LONDON, Nov 2 — Oil gained one per cent today to snap its three-day decline, as risk appetite returned to financial markets after the United States (US) Federal Reserve kept benchmark interest rates on hold.

KUALA LUMPUR, Oct 31 — The ringgit ended lower against the US dollar at Tuesday’s close after the latest Chinese manufacturing data came in weaker than expected, while investors await cues from the upcoming United States (US) Federal Reserve (Fed) meeting.

KUALA LUMPUR, Sept 6 — The ringgit traded in a narrow range as the US dollar continued to firm amid nervous sentiments following concerns over the bleak outlook for the global economy after disappointing China and European data.

KUALA LUMPUR, Sept 5 — The ringgit ended lower against the US dollar today after Caixin China General Services purchasing managers’ index (PMI) missed expectations by a wide margin, which weighed on local risk markets, said an analyst.

KUALA LUMPUR, Sept 1 — Overall demand conditions remain subdued across the Malaysian manufacturing sector, with the latest data signalling further muted trends across the sector midway through the third quarter of the year, said S&P Global.

KUALA LUMPUR, Aug 30 — The ringgit opened higher against the US dollar today as the greenback retreated following the release of the United States’ (US) economic data which came in below expectations, as well as the improvement in risk appetite, said an analyst.

KUALA LUMPUR, Aug 28 — The ringgit ended lower against the US dollar today in tandem with regional currencies on lingering concerns over weaker global economic activities, said an analyst.

KUALA LUMPUR, June 12 — Kenanga Investment Bank Bhd has revised down Malaysia’s 2023 manufacturing index growth forecast to 2.4 per cent from 5.0 per cent previously (2022: 8.2 per cent), given the considerably lower-than-expected print in April and the subdued year-to-date performance.

KUALA LUMPUR, June 5 — The S&P Global Asean manufacturing Purchasing Managers’ Index (PMI) remained above the 50.0 mark for the 20th successive month in May, signalling a sustained improvement in operating conditions.

KUALA LUMPUR, June 2 — Malaysia's manufacturing Purchasing Managers’ Index (PMI) is expected to remain consistent with the trend of the global PMI, given the multifaceted and volatile nature of the manufacturing industry, said PublicInvest Research.

KUALA LUMPUR, June 1 — Global air cargo demand, as measured by cargo tonne-kilometres, fell 6.6 per cent in April this year compared to the same month in 2022, according to the International Air Transport Association (IATA).

KUALA LUMPUR, May 16 — BMI, a Fitch Solutions company, has raised the forecast for Malaysia’s real gross domestic product (GDP) growth to 4.2 per cent in this year from 4.0 per cent previously following the better-than-expected 5.6 per cent expansion in the first quarter (1Q).

KUALA LUMPUR, May 9 — Malaysia’s gross domestic product (GDP) growth for the first quarter of 2023 (1Q 2023) is expected to record 5.6 per cent versus five per cent in last year’s corresponding quarter, said Bank Islam Malaysia Bhd (BIMB).

KUALA LUMPUR, May 3 — MIDF Research expects stronger demand from China to help support regional trade and production activities for Malaysia’s Manufacturing Purchasing Managers’ Index (PMI) going forward.

KUALA LUMPUR, March 2 — Malaysia's manufacturing sector is expected to expand by 4.4 per cent in 2023, faster than the official forecast of 3.9 per cent, said Public Investment Bank Bhd (Public IB).

KUALA LUMPUR, Jan 25 — The ringgit extended its upbeat momentum to open higher versus the US dollar today, supported by renewed buying interest in the currency and improved sentiment on China’s continued opening for international travel, said an analyst.

KUALA LUMPUR, Jan 4 — Malaysia's latest Purchasing Managers Index (PMI) survey has revealed that cost and supply pressures have eased as firms indicate that vendor performance has stabilised after three years of deterioration and firms finally cut selling prices, the first reduction in 2.5 years.

KUALA LUMPUR, Nov 8 — RHB Investment Bank Bhd (RHB IB) expects Malaysia’s industrial production to ease gradually in the fourth quarter (Q4 2022) before a more significant slowdown in the first half of 2023 (1H23).

SINGAPORE, Nov 3 — The Singapore purchasing managers' index (PMI), an early indicator of manufacturing activity, dipped 0.2 points from the previous month to post the second month of continued contraction at 49.7, reported Xinhua.

KUALA LUMPUR, Oct 4 — The ringgit opened barely changed against the US dollar on the expectation that the US Federal Reserve (Fed) will continue its tight monetary policy going forward.