KUALA LUMPUR, June 29 — The ringgit is likely to trade in a narrow range of RM4.70 and RM4.71 against the US dollar in cautious trading next week, even as the greenback may slacken following the softer United States Personal Consumption Expenditures (PCE) data announcement.

KUALA LUMPUR, June 28 — The reaffirmation of Malaysia’s sovereign credit ratings and positive economic outlook by S&P Global Ratings and Fitch Ratings is “testament to the government’s responsible economic management and how the Madani Economy reform agenda is delivering positive results”, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, June 27 — Fitch Ratings has maintained Malaysia’s sovereign credit ratings at BBB+ with a “stable” outlook, underpinned by a diversified economy and export base.

KUALA LUMPUR, Dec 22 — Fitch Ratings expects Malaysian benchmark crude palm oil (CPO) spot prices to average at US$650 per tonne in 2024, substantially lower than circa-US$840 per tonne in 2023 due to higher supply.

KUALA LUMPUR, Oct 10 — Malaysia’s resilient domestic demand and a larger development expenditure outlined in the second phase of the 12th Malaysia Plan “will underpin robust medium-term growth of between  4 and 5 per cent,” according to Fitch Ratings.

KUALA LUMPUR, Aug 15 — Fitch Ratings believes the government will advance subsidy rationalisation, likely to initially focus on electricity and diesel, in Budget 2024 to be tabled in Parliament on October 13.

KUALA LUMPUR, Aug 2 — The ringgit continued its downtrend to close lower against the greenback today, along with other emerging currencies, as concern over the global economic outlook resulted in more investors shifting towards the safe haven, an analyst said.

ISTANBUL, June 2 — World trade is slowing sharply due to monetary tightening by central banks, fading fiscal support by governments, and weak demand for consumer goods, Fitch Ratings said Thursday (June 1) in a report.

KUALA LUMPUR, Dec 16 — Fitch Ratings has affirmed Malaysian Reinsurance Bhd’s (Malaysian Re) insurer financial strength (IFS) rating of ‘A’ (Strong) with a stable outlook.

KUALA LUMPUR, Dec 15 — Measures to restore the country’s credit rating following the decision by Fitch Ratings that have revised Malaysia’s credit rating will be raised at the Dewan Rakyat sitting today.

KUALA LUMPUR, Dec 5 — Fitch Ratings has downgraded Malaysia's long-term foreign-currency issuer default rating (IDR) to 'BBB+' from 'A-' with a stable outlook amid the impact of the Covid-19 crisis that has weakened not only Malaysia’s key credit metrics but also those of other countries.