KUALA LUMPUR, May 13 — Malaysia's economy grew moderately at 0.7 per cent in the first quarter of 2020 from 4.5 per cent in the same quarter last year, as gross domestic product growth was affected by the Covid-19 pandemic and the implementation of the movement control order (MCO).

KUALA LUMPUR, May 13 — The ringgit reversed yesterday's gains to open easier against the US dollar this morning ahead of the country's first-quarter gross domestic product results announcement.

KUALA LUMPUR, May 13 — Malaysia Airports Holdings Bhd (MAHB) announced that passenger movements throughout its system shrank by 98.8 per cent year-on-year last month to only 137,000 passengers amid the movement control order (MCO) enforcement.

KUALA LUMPUR, May 12 — The ringgit opened slightly lower against the US dollar today as the stronger greenback mitigated interest for the local currency.

KUALA LUMPUR, May 10 — Malaysia may be looking at a "new normal" trend moving forward, whereby consumers put off or postpone purchasing big-ticket items or goods and services that they do not consider as essentials.

KUALA LUMPUR, May 8 — Bank Negara Malaysia’s (BNM) international reserves amounted to RM439.7 billion as of April 30.

KUALA LUMPUR, May 8 — The ringgit rose higher against the US dollar in the early morning session today on better demand for the local note, amidst broad US dollar weakness.

PORT KLANG, May 8 — The 12th Malaysia Plan (12MP) is not currently seen as being negatively impacted by the effects of the Covid-19 pandemic, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, May 7 — The need for a stronger concerted effort among Apec economies and a more focused strategy for structural reforms, especially in harnessing modern digital technology to address economic challenges, has become more critical than ever amid the adverse impact of the Covid-19 pandemic.

KUALA LUMPUR, May 6 — The headline inflation declined to -0.2 per cent in March 2020 from 1.3 per cent registered in February 2020, said Bank Negara Malaysia.

KUALA LUMPUR, May 6 — The widespread adoption of digital economy during the movement control order (MCO) provides numerous opportunities for businesses and consumers to strengthen their ties in the business ecosystem.

KUALA LUMPUR, May 6 — The ringgit was slightly lower against the US dollar in the early session today as demand shifted towards the US dollars following favourable economic data from the United States.

KUALA LUMPUR, May 6 — E-commerce’s contribution to the country’s gross domestic product (GDP) is expected to rise this year on increased consumer confidence in digital transactions amid the movement control order, said MDEC chief operating officer Ng Wan Peng.

KUALA LUMPUR, May 5 — Bank Negara Malaysia today lowered its Overnight Policy Rate (OPR) by 50 basis points to 2.00 per cent.

KUALA LUMPUR, May 5 — The ringgit was flat against the US dollar in the early session today as traders opted to stay on the sidelines, amidst unfavourable economic data coming out from both Malaysia and the United States.

KUALA LUMPUR, May 4 — The ringgit was lower against the US dollar in the early session today on weaker demand for the local note as buying sentiment was hampered by the declining global oil price.

KUALA LUMPUR, May 4 — For businesses that were badly hit by the enforcement of the movement control order since March 18, the easing of restrictions from today is most welcome.

KUALA LUMPUR, May 2 — News on the reopening of economies across the globe coupled with the flattening of the Covid-19 infection curve are set to take centre stage next week, pushing the ringgit higher.

KUALA LUMPUR, April 30 — Malaysia’s leading economic index declined 0.8 per cent month-on-month in February 2020 following a 0.1 per cent gain in the prior month, providing cues on what to expect for economic performance in June to August 2020 period.

KUALA LUMPUR, April 30 — Strong local market sentiment has driven Bursa Malaysia higher as it breached the 1,400 points.