KUALA LUMPUR, Aug 8 — Bursa Malaysia kicked off the day on an easier note today as investors were cautious following weak United States Treasury sales of US$42 billion, underscoring the fragile confidence in the United States’ economic conditions, a dealer said.

KUALA LUMPUR, Aug 8 — The ringgit was slightly higher against the United States dollar this morning as investors remained cautious ahead of the release of United States labour data later today, said an analyst.

KUALA LUMPUR, Aug 7 — The retail price of diesel in Peninsular Malaysia will be reduced by five sen to RM3.30 per litre from tomorrow until August 14.

KUALA LUMPUR, Aug 7 — The ringgit continued its downward trend, closing lower against the US dollar today as cautious sentiments over the global economic outlook persisted.

KUALA LUMPUR, Aug 7 — Malaysia’s target to achieve a revenue of RM3.6 billion by 2025 in the data centre industry is on track, judging by positive signals from industry players.

KUALA LUMPUR, Aug 7 — Malaysia has proposed that Thailand involve the private sector and startups in establishing special economic zones (SEZ) to attract more investment.

KUALA LUMPUR, Aug 7 — Bursa Malaysia’s barometer index opened higher for the second consecutive day, driven by Wall Street’s recovery following broad-based buying after a major stock rout, according to a dealer.

KUALA LUMPUR, Aug 7 — The ringgit opened marginally higher against the US dollar as investors adopted a wait-and-see approach to the latest economic developments.

KUALA LUMPUR, Aug 6 — The ringgit retreated from its winning streak to close lower against the greenback today as the US Dollar Index rebounds.

CYBERJAYA, Aug 6 — The strengthening of the ringgit reflects the fundamentals of the country's economy and policies, said Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

KUALA LUMPUR, Aug 6 — Malaysia’s Services Producer Price Index (SPPI) grew marginally by 0.7 per cent to 115.7 points in the second quarter of 2024 (2Q 2024), compared to a 1.0 per cent increase in 1Q 2024, said the Department of Statistics Malaysia.

KUALA LUMPUR, Aug 6 — The Malaysian economy is on the right track despite the risk of a recession in the United States, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

KUALA LUMPUR, Aug 6 — All construction companies must not prioritise local skilled labour when hiring workers, said Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.

KUALA LUMPUR, Aug 6 — The construction, technology and property stocks lifted Bursa Malaysia’s key index to turn higher at mid-morning, in tandem with the mostly higher regional market indices, despite the downbeat performance on Wall Street overnight.

PUTRAJAYA, Aug 6 — The strength of the domestic economy and the measures taken by the Finance Ministry and its associated departments play a crucial role in efforts to bolster the ringgit, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, Aug 6 — The ringgit has shown continued strength against the greenback at the opening, as prospects of United States rate cuts loom, an analyst reported.

KUALA LUMPUR, Aug 5 — Malaysia’s gross domestic product (GDP) growth momentum is expected to taper off going into the second half of 2024 (2H 2024), said Kenanga Investment Bank Bhd (Kenanga IB).

KUALA LUMPUR, Aug 5 — The ringgit extended its bullish momentum from last week to close higher against the US dollar today amid a weakened US Dollar Index.

KUALA LUMPUR, Aug 5 — The weak United States jobs data has continued to push Bursa Malaysia lower at mid-afternoon, in tandem with the sharp downtrend in the regional bourses, especially Japan’s Nikkei 225 Index.

KUALA LUMPUR, Aug 5 — The ringgit may fall below its fair value target of 4.30 against the United States (US) dollar, supported by Malaysia's export and foreign direct investment (FDI) recovery, according to CIMB Investment Bank Bhd.