Only one chicken factory will be closed, will not affect supply — Nanta
PUTRAJAYA, May 19 — The Ministry of Domestic Trade and Consumer Affairs has denied the allegations that a group of poultry industry cartels are planning...
Malaysia’s digital economy to contribute 22.6 pct to GDP, create half a million jobs by 2025
SINGAPORE, May 19 — The digital economy is expected to contribute 22.6 per cent of Malaysia’s gross domestic product (GDP) and create over 500,000 jobs...
IMF optimistic Malaysia’s economy to expand 5.75 pct in 2022
KUALA LUMPUR, May 19 — The International Monetary Fund (IMF) is optimistic that Malaysia’s economy will expand by 5.75 per cent in 2022, driven by...
Ringgit hits RM4.4 against US dollar, lowest since March 2020
KUALA LUMPUR, May 19 — The ringgit slid further to open lower at RM4.4 against the US dollar, the lowest since March 2020 following a...
Ringgit eases on stronger demand for greenback
KUALA LUMPUR, May 18 — The ringgit closed lower against the US dollar today after a positive start yesterday due to firmer demand for the...
Ringgit marginally higher against US dollar at opening
KUALA LUMPUR, May 18 — The ringgit opened slightly higher against the US dollar today in tandem with the Chinese yuan following positive development in...
Is Malaysia experiencing ‘Cantillon effect’, will this lead to more interest rate hikes?
KUALA LUMPUR, May 18 — Bank Negara Malaysia (BNM) recently made a surprise interest rate hike, its first hike since July 2020, an uptick that...
Ringgit appreciates versus US dollar, tracking positive yuan sentiment
KUALA LUMPUR, May 17 — The ringgit appreciated against the US dollar at closing today, tracking the improved sentiment for the Chinese yuan following positive...
MIH 2021: Economic losses of RM5.3 bln to RM6.5 bln during the Dec 2021 floods
KUALA LUMPUR, May 17 — Malaysian Reinsurance Bhd (Malaysian Re) disclosed that the December 2021 floods had resulted in economic losses of between RM5.3 billion...
Malaysia to post 30-45 pct recovery in air passenger traffic from pre-pandemic levels
SINGAPORE, May 17 — Malaysia’s air passenger traffic this year is forecast to increase between 197 per cent and 347 per cent year-on-year (YoY), representing...
Maybank introduces contactless cash withdrawal service
KUALA LUMPUR, May 17 — Maybank has introduced its first-ever contactless automated teller machine (ATM) cash withdrawal service in Malaysia. It said the new service...
Ringgit opens slightly higher against US dollar
KUALA LUMPUR, May 17 — The ringgit opened slightly higher against the US dollar today amid firmer global oil prices, an analyst said. At the...