KUALA LUMPUR, March 18 — Volvo Car Malaysia Sdn Bhd has unveiled its electrification plan, announcing that it will produce its first assembled electric vehicles (EV) by manufacturing completely knocked down EV units at its facility in Shah Alam, Selangor.

KUALA LUMPUR, March 18 — The ringgit finished the week stronger against the US dollar today, supported by Malaysia's encouraging trade data and the rising oil price, an analyst said.

KUALA LUMPUR, March 18 — The Regional Comprehensive Economic Partnership (RCEP) agreement has come into force for Malaysia today, paving the way for the country to integrate into the world’s largest free trade agreement (FTA) that involves 15 countries, with a total population of more than 2.2 billion.

KUALA LUMPUR, March 18 — The ringgit opened flat versus the US dollar on Friday despite oil prices surging amidst Russian supply concerns.

KUALA LUMPUR, March 17 — The ringgit extended its gains to end higher against the US dollar on Thursday despite the interest rate hike by the US Federal Reserve, with the rising oil price providing support, an analyst said.

KUALA LUMPUR, March 17 — The ringgit further improved against the US dollar after the Federal Reserve raised interest rates for the first time since 2018 in an effort to tame inflation.

KUALA LUMPUR, March 16 — The ringgit closed higher against the US dollar today, supported by higher crude oil prices amid the ongoing geopolitical tensions between Russia and Ukraine, signalling the uncertainty in the foreign exchange market.

KUALA LUMPUR, March 16 — AirAsia X Bhd (AAX) has lodged the sanction order for its debt restructuring with the Registrar of Companies, with the formalities of the restructuring now completed.

KUALA LUMPUR, March 16 — The ringgit improved at the opening of Wednesday's trade, as the greenback retreated slightly.

KUALA LUMPUR, March 15 — The ringgit ended flat against the US dollar today as investors remained on the sidelines ahead of a possible United States’ (US) interest rate hike, an analyst said.

KUALA LUMPUR, March 15 — The ringgit opened slightly weaker against the stronger US dollar after the latest strong economic data amidst rising inflationary pressures further suggesting that the Federal Reserve (Fed) is on track to gradually remove the monetary policy accommodation.

KUALA LUMPUR, March 14 — The ringgit ended lower against the US dollar today as the greenback continued to strengthen and investors loaded up on weekend risk protection, an analyst said.

KUALA LUMPUR, March 14 — The Employees Provident Fund (EPF) dividend rate should have been higher at 6.7 per cent compared with the 6.1 per cent announced recently if there were no outflow of savings by its members.

KUALA LUMPUR, March 14 — Malaysia’s total trade for January 2022 surged 24.8 per cent year-on-year (y-o-y) to RM203.0 billion, with exports soaring 23.5 per cent to RM110.7 billion and imports climbing 26.4 per cent to RM92.3 billion.

KUALA LUMPUR, March 14 — The ringgit opened lower against the US dollar on Monday as risk-off impulses hit demand for the local currency.

KUALA LUMPUR, March 12 — The ongoing Russia-Ukraine conflict has increased demand for safe-haven assets such as the US dollar, while riskier assets, such as the ringgit, are anticipated to stay undervalued.

KUALA LUMPUR, March 11 — The ringgit continued to trade lower against the US dollar today, finishing the week in weak demand as inflation fears manifested in higher US rates and weighed on Asia's foreign exchange market.

KUALA LUMPUR, March 11 — Malaysia’s wholesale and retail trade grew by 7.7 per cent year-on-year to RM120.5 billion in January 2022.

KUALA LUMPUR, March 10 — The ringgit fell against the US dollar at the close today with the market sentiment remaining weak as lingering concerns over the Russia-Ukraine war kept investors on the sidelines.

PUTRAJAYA, March 10 — The Building Materials Cost Index (BCI) without steel bars for all regions in Peninsular Malaysia increased between 0.3 per cent and 1.5 per cent for almost all building categories in February 2022 as compared with the previous month, the Department of Statistics Malaysia (DOSM) said.