SINGAPORE, Sept 15 — Low-cost airline AirAsia plans to enlarge its Indonesian and Philippines operations beyond their pre-pandemic levels by the first quarter of next year, riding on better tourism and connectivity prospects.

KUALA LUMPUR, Sept 15 — Malaysia Airports Holdings Bhd (MAHB) saw 55 out of 89, or 62 per cent of foreign airlines resuming operations at all five international airports in Malaysia since the reopening of international borders on April 1, 2022.

SINGAPORE, Sept 15 — AirAsia expects its Malaysia-Singapore operation to fully recover by the first quarter of 2023 (Q1 2023), following the resumption of its service in Changi Airport’s state-of-the-art and fully-automated Terminal 4 (T4).

KUALA LUMPUR, Sept 15 — The ringgit stayed above RM4.52 level against the US dollar at the opening today as the greenback continued its relentless rise towards an all-time high in response to the United States’ latest bullish core Producer Price Index (PPI) data.

KUALA LUMPUR, Sept 14 — The Malaysian ringgit ended today at a new 24-year low against the US dollar as the local note continued to be under pressure due to the expectation of a substantial interest rate hike by the US Federal Reserve due to persistently high inflation in the United States.

KUALA LUMPUR, Sept 14 — JP Morgan is optimistic that Malaysia will be able to meet the annual gross domestic product (GDP) growth of 7.7 per cent in 2022, which is likely to be one of the highest in the region.

KAJANG, Sept 14 — The local property market recorded more than 188,000 transactions worth RM84 billion in the first half of this year (1H22) with the residential subsector accounting for more than 60 per cent of the total transactions and almost 54 per cent of the value.

KUALA LUMPUR, Sept 14 — Malaysia’s natural rubber (NR) production increased by 21.2 per cent month-on-month (m-o-m) in July 2022, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Sept 14 — Malaysia is not likely to slip into a recession due to the diversified structure of its economy which is less dependent on commodities, aside from its pragmatic and responsive policies, said Bursa Malaysia chairman Tan Sri Abdul Wahid Omar.

KUALA LUMPUR, Sept 14 — The ringgit will remain under pressure against the US dollar as the rate gap widens, while the United States’ (US) federal funds rate will be higher than the overnight policy rate (OPR) by next week, said Bank Islam Malaysia Bhd chief economist Firdaos Rosli.

KUALA LUMPUR, Sept 14 — The ringgit slipped further to a fresh 24-year low against the US dollar at the opening on Wednesday, in line with lower oil prices as more investors shifted towards safe-haven assets.

KUALA LUMPUR, Sept 13 — The ringgit extended its downtrend against the US dollar amidst concerns about rising inflation and uncertainties surrounding emerging market (EM) economies, said an analyst.

KUALA LUMPUR, Sept 13 — The ringgit slid further against the US dollar at the opening due to increased demand for the greenback as the US Federal Reserve (Fed) reaffirmed its commitment to keep inflation under control, sustaining the expectation of substantial interest rate hikes by the American central bank.

KUALA LUMPUR, Sept 12 — The ringgit closed lower today, once again touching the 4.5 mark against the US dollar due to increased demand for the greenback on the expectation of further interest rate hikes by the US Federal Reserve (US Fed) and as the Chinese yuan weakens, analysts said.

KUALA LUMPUR, Sept 12 — Malaysia’s retail trade is expected to grow by 17.6 per cent this year, supported by improving macro outlook and fundamentals, said MIDF Amanah Investment Bank Bhd Research (MIDF Research).

KUALA LUMPUR, Sept 12 — Malaysia’s wholesale and retail trade value hit RM130.7 billion in July 2022, registering 41 per cent growth year-on-year (y-o-y) due to an increase in the retail trade sub-sector, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Sept 12 — Malaysia's palm oil stocks at the end of August climbed to their highest in 33 months, as output rose with peak production season getting underway, palm oil board data showed on Monday.

KUALA LUMPUR, Sept 12 — The ringgit had eased against the US dollar in the early morning trade today as sentiments continued to favour the greenback.

KUALA LUMPUR, Sept 10 — The ringgit is likely to trade with an upward bias next week against the US dollar as the greenback is retreating in global markets, said an economist.

KUALA LUMPUR, Sept 9 — The ringgit ended higher against the US dollar on Friday as sentiment improved thanks to Malaysia’s manufacturing sales value which grew by 23.8 per cent to RM148.4 billion in July and a stronger Industrial Production Index (IPI) data, said a dealer.