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The ringgit should start to strengthen against the US dollar from the second quarter of next year onwards and settle at the 4.40 level in the fourth quarter of 2023, Malaysian news agency Bernama reported, citing a note released by AmBank Research.

The shortage of foreign workers needs be resolved soon, the National Recovery Council (NRC) said on October 31.

Malaysian Health Minister Khairy Jamaluddin on October 31 recommended Malaysians to continue wearing face masks as the country is experiencing a small wave of COVID-19 infections, after an increase in case numbers.

Malaysia’s ratification of the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) has opened a great chance for Vietnam and Malaysia to further promote their trade cooperation, especially in export.

COVID-19 infection was the principal cause of death in Malaysia in 2021, at 31,063 deaths from the total of 157,251 medically certified fatalities reported, according to the Department of Statistics Malaysia (DOSM).

Malaysia’s King, Sultan Abdullah Ahmad Shah, will make a three-day state visit to Singapore from October 25-28 at the invitation of President Halimah Yacob.

Malaysia’s ringgit further weakened against the US dollar on October 21, closing the week at a new all-time low of 4.738 due to the absence of fresh market catalyst, analysts said.

Malaysia has agreed with the recent implementation of oil production cut of 2 million barrels per day by the Organisation of the Petroleum Exporting Countries and allies (OPEC+) with effect from this November.

The labour market in Malaysia continued to improve further in August with the latest unemployment rate at a pandemic low of 3.7% year-on-year.

The International Monetary Fund (IMF) has raised Malaysia’s economic growth forecast for the year from 5.1% to 5.4% in its latest World Economic Outlook report.

A delegation from the Mekong Delta city of Can Tho led by Chairman of the People’s Committee Tran Viet Truong held a working session with the Vietnamese Embassy in Malaysia on October 10.

Malaysia and Japan have agreed to upgrade their strategic partnership to comprehensive strategic partnership, said Malaysian Foreign Minister Datuk Seri Saifuddin Abdullah.

Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob has expressed his confidence that the Malaysian economy will not be badly affected compared with other countries although there is a global economic slowdown.

Malaysian Prime Minister Ismail Sabri Yaakob announced on October 10 that parliament has been dissolved, paving the way for national elections to be held before the end of the year.