SGDMYR SGD/MYR
- 3.48290
- -0.00150-0.04%
SGD/MYR News
May 2024's 3.3% Unemployment Rate Stable Backed By Growth, External Sector Recovery: DOSM
The unemployment rate in May 2024 stood at 3.3 per cent, with the number of unemployed reduced further to 566.1 thousand persons, the Department of Statistics Malaysia (DOSM) reported today in the release on Statistics of the Labour Force, Malaysia, May 2024.
Malaysian MADANI Economy On Firm Ground In The Runup To Budget 2025, Anwar Says
Prime Minister Datuk Seri Anwar Ibrahim today said among Malaysia's initial achievements this year include, S&P Global Ratings and Fitch Ratings have maintained Malaysia's sovereign credit ratings at A- and BBB+, respectively, with a "Stable" outlook.
Malaysia's International Reserves Total $113.8 Billion as at June 28
The international reserves of Bank Negara Malaysia stood at $113.8 billion as at June 28, the central bank announced Friday. The reserves position is enough to finance 5.4 months of imports of goods a
Selangor Projects Lower Growth Of 5.2% But Higher Than Country's Estimation
Selangor had projected a lowe growth rate of 5.2 percent this year compared to last year but remains higher compared to the country's estimation of 4-5%, this was shared by Menteri Besar Dato' Amirudin Shari when tabling the First Selangor Plan (RS-1) mid-term review today.
All States Resilient With Some Exceeding GDP Growth Of 3.6% Last Year: DOSM
In 2023, Malaysia's economy expanded moderately with all states recorded favourable positive growths for the year Malaysia's economy expanded by 3.6 per cent in 2023, reaching a GDP of RM1.6 trillion.
Bank Negara Malaysia Likely to Stand Pat at July Meeting -- Market Talk
Malaysia's central bank is expected to maintain its benchmark interest rate at 3.0% in July and throughout 2024, BMI says in a note.
Ringgit Shows Strength Against Regional Currencies Despite Slight Depreciation
MIDF highlighted that the US dollar closed stronger in June 2024, with the DXY dollar index rising by 1.1% month-on-month to 105.87.
Malaysia's Manufacturing Pmi at 49.9 in June 2024 -- S&p Global
The seasonally adjusted sS&P Global Malaysia manufacturing purchasing managers' index (PMI) was at 49.9 in June 2024.
Malaysia's Manufacturing Activity Contracts Slightly in June
Malaysia's manufacturing activity contracted in June as overall demand remained subdued, S&P said in a report Monday.
A Look At May's Detailed Monetary, Financial Developments
Bank Negara Malaysia shared details on monetary and financial developments that took place in May where the Central Bank noted that headline inflation edged higher to 2% in May (April 2024: 1.8%).
Malaysia Producer Prices Cool in May
Malaysia's producer price index (PPI) rose 1.4% in May on year, and declined 0.9% from April, reported the Ministry of Economy (MOE) on Thursday.
Malaysia's Inflation Quickens to 2.0% in May
Malaysia's headline inflation quickened in May due to higher utility prices and dining out expenses, according to a report by the country's statistics department on Wednesday.
Malaysia's Economic Growth May Hit 5% in 2Q, RHB Says -- Market Talk
Malaysia's GDP growth may accelerate to 5% on year in 2Q, and maintain that pace in 3Q thanks to both external and internal drivers, RHB economist Chin Yee Sian says in a note.
Ringgit Strengthens on Rate Hold Expectations
The ringgit strengthened against the US dollar at the opening today, bolstered by expectations that Bank Negara Malaysia (BNM) willmaintain the overnight policy rate (OPR) at 3.00 per cent due to higher inflation in May 2024.
Malaysia's Inflation May Remain Manageable in 2024 -- Market Talk
Malaysia's inflation may remain manageable this year due to the diesel subsidy rationalization and the impending RON95 subsidy cut before rising in 2025, CIMB Securities economist Vincent Loo says.
Malaysia's Inflation Still Looks Manageable Despite Uptick -- Market Talk
Malaysia's inflation looks manageable despite May's uptick, Barclays economist Brian Tan says.
RINGGIT OPENS HIGHER AGAINST US DOLLAR
At 9.10 am, the ringgit was trading at 4.7075/7110 versus the greenback, compared with Monday's close of 4.7110/7150.
Malaysia's Consumer Inflation Likely Edged Higher in May -- Market Talk
0305 GMT - Malaysia's consumer-price index likely rose 1.9% on year in May, slightly higher than April's 1.8%, according to the median estimate of five economists polled by The Wall Street Journal.
Malaysia's Trade Surplus Narrows 35% in May; Exports, Imports Beat Estimates
Malaysia's trade balance continued to be a surplus of 10.1 billion ringgit, albeit plunging 35.4% from 15.7 billion ringgit a year earlier, according to data released by the country's Department of St
Singapore, Malaysia Near Final Pact for Special Economic Zone
Singapore and Malaysia are close to finalizing plans to develop a special economic zone that seeks to boost trade and connectivity.