KUALA LUMPUR, Feb 7 — The services producer price index (SPPI) increased 3.3 per cent in the fourth quarter (4Q) of 2022 compared to 110.7 in the same quarter of the preceding year, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Feb 7 — The ringgit extended last week’s losses to trade lower against the US dollar in the early session today as investors were cautious on the global economic development, according to an analyst.

GEORGE TOWN, Feb 5 — Malaysia is confident of achieving positive growth and avoiding a recession this year despite having to navigate through global headwinds.

LONDON, Feb 4 — Major central bank interest rates moves were off to a tepid start in January with a single hike by Canada but the pace will speed up again in February with policy makers in the US, Britain and the euro zone out of the starting blocks already.

KUALA LUMPUR, Feb 4 — Bursa Malaysia is expected to be muted in the upcoming holiday-shortened trading week as investor sentiment is likely to remain soft for the time being due to external factors, although bargain hunting may prevail given the attractive valuations.

KUALA LUMPUR, Feb 4 — Short-term rates are likely to remain stable next week on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity in the financial system.

KUALA LUMPUR, Feb 4 — The ringgit is likely to trade at the 4.25 level against the US dollar next week on the back of optimism about China’s economic rebound.

KUALA LUMPUR, Feb 3 — The ringgit ended lower against the US dollar at the end of the trading week as investors’ gaze fixed on the release of US non-farm payrolls later today.

KUALA LUMPUR, Feb 3 — The government’s current fiscal consolidation plan should include raising revenue collection as Malaysia's revenue is expected to decline further from 15 per cent of gross domestic product (GDP) in 2023 to an average of 14.7 per cent in the medium term, the World Bank said.

KUALA LUMPUR, Feb 3 — Malaysia’s Budget 2023, scheduled to be re-tabled on February 24, is expected to be based on the current global and domestic state of affairs.

KUALA LUMPUR, Feb 3 — Malaysia’s headline consumer price inflation is expected to moderate to between 2.5 and 3.0 per cent in 2023, compared to 3.3 per cent estimated for 2022, mainly driven by the easing of global supply constraints and stabilising of commodity prices.

KUALA LUMPUR, Feb 3 — Sime Darby Plantation Bhd (SDP) expects to resume its exports of palm oil to the United States (US), following the US Customs and Border Protection’s (CBP) finding that its products were no longer being produced through the use of forced labour.

KUALA LUMPUR, Feb 3 — Malaysia’s economy is projected to grow at a more moderate pace of 4.0 per cent this year, with domestic private sector spending is expected to be the main driver of growth amid an expected slowdown in external demand.

KUALA LUMPUR, Feb 3 — Strengthening Malaysia’s skills supply will be key to preparing the services and manufacturing sectors for the Fourth Industrial Revolution (IR4.0), according to the Institute for Democracy and Economic Affairs (Ideas).

KUALA LUMPUR, Feb 3 — The ringgit depreciated as the US dollar regained its strength amidst the European Central Bank (ECB) and Bank of England’s (EoB) dovish tone on inflation.

PUTRAJAYA, Feb 2 — The maximum retail prices for bottled pure cooking oil will remain unchanged for the February 8 to March 7 period, according to the Domestic Trade and Cost of Living Ministry (KPDN).

KUALA LUMPUR, Feb 2 — The ringgit closed higher against the US dollar today as the US Federal Reserve (Fed) increased its interest rates by another quarter-percentage point.

KUALA LUMPUR, Feb 2 — Loan growth in December 2022 recorded an increase of 5.7 per cent year-on-year (y-o-y), slightly higher than the projected 5.0 - 5.5 per cent, said MIDF Research.

KUALA LUMPUR, Feb 2 — MIDF Research (MIDF) has maintained its positive stance on Malaysia’s automotive sector, premised on the expectation that the total industry volume (TIV) will remain elevated, given the large backlog of orders and the still strong new booking momentum.

KUALA LUMPUR, Feb 2 — MIDF Research expects Malaysia’s external trade activities to expand steadily beyond 2023 amid the impacts of new trade agreements, apart from elevated commodity prices and lower monetary rates.