KUALA LUMPUR, Feb 11 — Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on an upward bias next week, palm oil trader David Ng said.

KUALA LUMPUR, Feb 11 — The ringgit is likely to trade at the 4.3200-4.3450 level against the US dollar next week with a slightly negative bias as the ringgit is held hostage by external factors and predominantly a more hawkish rewrite of the Federal Reserve (Fed) narrative as the market starts pricing in more US rate hikes for 2023, said an analyst.

KUALA LUMPUR, Feb 10 — Malaysia's strong economic performance in 2022 clearly underscored global investors' confidence and the government's commitment to maintain macroeconomic stability, an economist said.

KUALA LUMPUR, Feb 10 — The FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded on Friday, snapping a three-day losing streak and bucking the regional trend as market participants cheered the slightly better-than-expected 2022 gross domestic product (GDP) data, a dealer said.

KUALA LUMPUR, Feb 10 — The ringgit extended its downtrend against the US dollar at the close on Friday attributed to the ongoing hawkish pushback from Federal Reserve (Fed) members on any hopes for an interest rate cut in 2023, said an analyst.

KUALA LUMPUR, Feb 10 — Malaysia’s current account surplus in the fourth quarter of 2022 (4Q 2022) widened to RM25.7 billion from RM14.1 billion in the previous quarter, supported by a surplus in the goods account and a lower deficit in the primary income account, said the Department Of Statistics Malaysia (DOSM).

KUALA LUMPUR, Feb 10 — Malaysia recorded a higher net inflow of RM19.3 billion in foreign direct investment (FDI) in the fourth quarter (4Q) 2022, compared with RM12.3 billion in the preceding quarter, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Feb 10 — The ringgit ended the fourth quarter of 2022 (4Q 2022) stronger by 5.3 per cent against the US dollar, buoyed by the encouraging global developments and greater domestic political certainty with the formation of the new government in November, says Bank Negara Malaysia (BNM).

KUALA LUMPUR, Feb 10 — About 71.6 per cent of Malaysian micro, small and medium enterprises (MSMEs) saw their revenue rise year-on-year last year, according to Alliance Bank Malaysia Bhd’s MSME Business Outlook 2023 report.

KUALA LUMPUR, Feb 10 — Bursa Malaysia ended the morning session higher, with the key index rising by 0.56 per cent, supported by the positive 2022 gross domestic product (GDP) figures, a dealer said.

KUALA LUMPUR, Feb 10 — Malaysia’s headline inflation increased to 3.3 per cent in 2022 compared with 2.5 per cent in 2021, while core inflation averaged higher at 3 per cent from 0.7 per cent in 2021, Bank Negara Malaysia (BNM) said.

KUALA LUMPUR, Feb 10 — The proposed new operating agreement (OA 2023) between the government and Malaysia Airports Holdings Bhd (MAHB) is seen as positive for the airport operator’s development as it offers remuneration for capital expenditure (capex) spent and part-fund its capex via the Airport Development Fund (ADF).

KUALA LUMPUR, Feb 10 — Malaysia’s economic growth rose to a 22-year record high of 8.7 per cent in 2022 against 3.1 per cent in the previous year, contributed by positive growth in all sectors, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Feb 10 — Malaysia's economy in the fourth quarter grew 7 per cent from a year earlier on continued expansion in domestic demand and resilient demand in electrical and electronics goods, Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus said today.

KUALA LUMPUR, Feb 10 — The ringgit extended yesterday’s weaker performance to trade slightly lower against the US dollar in the early session today, as more investors shifted towards the safe haven currencies on United States’ (US) commitment to lowering inflation by any means necessary, an analyst said.

KUALA LUMPUR, Feb 9 — The ringgit reversed yesterday’s gains to close slightly lower against the US dollar today, on better demand for the greenback as United States (US) rate cut expectations fade while the faltering China reopening risk rally continues to stymie Asian foreign exchange, an analyst said.

KUALA LUMPUR, Feb 9 — Malaysia’s labour market recovery continued as the unemployment rate was maintained at 3.6 per cent in Dec 2022, MIDF Research said.

JOHOR BAHRU, Feb 9 — A mechanism to deal with the cost of living for all segments of society is among the key components proposed by the Ministry of Domestic Trade and Cost of Living (KPDN) for Budget 2023.

KUALA LUMPUR, Feb 9 — The Malaysian Investment Development Authority (Mida) is on track to achieve its RM70 billion target for digital-related investments, in line with the Malaysia Digital Blueprint’s (MyDIGITAL) strategies.

KUALA LUMPUR, Feb 9 — Bank Negara Malaysia’s (BNM) international reserves rose to US$115.2 billion (RM496.5 billion) as of January 31, 2023, from US$114.9 billion (RM495.2 billion) recorded on Jan 13, 2023.