KUALA LUMPUR, Nov 24 — The ringgit climbed 1.8 per cent to its highest in over two months versus the US dollar on Thursday with the appointment of Datuk Seri Anwar Ibrahim as Malaysia’s 10th Prime Minister, thus easing the political uncertainty and the weak US dollar following the Federal Open Market Committee’s (FOMC) minutes.

KUALA LUMPUR, Nov 24 — The ringgit has extended its positive run against the US dollar today, improving further to the 4.55 level on expectations of softer United States (US) inflation and less aggressive US Federal Reserve’s rate hikes, said an analyst.

KUALA LUMPUR, Nov 23 — The Malaysian plastics industry exhibited resilience during the pandemic and has continued on a steady growth path.

KUALA LUMPUR, Nov 23 — The ringgit concluded Wednesday's trading session slightly stronger against the US dollar due to favourable external factors, said a dealer.

KUALA LUMPUR, Nov 23 — RAM Rating Services Bhd (RAM Ratings) expects Malaysia’s gross domestic product (GDP) to remain respectable in 2023 despite a slower growth forecast of 4.3 per cent compared with 8.2 per cent growth projection for 2022.

KUALA LUMPUR, Nov 23 — The ringgit opened marginally higher against the US dollar today, ahead of the United States Federal Open Market Committee (FOMC) minutes to be released later in the day, said an analyst.

KUALA LUMPUR, Nov 22 — The ringgit gained slightly after a Federal Reserve (Fed) committee member was open to the view of slowing the pace of rate hikes, thus causing the US dollar to lose a little of its strength.

KUALA LUMPUR, Nov 22 — The ringgit opened marginally higher against the US dollar on renewed buying interest despite China’s further Covid-19 restrictions as well as uncertainty on the hung Parliament and government formation in Malaysia, said an analyst.

KUALA LUMPUR, Nov 21 — The ringgit stayed in the red territory against the US dollar for the whole day as uncertainty due to the hung Parliament and China’s soaring new Covid-19 cases kept investors demotivated in today's session.

KUALA LUMPUR, Nov 21 — The ringgit slipped further against the US dollar this morning, extending last week’s downtrend, as the first-ever hung parliament outcome in Malaysia from the 15th General Election (GE15) held last Saturday shook investor confidence, an analyst said.

KUALA LUMPUR, Nov 19 — The ringgit is expected to strengthen further against the US dollar next week, depending on the 15th general election (GE15) results which will be announced on Saturday.

KUALA LUMPUR, Nov 18 — Digi.Com Bhd’s (Digi) shareholders have approved the proposed merger of its and Celcom Axiata Bhd’s telecommunication operations at an extraordinary general meeting (EGM) held today.

KUALA LUMPUR, Nov 17 — The ringgit retreated against the US dollar on Thursday on profit-taking ahead of the 15th general election (GE15) this Saturday, with global uncertainties further weighing on sentiment, a dealer said.

KUALA LUMPUR, Nov 17 — Malaysia’s labour productivity expressed as value added per worker jumped 10.1 per cent in the third quarter of 2022 (Q3) versus 5.5 per cent in Q2, which is in line with the strong economic activities which saw gross domestic product (GDP) strengthening by 14.2 per cent, the Statistics Department Malaysia (DOSM) said.

KUALA LUMPUR, Nov 17 — S&P Global Ratings expects the Malaysian banking sector's loan growth to stay at 5 to 6 per cent in 2023 on the back of the country's economic stability which will support the creditworthiness of Malaysian businesses and consumers.

KUALA LUMPUR, Nov 17 — Malaysia’s newest low-cost airline, MYAirline Sdn Bhd, has obtained an air service licence (ASL) from the Malaysian Aviation Commission (Mavcom), which allows the company to operate as a full-fledged airline in the country.

KUALA LUMPUR, Nov 17 — The ringgit eased further against the US dollar this morning, continuing yesterday's retracement as the greenback regained ground on expectation of more Federal Reserve (Fed) interest rate hikes, an analyst said.

KUALA LUMPUR, Nov 16 — The ringgit was little changed against the US dollar at the close today due to the absence of fresh market catalysts.

KUALA LUMPUR, Nov 16 — Bursa Malaysia extended its loss today amid a weaker regional market performance and as cautious investors offloaded shares ahead of the 15th general election (GE15), a dealer said.

KUALA LUMPUR, Nov 16 — The retail prices of RON95, RON97 and diesel will remain unchanged for the period of November 17 to November 23.