KUALA LUMPUR, July 25 — Malaysia’s Gross Fixed Capital Formation (GFCF), the second largest component of gross domestic product (GDP) with a 20.1 per cent share of the total economy, contracted by a marginal 0.9 per cent to RM278.7 billion in 2021 from RM281.2 billion in 2020.

KUALA LUMPUR, July 25 — Malaysia's leading index (LI) rebounded 2.2 per cent year-on-year (y-o-y) to 111.2 points in May 2022, up from a y-o-y contraction of 0.5 per cent in April 2022 (110.8 points), indicating a positive economic outlook in the months to come, says the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 25 -- The ringgit opened on a stronger note against the US dollar today on renewed buying interest, ahead of the United States Federal Reserve’s (Fed) meeting on July 27-28, said an analyst.

KUALA LUMPUR, July 23 — The ringgit is likely to continue its decline against the US dollar next week due to higher inflation, said an analyst.

KUALA LUMPUR, July 22 — The ringgit closed marginally higher against the US dollar today despite Malaysia’s Consumer Price Index (CPI) increasing by 3.4 per cent to 127.4 last month from 123.2 a year earlier, said an analyst.

SIBU, July 22 — The public is urged not to lodge complaints that are too general on supply issues or the price of consumer goods.

KUALA LUMPUR, July 22 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$107.0 billion as of July 15, 2022.

KUALA LUMPUR, July 22 — Adoption of non-cash payments continues with more than half of Malaysians making a recent purchase with a cashless option, led by a further pick-up in e-wallet usage, increasing more than any other non-cash method to 2022 from 2021.

KUALA LUMPUR, July 22 — Malaysia’s Consumer Price Index (CPI) increased by 3.4 per cent year-on-year (y-o-y) to 127.4 in June 2022 from 123.2 in June 2021, surpassing the average inflation in Malaysia for the January 2011-June 2022 period by 1.9 per cent.

KUALA LUMPUR, July 22 — The ringgit strengthened against the US dollar at the opening today as demand for the latter diminished due to rising United States (US) jobless claims, weaker housing sales and slightly lower US bond yields, which ultimately favoured the ringgit.

KUALA LUMPUR, July 21 — The ringgit closed lower against the US dollar today, apparently prompted by a deterioration in European Union (EU) risk after Italian Prime Minister Mario Draghi submitted his resignation, said an analyst.

KUALA LUMPUR, July 21 — The country’s industry players are urged to reduce the price of cooking oil in tandem with the drop in the world’s crude palm oil price from its highest level since two months ago.

KUALA LUMPUR, July 21 — The ringgit extended its decline and opened easier today as the uncertain global markets weighed on investors' risk appetite for risky assets, said a dealer.

KUALA LUMPUR, July 20 — The ringgit closed marginally lower against the US dollar today although Malaysia’s total trade recorded double-digit growth of 43.4 per cent year-on-year (y-o-y) in June 2022 to reach a new high of RM270.4 billion, said an analyst.

KUALA LUMPUR, July 20 — The retail price of RON97 will drop by 10 sen from RM4.75 to RM4.65 per litre, while those of RON95 petrol and diesel will remain unchanged for the week from July 21 to July 27.

KUALA LUMPUR, July 20 — Malaysia’s total trade recorded double-digit growth of 43.4 per cent year-on-year (y-o-y) in June 2022 to reach a new high of RM270.4 billion, according to the Department of Statistics Malaysia.

KUALA LUMPUR, July 20 — The Malaysian government should continue its efforts to revitalise the economy and increase the country’s competitiveness, said the International Institute for Management Development (IMD).

KUALA LUMPUR, July 20 — The ringgit continued yesterday's upbeat momentum to open higher today, responding to the positive news globally, a dealer said.

KUALA LUMPUR, July 19 — The ringgit closed marginally higher against the US dollar today on renewed buying interest amid slightly easing demand for the greenback ahead of the European Central Bank (ECB) meeting on Thursday, said an analyst.

KUALA LUMPUR, July 19 — The government will monitor the development of the palm oil industry after Indonesia announced that it has scrapped its export levy for all palm oil products until August 31, 2022.