KUALA LUMPUR, Dec 20 — The ringgit ended lower for the fourth straight session against the US dollar today, in line with fresh recession fears following aggressive monetary policy moves by central banks globally.

KUALA LUMPUR, Dec 20 — Petronas said on Tuesday it had won the Agua Marinha exploration block in the Campos Basin during Brazil's bid round.

KUALA LUMPUR, Dec 20 — The ringgit took a breather from yesterday’s rally to open almost flat against the US dollar this morning, with support for the local note remaining positive.

KUALA LUMPUR, Dec 19 —The ringgit failed to sustain earlier gains to end the day in bearish mode against the greenback as the mood turned sour with key US data and inflation figures from major economies back in focus.

KUALA LUMPUR, Dec 19 — MIDF Research predicted exports and imports growth to be robust at 27.1 per cent and 32 per cent respectively this year.

KUALA LUMPUR, Dec 19 — The Malaysian Aviation Commission (Mavcom) anticipates air passenger traffic in 2023 to grow between 40 per cent and 52 per cent year on year (y-o-y), translating to between 74.6 million and 80.8 million passengers.

KUALA LUMPUR, Dec 19 — Malaysia’s trade continued its stellar performance and maintained an upward trajectory in November 2022 with trade expanded by 15.6 per cent to RM238.17 billion compared to November 2021 -- the 22nd consecutive month of year-on-year (y-o-y) double-digit expansion.

SEOUL, Dec 19 — South Korea on Monday flagged a deeper economic slowdown than expected at least through the first half of next year, and extended sales tax breaks on some fuel oil products and passenger cars by a few months.

BEIJING, Dec 19 — China's business confidence fell to its lowest since January 2013, a survey by World Economics showed on Monday, reflecting the impact of surging Covid-19 cases on economic activity with the abrupt lifting of many pandemic control measures.

KUALA LUMPUR, Dec 19 — CGS-CIMB Research (CGS-CIMB) predicts that 2023 could remain challenging as corporates adapt to the new policy and political landscape post-15th General Election (GE15).

KUALA LUMPUR, Dec 19 — Aerodyne Group (Aerodyne), the world’s leading DT3 (Drone Technology, Data Technology, and Digital Transformation) company has inked an agreement to acquire a controlling interest in Grupo DR1.

KUALA LUMPUR, Dec 19 — The ringgit opened higher against the US dollar on Monday, boosted by higher oil prices as the greenback retreated, an analyst said.

KUALA LUMPUR, Dec 18 — The increase in electricity tariff surcharge by more than 44 per cent for medium voltage (MV) and high voltage (HV) users will pose major concerns and challenges to this category of users for the next six months, said the Federation of Malaysian Manufacturers (FMM).

KUALA LUMPUR, Dec 17 — Bullish expectations for the ringgit would be put on hold next week, with the currency’s movement leaning towards the downside at between 4.42 and 4.44 against the US dollar next week, said an analyst.

KUALA LUMPUR, Dec 16 — Fitch Ratings has affirmed Malaysian Reinsurance Bhd’s (Malaysian Re) insurer financial strength (IFS) rating of ‘A’ (Strong) with a stable outlook.

KUALA LUMPUR, Dec 16 — The ringgit ended the week on a lower note against the US dollar today amid a hawkish outlook by both the United States Federal Reserve (Fed) and European Central Bank (ECB).

KUALA LUMPUR, Dec 16 — The Ministry of International Trade and Industry (MITI) is aiming to maintain synergy and momentum with business communities, particularly in responding to and preparing for economic challenges.

KUALA LUMPUR, Dec 16 — Hong Leong Investment Bank Bhd Research (HLIB Research) projects Malaysia’s gross domestic product (GDP) growth to moderate to 4.0 per cent year-on-year (y-o-y) in 2023 as the base effects and initial boost from pent-up demand wane.

KUALA LUMPUR, Dec 16 — Hong Leong Investment Bank (HLIB) expects the development expenditure (DE) to be scaled down from RM95 billion under the previous 2023 Budget to RM85 billion as Prime Minister Datuk Seri Anwar Ibrahim has signalled for more transparency and lower leakages.

KUALA LUMPUR, Dec 16 — Hong Leong Investment Bank Bhd (HLIB) opines that the worst could be over for the ringgit and expects an appreciation bias for the local currency averaging at RM4.34 against the US dollar in 2023 compared to about RM4.40 currently.