KUALA LUMPUR, July 19 — The overall inflationary pressure in Malaysia will remain stable particularly with the receding global commodity prices, says MIDF Research.

KUALA LUMPUR, July 19 — The ringgit was lower in early trade today, taking a cue from the deteriorating global sentiment amid the recession risk in the United States and the energy crisis in Europe.

KUALA LUMPUR, July 18 — The ringgit closed lower against the US dollar today as the greenback benefitted from expectations that the US Federal Reserve might raise interest rates by 0.75 percentage point at its July 26 - July 27 Federal Open Market Committee (FOMC) meeting than a full percentage point, said an analyst.

KUALA LUMPUR, July 18 — The ringgit bounced back to open marginally higher against the US dollar today, as more investors weighed on a possible interest rate hike by the Federal Open Market Committee next week, a dealer said.

KUALA LUMPUR, July 16 — The ringgit is likely to continue its losing streak against the US dollar next week, as the greenback is expected to stay dominant amid mounting inflation jitters.

KUALA LUMPUR, July 15 — The ringgit continued to close at its lowest level in more than two years against the US dollar today, pressured by China’s weak second-quarter (Q2) economic data.

KUALA LUMPUR, July 15 — The ringgit extended yesterday’s losses to open marginally lower against the US dollar today as more investors shifted towards safe havens due to the cautious global economic outlook, dealers said.

KUALA LUMPUR, July 14 — The ringgit ended at its lowest since March 2020 on the US dollar’s strength amid fresh recession worries after the world's largest economy reported inflation hitting a 40-year high in June.

KUALA LUMPUR, July 14 — It is critical for a small and highly open economy such as Malaysia to have an efficient cross-border payment service to support trade and commerce with its neighbouring countries as well as all countries worldwide.

KUALA LUMPUR, July 14 — Inflation in developing economies, including Malaysia and Indonesia, is likely to return to more normal readings at a pace akin to those of developed economies.

KUALA LUMPUR, July 14 — The ringgit extended yesterday’s gains to open slightly higher against the US dollar today on continued buying interest, despite a bearish outlook for emerging currencies, including the ringgit, dealers said.

PUTRAJAYA, July 13 — Strict action including suspending or revoking operating licences will be imposed on subsidised cooking oil packaging manufacturers found to be smuggling the supplies to neighbouring countries.

KUALA LUMPUR, July 13 — The ringgit ended higher against the US dollar today after the greenback briefly slipped ahead of the release of the closely-watched US Consumer Price Index (CPI) data today.

KUALA LUMPUR, July 13 — The retail price of RON97 will drop by five sen from RM4.80 to RM4.75 per litre, while those of RON95 petrol and diesel will remain unchanged for the week from July 14 to 20.

KUALA LUMPUR, July 13 — RAM Ratings has revised Malaysia’s full-year inflation forecast for 2022 to 3.0 per cent, from 2.5 per cent initially (2021: 2.5 per cent).

KUALA LUMPUR, July 13 — Crude palm oil (CPO) prices are expected to average RM5,300 per tonne in the second half (H2) of 2022, lower than in the first half due to expectations of higher global vegetable oil supply, higher CPO production especially in the third quarter, as well as lower palm oil exports, says the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR, July 13 — The ringgit rebounded from yesterday's losses to open marginally higher against the US dollar today, as slightly cheaper prices prompted some investors to return to the emerging currencies, dealers said.

KUALA LUMPUR, July 12 — The ringgit ended weaker against the US dollar on Tuesday following stronger-than-expected US monthly jobs data for June.

KUALA LUMPUR, July 12 — Malaysia's palm oil stocks in end-June rose to their highest in seven months as its exports were throttled by rival Indonesia's policies to boost its own shipments, industry regulator data showed on Tuesday.

KUALA LUMPUR, July 12 — Bank Negara Malaysia (BNM) is expected to increase the Overnight Policy Rate (OPR) by another 25 basis points this year, likely in the next Monetary Policy Committee (MPC) meeting on September 8, said OCBC Bank.