KUALA LUMPUR, July 12 — The ringgit retreated from last week's gain to open marginally lower against the US dollar on Tuesday on lack of buying interest.

KUALA LUMPUR, July 9 — The ringgit is likely to remain in a tight range around the RM4.42 level next week on mixed market sentiments, an analyst said.

KUALA LUMPUR, July 8 — The ringgit rebounded from four straight days of losses to end marginally higher against the US dollar on Friday on renewed buying interest.

KUALA LUMPUR, July 8 — The Industrial Production Index (IPI) increased 4.1 per cent in May 2022 compared to the same month of the previous year, contributed by the manufacturing and electricity sectors, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 8 — Malaysia’s wholesale and retail trade has set a new sales record in May 2022, growing by 19.9 per cent year-on-year (y-o-y) to RM129.8 billion -- the highest sales recorded since 2013, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 8 — The ringgit opened higher against the US dollar today after four consecutive days of declines, tracking the better performance of the equities market amid the risk-on mode, analysts said.

KUALA LUMPUR, July 8 — Malaysia exported 24.9 million tonnes per annum (MTPA) of liquefied natural gas (LNG) in 2021, retaining its previous year’s position as the fifth-largest LNG exporter after Australia, Qatar, the United States and Russia, the Malaysian Gas Association (MGA) said.

KUALA LUMPUR, July 7 — The ringgit continued to depreciate against the US dollar for the fourth consecutive day as the sentiment was weighed down by the stronger greenback and the lack of domestic catalyst to lift the local currency, said an analyst.

KUALA LUMPUR, July 7 — Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the monetary policy is controlled by the Monetary Policy Committee (MPC) under the supervision of Bank Negara Malaysia (BNM) while fiscal policy was under the jurisdiction of the Federal government, and each must act independently.

PUTRAJAYA, July 7 — Small-and-medium-scale chicken breeders are allowed to take advance payments of chicken price subsidy as one of the ways to ensure the supply of chicken in the market remains stable, Tan Sri Annuar Musa announced.

KUALA LUMPUR, July 7 — Malaysia’s unemployment rate is projected to trend lower this year to 3.8 per cent from 4.6 per cent in 2021, underpinned by domestic reopening and strong economic fundamentals.

KUALA LUMPUR, July 7 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$109 billion as of June 30, 2022.

PUTRAJAYA, July 7 — The number of unemployed persons in May this year continued to decline with a reduction of 1.8 per cent to 637,700 persons, from 649,300 people the previous month, according to the Statistics of Labour Force for May 2022 released by the Department of Statistics Malaysia (DOSM) today.

KUALA LUMPUR, July 7 — Alliance Bank Malaysia Bhd will raise its Base Rate, Base Lending Rate and Base Financing Rate by 25 basis points (bps) effective July 13, 2022, following Bank Negara Malaysia’s revision of the Overnight Policy Rate (OPR) on July 6, 2022.

KUALA LUMPUR, July 7 — The unit price index of Building of Cost Material Index (BCI) (without steel bars and with steel bars) for all building categories in Malaysia increased in June 2022 compared with June 2021, said the Department of Statistics Malaysia (DoSM).

KUALA LUMPUR, July 7 — CIMB Bank Bhd and CIMB Islamic Bank Bhd will be increasing their Base Rate and Fixed Deposit / Fixed Return Income Account-i Board Rates by 0.25 per cent, following Bank Negara Malaysia’s (BNM) announcement of a hike in the overnight policy rate (OPR) yesterday.

KUALA LUMPUR, July 7 — Public Bank will revise upwards its Base Rate (BR) and Base Lending Rate (BLR)/Base Financing Rate (BFR) by 25 basis points (bps), or 0.25 per cent, effective July 8.

KUALA LUMPUR, July 7 — Analysts believed Bank Negara Malaysia (BNM) will further normalise its policy rate going forward and gradually raise the Overnight Policy Rate (OPR) to 3.00 per cent by next year.

KUALA LUMPUR, July 7 — The ringgit continues its slide against the US dollar today as the greenback strengthened further, standing out as a safe-haven currency as traders digested the Federal Reserve's (Fed) latest meeting’s minutes on Wednesday.

KUALA LUMPUR, July 6 — The ringgit ended lower against the US dollar for the third consecutive day on the back of a strengthening greenback, said an analyst.