KUALA LUMPUR, Feb 9 — Malaysia’s gross domestic product (GDP) is projected to hit 8.4 per cent in 2022 compared with 3.1 per cent in 2021, marking the highest growth among the Asean countries, said Bank Islam Malaysia Bhd.

KUALA LUMPUR, Feb 9 — Bursa Malaysia remained lower at mid-morning, weighed down by selling in selected heavyweights, a dealer said.

KUALA LUMPUR, Feb 9 — 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 9 — Bursa Malaysia opened marginally higher on Thursday but retreated within minutes, taking its cue from the weaker Wall Street performance overnight amidst persistent worries over the United States (US) interest rate hikes, a dealer.

KUALA LUMPUR, Feb 9 — The ringgit retreated from its gains yesterday to open lower against the US dollar today as investors returned to safe haven currencies due to renewed concerns over the current uncertainties in market sentiments, an analyst said.

SEOUL, Feb 9 — South Korean lawmakers voted on Wednesday to impeach the interior minister over his responses to a deadly Halloween crush, setting the stage for him to become the first cabinet member ousted by the legislature.

JOHOR BAHRU, Feb 8 — A total of 95 per cent of the 909 complaints received through the Aduan Suri QR code since its launch last month has been resolved, says Deputy Domestic Trade and Cost of Living Minister Senator Fuziah Salleh.

KUALA LUMPUR, Feb 8 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the period from February 9 to February 15.

KUALA LUMPUR, Feb 8 — The ringgit ended slightly higher against the US dollar today on higher oil prices and as more investors shifted their interest towards emerging currencies after less hawkish remarks on interest rates from the US Federal Reserve (Fed) chairman, said an analyst.

KUALA LUMPUR, Feb 8 — CGS-CIMB Securities has projected that any tightening of the statutory reserve requirement (SRR) by Bank Negara Malaysia (BNM) would lower banks' aggregate net profit by 3.2 per cent in 2023.

KUALA LUMPUR, Feb 8 — MIDF Research is optimistic that retail trade growth will average 8.9 per cent this year in view of the macroeconomic outlook and improving domestic fundamentals.

KUALA LUMPUR, Feb 8 — Malaysia’s services sector revenue recorded double-digit growth of 14.9 per cent year-on-year (y-o-y) to RM528.8 billion in the fourth quarter of 2022 (4Q 2022) compared to the corresponding quarter in 2021, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Feb 8 — The Volume Index of Services rose 11.7 per cent year-on-year to 142.6 points in the fourth quarter (4Q) of 2022 versus 127.7 points in the same quarter last year, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Feb 8 — The 2022 overall construction sector posted an 8.8 per cent rebound after a two-year declining trend, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Feb 8 — The volume index of the wholesale and retail trade Malaysia registered a 9.9 per cent growth year-on-year (y-o-y) in the fourth quarter (4Q) of 2022, bringing the overall performance for 2022 to 14.3 per cent, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Feb 8 — The ringgit rebounded to open higher against the US dollar today due to renewed demand as some investors returned to emerging currencies, an analyst said.

KUALA LUMPUR, Feb 7 — The ringgit ended lower against the US dollar today as the United States (US) non-farm payrolls data rattled the Asian foreign exchange, an analyst said.

KUALA LUMPUR, Feb 7 — MIDF Research has maintained Malaysia’s Industrial Production Index (IPI) growth projection at 3.5 per cent this year despite the weaker-than-expected December 2022 IPI growth.

KUALA LUMPUR, Feb 7 — Malaysia’s natural rubber (NR) production rose by 8.9 per cent to 30,556 tonnes in December 2022 from 28,048 tonnes in November 2022, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Feb 7 — The sales value of Malaysia’s manufacturing sector expanded by 8.6 per cent year-on-year in December 2022 to RM156.3 billion while the overall performance reached RM1.8 trillion in 2022, said the Department of Statistics Malaysia (DOSM).