Ramli.