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Ringgit Opens Higher Against Greenback On Weaker US Economic Outlook, Tariff Concerns

By Danni Haizal Danial Donald

KUALA LUMPUR, May 21 (Bernama) -- The ringgit opened stronger against the US dollar on Wednesday as the greenback weakened on a softer United States (US) economic outlook amid tariff concerns, an analyst said.

RHB Bank Cautious About Malaysia’s Export Outlook Despite April Surge

KUALA LUMPUR, May 20 (Bernama) -- RHB Bank Bhd has maintained a cautious outlook on Malaysia’s export performance despite a surge in April exports, citing persistent global uncertainties and potential risks from United States (US) tariff policy developments.

MIGHT Launches Four Strategic Reports To Guide Policymakers, Investors And Industry Players

LANGKAWI, May 20 (Bernama) -- The Malaysian Industry-Government Group for High Technology (MIGHT) has launched four strategic industry reports aimed at guiding policymakers, investors, and industry players in identifying opportunities, risks, and mitigation strategies.

Petronas Chemicals Reports 1Q 2025 Net Loss Of RM18 Mln Despite Higher Revenue

KUALA LUMPUR, May 20 (Bernama) -- Petronas Chemicals Group Bhd (PCG) reported a net loss of RM18 million in the first quarter ended March 31, 2025 (1Q 2025) due to unrealised foreign exchange losses, unfavourable net foreign exchange impact from the specialities segment, among others, despite recording a higher revenue of RM7.66 billion.

Bursa Malaysia Kicks Off Higher, Mirrors Wall Street Gains

KUALA LUMPUR, May 20 (Bernama) -- Bursa Malaysia opened slightly higher on Tuesday, rebounding from yesterday’s decline as investors tracked an overnight rally on Wall Street.

2025 Vietnam ESG Investor Conference Spurs Action On Sustainability, Net-Zero Goals

KUALA LUMPUR, May 19 (Bernama) -- The 2025 Vietnam ESG Investor Conference recently concluded with over 500 attendees, including investors, government officials, business leaders, small and medium enterprises (SMEs), multinationals, academics, and media, gathering to explore trade, investment, and sustainable growth.

Gold Futures Seen Higher Next Week At Between US$3,200-US$3,250

By Abdul Hamid A Rahman

KUALA LUMPUR, May 17 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade higher next week, within the range of US$3,200-US$3,250, due to concerns over the US fiscal situation, said SPI Asset Management managing partner Stephen Innes.

Any Revision In GDP Will Be Based On Data, Not Assumptions - BNM Governor

KUALA LUMPUR, May 16 (Bernama) — Bank Negara Malaysia (BNM) acknowledges the need to revise the gross domestic product (GDP) growth forecast for 2025 amid the global economic uncertainty, but prefers to avoid making revisions based on assumptions, said BNM governor Datuk Seri Abdul Rasheed Ghaffour.

Malaysian Economy Expands 4.4 Pct In 1Q, Anchored By Household Spending

KUALA LUMPUR, May 16 (Bernama) -- The Malaysian economy expanded by 4.4 per cent in the first quarter of 2025 (1Q 2025), driven by sustained household spending supported by favourable labour market conditions and government policies, compared to 4.2 per cent in 1Q 2024.

APEC's Role More Crucial Amid Global Trade Uncertainty - Korea's Trade Minister 

KUALA LUMPUR, May 16 (Bernama) -- The Asia-Pacific Economic Cooperation (APEC) region continues to play a vital role in shaping the global economy and trade landscape, said South Korea’s Minister for Trade, Inkyo Cheong.

APEC Forecasts Slower Regional Growth Of 2.6 Pct In 2025

KUALA LUMPUR, May 15 (Bernama) -- Economic growth across the Asia-Pacific Economic Cooperation (APEC) region is projected to moderate to 2.6 per cent in 2025 and 2.7 per cent in 2026, marking a significant decline from the 3.6 per cent recorded in 2024, according to the latest report by the APEC Policy Support Unit.

Research Firms Raise Malaysia’s 1Q 2025 GDP Forecast To 4.5-4.6 Pct

KUALA LUMPUR, May 14 (Bernama) -- Research firms have projected a higher gross domestic product (GDP) of between 4.5 and 4.6 per cent from 4.4 per cent previously for the first quarter of 2025 (1Q 2025), ahead of this Friday’s announcement.