KUALA LUMPUR, Oct 4 — The ringgit opened barely changed against the US dollar on the expectation that the US Federal Reserve (Fed) will continue its tight monetary policy going forward.

KUALA LUMPUR, Oct 3 — The ringgit ended lower against the US dollar today despite higher oil prices, said an analyst.

KUALA LUMPUR, Oct 3 — The price of five kg bottled pure cooking oil will drop by RM2 to RM31.50 from RM33.50 previously, effective October 8 until November 7.

KUALA LUMPUR, Oct 3 — The Malaysian economy is not in a crisis and its growth trajectory remains positive, but the country needs to reform to become an innovation-based economy, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Oct 3 — The ringgit’s performance against the United States (US) dollar alone is not a reflection of the state of the economy and is only one indicator among many, Bank Negara Malaysia’s (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus said.

KUALA LUMPUR, Oct 3 — There is no need to hoard or frontload US dollar purchases as while the current depreciation of the ringgit is due to the strength of the US dollar, corporate Malaysia can help in maintaining orderly market conditions by taking actions which do not exacerbate the situation, said Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, Oct 3 — The weakening ringgit, which is at its lowest since 1998, was not a reflection of the state of the Malaysian economy, Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus said on Monday.

KUALA LUMPUR, Oct 3 — Malaysian manufacturers successfully hired additional staff at the end of the third quarter (Q3) of this year, resulting in the first expansion of workforce numbers in 10 months, according to the latest S&P Global Malaysia Manufacturing purchasing managers’ index (PMI) survey.

KUALA LUMPUR, Oct 1 — The ringgit is likely to trend higher next week, trading between 4.59 and 4.62 against the US dollar, on improved market sentiments, an analyst said.

KUALA LUMPUR, Sept 30 — Amanah Saham Nasional Bhd (ASNB), the wholly-owned unit trust company of Permodalan Nasional Berhad (PNB), announced an income distribution of 3.75 sen per unit for its fixed price fund, Amanah Saham Malaysia 3 (ASM 3), for the financial year ending September 30, 2022.

KUALA LUMPUR, Sept 30 — The ringgit ended the month of September slightly higher, rebounding from its recent downtrend amid mixed sentiments in the market, an analyst said.

KUALA LUMPUR, Sept 30 — Headline inflation has increased to 4.7 per cent in August 2022 from 4.4 per cent in July, in line with market expectations, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Sept 30 — Malaysia’s official reserve assets amounted to US$108.24 billion (RM501.1 billion) as of end-August 2022, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.

KUALA LUMPUR, Sept 30 — The need for the construction sector to move along with technological development while preserving the environment is crucial in ensuring that the players in this sector are able to continue to compete in the domestic and international markets.

KUALA LUMPUR, Sept 30 — Gamuda Bhd's shares rose in the early trade today after recording strong earnings for the financial year ended July 31, 2022 (FY2022).

KUALA LUMPUR, Sept 30 — MIDF Research expects price pressures on local producers to ease, given the improving supply chain activities following the decrease in the Baltic Dry Index and the recent correction in commodity prices.

KUALA LUMPUR, Sept 30 — The ringgit opened marginally higher versus the greenback for the second consecutive day amid tepid market sentiment, a dealer said.

KUALA LUMPUR, Sept 29 — The ringgit reversed earlier gains to close lower against the US dollar on Thursday, as market sentiments continued to favour the greenback due to global uncertainties, said an analyst.

KUALA LUMPUR, Sept 29 — Malaysia’s Producer Price Index (PPI) for local production eased further to 6.8 per cent in August compared to 7.6 per cent in the previous month, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Sept 29 — The ringgit reversed five days of losses to open slightly higher against the US dollar today, despite a volatile foreign exchange market caused by the United States’ interest rate hikes and the European energy crisis, a dealer said.