KUALA LUMPUR, April 28 — The Indonesian government’s strict measure of banning all palm oil exports would likely cause Indonesian plantation players to suffer, while pure upstream players, as well as those with downstream capacities in Malaysia, would emerge, winners, according to investment analysts.

KUALA LUMPUR, April 28 — The ringgit opened slightly lower against the US dollar today amid stronger demand for the greenback, said an analyst.

NEW DELHI, April 28 — Air India plans to acquire budget carrier AirAsia India as their owner Tata Group wants to consolidate its airline business, Indian media reported on Wednesday.

KUALA LUMPUR, April 28 — The proposed merger between Celcom Axiata Bhd and Digi.com Bhd to form a new entity known as MergeCo is expected to be completed in the second half of 2022, said Axiata Group Bhd.

KUALA LUMPUR, April 27 — The retail price of RON97 petrol will increase by 13 sen from RM3.81 to RM3.94 per litre for the week beginning April 28 to May 4.

KUALA LUMPUR, April 27 — The ringgit ended on a bearish note again as the demand for the safe-haven US dollar continues to dominate amid anxiety over the outcome of the Federal Open Market Committee meeting and mounting fears over China’s growth risks.

PUTRAJAYA, April 27 — Malaysia's labour force indicated a gradual recovery in 2021 with a better situation anticipated in 2022, said Chief Statistician Datuk Seri Mohd Uzir Mahidin.

KUALA LUMPUR, April 27 — The economic indicators for the first three months of 2022 stipulate Malaysia’s positive economic outlook in the near future with high mobility foreseen following the opening of international borders, the Department of Statistics Malaysia (DOSM) said.

KUALA LUMPUR, April 27 — The tax regime in Malaysia should stay current and continue to be sustainable to attract new domestic and foreign direct investments into the country in the wake of the changing investment landscape posed by Covid-19.

KUALA LUMPUR, April 27 — The ringgit retreated from yesterday's gains to open slightly lower against the US dollar today on renewed concerns about the global economic outlook, said an analyst.

KUALA LUMPUR, April 27 — Sime Darby Plantation Bhd (SDP) had on Tuesday submitted a report to the United States Customs and Border Protection (CBP) which will go towards lifting the Withhold Release Order (WRO) imposed on the company since December 2020.

KUALA LUMPUR, April 26 — The ringgit snapped its seven-day losing streak to rebound slightly on Tuesday as the market entered correction mode.

KUALA LUMPUR, April 26 — Westports Holdings Bhd registered a lower net profit of RM151.85 million in the first quarter ended March 31, 2022 (Q1FY22) from RM208.32 million a year ago, mainly due to the one-off prosperity tax.

KUALA LUMPUR, April 26 — The Economic Planning Unit (EPU) and Malaysia Petroleum Resources Corporation (MPRC) plan to kick off 15 initiatives this year under the National Oil & Gas, Services and Equipment (OGSE) Industry Blueprint 2021-2030.

KUALA LUMPUR, April 26 — Data analytics company FICO has posited that 57 per cent of small and medium enterprises (SMEs) are expected to take up new or alternative borrowing products in 2022.

KUALA LUMPUR, April 26 — The ringgit opened slightly higher against the US dollar today on renewed buying interest amid slightly easing demand for the greenback due to softer US Treasury yields, said an analyst.

KUALA LUMPUR, April 25 — The ringgit, along with other major currencies, continued to be under pressure after expectations of a 50-basis points (bps) rate hike by the US Federal Reserve (Fed) supported the US dollar.

KUALA LUMPUR, April 25 — Malaysia's Leading Index (LI) recorded a healthier month-on-month (m-o-m) trend in February 2022, increasing to 110.8 points from 110.1 points in the preceding month, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, April 25 — Malaysia is set to benefit from palm oil importers shifting demand from Indonesia to Malaysia following Indonesia's ‘surprising’ and ‘unexpected measure’ to impose an export ban on the commodity, which will also further raise overall global vegetable oil prices, Public Investment Bank said.

KUALA LUMPUR, April 25 — Kenanga Investment Bank Bhd (Kenanga) expects the ringgit to rebound and appreciate by 0.9 per cent to 4.286 against the US dollar this week.