KUALA LUMPUR, Dec 13 — The ringgit slipped further against the US dollar at the open today as lingering uncertainty weighed on the market, with investors split on what the US Federal Reserve’s (Fed) next monetary policy moves would be, said a dealer.

KUALA LUMPUR, Dec 12 — The ringgit closed lower against the US dollar today as the greenback strengthened ahead of interest rate decisions from multiple central banks.

KUALA LUMPUR, Dec 12 — MIDF Research maintained its growth forecast for Malaysia’s Industrial Production Index (IPI) at six per cent for 2022, after the country’s IPI growth softened to 4.6 per cent year-on-year in October 2022, the slowest growth since May 2022.

KUALA LUMPUR, Dec 12 — Malaysia’s Industrial Production Index (IPI) grew by 4.6 per cent in October 2022, supported by expansion in the mining and manufacturing sectors, said the Statistics Department (DOSM) following the release of its October publication which presents IPI statistics on mining, manufacturing and electricity.

KUALA LUMPUR, Dec 12 — The manufacturing sector recorded RM158.9 billion in sales in October 2022, an increase of 12.9 per cent year-on-year, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Dec 12 — Foreign investors remained net sellers for the fourth consecutive week as they disposed of RM731.8 million worth of stocks on Bursa Malaysia, more than double the amount net sold in the previous week (RM301.2 million), according to MIDF Research.

KUALA LUMPUR, Dec 12 — The ringgit opened flat against the US dollar today, dampened by external factors as markets are hedging for a hawkish United States (US) Federal Reserve (Fed) meeting outcome due to sticky inflation.

KUALA LUMPUR, Dec 11 — Finally, a clear sky for Malaysia’s aviation industry in 2022, as the long-awaited post-pandemic recovery is gradually kicking in with industry players busy ramping up their activities to match the pre-pandemic level.

KUALA LUMPUR, Dec 10 — Bursa Malaysia is likely to trend higher next week, with the key index to hover in the 1,470-1,500 range next week, said an analyst.

KUALA LUMPUR, Dec 10 — The ringgit is expected to trade range-bound next week as investors remained cautious ahead of the United States Federal Open Market Committee (FOMC) meeting, said an analyst.

KUALA LUMPUR, Dec 9 — The ringgit ended the final day of the trading week lower, once again touching the 4.40 mark against the US dollar due to worries about the global economic outlook and murky outlook on China’s economy, said an analyst.

KUALA LUMPUR, Dec 9 — The ringgit opened slightly higher against the US dollar today as the greenback retreated amidst risk-on mode, which saw United States (US) equities improving despite the absence of a fresh catalyst.

KUALA LUMPUR, Dec 8 — The ringgit continued to close marginally lower against the US dollar for the second consecutive day.

KUALA LUMPUR, Dec 8 — The European Union (EU) wants to continue to work closely with Asean in further advancing economic prosperity, peace and security in the Indo Pacific region.

KUALA LUMPUR, Dec 8 — The ringgit opened higher against the US dollar today as the upside in the greenback seemed to be capped amidst improving risk appetites among market participants, an analyst said.

KUALA LUMPUR, Dec 8 — Malaysia remains the preferred investment destination among Chinese investors in the digital economy area despite global macroeconomic turmoils, said Malaysia Digital Economy Corporation (MDEC) chief digital investment officer Raymond Siva.

KUALA LUMPUR, Dec 7 — The ringgit ended marginally lower against the US dollar today as the recent run of macro data points in the United States continues to underscore relatively solid economic trends, said an analyst.

KUALA LUMPUR, Dec 7 — MIDF Research expects the equity market to rebound next year, with the FBM KLCI to reach 1,700 points, at an implied price-earning ratio 2023 (PER23) of 15 times.

KUALA LUMPUR, Dec 7 — MIDF Research said it is cautiously optimistic that Malaysia’s economy will remain resilient amid the various headwinds expected next year and able to climb the “wall of worry” in 2023 with the support of robust domestic demand.

KUALA LUMPUR, Dec 7 — The ringgit opened flat against the US dollar today as the greenback continued to strengthen with the emergence of risk-averse sentiments which saw United States (US) stocks being sold off overnight, an analyst said.