KUALA LUMPUR, May 18 — Bank Negara Malaysia (BNM) recently made a surprise interest rate hike, its first hike since July 2020, an uptick that was only expected in the second half of this year.

KUALA LUMPUR, May 17 — The ringgit appreciated against the US dollar at closing today, tracking the improved sentiment for the Chinese yuan following positive developments in Shanghai, amid concerns over recession in the United States (US).

KUALA LUMPUR, May 17 — Malaysian Reinsurance Bhd (Malaysian Re) disclosed that the December 2021 floods had resulted in economic losses of between RM5.3 billion and RM6.5 billion.

SINGAPORE, May 17 — Malaysia's air passenger traffic this year is forecast to increase between 197 per cent and 347 per cent year-on-year (YoY), representing between 32.6 million and 49 million passengers, according to Transport Minister Datuk Seri Dr Wee Ka Siong.

KUALA LUMPUR, May 17 — Maybank has introduced its first-ever contactless automated teller machine (ATM) cash withdrawal service in Malaysia.

KUALA LUMPUR, May 17 — The ringgit opened slightly higher against the US dollar today amid firmer global oil prices, an analyst said.

TUMPAT, May 15 — Pharmaniaga Bhd is setting up an RM300 million halal insulin and vaccine plant in Puchong, Selangor, which is expected to be fully completed by end of 2023.

KOTA BHARU, May 15 — The Department of Statistics Malaysia (DOSM) is surveying household income and expenditure nationwide which is expected to be completed by the end of this year, said Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed.

KUALA LUMPUR, May 15 — The Malaysian ringgit is playing catch up to the US dollar as surging global interest in the greenback increases its demand and value tremendously.

KUALA LUMPUR, May 14 — The ringgit is expected to trend downward against the US dollar next week on lack of catalysts, according to an analyst.

KUALA LUMPUR, May 13 — Pegging the ringgit will not be in the best interest of Malaysia as it will have substantial risks, one of which is mirroring the monetary policy of the country that the local currency is pegged against, Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus said.

KUALA LUMPUR, May 13 — Bank Negara Malaysia (BNM) today stressed the importance of recalibrating the monetary policy to avoid the need to be aggressive in raising interest rates, said governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, May 13 — Malaysia's economic growth picked up pace in the first quarter and was likely to accelerate further this year amid sustained demand and the reopening of international borders, the central bank said on Friday.

KUALA LUMPUR, May 13 — Malaysia’s economy has rebounded in the first quarter of 2022 (Q1 2022), registering a five per cent growth versus a contraction of 0.5 per cent in Q1 2021.

KUALA LUMPUR, May 13 — The ringgit opened slightly higher against the US dollar today, ahead of the first quarter (Q1) gross domestic product (GDP) announcement by Bank Negara Malaysia (BNM) later today, an analyst said.

KUALA LUMPUR, May 12 — Banks are revising their reference rates following Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) increased to two per cent from 1.75 per cent.

KUALA LUMPUR, May 12 — The ringgit settled 0.39 per cent lower against the US dollar today due to a sell-off following the decline in global crude oil prices, said an analyst.

KUALA LUMPUR, May 12 — The Malaysia Pavilion at Expo 2020 Dubai has generated potential trade, investments and business leads worth more than RM70 billion through its extensive trade and business programmes.

KUALA LUMPUR, May 12 — Malaysia’s wholesale and retail trade sales registered a growth of 3.9 per cent year-on-year (y-o-y) in the first quarter of 2022 (Q1 2022), said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, May 12 — Malaysia’s wholesale and retail trade sales rose 9.8 per cent year-on-year (y-o-y) to RM123.8 billion in March 2022, the Department of Statistics Malaysia (DOSM) said.