KUALA LUMPUR, Jan 27 — The ringgit ended the week on a positive note to close marginally higher versus the US dollar today supported by rising crude oil prices amid improving global risk sentiment, an analyst said.

KUALA LUMPUR, Jan 27 — Malaysia’s export and import unit value indices showed a decline of 2.8 per cent in December 2022, with exports falling from 148.7 points in November to 144.5 points, while imports fell from 133.2 points to 129.5 points.

KUALA LUMPUR, Jan 27 — 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, Jan 27 — The ringgit retained its upward momentum to open higher against the US dollar on Friday as more investors shifted their interest towards emerging currencies, coupled with higher global oil prices, said an analyst.

KUALA LUMPUR, Jan 26 — The ringgit further strengthened against the US dollar to close higher today as the greenback retreated amid concerns of a softer interest rate hike, an analyst said.

KUALA LUMPUR, Jan 26 — Malaysia maintained its outstanding performance in 2022 in terms of trade, exports, imports and trade surplus, with exports hitting the 12th Malaysia Plan’s (12MP) target three years earlier than forecast, the Malaysia External Trade Development Corporation (Matrade) said.

PUTRAJAYA, Jan 26 — Malaysia will hold a meeting with the Indonesian government to discuss the republic’s intention to have its own crude palm oil (CPO) benchmark price, said Deputy Prime Minister and Minister of Plantation and Commodities Datuk Seri Fadillah Yusof.

KUALA LUMPUR, Jan 26 — Ten Malaysian medical device and pharmaceutical companies will participate in the Arab Health 2023 medical expo in Dubai, United Arab Emirates (UAE), from January 30 to February 2, 2023.

KUALA LUMPUR, Jan 26 — The ringgit opened higher against the greenback for the third consecutive trading day on expectation that the US Federal Reserve’s Open Market Committee (FOMC) would downshift interest rate hikes from 50 basis points (bps) to 25 bps at its meeting next week, said an analyst.

PUTRAJAYA, Jan 25 — The overnight policy rate (OPR) can remain at 2.75 per cent if the country’s inflation rate continues to subside in the coming months, Minister of Economy Rafizi Ramli said.

KUALA LUMPUR, Jan 25 — The ringgit extended its uptrend to end at nearly a nine-month high against the US dollar today on improved buying interest amid encouraging sentiment, an analyst said.

KUALA LUMPUR, Jan 25 — The Malaysian rubber market ended higher today, tracking gains in the Japanese rubber futures markets amid the absence of Chinese traders due to the Chinese New Year holidays, said a dealer.

KUALA LUMPUR, Jan 25 — Malaysia’s automotive total industry volume (TIV) hit a record high of 720,658 units in 2022, breaking the previous record of 666,598 units set in 2015.

KUALA LUMPUR, Jan 25 — The monetary policy has to reflect the state of the economy and not be static while Bank Negara Malaysia’s (BNM) role must be seen as independent to allow some space to intervene when necessary, said an economist.

KUALA LUMPUR, Jan 25 — The ringgit extended its upbeat momentum to open higher versus the US dollar today, supported by renewed buying interest in the currency and improved sentiment on China’s continued opening for international travel, said an analyst.

DAVOS (Switzerland), Jan 21 — After almost a decade since negotiations were officially put on hold, the Ministry of International Trade and Industry (Miti) is currently reassessing the Malaysia-European Union (EU) free trade deal.

KUALA LUMPUR, Jan 21 — China’s continuing reopening narrative and the improved domestic economic sentiment, due to the decision to maintain the overnight policy rate (OPR) at 2.75 per cent, will keep the ringgit supported next week, a dealer said.

KUALA LUMPUR, Jan 20 — Greater openness in government administration is vital to ensure public trust and collaboration towards achieving overall economic growth and well-being, said the Federation of Malaysian Manufacturers (FMM).

DAVOS, Jan 20 — Developing nations and emerging economies are facing the challenges of managing and mitigating risks arising from inflation, higher cost of living, energy crisis, climate change, debt, and geopolitical tensions.

KUALA LUMPUR, Jan 20 — The ringgit finished Friday’s trading session stronger against the US dollar, reflecting Bank Negara Malaysia’s (BNM) pro-growth stance amid investors around the world beginning to seek better returns in riskier assets, giving support for the local currency.