Ringgit likely to trade in tight range next week
KUALA LUMPUR, June 29 — The ringgit is likely to trade in a narrow range of RM4.70 and RM4.71 against the US dollar in cautious...
Malaysia’s positive ratings testament to govt’s good economic management — PM
KUALA LUMPUR, June 28 — The reaffirmation of Malaysia’s sovereign credit ratings and positive economic outlook by S&P Global Ratings and Fitch Ratings is “testament...
Fitch says Malaysia’s sovereign credit outlook ‘stable’
KUALA LUMPUR, June 27 — Fitch Ratings has maintained Malaysia’s sovereign credit ratings at BBB+ with a “stable” outlook, underpinned by a diversified economy and...
CPO spot prices likely to average lower in 2024 — Fitch
KUALA LUMPUR, Dec 22 — Fitch Ratings expects Malaysian benchmark crude palm oil (CPO) spot prices to average at US$650 per tonne in 2024, substantially...
Resilient domestic demand, larger expenditure to underpin robust national growth — Fitch Ratings
KUALA LUMPUR, Oct 10 — Malaysia’s resilient domestic demand and a larger development expenditure outlined in the second phase of the 12th Malaysia Plan “will underpin...
Budget 2024 could advance subsidy rationalisation — Fitch Ratings
KUALA LUMPUR, Aug 15 — Fitch Ratings believes the government will advance subsidy rationalisation, likely to initially focus on electricity and diesel, in Budget 2024...
Ringgit continues downtrend against US dollar
KUALA LUMPUR, Aug 2 — The ringgit continued its downtrend to close lower against the greenback today, along with other emerging currencies, as concern over...
World trade slowing sharply due to weak consumer demand — Fitch Ratings
ISTANBUL, June 2 — World trade is slowing sharply due to monetary tightening by central banks, fading fiscal support by governments, and weak demand for...
Fitch Ratings affirms Malaysian Re ‘A’ rating with stable outlook
KUALA LUMPUR, Dec 16 — Fitch Ratings has affirmed Malaysian Reinsurance Bhd’s (Malaysian Re) insurer financial strength (IFS) rating of ‘A’ (Strong) with a stable...
Measures to restore country’s credit rating to be raised in Parliament today
KUALA LUMPUR, Dec 15 — Measures to restore the country’s credit rating following the decision by Fitch Ratings that have revised Malaysia’s credit rating will...
Fitch downgrades Malaysia to BBB+ with stable outlook, acknowledges swift response to Covid-19
KUALA LUMPUR, Dec 5 — Fitch Ratings has downgraded Malaysia’s long-term foreign-currency issuer default rating (IDR) to ‘BBB+’ from ‘A-‘ with a stable outlook amid...