Bursa Malaysia To Remain In Consolidation Mode Next Week On US Trade Uncertainty

KUALA LUMPUR, Feb 15 (Bernama) -- Bursa Malaysia is expected to remain in a consolidation phase next week until greater clarity on the US trade policy emerges.

Ringgit To Trade Cautiously Ahead Of FOMC Minutes

By Zufazlin Baharuddin

KUALA LUMPUR, Feb 15 (Bernama) -- The ringgit is expected to trade cautiously against the US dollar next week ahead of the release of the Federal Open Market Committee (FOMC) meeting minutes on Feb 20.  

5.1 Pct GDP Growth In 2024 Reflects MADANI Govt's Determination To Boost Economy

KUALA LUMPUR, Feb 14 (Bernama) -- The 5.1 per cent gross domestic product (GDP) growth achieved in 2024, which exceeds the initial official forecast of four to five per cent, reflects the MADANI government’s confidence and determination to turn around the Malaysian economy, said the Ministry of Finance (MoF).

Late Buying In Banks Helps Bursa Malaysia To End With Modest Loss

KUALA LUMPUR, Feb 14 (Bernama) -- Bursa Malaysia pared most of its losses to close marginally lower today, supported by late buying in banks after heavy selling in CelcomDigi earlier, amid continued weak market sentiment due to the US trade policies.

RHB Maintains Malaysia’s 2025 GDP Growth Forecast At 5.0 Pct

KUALA LUMPUR, Feb 14 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has maintained its forecast for Malaysia's gross domestic product (GDP) growth at 5.0 per cent in 2025, driven by ongoing multi-year projects, rising household incomes, and improving global monetary conditions.  

Headline, Core Inflation Edge Lower To 1.8 Pct In 2024

KUALA LUMPUR, Feb 14 (Bernama) -- Malaysia’s headline and core inflation for 2024 both declined to 1.8 per cent in 2024, compared with 2.5 per cent and 3.0 per cent respectively in 2023.

Malaysia’s Economy Grows 5.1 Pct in 2024, In Line With Govt's Target

KUALA LUMPUR, Feb 14 (Bernama) -- The Malaysian economy grew by 5.1 per cent in 2024, up from 3.6 per cent in 2023, aligning with the government’s target of 4.8 per cent to 5.3 per cent year-on-year.

Gold Futures Close Higher After Higher-Than-Expected US Inflation Report

By Zufazlin Baharuddin

KUALA LUMPUR, Feb 13 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher today after the inflation report from the United States exceeded expectations, leading to increased safe-haven demand.

MIDF Sees Malaysia's Fourth Quarter GDP Growth At 4.8 Pct

KUALA LUMPUR, Feb 13 (Bernama) -- MIDF Amanah Investment Bank Bhd sees Malaysia’s gross domestic product (GDP) growth for the fourth quarter of 2024 (4Q 2024) at 4.8 per cent, similar to the government’s advance estimate.

Ringgit Ends Higher After Correcting Oversold Position

By Zufazlin Baharuddin

KUALA LUMPUR, Feb 13 (Bernama) -- The ringgit ended higher against the US dollar today as the local note corrected from its oversold position.

Bursa Malaysia Slides As US Inflation Data Strengthens Fed Rate-hold Outlook

KUALA LUMPUR, Feb 13 (Bernama) -- Bursa Malaysia ended with notable declines as the latest United States inflation data strengthened expectations that the Federal Reserve (Fed) would maintain interest rates.

Rubber Market Ends Higher On Regional Futures Uptrend

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Feb 13 (Bernama) -- The Kuala Lumpur rubber market ended higher today, supported by the uptrend in regional rubber futures markets, a dealer said.