WASHINGTON, April 1 — US President Joe Biden on Thursday announced that his administration will release one million barrels of oil per day for the next six months from its strategic reserve in an effort to tame the elevated gas prices.

KUALA LUMPUR, March 30 — Minimum wage policy should be done in an orderly manner to ensure that the move will support economic growth while not adding inflationary pressure to the country, said Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, March 25 — Malaysia's Consumer Price Index (CPI) increased moderately by 2.2 per cent to 125.2 in February 2022 from 122.5 in the same month of the preceding year, driven mainly by the increase in food inflation, Department of Statistics Malaysia (DOSM) said.

SINGAPORE, March 10 — Singapore's economy is expected to grow 3 per cent in 2023, as the city-state gradually reopens its borders to international travel, a survey of economists conducted by the city-state's central bank showed on Wednesday.

KUALA LUMPUR, Feb 11 — Bank Negara Malaysia (BNM) expects inflation to remain moderate in 2022, closer to its long-term average, while core inflation is likely to remain modest this year.

SINGAPORE, Jan 25 — The Monetary Authority of Singapore (MAS) will raise slightly the rate of appreciation of its monetary policy band - Singapore dollar nominal effective exchange rate (S$NEER), as its Core Inflation is forecast to pick up further in the near term.

KUALA LUMPUR, Jan 21 — Malaysia's Consumer Price Index (CPI) in December 2021 increased 3.2 per cent to 124.5 as against 120.6 in the same month of the preceding year due to the rise in food and fuels prices, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Nov 26 — Malaysia saw its Consumer Price Index (CPI) increased 2.9 per cent year-on-year (y-o-y) to 123.7 in October 2021 against 120.2 in the same month of the preceding year.

KUALA LUMPUR, Nov 12 — The ringgit rebounded from yesterday’s losses to close higher against the US dollar on Friday as the recent downtrend sparked some buying interest.

KUALA LUMPUR, Nov 12 — Malaysia will not face stagflation despite rising global inflation, with 2022 GDP growth expected to range between 5.5 per cent and 6.5 per cent.

KUALA LUMPUR, Nov 11 — The ringgit ended lower against the US dollar today, in line with other regional currencies, said an economist.

KUALA LUMPUR, Oct 20 — The Asia-Pacific (Apac) economy is emerging from an extremely weak third quarter (Q3) that was weighed down by the combined effects of mobility restrictions to contain the Delta variant of Covid-19 and the resulting supply-chain disruptions and weak domestic demand.

KUALA LUMPUR, Oct 5 — Asia-Pacific is starting a period of recovery from the wave of the Covid-19 Delta variant, allowing for a resumption of economic recovery across much of the region in the fourth quarter of this year, according to Moody’s Analytics.

KUALA LUMPUR, Aug 25 — Malaysia’s Consumer Price Index (CPI) grew 2.2 per cent year-on-year (y-o-y) in July 2021 to 122.5, marking its sixth consecutive month in positive territory due to the low base effect.

KUALA LUMPUR, Aug 25 — The ringgit has extended its winning streak for the third consecutive day today, bolstered by the positive market sentiment, coupled with the weaker greenback performance, dealers said.

KUALA LUMPUR, Aug 5 —  Malaysia’s per capita income is expected to increase this year, however, this would be subject to the country’s economic recovery, said the Department of Statistics Malaysia (DOSM) today.

KUALA LUMPUR, July 23 — The Consumer Price Index (CPI) rose by 3.4 per cent year-on-year (y-o-y) to 123.2 in June 2021 versus 119.1 in June 2020, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 21 — The ringgit opened lower against the US dollar today amidst growing concerns over the spread of the Covid-19 Delta variant that has already triggered new lockdowns in several Southeast Asian countries, a trader said.

KUALA LUMPUR, June 15 — The ringgit closed marginally lower against the US dollar today on lack of catalyst, despite the increase in crude oil prices.

KUALA LUMPUR, June 11 — The ringgit opens higher against the US dollar today as the greenback loses its ground due to rising inflation, a dealer said.