KUALA LUMPUR, June 5 — The worst of the catastrophic blow to the global economy caused by the Covid-19 pandemic is over, and the severe downturn that has engulfed the global economy since the beginning of the year likely hit bottom in May, said Moody’s Analytics chief economist Mark Zandi.

KUALA LUMPUR, June 5 — The ringgit advanced against the US dollar in the early session today on better demand for the local note, as the greenback, a safe haven-linked currency succumbed against the backdrop of firm risk-on sentiment.

KUALA LUMPUR, June 5 — Pegging the ringgit during the Covid-19 crisis is not appropriate, given the issues confronting the nation are related to health and economic integration.

KUALA LUMPUR, June 4 — AirAsia Group Bhd (AAGB) has clarified that the company is currently evaluating several proposals to raise capital to strengthen its equity base or liquidity.

KUALA LUMPUR, June 4 — The export and import unit value indices shrank by 1.7 per cent and 1.2 per cent month-on-month (m-o-m) to 114.1 points and 114.8 points, respectively, in April 2020, said the Department of Statistics Malaysia.

KUALA LUMPUR, June 4 — The Covid-19 pandemic, which has caused major disruptions to the global supply chain, has dragged Malaysia to record a trade deficit of RM3.5 billion in April 2020, after 269 consecutive months of surplus on account of higher contraction in exports compared to imports.

KUALA LUMPUR, June 4 — Local industries and businesses should turn to digitalisation as a medium in establishing the Malaysian brand globally in the "new normal" era.

NEW YORK, June 4 — Stronger appetite for riskier assets is set to lift Asian equities today, as government stimulus expectations support investor confidence in economic recovery from the coronavirus.

KUALA LUMPUR, June 4 — The ringgit eases against the US dollar in the early session today on mild profit-taking following the local note’s three straight days of gains.

KUALA LUMPUR, June 3 — Proton Holdings Bhd said there were early signs of recovery as it sold 5,676 vehicles, an improvement of 73.2 per cent compared with March 2020, despite the need to comply with the standard operating procedures of the conditional movement control order (CMCO).

NEW YORK, June 3 — Oil prices gained on Tuesday as market participants bet on extending output cuts by major oil producers, reported Xinhua news agency.

KUALA LUMPUR, June 3 — The ringgit was higher against the US dollar in the early session today on better demand for emerging Asian currencies, including the ringgit, as the greenback loses its safe-haven shine with investors optimistic of a global economic recovery.

KUALA LUMPUR, June 3 — Some 10.25 million people, or 67.2 per cent of the workforce, had returned to work as of May 17, up from 6.64 million people or 43.6 per cent a week earlier (May 10), says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, June 2 — The Short-Term Economic Recovery Plan for June to December period will be launched by Prime Minister Tan Sri Muhyiddin Yassin this month, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, June 2 — Malaysia’s Manufacturing Purchasing Managers’ Index (PMI), which jumped to 45.6 in May from April’s record low of 31.3, has suggested signs of stabilisation and may be heading for growth in the third quarter of 2020, an investment bank and research house said.

KUALA LUMPUR, June 2 — The ringgit opened higher against the US dollar today as the procession of good news weighs on safe-haven US dollar, with market players anticipating that the worst of Covid-19's economic slowdown is behind Asia and the developed world.

KUALA LUMPUR, June 1 — After the “largely expected” economic contraction for the 2020 second quarter (Q2), Malaysia may see a gradual recovery starting from the third quarter depending on its progress in containing the Covid-19 outbreak, said MIDF Research.

KUALA LUMPUR, June 1 — The ringgit was slightly higher against the US dollar in the early session today on mild demand for the local note, as global oil price increase helped to lift market sentiment towards the ringgit.

KUALA LUMPUR, May 29 — The short-term economic recovery plan which will be announced by the Prime Minister will see continued cooperation between the government and the private sector to ensure its smooth and orderly implementation to revive the economy.

KUALA LUMPUR, May 29 — The ringgit strengthened against the US dollar in early session today on an overnight recovery of oil prices but investors are cautious by a possible escalation of the United States (US)-China trade war risk, said an analyst.