Ringgit Closes Lower Amid Cautious Sentiment Over China Data, FOMC Minutes

KUALA LUMPUR, May 18 (Bernama) -- The ringgit closed lower against the US dollar on Monday, as cautious sentiment prevailed in the foreign exchange market.

99 Speed Mart Posts Higher Net Profit Of RM188.56 Mln In 1Q

KUALA LUMPUR, May 18 (Bernama) -- 99 Speed Mart Retail Holdings Bhd posted a higher net profit of RM188.56 million in the first quarter of its financial year ended March 31, 2026 (1Q 2026), compared with RM144.90 million in the same period last year.

Modon, Montage To Launch First Branded Residences In Egypt’s Ras El Hekma 

KUALA LUMPUR, May 18 (Bernama) -- Abu Dhabi-based Modon Holding and Montage Hotels & Resorts announced the launch of Montage Ras El Hekma, introducing the first branded residences for purchase at Ras El Hekma on Egypt’s Mediterranean coast.

Sabah Products’ Export Sales Potential Reaches RM95.9 Mln - Hajiji

KOTA KINABALU, May 16 (Bernama) -- The marketability of Sabah entrepreneurs’ products in international markets improved last year, with potential sales value reaching RM95.9 million.

Taiwan’s ALP Launches RM500 Mln Smart Cold Chain Facility In Shah Alam

KUALA LUMPUR, May 15 (Bernama) -- Taiwan property developer and operator of smart logistics infrastructure company, Ally Logistic Property (ALP), has launched its first purpose-built smart cold chain facility in Malaysia and second OMEGA project in the Klang Valley for approximately RM500 million.

Ringgit Closes Mostly Higher Against Major Currencies On Strong GDP Data

By Abdul Hamid A Rahman

KUALA LUMPUR, May 15 (Bernama) -- The ringgit closed mostly higher against major currencies after Bank Negara Malaysia announced that Malaysia’s economy expanded by 5.4 per cent in the first quarter of 2026 (1Q 2026), exceeding the advance estimate of 5.3 per cent, driven by robust domestic demand, investment activities and exports.

Ringgit Snaps Seven-day Rally Ahead Of 1Q GDP Data

KUALA LUMPUR, May 15 (Bernama) -- The ringgit snapped a seven-trading-day rally to ease against the US dollar as traders turned cautious ahead of Malaysia’s first-quarter (1Q) 2026 gross domestic product (GDP) announcement later today.

Malaysia Domestic Trade Activity Remains Robust Amid Geopolitical Uncertainties - KPDN

KUALA LUMPUR, May 14 (Bernama) -- Malaysia’s domestic trade activity remains resilient and continues to expand amid ongoing geopolitical uncertainties, according to the Ministry of Domestic Trade and Cost of Living (KPDN).

Public Bank's 1Q2026 Net Profit Up Slightly To RM1.75 Bln On Stronger Loan, Deposit Portfolios

KUALA LUMPUR, May 14 (Bernama) -- Public Bank Bhd’s net profit increased slightly to RM1.75 billion in the first quarter ended March 31, 2026 (1Q 2026), from RM1.74 billion in the same period last year, supported by continued expansion in its loan and deposit portfolios.

Sabah Port Congestion Now Systemic Logistics Issue, Says CILTM Sabah Chairman

LABUAN, May 13 (Bernama) -- Sabah has significant potential to strengthen its trade competitiveness and economic resilience by addressing long-standing logistics and port efficiency challenges, according to the Chartered Institute of Logistics and Transport Malaysia (CILTM) Sabah.

EMGA Secures US$25 Mln Financing For Vietnam’s EVF From OPEC Fund

KUALA LUMPUR, May 11 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has completed its first transaction for EVF General Finance Joint Stock Company (EVF) in Vietnam by securing US$25 million from the OPEC Fund for International Development (OFID). (US$1 = RM3.91)

Malaysia's Wholesale And Retail Trade Climbs 9.8 Pct To RM169 Bln In March 2026 -- DOSM

KUALA LUMPUR, May 11 (Bernama) -- Malaysia’s wholesale and retail trade climbed 9.8 per cent year-on-year in March 2026, with sales worth RM169 billion, supported by strong seasonal consumer demand, according to the Department of Statistics Malaysia (DOSM).