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By Karina Imran
KUALA LUMPUR, May 28 (Bernama) -- The ringgit opened mostly higher against major currencies today but eased slightly against the US dollar as investors stayed cautious over ongoing United States-Iran negotiations.
By Siti Radziah Hamzah
KUALA LUMPUR, May 26 (Bernama) -- Petroliam Nasional Bhd’s (Petronas) move to assume full ownership of the Pengerang Integrated Complex’s refining and petrochemical operations from Saudi Aramco could further cement Malaysia’s longer-term ambition of positioning Pengerang as a major regional hub for refining, storage, petrochemicals and trading.
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, May 26 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Tuesday, supported by the sharp gains in crude oil prices and weaker Malaysian palm oil production prospects, a trader said.
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, May 26 (Bernama) -- The ringgit closed lower against the US dollar on Tuesday, pressured by external developments following reports of United States and Israeli attacks on Iranian vessels in the Strait of Hormuz, which dampened regional market sentiment.
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, May 26 (Bernama) -- The Kuala Lumpur rubber market ended lower on Tuesday, dragged by mixed regional rubber futures markets, a dealer said.
By Danni Haizal Danial Donald
KUALA LUMPUR, May 26 (Bernama) -- Bursa Malaysia closed lower on Tuesday, as investors squared off positions ahead of the long holiday period amid heightened tensions between the United States and Iran.
ALOR SETAR, May 26 (Bernama) -- Leakage of subsidised fuel due to smuggling activities continues to pose a major threat to the country’s fiscal position, with the government estimated to be losing billions of ringgit annually following the misuse of subsidised diesel intended for local consumers, according to an economist.
KUALA LUMPUR, May 26 (Bernama) -- Bursa Malaysia stayed lower at midday, weighed down by persistent selling activities in selected heavyweights, led by utilities, telecommunications and media, as well as consumer products and services sectors.
By Danni Haizal Danial Donald
KUALA LUMPUR, May 26 (Bernama) -- Bursa Malaysia opened lower on Tuesday as early profit-taking emerged amid weaker crude oil prices, following signs of a potential de-escalation in tensions between the United States (US) and Iran.
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, May 25 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Monday, weighed down by weaker crude oil prices, a trader said.
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.
KUALA LUMPUR, May 25 (Bernama) -- Petroliam Nasional Bhd (Petronas) and Saudi Arabian Oil Company (Aramco) today announced the signing of an agreement for the transfer of the latter’s equity stakes, held via Aramco Overseas Company B.V., in Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd (collectively, PRefChem), located within the Pengerang Integrated Complex, Pengerang, Johor to Petronas.
