KUALA LUMPUR, Aug 16 — The ringgit ended weaker on Tuesday against the US dollar as investors flock to safe-haven assets amid the prevailing interest rate concerns ahead of the release of the Federal Reserve minutes tomorrow.

KUALA LUMPUR, Aug 16 — Weakened trade patterns and persistent inflation will dampen economic growth in the second half of this year, but 2022 will maintain its general pattern of economic recovery and expansion across the Asia Pacific (Apac) region, said Moody’s Analytics today.

KUALA LUMPUR, Aug 16 — Malaysia is actively cooperating with nine countries on the development of the global halal sector, said the Ministry of International Trade and Industry (Miti).

KUALA LUMPUR, Aug 16 — The government is confident Malaysia’s economic recovery is on solid ground and on track to achieve growth of between 5.3 and 6.3 per cent this year.

BANGKOK, Aug 16 — Export and import companies in the region will have another mode of transport option when the tri-country Asean Express freight train between Malaysia, Thailand and Laos starts commercial operations in October.

KUALA LUMPUR, Aug 16 — The ringgit opened lower against the US dollar today as poor Chinese economic data weighed on emerging currencies, including the ringgit, analysts said.

PUTRAJAYA, Aug 15 — The decision to lift the current export ban on chicken and the setting of new ceiling prices for chicken and eggs will only be finalised after the relevant ministries and agencies submit detailed reports on the status of the supply and demand to the Special Task Force on Jihad Against Inflation.

KUALA LUMPUR, Aug 15 — The ringgit ended on a bearish note today amid worries over China’s economic slowdown after it cut interest rates unexpectedly on Monday as the country reported weaker-than-expected industrial production and retail sales figures.

KUALA LUMPUR, Aug 15 — Bursa Malaysia Bhd on Monday said it will launch a voluntary carbon market (VCM) by the year's end, with the aim of increasing transparency and enabling companies to buy carbon credits to offset their emissions.

KUALA LUMPUR, Aug 15 — Malaysia’s semiconductor industry, which takes up 13 per cent of global chip assembly and testing market share, is set to benefit from the United States Chips and Science Act.

KUALA LUMPUR, Aug 15 — The ringgit opened higher against the US dollar on Monday as buying interest for the local note continued, backed by the encouraging economic growth data and the easing sentiment for the US dollar due to the latest inflation data, analysts said.

KUALA LUMPUR, Aug 13 — The ringgit is expected to move in a tight range against the US dollar next week and trade between the 4.44 and 4.46 level, said a dealer.

KUALA LUMPUR, Aug 12 — The ringgit ended higher against the US dollar for the fourth consecutive day on Friday, as sentiment improved thanks to an 8.9 per cent gross domestic product (GDP) growth in the second quarter (Q2 2022), according to a dealer.

KUALA LUMPUR, Aug 12 — The ringgit has remained relatively stable against Malaysia's major trading partners' currencies, despite facing a stronger US dollar environment, said Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, Aug 12 — Core inflation is projected to be closer to the upper end of the 2.0 to 3.0 per cent range in 2022, as demand continues to improve amid the high-cost environment, said Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, Aug 12 — The Malaysian economy is expected to grow between 5.3 per cent and 6.3 per cent in 2022, given its strength in the first half of 2022 which grew by 6.9 per cent, despite the expected slower global economic growth this year, said Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, Aug 12 — The foreign direct investment (FDI) position in Malaysia expanded by RM24.1 billion to record RM836.2 billion, as of the end of the second quarter of 2022 (Q2) compared with RM812.1 billion in the first quarter of this year (Q1).

KUALA LUMPUR, Aug 12 — Malaysia’s current account balance recorded a surplus of RM4.4 billion in the second quarter of 2022 (Q2) versus RM3.0 billion in the previous quarter, primarily driven by the net exports of goods account, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, Aug 12 — Malaysia’s economy posted a sterling growth of 8.9 pct in the second quarter (Q2) of 2022 as domestic demand continued to strengthen, underpinned by the steady recovery in labour market conditions and ongoing policy support.

KUALA LUMPUR, Aug 12 — The ringgit opened easier against the US dollar on Friday due to mixed sentiments and falling crude oil prices, said an analyst.