KUALA LUMPUR, Nov 9 — The ringgit opened higher versus the US dollar today as demand for the greenback weakened in thin trading, analysts said.

KUALA LUMPUR, Nov 8 — Malaysia is likely to report a robust gross domestic product (GDP) expansion rate in the third quarter of this year (Q3 2022), buoyed by a strong recovery in the labour market, said MIDF Amanah Investment Bank Bhd.

KUALA LUMPUR, Nov 8 — RHB Investment Bank Bhd (RHB IB) expects Malaysia’s industrial production to ease gradually in the fourth quarter (Q4 2022) before a more significant slowdown in the first half of 2023 (1H23).

KUALA LUMPUR, Nov 8 — The ringgit finished today's trading slightly higher against the US dollar amid a mixed performance in the Asian foreign exchange market.

KUALA LUMPUR, Nov 8 — Malaysia’s manufacturing sales value in September 2022 grew 19.5 per cent to RM161.7 billion from RM135.3 billion in the same month last year.

KUALA LUMPUR, Nov 8 — The value of construction work done in the third quarter (Q3) of 2022 rose 23.2 per cent to RM30.5 billion compared to the same quarter of 2021 (Q2 2022: RM29.9 billion).

KUALA LUMPUR, Nov 8 —The Malaysian Investment Development Authority (Mida) expects the total approved investments in 2022 to recover to the pre-pandemic level of over RM200 billion annually.

KUALA LUMPUR, Nov 8 — Malaysia’s industrial production index (IPI) expanded 10.8 per cent year-on-year (y-o-y) in September 2022 compared with a growth of 13.5 per cent y-o-y in August 2022, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Nov 8 — Enhancing domestic direct investment (DDI) is important for Malaysia’s sustainable growth given its huge contribution to the country’s economy, said the Malaysian Investment Development Authority (Mida).

KUALA LUMPUR, Nov 8 — The ringgit opened higher versus the US dollar today supported by positive sentiment on the possibility of reopening of China's borders and rally of equities, said an analyst.

KUALA LUMPUR, Nov 7 — The ringgit ended Monday's trading session higher against the US dollar amid positive sentiment in global equity markets.

KUALA LUMPUR, Nov 7 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$105.2 billion as of October 31, 2022, up from US$104.5 billion as of October 14, 2022.

KUALA LUMPUR, Nov 7 — Malaysia’s Services Producer Price Index (SPPI) went up three per cent in the third quarter of 2022 (Q3 2022) to 113.8 compared to 110.5 in the same quarter last year, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Nov 7 — The ringgit opened higher against the greenback as the United States (US) reported a higher unemployment rate and lower wage inflation last Friday.

KOTA BHARU, Nov 6 — The current shortage of eggs in the country is caused by smuggling activities to neighbouring Thailand, said Special Task Force on Jihad Against Inflation chairman Tan Sri Annuar Musa.

KUALA LUMPUR, Nov 5 — The ringgit is expected to come under pressure and weaken against the US dollar next week mainly driven by external headwinds and domestic factors, said analysts.

KUALA LUMPUR, Nov 4 — The ringgit ended lower against the US dollar on Friday due to a lack of market catalysts, exacerbated by global market uncertainties, dealers said.

KUALA LUMPUR, Nov 4 — The ringgit opened flat against the US dollar this morning as investors opted for a wait-and-see attitude as the rate hike expectation has been factored in, a dealer said.

KUALA LUMPUR, Nov 3 — The ringgit ended at a fresh all-time low against the US dollar on Thursday due to weak sentiment amid the strengthening greenback, analysts said.

KUALA LUMPUR, Nov 3 — MIDF Research expected Bank Negara Malaysia (BNM) to front-load its monetary bullets by raising the Overnight Policy Rate (OPR) to pre-pandemic levels of 3.00 per cent by January 2023.