KOTA KINABALU, April 29 (Bernama) -- The Sabah state government has established a special committee to study the need for targeted subsidies as an effort to assist sectors affected by the rise in global oil prices, said Deputy Chief Minister II Datuk Seri Masidi Manjun.
By K. Naveen Prabu
KUALA LUMPUR, April 29 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today, supported by expectations of tighter supply amid concerns over a potential decline in Indonesia’s output this year, an analyst said.
KUALA LUMPUR, April 29 (Bernama) -- Global demand for international air cargo, measured in cargo tonne-kilometres (CTK), fell by 4.8 per cent in March this year compared with March 2025 levels (-5.5 per cent for international operations), said the International Air Transport Association (IATA).
KUALA LUMPUR, April 29 (Bernama) -- Ascend Airways Malaysia Sdn Bhd has clarified that its operations remain unaffected by developments involving its United Kingdom (UK)-based counterpart, Ascend Airways Ltd.
LABUAN, April 29 (Bernama) -- Labuan’s duty-free status should be given equal consideration for full restoration, in line with the proposal being studied for Langkawi, to support the island’s tourism, retail and business sectors, the Labuan Corporation (LC) Advisory Council said.
KUALA LUMPUR, April 29 (Bernama) -- The banking industry is encouraging micro, small and medium enterprises (MSMEs) affected by the ongoing West Asia conflict to engage with their respective banks at an early stage to explore suitable solutions, including repayment assistance, restructuring, and working capital support.
KUALA LUMPUR, April 29 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, following the weaker performance of gold futures in the US COMEX.
By Abdul Hamid A Rahman
KUALA LUMPUR, April 29 (Bernama) -- The ringgit closed higher against the US dollar and regional currencies, due to easing crude oil concerns following the United Arab Emirates’ (UAE) exit from the Organization of the Petroleum Exporting Countries (OPEC) pact.
KUALA LUMPUR, April 29 (Bernama) -- The Ministry of Finance (MoF) has confirmed that guidelines have been issued to ministries and agencies to restructure operating expenditure.
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, April 29 (Bernama) -- Bursa Malaysia ended on a softer note today, as investors took profit in oil-related counters following news of the United Arab Emirates’ (UAE) decision to withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) and its allies.
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.
KUALA LUMPUR, April 29 (Bernama) -- Understanding how global energy shocks transmit through production and supply chain networks is the key policy challenge for ASEAN economies, particularly in the wake of disruptions linked to the Iran-Strait of Hormuz.
