KUALA LUMPUR, May 12 (NNN-Bernama) — Malaysia is on track to achieve its gross domestic product (GDP) growth target of between 4 and 5.0 per cent this year, said central bank, Bank Negara Malaysia (BNM). Governor Nor Shamsiah Mohd Yunus said the growth would be anchored by firm domestic demand amid a…

KUALA LUMPUR, May 12 (NNN-Bernama) — Malaysia’s economy recorded a better-than-expected expansion of 5.6 per cent in the first quarter of 2023 (1Q 2023) driven mainly by private sector expenditure. Bank Negara Malaysia (central bank) governor  Nor Shamsiah Mohd Yunus said the growth in 2023 was supported by further expansion of household…

KUALA LUMPUR, May 12 (NNN-Bernama) — Malaysia’s current account balance (CAB) continued to record a surplus of RM4.3 billion (US$961 mln) or 1.0 per cent of the gross domestic product (GDP) in the first quarter of 2023 (1Q 2023), down from RM27.5 billion (US$6.15 billion) (5.9 per cent of GDP) in the…

By Sharifah Pirdaus Syed Ali KUALA LUMPUR, May 12 (NNN-Bernama) — Malaysian ringgit opened lower against the US dollar in the early session Friday as the greenback stayed firmer following the release of the United States (US) Producer Price Index (PPI). At 9 am, the local note fell to 4.4735/4790 versus the US dollar from Thursday’s…

KUALA LUMPUR, May 12 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened mixed on Friday as investors appeared to trade cautiously following Wall Street’s negative performance, as sentiments turned fragile over mounting concerns about the US debt ceiling and stability of the banking industry. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 3.72 points to 1,428.90 from Thursday’s close of 1,428.90. However, market…