KUALA LUMPUR, Sept 9 — MIDF Research continues to see Malaysia’s unemployment rate declining to 3.8 per cent in 2022 from 4.6 per cent in 2021.

KUALA LUMPUR, Sept 9 — The Malaysian labour market continues to strengthen, recording 3.7 per cent in July 2022, nearing pre-pandemic levels according to the publication of the Labour Force Statistics.

KUALA LUMPUR, Sept 9 — The Industrial Production Index (IPI) increased 12.5 per cent in July 2022 compared to a year earlier, marking the second consecutive month of double-digit growth.

KUALA LUMPUR, Sept 9 — Malaysia’s manufacturing sales value in July 2022 grew by 23.8 per cent to RM148.4 billion, driven by among others; the electrical and electronics (E&E) products subsector, petroleum, chemical, rubber and plastics products subsector, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Sept 9 — The ringgit opened marginally higher against the US dollar this morning amid cautious market sentiment due to the development in the United States’ interest rate and global crude oil prices.

KUALA LUMPUR, Sept 8 — The 25 basis points (bps) hike in the overnight policy rate (OPR) announced by Bank Negara Malaysia (BNM) today to 2.50 per cent in its fifth Monetary Policy Committee (MPC) meeting of 2022 is widely expected amid continued improvements in the domestic economy.

KUALA LUMPUR, Sept 8 — Bank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points to 2.50 per cent at its fifth Monetary Policy Committee (MPC) meeting today.

KUALA LUMPUR, Sept 8 — The Building Materials Cost Index (BCI), without steel bars and with steel bars, for all building categories in Malaysia, increased between 0.2 and 22.0 per cent in August 2022 compared to a year ago, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Sept 8 — Malaysia’s franchise industry is expected to see its sales value increase to RM22.66 billion by 2025 from RM14.65 billion in 2020, said Prime Minister Datuk Seri Ismail Sabri Yaakob.

KUALA LUMPUR, Sept 8 — Palm oil planters are letting thousands of tonnes of fruits rot as the third year of a worker shortage has left companies unable to increase their harvesting during the peak production season.

KUALA LUMPUR, Sept 8 — The ringgit rebounded from its loss yesterday to open slightly higher against the US dollar this morning, as cheaper prices due to recent losses prompted investors to return to emerging currencies, including the ringgit.

KUALA LUMPUR, Sept 8 — Data and broadband consumption in the Asia-Pacific (Apac) will thrive, while further consolidation will temper competition over the next few years, propelling revenue at an annual rate of between 4.0 per cent and 4.5 per cent through 2023, according to Moody's Investors Service.

KUALA LUMPUR, Sept 7 — The ringgit ended at the lowest level in 24 years against the US dollar today amid deepening global economic uncertainty and rising US Treasury yields that spurred investors to flock to the greenback, trouncing the world’s currencies in the process, including the ringgit.

KUALA LUMPUR, Sept 7 — The retail price of RON97 petrol will drop by 10 sen from RM4.30 to RM4.20 per litre while those of RON95 and diesel will remain unchanged for the week from September 8 to September 14.

KUALA LUMPUR, Sept 7 — The ringgit opened at its lowest level versus the US dollar since the Asian financial crisis back in 1998, as more investors shifted to safe havens due to the uncertain global economic outlook.

SIBU, Sept 6 — The government has not reached a stage where it would need to reintroduce the goods and services tax (GST), said Deputy Finance Minister I Datuk Mohd Shahar Abdullah.

KUALA LUMPUR, Sept 6 — The Ministry of Finance (MoF) will consider the move to use technology applications to channel subsidies to target groups more efficiently.

KUALA LUMPUR, Sept 6 — The ringgit ended lower against the US dollar for the third consecutive day today, ahead of Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting tomorrow.

KUALA LUMPUR, Sept 6 — Bank Negara Malaysia (BNM) will deliver a third consecutive 25 basis point interest rate hike on Thursday and a fourth in November to quell growing inflationary pressures but will opt to move slowly despite a hawkish US Federal Reserve, a Reuters poll found.

KUALA LUMPUR, Sept 6 — The ringgit rebounded from yesterday's loss to open slightly higher against the US dollar today amid mixed sentiments as traders remained cautious ahead of Bank Negara Malaysia’s (BNM) upcoming two-day monetary policy committee (MPC) meeting starting tomorrow, an analyst said.