Oil Rebounds As Markets Track US-Iran Ceasefire, Hormuz Situation

KUALA LUMPUR, April 9 (Bernama) -- Oil prices rebounded towards US$100 per barrel amid lingering uncertainty over the two-week United States-Iran ceasefire and Iran’s renewed closure of the Strait of Hormuz following Israeli strikes on Lebanon.

CPO Futures End Lower, Tracking Crude Oil Weakness

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, April 8 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Wednesday, mirroring the decline in oil prices following the ceasefire announced by the United States and Iran, said Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa.

Bursa Malaysia Ends Higher, CI Jumps 1.16 Pct As US-Iran Ceasefire Lifts Sentiment

By Siti Radziah Hamzah

KUALA LUMPUR, April 8 (Bernama) -- Bursa Malaysia ended broadly higher, with the benchmark index rising 1.16 per cent to close near the 1,700 mark, supported by positive sentiment following news of a two-week ceasefire between the United States (US) and Iran, which includes Tehran allowing safe passage through the Strait of Hormuz.

Oil Price Dips Below US$100 Per Barrel On Ceasefire Talks, Upside Risks Remain

By Siti Radziah Hamzah

KUALA LUMPUR, April 8 (Bernama) -- Oil prices fell below US$100 per barrel as the United States and Iran agreed to a two-week ceasefire in exchange for Tehran allowing safe passage through the Strait of Hormuz. 

Bursa Malaysia Higher At The Opening

KUALA LUMPUR, April 8 (Bernama) -- Bursa Malaysia opened higher on Wednesday amid a cautious undertone, in line with most regional markets, after US President Donald Trump suspended planned strikes on Iranian infrastructure for two weeks.  

Weststar Unaffected By West Asia Crisis After Exiting Region

KUALA LUMPUR, April 6 (Bernama) -- Weststar Group is not affected by the West Asia crisis, having exited its offshore transportation operations in the region since late last year.

Hassan Marican Appointed As Chairman Of Crisis Management Task Force - Fahmi

KUALA LUMPUR, April 3 (Bernama) -- Tan Sri Mohd Hassan Marican has been appointed as the chairman of the Crisis Management Task Force (PPPK) under the National Economic Action Council (MTEN) to coordinate the government's efforts to address the global energy crisis following the conflict in West Asia.

Bursa Malaysia Ends Morning Session Lower As Global Conditions Remain Uncertain

KUALA LUMPUR, April 2 (Bernama) -- Bursa Malaysia stayed in negative territory at midday in tandem with regional peers, given that global conditions remain uncertain as conflicting narratives continue to cloud prospects for a resolution to the West Asia conflict. 

Ringgit Retreats To 4.00 Versus US Dollar Amid West Asia Ceasefire Uncertainties

By Danni Haizal Danial Donald

KUALA LUMPUR, March 27 (Bernama) -- The ringgit retreated to the 4.00 level against the US dollar at noon, as risk-off mode dominated market sentiment due to growing scepticism over a ceasefire in Iran after United States (US) President Donald Trump indicated that he would not commit to a deal with Tehran.

Move To Adjust BUDI95 Quota Temporarily A Reasonable Step To Reduce Subsidy Payout, Govt Spending

By Mikhail Raj Abdullah

KUALA LUMPUR, March 26 (Bernama) -- Malaysians should accept the government’s temporary adjustment of the monthly subsidised BUDI95 quota to 200 litres from 300 litres per month effective April, as a reasonable step to reduce fuel subsidy spending and one that is necessary due to escalating crude oil prices.

European Stocks Close On Strong Note On Hopes Of US-Iran Peace Deal

FRANKFURT, March 26 (Bernama-dpa-AFX) -- European stocks closed on a strong note on Wednesday, as the mood turned a bit bullish amid some hopes of a de-escalation in tensions in West Asia, dpa-AFX reported. 

Ringgit Opens Higher Versus Greenback For Third Consecutive Day

By Danni Haizal Danial Donald

KUALA LUMPUR, March 26 (Bernama) -- The ringgit extended its upward momentum, opening higher against the US dollar for a third consecutive day on Thursday, as market sentiment continued to hinge on prospects of a ceasefire between the United States and Iran.