KUALA LUMPUR: Malaysia’s inflation rate for November 2024 has decreased to 1.8 per cent, down from 1.9 per cent in October this year, the first decline since August 2021, according to the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the decline to inflation in the main group of…
KUALA LUMPUR: The ringgit opened nearly flat against the US dollar as the outcome of the two-day Federal Open Market Committee (FOMC) meeting and stronger US economic data are expected to remain supportive of the dollar, an economist said. However, the ringgit was seen trading stronger when indexed against a basket of currencies. At 8…
KUALA LUMPUR: The ringgit opened higher against the US dollar on Wednesday ahead of an expected interest rate cut later today in the United States. However, the market is expected to remain cautious on stronger US retail sales data, which would boost demand for the greenback. At 8 am, the ringgit advanced to 4.4550/4700 against…
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar in early trade today amid cautious sentiment, following mixed data from the US PMI index for manufacturing, which caused the US Dollar Index (DXY) to slip to 106.858 points from 107.003 previously. At 8 am, the ringgit stood at 4.4470/4570 against the US dollar…
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar in early trade on Monday with the market anticipating that the local currency will remain soft as investors await the Federal Open Market Committee’s quarterly economic projection for 2025. At 8.02 am, the ringgit stood at 4.4470/4530 against the US dollar from last Friday’s…
KUALA LUMPUR: The ringgit was almost flat against the US dollar in early trade on Friday, despite the higher US dollar index (DXY), said an analyst. At 8.13 am, the ringgit stood at 4.4350/4450 against the US dollar from Thursday’s close of 4.4350/4.395. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said…
KUALA LUMPUR: The ringgit rose against the US dollar in early trade on Thursday despite the greenback’s appeal as a safe-haven currency remaining firm amid the risk-averse sentiment surrounding the market. At 8.11 am, the ringgit appreciated to 4.4250/4355 against the US dollar compared with yesterday’s close of 4.4300/4355. The greenback gained additional ground while…
PETALING JAYA: Malaysia’s wholesale and retail trade reached a new milestone in October, recording sales of RM150.1 billion, reflecting an increase 5.5% compared with the same period last year. The growth exceeded the 5% expansion in September, underscoring the sector’s resilience amid a stable economic environment. According to the Department of Statistics Malaysia (DoSM), the…
KUALA LUMPUR: Malaysia’s wholesale & retail trade sector grew by 5.5% to hit RM150.1 billion in October 2024, compared to the same period last year, according to Statistics Department Malaysia (DOSM). This growth exceeded the 5% expansion observed in September, underscoring the sector’s resilience amidst a stable economic environment. DOSM attributed the surge in sales…
KUALA LUMPUR: The ringgit started the day nearly flat against the United States dollar today, as cautious sentiments surrounding the current economic outlook saw some investors turning to safe-haven assets, according to an economist. At 8 am, the local currency stood at 4.4250/4315 against the US dollar, compared to yesterday’s close of 4.4250/4300. Bank Muamalat…
