Ringgit Extends Gains As Govt Initiatives, US-Japan Trade Deal Lift Sentiment

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, July 23 (Bernama) -- The ringgit extended its gains against the US dollar at Wednesday’s close, lifted by the latest fiscal support measures announced by the government as foreign funds flocked into the local equity market, said an analyst.

The local currency was also supported by optimism following the US-Japan trade deal which boosted Asian equity and foreign exchange markets across the board.

Latest Fiscal Support Measures Positive For Consumer Sector -- CIMB Securities

KUALA LUMPUR, July 23 (Bernama) -- The latest fiscal support measures announced by Prime Minister Datuk Seri Anwar Ibrahim are expected to bolster Malaysia’s consumer sector by reinforcing near-term spending, particularly on essential goods and value-based retail, said CIMB Securities Sdn Bhd. 

Malaysia Committed To Advancing ASEAN Semiconductor Supply Chain Framework - Tengku Zafrul

KUALA LUMPUR, July 23 (Bernama) -- Malaysia, through platforms such as the upcoming ASEAN Semiconductor Summit (ASEMIS) 2025, is determined to advance the ASEAN Framework for Integrated Semiconductor Supply Chain and strengthen the region’s role in ensuring global tech security.

RON95 Targeted Subsidies, Postponed Toll Hike Ensure Mobility Remains Accessible For Rakyat -- Carsome

KUALA LUMPUR, July 23 (Bernama) -- The government’s decision to implement targeted subsidies for RON95 and to freeze toll rate hikes across key highways will ensure mobility remains accessible and affordable for the rakyat, said Carsome Group chief business officer Aaron Kee today.

Bursa Malaysia Gains At Midday As Fuel Price Assurance Boosts Consumer Stocks

KUALA LUMPUR, July 23 (Bernama) -- Bursa Malaysia ended the morning trading session in positive territory, supported by buying in selected counters, led by 99 SpeedMart, CIMB and Maybank.

RON95 Price Lowered To RM1.99 Per Litre After Targeted Subsidy, People Will Not Be Affected - PM Anwar

KUALA LUMPUR, July 23 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today announced that the price of RON95 petrol will drop following the planned targeting of fuel subsidies, thus giving assurances that the rakyat will not be affected.

Malaysia's Economy On The Right Track - PM Anwar

KUALA LUMPUR, July 23 (Bernama) -- Malaysia’s economy remains solid amidst the prevailing challenges, and the government will continue to strengthen its efforts to ease the people’s burden through the fourth MADANI Budget in October.

Government Defers Toll Hike On 10 Highways, To Shoulder RM500 Mln In Cost - PM Anwar

KUALA LUMPUR, July 23 (Bernama) -- The government has agreed to defer toll rate increases on 10 highways to allow the public to continue paying existing rates, Prime Minister Datuk Seri Anwar Ibrahim said today.

Claims Multibillion-ringgit Investments Failed Are Baseless - Anwar

PUTRAJAYA, July 21 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has dismissed claims that multibillion-ringgit investments have not produced any results.

Govt Succeeds In Reducing New Debt - Anwar

PUTRAJAYA, July 21 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said the government has succeeded in reducing the annual debt to RM77 billion in 2024 from RM99 billion in 2022.

Felda Reappoints Ahmad Shabery Cheek As Chairman

KUALA LUMPUR, July 21 (Bernama) -- The Federal Land Development Authority (Felda) has reappointed Datuk Seri Ahmad Shabery Cheek as chairman.

Malaysia Will Not Bow To External Pressure That Undermines National Policy -- Anwar

PUTRAJAYA, July 21 (Bernama) --  Prime Minister Datuk Seri Anwar Ibrahim has stressed that Malaysia will not bow to pressure that could undermine national policies, including negotiations with the United States (US) related to tariffs.