KUALA LUMPUR, Sept 5 — The ringgit closed lower against the US dollar today as traders remained cautious ahead of Bank Negara Malaysia’s (BNM) upcoming two-day monetary policy committee (MPC) meeting on Sept 7 and Sept 8, an analyst said.

KUALA LUMPUR, Sept 5 — The ringgit continued its downward momentum from last week to open marginally lower against the US dollar today as investors reacted to the positive US jobs data released last week, an analyst said.

KUALA LUMPUR, Sept 5 — Bank Negara Malaysia is expected to hike its overnight policy rate by 25 basis points to 2.5 per cent this week, its third consecutive rate hike, aiming to help ease the country’s inflation coupled with a robust economic rebound, says Moody’s Analytics.

KUALA LUMPUR, Sept 3 — The ringgit is likely to trade on a downward bias against the US dollar next week due to the possibility of the United States (US) Federal Reserve (Fed) raising interest rates.

KUCHING, Sept 2 — The implementation of a special petroleum permit under the Control of Supplies Act 1961 is not meant to cause inconvenience to the public but to prevent the abuse of subsidies.

KUALA LUMPUR, Sept 3 — The ringgit continued its downward momentum to close lower against the US dollar today ahead of the release of the US jobs data later in the day.

KUALA LUMPUR, Sept 2 — Malaysia's export and import unit value index grew by 1.6 per cent and 0.3 per cent, respectively, in July 2022, compared to the previous month, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Sept 2 -- The ringgit opened marginally lower against the US dollar on Friday as the greenback had strengthened after the initial United States (US) economic data indicated that its economy is still on the right track amid global uncertainties, an analyst said.

KUALA LUMPUR, Sept 1 — The ringgit reversed its gains to close lower against the US dollar today as oil prices continued to fall and as China expanded its Covid-19 lockdowns, further spurring concerns on how the world’s second-largest economy will be affected by the constant disruptions.

PUTRAJAYA, Sept 1 — The ceiling price of a five kg bottle of cooking oil will be reduced to RM33.50 from RM34.70, from September 8 to October 7, said chairman of the Special Task Force on Jihad against Inflation Tan Sri Annuar Musa.

KUALA LUMPUR, Sept 1 — MIDF Research has upgraded its growth target for Malaysia’s economy to 6.6 per cent from 6.0 per cent estimated earlier, following a stronger-than-expected gross domestic product (GDP) release in the second quarter of 2022 (Q2 2022).

KUALA LUMPUR/SINGAPORE, Aug 31 — Two of Malaysia's largest mobile carriers do not plan to take stakes in a government-owned 5G agency, three people familiar with the matter told Reuters - a setback that threatens to throw the country's 5G rollout into further disarray.

KUALA LUMPUR, Aug 30 — The ringgit strengthened at the close Tuesday as the US dollar lost traction against a basket of major currencies amid concerns over interest rates and the global inflation outlook.

KUALA LUMPUR, Aug 30 — The banking system recorded RM129.6 billion in excess capital buffers as of end-July 2022, said Bank Negara Malaysia (BNM).

LANGKAWI, Aug 30 — The 28th International Input-Output Association (IIOA) Conference greatly benefits the country in the development of a sustainable economy, said the Malaysian Input-Output Economics Association president, associate professor Mohd Yusof Saari.

KUALA LUMPUR, Aug 30 — The Malaysian economy remained intact, shaped by the convincing performance of its gross domestic product (GDP), exports and imports, employment, as well as commodities data, mainly by the crude palm oil sector.

KUALA LUMPUR, Aug 30 — Malaysia’s official reserve assets amounted to US$109.18 billion (US$1=RM4.48) as of end-July 2022, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.

KUALA LUMPUR, Aug 30 — The ringgit rebounded to open marginally higher against the US dollar today on renewed buying interest despite the continuous strengthening of the greenback, said a dealer.

KUALA LUMPUR, Aug 29 — The ceiling price of RM9.40 per kilogramme for local whole fresh chicken will not be raised after August 31 while the three sen subsidy for eggs will remain, said Task Force on Jihad Against Inflation chairman Tan Sri Annuar Musa.

KUALA LUMPUR, Aug 29 — The ringgit fell back to its lowest level since January 2017 against the US dollar as the greenback rallied to hit a 20-year high against major currencies after US Federal Reserve (Fed) Chair Jerome Powell emphasised that higher interest rates will likely continue for some time.