News
Malaysia’s 2025 exports hit RM1.45 trillion as of November
3+ hour, 55+ min ago (287+ words) Total trade hit RM2.77 trillion for the same period, Bernama reported. Malaysia External Trade Development Corporation (Matrade) chairman Reezal Merican Naina Merican said this marks the fifth consecutive year Malaysia has broken the trillion-ringgit trade barrier, putting the country on track…...
US stocks edge lower from records as precious metals surge
1+ day, 9+ hour ago (258+ words) Silver topped US$75 an ounce for the first time, while gold also pushed to a fresh record price, with geopolitical risk elevated as US military and economic pressure on Venezuela persists. Precious metals have surged in 2025 as uncertainty about US…...
Selangor aims to become economically developed state, says MB
1+ mon, 1+ week ago (292+ words) To become a truly economically developed state, we have to up our game to optimise both business and people-centred processes," he said at the Selangor Investment Awards 2023-2024 ceremony last night. Amirudin said his government will focus on improving efficiency to…...
Ringgit retreats after 5-day rally amid mixed Fed signals
1+ mon, 4+ week ago (278+ words) Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said that although the Fed had delivered a 25 basis points rate cut, the decision was not unanimous. "One member voted to maintain the Fed funds rate, while another preferred a 50 basis points…...
Fed’s Waller sees rate cuts over next 3-6 months, starting in September
3+ mon, 4+ week ago (662+ words) Based on what I know today, I would support a 25 basis point cut" at the upcoming Sept 16-17 meeting of the rate-setting Federal Open Market Committee, he told the Economic Club of Miami. While there are signs of a weakening labor…...
Ringgit rises on stronger odds of US rate cut
4+ mon, 2+ week ago (277+ words) At 8 am, the local note rose to 4.2205/4.2405 against the greenback from yesterday's close of 4.2340/4.2385. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said US initial jobless claims increased more than expected to 226,000 last week, above market forecasts of 221,000. He said…...
AI gains, strong earnings support Wall Street as tariff woes linger
4+ mon, 3+ week ago (671+ words) With results in from 297 of the S&P 500 companies as of Thursday, year-on-year earnings growth for the second quarter is now estimated at 9.8%, up from 5.8% estimated growth on July 1, according to LSEG data. Next week investors will get a peek…...
Align annual budgets with Malaysia Plans for effective implementation, says economist
4+ mon, 4+ week ago (233+ words) The economist noted that in past planning cycles, the country often suffered from a disconnect between long-term strategic plans and short-term fiscal implementation. He also said he was looking forward to seeing how the Madani Economy framework, which celebrated its…...
Ringgit ends lower as BNM cuts GDP projection
4+ mon, 4+ week ago (380+ words) The central bank has revised Malaysia's 2025 GDP growth to 4%-4.8% from 4.5%-5.5% previously, and similarly, the inflation rate for 2025 is projected to range between 1.5% and 2.3% from the previous forecast of 2%-3.5%. Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said BNM is…...
Argentina’s Milei slashes duties on key agricultural exports
5+ mon, 1+ day ago (210+ words) The libertarian leader made the announcement in a speech to hundreds of farmers in Buenos Aires after promising the cuts during his presidential campaign with the ultimate goal of scrapping them completely. According to official figures, the agricultural sector represents…...