KUALA LUMPUR, Nov 15 — The ringgit closed higher against the US dollar today, buoyed by a positive discussion between China's President Xi Jinping and United States (US) President Joe Biden at the G20 Summit.

KUALA LUMPUR, Nov 15 — The ringgit opened marginally higher against the US dollar today with China's reopening theme still resonating in Malaysia's capital markets and triggering some catch-up in other Asia foreign exchange (FX), analysts said.

KUALA LUMPUR, Nov 14 — The ringgit closed higher against the US dollar today following signs that Chinese officials are preparing to unwind the nation’s zero-Covid-19 policy.

KUALA LUMPUR, Nov 14 — Malaysia’s services and manufacturing growth, the big factor behind the country’s strong third quarter (Q3) gross domestic product (GDP) print, are projected to continue their growth into 2023.

KUALA LUMPUR, Nov 14 — Malaysia's palm oil board on Monday warned of a tough 2023 for the market for the world's most consumed edible oil, with the persistence of global uncertainties in weather, geopolitics and economics that have caused wide price swings this year.

KUALA LUMPUR, Nov 14 — The ringgit opened higher against the US dollar today as the greenback continued its easing on the expectation that the US Federal Reserve (Fed) will be less hawkish on its monetary policy after softer inflation data there, analysts said.

KUALA LUMPUR, Nov 12 — The ringgit is expected to trend higher versus the US dollar next week as there is little data to suggest that United States yields could rise much while China’s Covid-19 policy shift is a major driver for the ringgit.

KUALA LUMPUR, Nov 11 — The ringgit finished the week with a rally, surging 1.59 per cent against the greenback as a softer US inflation reading and relaxation of China's Covid-19 curbs bolstered the local currency.

KUALA LUMPUR, Nov 11 — Malaysia's economy grew at its fastest pace in over a year in the third quarter, outpacing the growth rate in many of its Southeast Asian peers, but the central bank said the outlook was clouded by the risk of a global slowdown.

KUALA LUMPUR, Nov 11 — Malaysia's economy grew by 14.2 per cent in the third quarter this year supported by continued expansion in domestic demand, firm recovery in the labour market, robust electrical and electronics (E&E) as well as non-E&E exports and ongoing policy support.

ANKARA, Nov 11 — The biggest and immediate challenge for central banks in both advanced and emerging market economies is to bring inflation down, IMF Managing Director Kristalina Georgieva said on Thursday.

KUALA LUMPUR, Nov 11 — The ringgit opened higher versus the US dollar today on softer demand for the greenback following news that the US Federal Reserve (Fed) is shifting to a slower pace of tightening its interest rates cycle, analysts said.

KUALA LUMPUR, Nov 10 — The ringgit gained 0.96 per cent against the US dollar today on expectations of the dollar liquidation and that the US dollar index has topped for the year, a dealer said.

KUALA LUMPUR, Nov 10 — Malaysia’s natural rubber (NR) production decreased by 5.9 per cent month-on-month (m-o-m) in September 2022 to 35,460 tonnes.

KUALA LUMPUR, Nov 10 — Malaysia’s Gross Domestic Product (GDP) is estimated to expand by 13.5 per cent year-on year (y-o-y) in the third quarter (Q3) of this year, driven by recovery in tourism-related segments as well as the low-base effect, according to stockbroking firm CGS-CIMB.

KUALA LUMPUR, Nov 10 — The ringgit retreated versus the US dollar today on technical correction after three consecutive days of gains amid mixed overnight greenback performance.

KUALA LUMPUR, Nov 9 — The ringgit gained 6.19 per cent against the US dollar today on expectations of the dollar liquidation and that the US dollar index has topped for the year, a dealer said.

KUALA LUMPUR, Nov 9 — A total of 97.8 per cent of the 8.68 million positions in the economic sector have been filled as of the third quarter of this year, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Nov 9 — National automaker Perusahaan Otomobil Nasional Bhd (Proton) is in the midst of strengthening its electric vehicle (EV) capabilities and plans to launch and produce its own EV by 2027, said its deputy chief executive officer Roslan Abdullah.

KUALA LUMPUR, Nov 9 — The volume index of wholesale and retail trade registered a growth of 25.9 per cent to 144.5 points in the third quarter (Q3) of 2022 compared with the same quarter in the previous year, said the Department of Statistics Malaysia (DOSM).