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By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, Feb 12 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Thursday, weighed down by concerns that a stronger ringgit is dampening demand.
KUALA LUMPUR, Feb 12 (Bernama) -- MUFG Bank Ltd expects the ringgit to strengthen toward 3.70 against the US dollar by end-2026, underpinned by a more durable appreciation cycle driven by structural fundamentals.
KUALA LUMPUR, Feb 12 (Bernama)-- Petroliam Nasional Bhd (Petronas)’s wholly owned subsidiary, PC Oman Ventures Ltd (PCOVL), has signed a concession agreement with the Oman government and OQ Exploration and Production Batinah Offshore LLC (OQEP) as its partner for the exploration of oil and gas in Block 18.
KUALA LUMPUR, Feb 12 (Bernama) -- The Malaysian Rubber Board (LGM) is targeting the rehabilitation of 4,137 hectares of abandoned plantations this year and 2,750 hectares in 2027, involving smallholder farms and private estates nationwide, said the Ministry of Plantation and Commodities (KPK).
KUALA LUMPUR, Feb 12 (Bernama) -- Petronas has no plans to reduce oil and gas production in Sabah, despite the global oil and gas industry facing the challenge of a sharp drop in prices, said Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.
SINGAPORE, Feb 12 (Bernama) -- Singapore Prime Minister Lawrence Wong today presented Budget Statement 2026, focusing on advancing the nation’s refreshed economic strategy.
KUALA LUMPUR, Feb 12 (Bernama) -- Gold futures on Bursa Malaysia Derivatives extended gains to close higher on Thursday, mirroring strength in the US COMEX market.
KUALA LUMPUR, Feb 12 (Bernama) -- The government has disbursed compensation payments totalling RM11.8 million for delays in excess tax refunds for this year up to Feb 11, 2026.
KUALA LUMPUR, Feb 12 (Bernama) -- The government is optimistic of Malaysia’s ability to achieve encouraging economic performance in the fourth quarter of 2025 (4Q 2025) based on the current economic vibrancy, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
By Siti Noor Afera Abu
KUALA LUMPUR, Feb 12 (Bernama) -- The ringgit climbed to a fresh high of 3.8995 against the US dollar on Thursday, hovering near its strongest level in almost eight years.
KUALA LUMPUR, Feb 12 (Bernama) -- Bursa Malaysia finished today’s trading in negative territory, with the key index losing 0.32 per cent, while the broader market saw losers outnumbering gainers amid profit-taking and weak sentiment ahead of the Chinese New Year break next week.
KUALA LUMPUR, Feb 12 (Bernama) -- The Kuala Lumpur rubber market closed lower on Thursday, amid mixed crude oil prices, reflecting a stronger ringgit and weaker performances in regional rubber futures markets, a trader said.
