KUALA LUMPUR, Aug 8 — Bank Negara Malaysia (BNM) is likely to maintain its hawkish stance in September and increase the overnight policy rate (OPR) for the third consecutive time this year, according to Kenanga Research (Kenanga).

KUALA LUMPUR, Aug 8 — The ringgit opened lower versus the US dollar on Monday as the greenback continued to strengthen its appeal as a safe-haven currency amidst the risk-off sentiment in the market, analysts said.

KUALA LUMPUR, Aug 7 — The move to regulate the Buy Now, Pay Later (BNPL) facility is timely and among the issues that need to be addressed is the amount of credit an individual can take, said economic expert Professor Datuk Dr Shazali Abu Mansor.

KUALA LUMPUR, Aug 6 — Malaysia is on the road to recovery in terms of headline economic numbers, but Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has warned of risks to the recovery amid an uncertain global economic outlook.

KUALA LUMPUR, Aug 6 — The ringgit is expected to trade in a tight range against the US dollar next week as investors continue to monitor various global economic data to chart the market direction, said an analyst.

KUALA LUMPUR, Aug 5 — The ringgit ended higher against the US dollar today as the overnight greenback retreated slightly amid waning positive impacts of Federal Reserve hawkish comments and as investors waited for more signs on the data front, dealers said.

KUALA LUMPUR, Aug 5 — Bank Negara Malaysia’s (BNM) international reserves expanded to US$109.2 billion as of July 29, 2022, up from US$107 billion recorded as of July 15, 2022.

JAKARTA, Aug 5 — Indonesia's economic growth accelerated in the April-June quarter amid an export boom driven by rising commodity prices, official data showed on Friday, but monetary tightening, rising inflation and a global recession risk threaten the outlook.

KUALA LUMPUR, Aug 5 — The ringgit opened slightly higher against the US dollar this morning as the greenback weakened despite positive United States (US) Initial Jobless Claims data released yesterday.

KUALA LUMPUR, Aug 5 — The Buy-Now-Pay-Later (BNPL) services have emerged as an appealing payment and funding solution for many amid its exponential growth, which makes it vital for it to be regulated for the betterment of consumers, lenders as well as avoid any potential risk to the financial system, said experts.

KUALA LUMPUR, Aug 4 — The ringgit weakened further against the US dollar today as the greenback remained firm on the expectation of a more aggressive United States (US) rate hike in the coming months following the Federal Reserve (Fed) officials' hawkish statements.

KUALA LUMPUR, Aug 4 — Malaysia has maintained its seventh position in the Digital Agility Index 2022 across the Asia Pacific (APAC), according to a study commissioned by Workday, a global leader in enterprise cloud applications for finance and human resources.

KUALA LUMPUR, Aug 4 — Efforts to promote a trusted and confidence-inducing consumer credit ecosystem are underway through the consolidation of the credit industry regulatory framework via the enactment of the Consumer Credit Act (CCA).

KUALA LUMPUR, Aug 4 — The ringgit opened slightly higher against the US dollar this morning after the greenback weakened due to the rising tension between the United States (US) and China.

KUALA LUMPUR, Aug 3 — The ringgit continues its slide against the US dollar today as investors opted for the safe haven currency amid concerns over the US - China geopolitical tension.

KUALA LUMPUR, Aug 3 — The retail price of RON97 petrol will drop by five sen from RM4.55 to RM4.50 per litre while those of RON95 and diesel will remain unchanged for the week from August 4 to August 10.

KUALA LUMPUR, Aug 3 — The ringgit opened slightly lower against the US dollar this morning as investors continue to seek shelter with the safe-haven currency following rising geopolitical risks.

KUALA LUMPUR, Aug 2 — The ringgit ended lower against the US dollar today as the greenback continued to appeal as a safe-haven currency amid the pick-up in risk aversion mood among market participants.

KUALA LUMPUR, Aug 2 — The ringgit opened slightly higher against the US dollar this morning after the greenback weakened due to the lower United States (US) ISM Manufacturing Purchasing Managers Index (PMI) data.

KUALA LUMPUR, Aug 1 — The ringgit ended lower against the US dollar today as the US Dollar Index (DXY) paused its three-day downtrend around the monthly low.