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Ringgit Opens Higher Against US Dollar, Major Currencies

By Siti Noor Afera Abu & Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, July 20 (Bernama) -- The ringgit opened higher against the US dollar and major currencies on Monday, supported by stronger-than-expected advance estimates showing Malaysia's economy expanded faster in the second quarter (2Q) of 2026.

Petroleum Reserve Should Be Part Of A Broader Economic Security Strategy -- Economist

KUALA LUMPUR, July 19 (Bernama) -- A renowned economist has cautioned that a national petroleum reserve should not be a standalone energy initiative but rather be one component of a broader economic security strategy encompassing food security, critical minerals, semiconductors and digital infrastructure.

CIMB Revises 2H 2026 GDP Forecast To 4.1 Pct, Raises 2026 GDP Projection To 4.8 Pct

KUALA LUMPUR, July 18 (Bernama) -- CIMB Treasury and Markets Research has revised its second-half 2026 (2H 2026) gross domestic product (GDP) forecast to 4.1 per cent and raised its full-year 2026 projection to 4.8 per cent from 4.3 per cent, tracking a stronger outturn in the second quarter (2Q) of 2026.

Syamsul Farizz Appointed New ECERDC CEO, To Lead ECER 2030 Agenda

PUTRAJAYA, July 18 (Bernama) -- The Ministry of Economy today announced the appointment of Syamsul Farizz Nadzeri as the new chief executive officer (CEO) of the East Coast Economic Region Development Council (ECERDC).

KWAP Continues Pursuing All Avenues To Maximise Recovery Of Its Investment In eFishery

KUALA LUMPUR, July 18 (Bernama) --  The Retirement Fund (Incorporated) (KWAP) says that it is continuing to pursue all available avenues to maximise the recovery of its investment in eFishery.

EPF, Fahmi Discuss Opportunities To Advance Financial, Retirement Literacy

KUALA LUMPUR, July 18 (Bernama) -- The Employees Provident Fund (EPF), which recently paid a courtesy visit to Communications Minister Datuk Seri Fahmi Fadzil, explored opportunities for closer strategic collaboration to advance financial and retirement literacy. 

Fujifilm Eyes M&A, Partnerships To Expand Solutions Business In Malaysia

KUALA LUMPUR, July 18 (Bernama) -- Fujifilm Business Innovation Corp is looking for opportunities to expand its business solutions segment in Malaysia through new business ventures, joint ventures and mergers and acquisitions (M&A), as businesses in the country increasingly embrace digital transformation.

Gold Futures Seen Trading Sideways With Slight Downward Bias Next Week

KUALA LUMPUR, July 18 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade sideways with a slight downward bias next week.

CPO Futures Set To Trade With Bearish Bias Next Week Amid Energy Price Volatility

KUALA LUMPUR, July 18 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade with a bearish bias next week amid volatility in energy prices.

Ringgit Expected To Trade At RM4.06-RM4.08 Next Week

KUALA LUMPUR, July 18 (Bernama) -- The ringgit is expected to trade within the RM4.06-RM4.08 range against the US dollar next week amid cautious market sentiment and continued geopolitical uncertainties.

KLCI Futures Seen In 1,720-1,750 Range Next Week

KUALA LUMPUR, July 18 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures are expected to trade with a mildly positive bias within the 1,720-1,750 range, said an analyst.

Profit-taking Seen For Bursa Malaysia Next Week After Recent Strong Gains

KUALA LUMPUR, July 18 (Bernama) -- Bursa Malaysia is expected to trade in a more modest range next week as investors engage in profit-taking following this week’s strong rally.