KUALA LUMPUR, Aug 16 — The ringgit is moving in the right direction as it reflects the nation’s economic fundamentals and strong prospects, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Aug 16 — The impact of the recently implemented diesel subsidy rationalisation remains manageable given the government mitigation measures despite the slight rise in inflation prints, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Aug 16 — Malaysia’s economy saw a robust expansion of 5.9 per cent in the second quarter of 2024 (2Q 2024) exceeding earlier prediction of 5.8 per cent, bolstered by resilient household spending, vigorous investment activities, and a significant boost in tourism arrivals.

TAIYUAN, Aug 16 — Guangzhou Exhibition Services Centre is set to host the China-Malaysia Trade Exhibition (MCTE) in Kuala Lumpur, aimed at enhancing economic and trade ties between Chinese companies and Belt and Road countries, and promoting the high-quality development of foreign trade.

KUALA LUMPUR, Aug 16 — Bursa Malaysia opened higher, supported by buying interest across the board amid Wall Street’s overnight gains, said analysts.

KUALA LUMPUR, Aug 16 — Malaysia is expected to record strong export figures in the second quarter of 2024 (2Q 2024) despite consensus projection of sluggish external markets this year.

KUALA LUMPUR, Aug 16 — The ringgit opened lower against the greenback as traders adopted a cautious stance and adjusted their positions due to anticipated pre-announcement volatility ahead of Malaysia’s second quarter (2Q) 2024 gross domestic product (GDP) data today.

KUALA LUMPUR, Aug 15 — The ringgit ended lower against the US dollar at the close despite the lower US Consumer Price Index (CPI) data last night, indicating that lower inflation will enable the US Federal Reserve to reduce interest rates.

KUALA LUMPUR, Aug 15 — BHIC AeroServices Sdn Bhd has been awarded a RM378 million contract from the Defence Ministry.

KUALA LUMPUR, Aug 15 — The Federation of Malaysian Manufacturers (FMM) said a gradual adjustment to minimum wages is more feasible and manageable for the industry as it offers a balanced approach to improving workers’ well-being without imposing a steep financial burden on businesses.

LIMA, Aug 15 — Malaysia is expected to attract new investments in the energy sector from Singapore and Vietnam, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, Aug 15 — MIDF Research estimated the full quarter gross domestic product (GDP) growth for the second quarter (2Q) to be around 6.1 per cent year-on-year (y-o-y), supported by robust growth in the services sector.

KUALA LUMPUR, Aug 15 — The Malaysia-China Summit (MCS) 2024, to be held from December 17 to 19, aims to generate RM2 billion in trade and investment leads.

KUALA LUMPUR, Aug 15 — The ringgit continued to strengthen against the greenback and other major currencies ahead of the second quarter (2Q) gross domestic product (GDP) release tomorrow, an analyst said.

KUALA LUMPUR, Aug 14 — The ringgit ended the day’s trading at about 4.41 against the US dollar, its best close in 16 months, as the US Federal Reserve was seen to be on track to cutting interest rates in September.

KUALA LUMPUR, Aug 14 — The retail price of diesel in Peninsular Malaysia will be reduced by five sen per litre to RM3.25 per litre, while the retail price of diesel in Sabah, Sarawak, and Labuan will remain unchanged at RM2.15 per litre.

KUALA LUMPUR, Aug 14 — The number of jobs in the economic sector increased by 1.5 per cent to record 8.96 million in the second quarter of 2024, according to Employment Statistics released by the Department of Statistics Malaysia (DOSM) today.

KUALA LUMPUR, Aug 14 — Bank Islam Malaysia Bhd anticipates Malaysia’s gross domestic product (GDP) growth to reach 6.0 per cent in the second quarter (2Q) of 2024, which is slightly above the Department of Statistics Malaysia’s (DOSM) advance estimate of 5.8 per cent.

KUALA LUMPUR, Aug 14 — Malaysia’s economy likely grew at its fastest pace in 18 months in the second quarter (2Q), thanks to a strong rebound in exports and higher household consumption, according to a Reuters poll of economists.

KUALA LUMPUR, Aug 14 — Malaysia needs to continue playing its role as a “neutral” country with a strong ecosystem in the tech sector to ensure the country remains an investment destination.