Nation's stable monetary policy setting, strong forex trading volumes among contributing factors

KUALA LUMPUR, Sept 12 — Bringing back the goods and services tax (GST) will bolster government revenue but more clarity is needed for market players to adjust their investment decisions accordingly, say economists.

KUALA LUMPUR, May 12 — Bank Negara Malaysia’s announcement that the economy is no longer in crisis and continues to gain strength is a big lift to sentiment three years since the outbreak of the pandemic.

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, Feb 20 — The ringgit continued its uptrend from earlier today to end higher against the US dollar, supported by the positive performance of commodity prices, analysts said.

KUALA LUMPUR, Feb 9 — Malaysia’s gross domestic product (GDP) is projected to hit 8.4 per cent in 2022 compared with 3.1 per cent in 2021, marking the highest growth among the Asean countries, said Bank Islam Malaysia Bhd.

KUALA LUMPUR, Dec 19 —The ringgit failed to sustain earlier gains to end the day in bearish mode against the greenback as the mood turned sour with key US data and inflation figures from major economies back in focus.

KUALA LUMPUR, Dec 12 — The ringgit closed lower against the US dollar today as the greenback strengthened ahead of interest rate decisions from multiple central banks.

KUALA LUMPUR, Nov 17 — Malaysia’s new administration faces a mammoth task of strengthening recovery, maintaining economic momentum and stabilising the political environment amid external headwinds which include potential global recessionary in 2023 as predicted by market observers.

KUALA LUMPUR, Nov 7 — The ringgit opened higher against the greenback as the United States (US) reported a higher unemployment rate and lower wage inflation last Friday.

KUALA LUMPUR, Oct 31 — The ringgit ended the last day of October easier against the US dollar as investors remained cautious ahead of the key central banks’ monetary policy statements this week, an analyst said.

KUALA LUMPUR, Oct 17 — The ringgit extended last week’s downtrend to close lower against the US dollar today, nearing the all-time low of 4.725 recorded on January 7, 1998, as sentiment in the local market was influenced by the robust greenback.

KUALA LUMPUR, Oct 3 — The ringgit ended lower against the US dollar today despite higher oil prices, said an analyst.

KUALA LUMPUR, Sept 26 — The ringgit continued to go down against the US dollar on Monday, dragged down by market volatility that was triggered by the recent steep US interest rate increase and the expectation of more hikes to come, said a dealer.