KUALA LUMPUR, June 28 — Malaysia is the world’s fifth fastest-growing real-time payments market, with a compound annual growth rate (CAGR) of 26.9 per cent, according to ACI Worldwide’s third edition of Prime-Time for Real-Time 2022 report.

KUALA LUMPUR, June 28 — Malaysia’s imports of unmilled wheat rose 98.5 per cent year-on-year (y-o-y) in May 2022, recording a value of RM227.5 million with Selangor, Penang and Sabah being the top importers, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, June 28 — Malaysia's Producer Price Index (PPI) local production, which measures the costs of goods at the factory gate, remained high in May with a growth of 11.2 per cent year-on-year (y-o-y) compared with 11.0 per cent y-o-y in April 2022, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 28 — Some palm oil millers have temporarily halted production following a dramatic plunge in prices of the edible oil, a senior official from a miller's association said on Monday.

KUALA LUMPUR, June 28 — The ringgit opened broadly higher against the US dollar this morning as risk appetite for the local currency strengthened following the positive revision of Malaysia’s long-term sovereign credit ratings outlook by S&P Global Ratings (S&P).

KUALA LUMPUR, June 28 — Prime Minister Datuk Seri Ismail Sabri Yaakob yesterday announced an additional allocation of RM100 million for the Informal and Micro Financing Scheme (SPIM) under the National Entrepreneur Group Economic Fund (Tekun).

KUALA LUMPUR, June 27 — The technical committee to tackle food security issues that convened today has considered the proposal to set a new ceiling price for chicken as well as the subsidy rate for poultry farmers.

KUALA LUMPUR, June 27 — The ringgit reversed its earlier gains to close weaker against the US dollar today as the falling crude oil prices continued to weigh on sentiments, said an analyst.

KUALA LUMPUR, June 27 — AmBank Research expects Bank Negara Malaysia (BNM) to increase the overnight policy rate (OPR) by 50 basis points (bps), bringing the OPR to 2.50 per cent during the upcoming meeting in July, in anticipation of the rising inflation.

KUALA LUMPUR, June 27 — The ringgit opened marginally higher against the US dollar today in anticipation of a higher overnight policy rate (OPR) being set at the fourth Monetary Policy Committee (MPC) meeting next week to contain inflation, said an analyst.

KUALA BERANG, June 26 — The new maximum price for chicken, which will be announced tomorrow, takes into account the interests of consumers and traders, said Domestic Trade and Consumer Affairs Deputy Minister Datuk Rosol Wahid.

KUALA LUMPUR, June 25 — The projected consumption subsidy expenditure of RM77.3 billion so far for 2022 is the highest subsidy in history ever borne by any government, said the Finance Ministry.

KUALA LUMPUR, June 25 — The ringgit is expected to appreciate slightly while moving in a tight range at around 4.40 against the greenback next week on mixed market sentiments, said an economist.

KUALA LUMPUR, June 24 — The ringgit extended yesterday's gains to end the week higher against the US dollar today on better demand for the local currency, boosted by steady oil prices, said an analyst.

BANGI, June 24 — Micro-targeted assistance is the best method to implement as it would meet the needs of the people and help reduce the total of subsidies borne by the government, economist Prof Tan Sri Dr Noor Azlan Ghazali said.

KUALA LUMPUR, June 24 — Petroliam Nasional Bhd (Petronas) has maintained its position as the world’s strongest oil and gas (O&G) brand for the third consecutive year, according to the Brand Finance 2022 annual report on the most valuable and strongest O&G brands.

KUALA LUMPUR, June 24 — Malaysia’s Consumer Price Index (CPI) increased 2.8 per cent year-on-year to 126.6 in May 2022 from 123.1 in May 2021, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 24 — Malaysian food and beverages (F&B) companies recorded US$2.31 million (US$1=RM4.40) in total sales during the recent Asean Trade Fair 2022 organised by Asean-Korea Centre, held in conjunction with Seoul Food and Hotel 2022 in Seoul, South Korea.

KUALA LUMPUR, June 24 — The ringgit opened marginally higher against the US dollar today, ahead of Malaysia's consumer price index (CPI) report for May 2022, scheduled to be released by the Department of Statistics (DoSM) today, said an analyst.

KUALA LUMPUR, June 23 — The ringgit rebounded from yesterday's losses to close slightly better today after the greenback retreated in light of a slightly lower United States (US) Treasury yields, an analyst said.