KUALA LUMPUR, Jan 10 — Bursa Malaysia retreated from yesterday’s gains to open lower on Tuesday amid mixed sentiments on Wall Street overnight following the United States (US) Federal Reserve’s projection that interest rates may exceed five per cent this year, a dealer said.

KUALA LUMPUR, Jan 10 — 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 10 — The ringgit opened firmer versus the US dollar on improved demand for the local note backed by solid economic data that show a good recovery from the Covid-19 crisis, including a falling unemployment rate in recent months, said ActivTrades.

KUALA LUMPUR, Jan 9 — The global air cargo market softened in November 2022 as a result of economic headwinds with global demand measured in cargo tonne-kilometres falling 13.7 per cent compared with November 2021 despite November being the traditional peak season, the International Air Transport (IATA) said.

KUALA LUMPUR, Jan 9 — The ringgit rebounded to close higher against the US dollar on Monday following optimism about China’s economic reopening, said an analyst.

KUALA LUMPUR, Jan 9 — Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

KUALA LUMPUR, Jan 9 — The economic growth outlook for Asia Pacific (Apac) in 2023 is expected to be robust despite global risks, said Moody’s Investors Service.

KUALA LUMPUR, Jan 9 — It was a shortened trading week of four days on Bursa Malaysia last week due to the New Year’s Day replacement holiday on Monday.

KUALA LUMPUR, Jan 9 — Bursa Malaysia opened higher on Monday, with the FTSE Bursa Malaysia KLCI (FBM KLCI) rising 0.31 per cent to 1,485.14 points on renewed buying interest, lifted mainly by gains in transportation and logistics stocks, said a dealer.

KUALA LUMPUR, Jan 9 — The ringgit traded broadly higher against the US dollar today at the opening today as weaker US economic data released last Friday triggered a significant decrease in US Treasury yields, said an analyst.

KUALA LUMPUR, Jan 8 — Malaysia-Indonesia’s total trade for 2022 is likely to exceed 30 per cent year-on-year (y-o-y) growth compared with 2021 as both countries fully reopened their borders in 2022, facilitating better bilateral flow of goods and services, according to the Ministry of International Trade and Industry (Miti).

PUTRAJAYA, Jan 7 — The Ministry of Domestic Trade and Cost of Living (KPDN) has set a target for the country’s franchise industry to grow between 20 and 30 per cent this year, driven by the encouraging prospects of the sector despite the current economic challenges.

KUALA LUMPUR, Jan 7 — The ringgit is likely to remain within a tight range against the US dollar next week on mixed market sentiments, an analyst said.

KUALA LUMPUR, Jan 5 — The ringgit ended lower against the US dollar today as the greenback strengthened on the back of positive US economic data.

KUALA LUMPUR, Jan 6 — Top Glove Corporation Bhd has appointed Chong Su-Lin and Rowina Ghazali Seth as its independent directors effective today.

KUALA LUMPUR, Jan 6 —The ringgit opened lower against the US dollar on Friday on better demand for the greenback as the United States (US) job data came in better than expected, prompting concerns that the US Federal Reserves (Fed) will continue to hike rates to combat inflation, dealers said.

KUALA LUMPUR, Jan 5 — The ringgit extended its upbeat momentum to end higher against the US dollar today amid improving risk appetite as seen on the local equities market as China’s reopening moves full throttle, a dealer said.

KUALA LUMPUR, Jan 5 — Maybank Investment Bank Bhd (Maybank IB) is projecting the ringgit to end 2023 stronger at 4.05 against the US dollar from the current 4.4-level as sentiment leans towards the upside with the greenback taking a breather from its 2022 rally.

KUALA LUMPUR, Jan 5 — The Federation of Malaysian Manufacturers (FMM) has called on the government to reintroduce the Goods and Services Tax (GST) in the upcoming Budget 2023.

KUALA LUMPUR, Jan 5 — Malaysia's palm oil inventories in end-December likely shrank to the lowest in four months as production and exports slowed, a Reuters survey showed on Thursday.