Ringgit Ends Higher Against Greenback On Concerns Over US Fiscal Health

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 21 (Bernama) -- The ringgit ended higher on Wednesday as concerns over the fiscal health of the United States continued to weigh on the greenback.

Malaysia's General Insurance Industry To Grow At 6.6 Pct CAGR From 2025-2029 -- GlobalData

KUALA LUMPUR, May 21 (Bernama) -- Malaysia’s general insurance industry is projected to grow at a compound annual growth rate (CAGR) of 6.6 per cent from RM24.6 billion in 2025 to RM31.8 billion by 2029 in terms of gross written premium (GWP), according to data and analytics company GlobalData.

Bursa Malaysia Opens Mixed

KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia opened mixed on Wednesday, amid a weaker Wall Street performance overnight. 

Ringgit Opens Higher Against Greenback On Weaker US Economic Outlook, Tariff Concerns

By Danni Haizal Danial Donald

KUALA LUMPUR, May 21 (Bernama) -- The ringgit opened stronger against the US dollar on Wednesday as the greenback weakened on a softer United States (US) economic outlook amid tariff concerns, an analyst said.

MITI Works Hard To Attract More High-quality Investments - Tengku Zafrul

KUALA LUMPUR, May 20 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) is working hard to attract more high-quality investments, especially in strategic sectors such as electrical and electronics (E&E), said its Minister, Tengku Datuk Seri Zafrul Abdul Aziz.

Sunway Construction’s 1Q Net Profit Soars To RM75.71 Mln

KUALA LUMPUR, May 20 (Bernama) -- Sunway Construction Group Bhd’s (SunCon) net profit for the first quarter ended March 31, 2025 (1Q 2025) surged to RM75.71 million, up from RM32.40 million in the same period last year.

Ringgit Closes Lower Against Greenback Despite Weaker US Dollar Index

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 20 (Bernama) -- The ringgit retreated against the greenback on Tuesday despite the weaker US dollar index (DXY) and lower US Treasury yields after the recent downgrade of the credit rating of the United States by Moody’s Ratings.

RHB Bank Cautious About Malaysia’s Export Outlook Despite April Surge

KUALA LUMPUR, May 20 (Bernama) -- RHB Bank Bhd has maintained a cautious outlook on Malaysia’s export performance despite a surge in April exports, citing persistent global uncertainties and potential risks from United States (US) tariff policy developments.

Rubber Market Ends Lower On Weaker Regional Futures Market

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, May 20 (Bernama) -- The Malaysian rubber market ended lower today, weighed down by weaker cues from regional rubber futures markets, a dealer said.

Ras Al Khaimah, Miami Sign MoU To Enhance Cooperation In Key Sectors 

KUALA LUMPUR, May 20 (Bernama) -- Ras Al Khaimah and the city of Miami, Florida, have signed a memorandum of understanding (MoU) to strengthen cooperation across various sectors of mutual interest.

MPOC Sees CPO Remaining At RM3,750 To RM4,050 Range In May Before Gradual Recovery

KUALA LUMPUR, May 20 (Bernama) -- Crude palm oil (CPO) prices are expected to remain in the range of RM3,750 to RM4,050 per tonne in May before gradually recovering, according to the Malaysian Palm Oil Council (MPOC).

Petronas Chemicals Reports 1Q 2025 Net Loss Of RM18 Mln Despite Higher Revenue

KUALA LUMPUR, May 20 (Bernama) -- Petronas Chemicals Group Bhd (PCG) reported a net loss of RM18 million in the first quarter ended March 31, 2025 (1Q 2025) due to unrealised foreign exchange losses, unfavourable net foreign exchange impact from the specialities segment, among others, despite recording a higher revenue of RM7.66 billion.