Ringgit Opens Higher As Weaker US Data Weighs On Dollar
KUALA LUMPUR, July 31 (Bernama) -- The ringgit opened higher against the US dollar on Friday as the greenback weakened following softer United States (US) economic data, an analyst said.
| LATEST NEWS | ASEAN Cup 2026: Vietnam 2-0 Malaysia | |
KUALA LUMPUR, July 31 (Bernama) -- The ringgit opened higher against the US dollar on Friday as the greenback weakened following softer United States (US) economic data, an analyst said.
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, July 30 (Bernama) -- Malaysia's record trade performance in 2025 reflects its position as a strategic trade and manufacturing hub amid global supply chain realignment, although the country needs to strengthen domestic value-added exports to sustain long-term competitiveness, said AmBank Group chief economist Firdaos Rosli.
By Zufazlin Baharuddin
KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's decision to stand pat on interest rates weighed on broader sentiment.
KUALA LUMPUR, July 30 (Bernama) -- Malaysia has remained a preferred destination for foreign companies due to its strategic position and neutrality in the global geopolitical landscape as well as access to a wide range of markets, contributing to RM1.14 trillion in approved investments over the three years under the MADANI Government.
KUALA LUMPUR, July 30 (Bernama) -- Malaysia's micro, small and medium enterprises (MSMEs) are well positioned to tap ASEAN's 680-million-consumer market under the proposed Digital Economy Framework Agreement (DEFA), supported by their high level of digital adoption, Deputy Investment, Trade and Industry Minister Sim Tze Tzin said.
KUALA LUMPUR, July 30 (Bernama) -- Malaysia recorded strong trade performance in 2025, with total trade up by 6.3 per cent, or RM182.4 billion, to RM3.1 trillion year-on-year (y-o-y) in line with the rise in both exports (6.6 per cent) and imports (6 per cent).
KUALA LUMPUR, July 30 (Bernama) -- Business leaders from nearly 30 European companies will visit Kuala Lumpur next week to meet Investment, Trade and Industry Minister Johari Abdul Ghani and senior government officials, as negotiations on the Malaysia-European Union (EU) Free Trade Agreement (FTA) advance towards a targeted conclusion in 2027.
KUALA LUMPUR, July 30 (Bernama) -- Perbadanan Usahawan Nasional Bhd (PUNB) has introduced and enhanced three specialised financing programmes, which are expected to benefit 220 entrepreneurs, with a total allocation of RM80 million to help bumiputera entrepreneurs secure capital faster, strengthen cash flow, and expand their business capacity.
KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia opened lower on Thursday, taking cues from dampened sentiment on US Wall Street after the US Federal Reserve (Fed) kept interest rates steady at its latest Federal Open Market Committee (FOMC) meeting.
KUALA LUMPUR, July 29 (Bernama) -- Total demand of global air cargo, measured in cargo tonne-kilometres, increased by 8.5 per cent in June 2026, compared to June 2025 levels, according to the International Air Transport Association (IATA). International operations saw a 9.6 per cent increase.
PETALING JAYA, July 29 (Bernama) -- ASEAN requires massive, sustained and structured capital to build solar farms, upgrade grids, install battery storage, and upskill workers, as national governments cannot bear this burden alone, said Prime Minister Datuk Seri Anwar Ibrahim.
KUALA LUMPUR, July 29 (Bernama) -- AGC Biologics announced that ahead of the official opening of its Yokohama site, an international biopharmaceutical company has secured half of the facility’s mammalian manufacturing capacity through a multi-year commercial contract expected to be worth hundreds of millions of dollars.