KUALA LUMPUR, June 12 — The government must take a holistic approach in executing structural reforms, including the possible reinstatement of the Goods and Services Tax (GST), that will boost the country's economic resilience as well as the ringgit in the long run, according to economists.

KUALA LUMPUR, June 11 — The ringgit is expected to trade in cautious mode against the US dollar next week, said an analyst.

KUALA LUMPUR, June 10 — The ringgit has surpassed the RM4.40-level against the US dollar at the end of a week’s trading as investors flee to safe-haven assets including the greenback amid a signal by the European Central Bank (ECB) to hike interest rates next month, said an analyst.

KUALA LUMPUR, June 10 — The government still has sufficient funds to continue to provide fuel subsidies to the people despite rising global crude oil prices.

KUALA LUMPUR, June 10 — The Industrial Production Index (IPI) increased 4.6 per cent in April 2022 compared to the same month of the previous year, steered by the manufacturing and electricity sectors, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 10 — Malaysia’s manufacturing sales grew 13.2 per cent to RM147.9 billion compared to the same month in 2021, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 10 — The ringgit opened lower against the US dollar today, nearing a 28-month low that was recorded during the first Movement Control Order (MCO) in 2020 amidst economic recovery.

KUALA LUMPUR, June 9 — The ringgit rose against the US dollar at the close on Thursday, ahead of the release of the United States’ consumer price index (US CPI) on Friday, said an analyst.

KUALA LUMPUR, June 9 — The average price of steel bars increased 20 per cent in May 2022 to RM3,910 per tonne from RM3,258 per tonne in the corresponding period last year following the increase in the prices of building materials, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, June 9 — Top Glove Corp, the world's largest medical glove maker, posted a 98.6 per cent drop in quarterly profit due to weaker demand for its products and higher production costs.

KUALA LUMPUR, June 9 — Malaysia’s wholesale and retail trade sales increased by 15.2 per cent year-on-year (y-o-y) to register RM128.0 billion in April 2022, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 9 — The ringgit opened lower against the US dollar today on the back of a potential interest rate hike in the US, said a dealer.

KUALA LUMPUR, June 8 — The ringgit was almost flat against the US dollar at the close today as investors shifted their buying appetite towards safe-haven assets such as the greenback amid the expectation that the near-term economic outlook appears to be challenging, said an analyst.

KUALA LUMPUR, June 8 — The retail price of RON97 petrol will be higher by two sen at RM4.72 per litre, while the prices of RON95 petrol and diesel remain unchanged for the week from June 9 to June 15.

KUALA LUMPUR, June 8 — Malaysia’s monetary policy remains accommodative of the country’s economy just not at the level required during the height of the pandemic as the gradual hike in the overnight policy rate (OPR) from its historical low of 1.75 per cent to 2.0 per cent will allow the market to...

KUALA LUMPUR, June 8 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$112.8 billion as of May 31, 2022.

KUALA LUMPUR, June 8 — Malaysia recorded its highest trade deficit in services which widened to RM60.7 billion against an RM47.2 billion deficit in 2020 due to lower inbound travel, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, June 8 — Malaysia’s total trade recorded a new achievement in 2021, surpassing RM2 trillion and recording the fastest growth since 1994, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, June 8 — The Ministry of Finance (MOF) is looking to table the Fiscal Responsibility Bill at the next Parliament session, scheduled to begin on July 18.

KUALA LUMPUR, June 8 — The ringgit inched up against the US dollar on Wednesday, albeit at a slower pace, following a global scenario of inflation and economic policy tightening.