Ringgit Slips 0.4 Pct Against US Dollar, Opens Mostly Higher Against Other Basket of Currencies

By Harizah Hanim Mohamed

KUALA LUMPUR, Dec 19 (Bernama) -- The local currency traded 0.4 per cent weaker against the US dollar as the US Dollar Index rose further to 108.142 points following the United States (US) Federal Reserve's (Fed) decision to cut the Fed Funds Rate by 25 basis points last night.

Inaugural WIC Highlights Saudi’s Leadership In Global Investment Opportunities

KUALA LUMPUR, Nov 26 (Bernama) -- The 28th World Investment Conference (WIC) was officially launched today in Riyadh by Invest Saudi and the World Association of Investment Promotion Agencies (WAIPA).

Rafizi: 13MP To Focus On Talent Development Reforms

KANGAR, Nov 18 (Bernama) -- The 13th Malaysia Plan (13MP) emphasises a need for talent development reforms in the country to meet workforce needs in the high-income economic sector, said Economy Minister Rafizi Ramli.

Petroluxe To Invest RM3 Bln In Oil Refinery And Petrochemical Complex In Pahang

KUANTAN, Nov 13 (Bernama) -- Petroluxe Refinery (M) Sdn Bhd (Petroluxe), which is owned by investors from China, is expected to invest about RM3 billion to develop an integrated oil refinery and petrochemical complex on 23.96 hectares located in the Gebeng Industrial Area.

Malaysia Ramps Up Infrastructure To Strengthen Global Competitiveness

KUALA LUMPUR, Nov 13 (Bernama) -- Continuous investment in infrastructure projects is helping Malaysia strengthen its position as a regional trade and investment hub while boosting global competitiveness.

Malaysia To Monitor United States' New Economic Policy

GEORGE TOWN, Nov 11 (Bernama) -- Malaysia will monitor the new economic policies to be released by the upcoming United States (US) cabinet, following Donald Trump’s recent presidential election victory.

Narrowing Of Interest Rate Differentials Positive For Ringgit - BNM Governor 

KUALA LUMPUR, Nov 7 (Bernama) -- The narrowing of interest rate differentials between Malaysia and advanced economies is positive for the ringgit amid volatility in geopolitical developments, said Bank Negara Malaysia (BNM). 

Govt Adopting Pragmatic Approach In Economic Development - Rafizi

KUALA LUMPUR, Nov 6 (Bernama) -- The government is adopting a pragmatic approach in planning the country’s economic development, said Economic Minister Mohd Rafizi Ramli.

CGS Malaysia: Budget 2025 To Position Malaysia Competitively, Reinforce Its Global Leadership In Islamic Finance

KUALA LUMPUR, Oct 19 (Bernama) -- The government’s measures and incentives under Budget 2025 prioritise the nation’s competitiveness, especially in positioning Malaysia as an investment and business destination and a strong trading partner, said CGS Malaysia.

Forest City Secures Duty-free Island Status

KUALA LUMPUR, Oct 18 (Bernama) -- The government has approved Forest City as a Duty-Free Island to promote tourism and stimulate local economic activities, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar Unveils Substantial Budget 2025, Catalyzing Economy, Hastening Reforms

KUALA LUMPUR, Oct 18 (Bernama) -- Budget 2025 worth RM421 billion, the biggest in history, is strategically aligned with the MADANI Economy framework, focuses on attracting high-quality investments, stimulating business opportunities, undertaking projects for the wellbeing of the rakyat and not impacting their affordability in purchasing essential goods and services.

JS-SEZ Aims To Create Economic Synergy Between Malaysia And Singapore As A Global Hub - MoF

KUALA LUMPUR, Oct 18 (Bernama) -- The establishment of the Johor-Singapore Special Economic Zone (JS-SEZ) is set to enhance the economic landscape of both Malaysia and Singapore, positioning them as a global hub along a key shipping route, said the Ministry of Finance (MoF).