KUALA LUMPUR, May 24 — The ringgit opened slightly lower against the US dollar today as sentiment for the greenback strengthened in tandem with positive development for the equity market in the United States, an analyst said.

GEORGE TOWN, May 23 — The establishment of 25 Startups, which is Malaysia’s first incubator specialising in Blockchain and Internet-of-Things (loT) technology, is timely to complement Penang’s strong manufacturing ecosystem.

KUALA LUMPUR, May 23 — The ringgit ended the day unchanged against the US dollar today, as market sentiment remained fragile due to the global interest rate environment.

KUALA LUMPUR, May 23 — Malaysia’s food inflation is set to stay on an upward path in the coming months amid elevated global commodity prices, domestic supply chain disruptions and depreciation of the ringgit.

KUALA LUMPUR, May 23 — The ringgit opened unchanged against the US dollar today amid the Cabinet meeting today to discuss cost of living and food supply issues, said an analyst.

KUALA LUMPUR, May 21 — The Malaysian economy's return to a stronger footing in the first quarter of 2022 (Q1 2022) with a gross domestic product (GDP) growth of 5.0 per cent and the latest economic indicators indicate that the economic recovery has begun.

KUALA LUMPUR, May 21 — The ringgit is expected to move range-bound between RM4.38 and RM4.40 against the US dollar next week as investors mull cutting their long US dollar exposure in G10 currencies due to rising worries over a possible global recession, said an analyst.

KUALA LUMPUR, May 20 — The ringgit traded more favourably against the US dollar on the last day of the week, ending on a firmer note amid improved sentiment following China’s move to cut a key interest rate to boost its economy, analysts said.

PUTRAJAYA, May 20 — Malaysia’s labour market momentum escalated in the first quarter of 2022 (Q1 2022) as both demand and supply ascended further, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 20 — Despite economic growth rebounding in the first quarter of 2022, Malaysia is exposed to a number of downside risks in the near term, particularly with China being its largest export market, accounting for 15 per cent of total exports, S&P Global Market Intelligence highlighted.

KUALA LUMPUR, May 20 — The ringgit rebounded to open slightly higher against the US dollar today on renewed buying interest amid slightly easing demand for the greenback due to a softer US Treasury yield, an analyst said.

PUTRAJAYA, May 19 — Malaysia’s labour productivity as measured by value-added per employment picked up in the first quarter of 2022 (Q1 2022) by 2.7 per cent to record RM23,129 per person compared to RM22,500 per person in the same quarter last year.

KUALA LUMPUR, May 19 — The ringgit closed lower today, hitting RM4.40 against the US dollar on global recession concerns, said an analyst.

PUTRAJAYA, May 19 — Approved permits (APs) to import certain agro-food commodities such as cabbage, old coconut, chicken (chicken pieces and whole chicken) and liquid milk are no longer required with immediate effect, says the Ministry of Agriculture and Food Industry (Mafi).

PUTRAJAYA, May 19 — The Ministry of Domestic Trade and Consumer Affairs has denied the allegations that a group of poultry industry cartels are planning to close poultry farms on Saturday and Sunday, a move that will affect the supply of chicken.

SINGAPORE, May 19 — The digital economy is expected to contribute 22.6 per cent of Malaysia’s gross domestic product (GDP) and create over 500,000 jobs by 2025, said Science, Technology and Innovation Minister Datuk Seri Dr Adham Baba.

KUALA LUMPUR, May 19 — The International Monetary Fund (IMF) is optimistic that Malaysia’s economy will expand by 5.75 per cent in 2022, driven by pent-up domestic demand and continued strong external demand.

KUALA LUMPUR, May 19 — The ringgit slid further to open lower at RM4.4 against the US dollar, the lowest since March 2020 following a hawkish stance by the US Federal Reserve (Fed) to tighten its monetary policy.

KUALA LUMPUR, May 18 — The ringgit closed lower against the US dollar today after a positive start yesterday due to firmer demand for the greenback as markets interpreted the US Federal Reserve chairman’s hawkish comments on easing price pressures, analysts said.

KUALA LUMPUR, May 18 — The ringgit opened slightly higher against the US dollar today in tandem with the Chinese yuan following positive development in Shanghai, an analyst said.