KUALA LUMPUR, July 6 — The retail price of RON97 petrol will drop by four sen to RM4.80 per litre for the week beginning tomorrow until July 13, while the prices for RON95 petrol and diesel remain unchanged.

KUALA LUMPUR, July 6 — Malayan Banking Bhd (Maybank) will revise upwards its Base Rate (BR) and Base Lending Rate (BLR) by 25 basis points effective July 8 following the announcement today on the Overnight Policy Rate (OPR) increase.

KUALA LUMPUR, July 6 — Bank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points to 2.25 per cent during its fourth Monetary Policy Committee (MPC) meeting this year.

KUALA LUMPUR, July 6 — Malaysia is looking forward to new and expanding investments from Italy, with a particular focus on new potential areas of growth such as machinery, automation, aerospace, green technology, food production, biotechnology, pharmaceuticals and other high technology industries, as well as digital investments.

HANOI, July 6 — The Asean+3 Macroeconomic Research Office (AMRO) forecast a 4.3 per cent growth for the Asean+3 (Association of Southeast Asian Nations plus China, Japan, and South Korea) region this year, slightly lower than its previous forecast.

KUALA LUMPUR, July 6 — A green recovery from the Covid-19 pandemic in Southeast Asia has the potential to create US$172 billion (RM760.2 billion) in investment opportunities annually and generate more than 30 million jobs by 2030, according to the Asian Development Bank (ADB).

KUALA LUMPUR, July 6 — The ringgit opened lower against the US dollar today as the greenback continued to strengthen its appeal as a safe-haven currency amidst the risk-off sentiment surrounding the market, analysts said.

BACHOK, July 5 — The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) together with all enforcement agencies will coordinate actions to curb cooking oil subsidy leakage.

KUALA LUMPUR, July 5 — The ringgit ended lower against the US dollar today as the greenback continued to strengthen ahead of the US jobs data to be released later this week, which are expected to remain strong, said an analyst.

KUALA LUMPUR, July 5 — Malaysia's palm oil inventories at end-June likely climbed to their highest levels in seven months, as exports plunged following top producer Indonesia's return to the export market, a Reuters survey showed on Tuesday.

KUALA LUMPUR, July 5 — The ringgit is expected to fare better in the fourth quarter (Q4) of the year due to improving growth in China as well as in anticipation of a pause in the United States Federal Reserve’s rate hike and strong recovery of the Malaysian economy.

KUALA LUMPUR, July 5 — The ringgit opened lower against the US dollar today as traders remained cautious ahead of Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) two-day meeting which starts today, analysts said.

KUALA LUMPUR, July 4 — The ringgit reversed last Friday’s gains to close lower against the US dollar on Monday amid cautious sentiment ahead of Bank Negara Malaysia’s (BNM) interest rate decision later this week.

KUALA LUMPUR, July 4 — The Department of Statistics Malaysia (DoSM) reported that Malaysia’s terms of trade expanded by 1.0 per cent month-on-month to 112.0 points in May 2022, boosted by rising export prices.

KUALA LUMPUR, July 4 — The foreign fund outflow on Bursa Malaysia accelerated last week as foreign investors disposed of RM320.3 million worth of Malaysian equities, compared to net sales of RM61.5 million in the preceding week, marking the fourth consecutive week of outflows.

KUALA LUMPUR, July 4 — Bank Negara Malaysia (BNM) is expected to lift its Overnight Policy Rate (OPR) by 25 basis points (bps) to 2.25 per cent at its fourth Monetary Policy Meeting (MPC) of the year scheduled for this week, according to Moody’s Analytics.

KUALA LUMPUR, July 4 — The ringgit opened flat today against the US dollar ahead of the Bank Negara Malaysia (BNM) Monetary Policy Committee (MPC) meeting scheduled this week although demand for the greenback remained strong due to its safe-haven status, an analyst said.

KUALA LUMPUR, July 2 — The ringgit is likely to trade around the current level of between 4.40 and 4.41 versus the US dollar next week, with all eyes on Bank Negara Malaysia’s (BNM) Monetary Policy Committee meeting on July 6.

KUALA LUMPUR, July 1 — MIDF Research has reduced its FBM KLCI end-2022 target to 1,600 points from 1,680 points previously.

KUALA LUMPUR, July 1 — The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) registered 50.4 in June, up from 50.1 in May, signalling a slightly stronger, yet still modest, improvement in the manufacturing sector.