KUALA LUMPUR, April 6 — The ringgit retreated from yesterday's gains to open lower against the US dollar on Wednesday, owing to global geopolitical tensions, said an analyst.

WASHINGTON, April 5 — The developing East Asia and Pacific countries are projected to grow by 5 per cent in 2022 amid the resurgence of the Covid-19 pandemic, tighter financial conditions and the Russia-Ukraine war, reported Xinhua, quoting the World Bank on Monday.

KUALA LUMPUR, April 5 — Malaysia’s economy is expected to grow 5.5 per cent this year, driven by the recovery in domestic demand, expansion in exports, and reopening of borders, according to a World Bank report.

KUALA LUMPUR, April 5 — The ringgit opened slightly higher against the US dollar today on renewed buying interest in the local currency, said a dealer.

KUALA LUMPUR, April 5 — Kumpulan Perangsang Selangor Bhd’s (KPS) associate company Sistem Penyuraian Trafik KL Barat Sdn Bhd (Sprint) has received a letter of offer from Amanat Lebuhraya Rakyat Bhd (ALR) to acquire the entire equity interest of Sprint for approximately RM1.81 billion.

KUALA LUMPUR, April 4 — The ringgit ended lower against the US dollar today as the greenback continued to strengthen amid encouraging United States (US) economic data, an analyst said.

KUALA LUMPUR, April 4 — Malaysia's export and import unit value indices recorded positive growth in February 2022, at 2.1 per cent and 1.3 per cent, respectively, according to the Department of Statistics Malaysia (DOSM) External Trade Indices report for February 2022.

KUALA LUMPUR, April 4 — The ringgit traded lower against the US dollar in the early trading session today on lack of demand due to falling crude oil prices, coupled with China's weaker Purchasing Managers' Index (PMI), said an analyst.

KUALA LUMPUR, April 3  — The fourth withdrawal of the Employees Provident Fund (EPF) has received a mixed response, with some arguing that the continued use of EPF savings in hard times takes away the very purpose of the fund’s existence, while others argue that emergency use of it should be allowed.

KUALA LUMPUR, April 3 — A strong recovery in 2021 from 2020 has signalled a return of consumer confidence and an improved property market this year, said the Malaysian Institute of Estate Agents (MIEA).

KUALA LUMPUR, April 2 — Celcom Axiata Bhd (Celcom) and Digi Telecommunications Sdn Bhd (Digi Tel) have been asked to collectively address preliminary competition concerns across indicated market areas and respond to possible remedy recommendations provided in the Statement of Issues (SOI).

KUALA LUMPUR, April 2 — The ringgit is expected to continue to trade in a volatile mode next week, as mixed signals from global economic developments are expected to keep more investors on the sidelines, an analyst said.

KUALA LUMPUR, April 1 — The ringgit retreated from its recent gains to close lower against the US dollar today as investors turned to safe-haven currencies due to the bearish global economic outlook, a dealer said.

KUALA LUMPUR, April 1 — The Employees Provident Fund (EPF) has released its annual qualifying list of fund management institutions (FMIs) and unit trust funds under the EPF Members Investment Scheme (EPF MIS) effective today.

KUALA LUMPUR, April 1 — The ringgit opens lower against the greenback this morning due to falling crude oil prices amid US President Joe Biden's administration's decision on a record-breaking release of crude oil reserves to tame prices, said an analyst.

KUALA LUMPUR, March 31 — The ringgit continued its upward momentum to end higher against the US dollar today as more investors shifted towards emerging currencies, including the ringgit after the United States posted lower than expected fourth-quarter economic growth, a dealer said.

KUALA LUMPUR, March 31 — Headline inflation moderated to 2.2 per cent in February from the 2.3 per cent recorded in January, reflecting lower inflation in the transport segment at 3.9 per cent from 6 per cent in January, Bank Negara Malaysia (BNM) said.

KUALA LUMPUR, March 31 — Malaysia continues to be on the path to economic recovery but it should stay cautious due to global uncertainties, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, 31 March — The ringgit has extended its upward momentum against the greenback, as the US dollar retreated amidst concerns over the United States' (US) gross domestic product (GDP) data which revealed a lower-than-expected reading, said an analyst.

KUALA LUMPUR, March 30 — The ringgit extended yesterday’s gains to end higher against the US dollar today as more investors returned to emerging currencies, including the ringgit, due to positive development on the Russia-Ukraine conflict, a dealer said.