Petronas To Assume Full Ownership of Prefchem

KUALA LUMPUR, May 25 (Bernama) -- Petronas announced today that its subsidiary, Petronas Refinery and Petrochemical Corporation Sdn Bhd, is set to acquire the stake held by Saudi Arabian Oil Company (Aramco) in Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd (PRefChem), located within the Pengerang Integrated Complex, Pengerang, Johor.

B15 Implementation In Peninsular Malaysia Will Not Affect Palm Oil Exports -- Noraini

PUTRAJAYA, May 25 (Bernama) -- The B15 biodiesel implementation in Peninsular Malaysia starting June 1 is set to strengthen the country’s energy security without affecting palm oil export volume while also helping to support the local palm oil industry and accelerate the national green agenda.

Ringgit Opens Higher Against Greenback On Improved Sentiment

By Karina Imran

KUALA LUMPUR, May 25 (Bernama) -- The ringgit opened higher against the US dollar on Monday, supported by improved market sentiment amid investor optimism over possible progress in negotiations between the United States and Iran.

Bursa Malaysia Ends Higher On Bargain Hunting

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 22 (Bernama) -- Bursa Malaysia ended higher on Friday as bargain hunting resurfaced following several weak trading sessions. 

Petron Turns To Net Loss Of RM35 Mln In 1Q 2026

KUALA LUMPUR, May 21 (Bernama) -- Petron Malaysia Refining and Marketing Bhd turned to a net loss of RM35.04 million in the first quarter ended March 31, 2026 (1Q 2026), compared with a net profit of RM81.03 million in the same quarter last year.

CPO Prices To Hold Around RM4,400 Per Tonne In June 2026 - MPOC

KUALA LUMPUR, May 19 (Bernama) -- Crude palm oil (CPO) prices are expected to hold around RM4,400 per tonne in June 2026, supported by global biofuel policies, says the Malaysian Palm Oil Council (MPOC).

Iran Conflict May Boost Drilling Activities Off Sabah, Says Labuan O&G Player

LABUAN, May 15 (Bernama) -- The unresolved conflict involving Iran is expected to indirectly drive more active oil drilling activities in Sabah waters, said Labuan Chamber of Commerce (LCC) Oil and Gas Bureau chairman Masnawi Nawe.

Significant Opportunities For Malaysia, China To Deepen Collaboration In Palm Oil Sector -- Noraini

KUALA LUMPUR, May 12 (Bernama) -- Malaysia and China share significant opportunities to deepen collaboration in value-added industries for palm oil, particularly as demand continues to grow for sustainable, performance-driven, and application-specific palm-based products.

Ringgit Steady Against US Dollar Ahead Of MPC Decision

KUALA LUMPUR, May 5 (Bernama) -- The ringgit opened nearly unchanged against the US dollar from yesterday’s close as markets await the latest decision by Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC), scheduled for May 7.

Plantation Sector ROE Seen Remaining Robust In 2026–2027 On Strong CPO Prices, Supply Tightness -- Kenanga IB

KUALA LUMPUR, April 30 (Bernama) -- Return on equity (ROE) for the plantation sector is expected to remain robust in 2026–2027, supported by firm crude palm oil (CPO) prices amid supply tightness and the ongoing West Asia conflict, said Kenanga Investment Bank Bhd (Kenanga IB).

MOF Mulls More Targeted Diesel Subsidy Mechanism For Sabah, Sarawak -- Fahmi

KUALA LUMPUR, April 29 (Bernama) -- The Ministry of Finance (MOF) is studying the implementation of a more targeted diesel subsidy mechanism, similar to BUDI95, for Sabah and Sarawak, said MADANI government spokesperson Datuk Fahmi Fadzil.

Govt Moves To Boost Resilience, Ensure Energy Supply, Contain Costs - Akmal Nasrullah

KUALA LUMPUR, April 28 (Bernama) -- The government is not only focused on stabilising prices, but also on ensuring a secure energy supply and the availability of essential goods, said Economy Minister Akmal Nasrullah Mohd Nasir.