KUALA LUMPUR, Jan 12 — Standard Chartered Bank said continuing support for the ringgit from high commodity prices is expected and the local unit is likely to trade around RM4.40 against the US dollar this year.

KUALA LUMPUR, Jan 12 — Malaysia on Thursday called on countries producing palm oil to strengthen cooperation following new European Union (EU) legislation aimed at reducing the use of palm oil-based fuels.

KUALA LUMPUR, Jan 12 — Standard Chartered Bank has forecast that Malaysia’s gross domestic product (GDP) growth is likely to ease to 4.0 per cent this year following 2022’s 8.8 per cent estimate.

BANGKOK, Jan 12 — Malaysia’s total trade with Thailand continued its stellar performance and hit RM112.42 billion from January to November last year, an increase of 27.4 per cent for the same period in 2021.

KUALA LUMPUR, Jan 12 — Bursa Malaysia opened higher for the second consecutive day, tracking gains on Wall Street as traders became more confident about inflation cooling down in the United States (US) and the effectiveness of the Federal Reserve’s previous rate hikes, said a dealer.

KUALA LUMPUR, Jan 12 — The ringgit extended its uptrend versus the US dollar by opening higher this morning, as demand for the local note improved after the just-released November 2022 unemployment data painted a positive economic outlook, an analyst said.

KLANG, Jan 11 — All supermarkets nationwide are encouraged to participate in the Rahmah Sales, one of the programmes under the Rahmah Initiative campaign to ease the burden of the costs of living pressures on the people, especially the B40 group.

KUALA LUMPUR, Jan 11 — The ringgit ended higher for three days straight ahead of the highly anticipated United States Consumer Price Index (CPI) print release.

KUALA LUMPUR, Jan 11 — The retail prices of RON97 and RON95 petrol, and diesel will remain unchanged for the period from January 12 to January 18.

KUALA LUMPUR, Jan 11 — Malaysia’s wholesale and retail trade sales grew 15.2 per cent year-on-year (y-o-y) to RM133.9 billion in November 2022, mainly boosted by growth in the retail trade sub-sector, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Jan 11 — The manufacturing sector continued its double-digit growth to record RM159.2 billion in sales in November 2022, an increase of 11.8 per cent year-on-year (y-o-y), the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Jan 11 — Malaysia’s industrial production index (IPI) rose by 4.8 per cent in November 2022 against 4.6 per cent in the previous month, reinforced by expansion in mining, manufacturing and electricity sectors, the Department of Statistics Malaysia (DOSM) said today.

KUALA LUMPUR, Jan 11 — The outlook for the Asia-Pacific (Apac) banking sector is stable, underpinned by relatively stable economic conditions, high loss buffers and improving profitability, said Moody’s Investors Service.

KUALA LUMPUR, Jan 11 — 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 11 — Bursa Malaysia opened higher but turned marginally lower thereafter, taking the cue from the mixed regional market performances amid improved overnight performance on Wall Street, said a dealer.

KUALA LUMPUR, Jan 11 — The ringgit opened marginally higher against the US dollar today as the US Federal Reserve (Fed) stance on its monetary policy signalled renewed buying interest for the greenback, an analyst said.

KUALA LUMPUR, Jan 10 — The ringgit rose marginally against the US dollar at the close after a muted trading session as optimism was dented by hawkish comments from some US Federal Reserve (Fed) officials on the interest rate outlook.

PUTRAJAYA, Jan 10 — The mechanism for controlling the price of goods and setting the ceiling price will be reviewed soon, said Domestic Trade and Cost of Living (KPDN) Minister Datuk Seri Salahuddin Ayub.

KUALA LUMPUR, Jan 10 — Malaysia’s total palm oil stocks fell 4.09 per cent to 2.19 million tonnes in December last year from the 2.29 million tonnes recorded the month before.

KUALA LUMPUR, Jan 10 — MIDF Research has maintained its “positive” view on the construction sector, noting that the cost headwinds remain manageable.