KUALA LUMPUR, June 23 — Efforts are being made to amend the Competition Act 2010 to make the country’s competition laws more comprehensive and bring them in line with international practices, said Datuk Seri Ismail Sabri Yaakob.

KUALA LUMPUR, June 23 — Malaysia’s economic recovery is in a better direction, as the performance of the Leading Index (LI) for April 2022 eased to a better negative of 0.5 per cent from a negative 1.4 per cent in March 2022, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 22 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$109.2 billion as at June 15, 2022.

PUTRAJAYA, June 22 — Industry players in Malaysia spent RM2.97 billion on environmental protection expenditure in 2020, according to the Survey of Environmental Protection Expenditure 2021.

PUTRAJAYA, June 22 — The 2022 Ramadan and Aidilfitri bazaars recorded a sales value of RM2.4 billion and created 156,361 employment opportunities, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 22 — Maybank Investment Bank Bhd (Maybank IB) foresees unnecessary issues over the next nine months in the automotive sector with a rise in speculative bookings until end-Jun 2022 followed with cancellations until end-Mar 2023.

KUALA LUMPUR, June 22 — The economy of the Asia-Pacific (APAC) region continues to show resilience in the face of inflation caused by sanctions on Russia, goods and commodities shortages after the invasion of Ukraine, as well as local shutdowns in China due to the republic’s zero-Covid policy.

KUALA LUMPUR, June 22 — The ringgit retracted from yesterday's gains to open lower against the US dollar this morning, as investors continue to seek shelter in the safe-haven currency, a dealer said.

PUTRAJAYA, June 21 — Ceiling price control for chicken, chicken eggs and subsidies for palm cooking oil in bottles of two, three and five kg will not be continued from July 1, said Domestic Trade and Consumer Affairs (KPDNHEP) Minister Datuk Seri Alexander Nanta Linggi today.

KUALA LUMPUR, June 21 — The ringgit continued its uptrend against the US dollar at the close for the fifth straight trading day today, supported by buying demand and the continued rally in crude oil prices, said an analyst.

ALOR SETAR, June 21 — The poultry industry is now in the process of returning production capacity to the maximum level to ensure the country does not face the lack of poultry supply as before.

KUALA LUMPUR, June 20 — The ringgit closed higher against the US dollar for the fourth straight trading day today, driven by continued buying interest, said an analyst.

KUALA LUMPUR, June 20 — MIDF Amanah Investment Bank Bhd (MIDF) expects the US Federal Reserve (Fed) would increase its interest rate to 3.40 per cent by year-end.

KUALA LUMPUR, June 20 — Moody’s Analytics expects global real gross domestic demand (GDP) growth to decelerate in 2022, as policy support fades, pent-up demand cools, supply-side inflation remains elevated, and interest rate tightening gains pace.

KUALA LUMPUR, June 20 — The ringgit opened flat against the US dollar today on a lack of fresh buying interest, said a dealer.

KUALA LUMPUR, June 18 — The ringgit is expected to remain soft against the US dollar next week, driven by a bearish outlook on the global economic front, said an analyst.

MELAKA, June 17 — The Federation of Livestock Farmers’ Associations of Malaysia (FLFAM) is expecting chicken prices to exceed RM10 per kg, following the end of the maximum retail price scheme for chicken and the termination of subsidies to chicken breeders on June 30.

KUALA LUMPUR, June 17 — Malaysia’s trade performance in May 2022 remained resilient, recording the fastest growth since November 2021 with total trade rising 33.6 per cent to RM228.37 billion compared to May 2021, said the Ministry of International Trade and Industry (Miti).

KUALA LUMPUR, June 17 — Foreign investment into Malaysia recorded net inflows of RM48.1 billion in 2021 compared to RM13.3 billion in the previous year, while investment abroad registered RM19.7 billion versus RM10.2 billion in 2020.

KUALA LUMPUR, June 17 — A significant slowdown in the European Union (EU) economic growth is a key vulnerability for Asean exports amid the economic bloc’s importance as a key export market for many Southeast Asian economies, said S&P Global Market Intelligence today.