1m ago
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 27 (Bernama) -- The ringgit, along with other regional currencies, closed lower against the US dollar on Friday as investors, both globally and regionally, shifted back to safe-haven investments due to ongoing geopolitical uncertainties in West Asia.
1m ago
By K. Naveen Prabu
KUALA LUMPUR, March 27 (Bernama) -- The Kuala Lumpur rubber market ended higher on Friday, extending its gains amid rising Japanese rubber futures and supported by firm physical prices of the commodity in Thailand.
1m ago
KUALA LUMPUR, March 27 (Bernama)-- The Federation of Malaysian Manufacturing (FMM) is seeking the government's intervention to mitigate the impact of the West Asia conflict on Malaysia's manufacturing sector.
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KUALA LUMPUR, March 27 (Bernama) -- Bursa Malaysia’s benchmark index ended the morning trading session on a positive note, buoyed by buying interest, particularly in the consumer products, plantation, and utilities counters.
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KUALA LUMPUR, March 27 (Bernama) -- Malaysia’s transition towards electric vehicles (EVs) could accelerate due to elevated crude oil prices, particularly among buyers in the premium internal combustion engine segment, according to CIMB Securities Sdn Bhd.
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KUALA LUMPUR, March 27 (Bernama) -- The Malaysian Employers Federation (MEF) emphasises that all segments of society must play a proactive and responsible role in conserving fuel and ensuring sustainable energy usage amid ongoing uncertainties in West Asia.
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KUALA LUMPUR, March 27 (Bernama) -- Bursa Malaysia opened higher on Friday, outpacing regional peers as market sentiment improved following the government’s adjusted fuel subsidy measures, supporting fiscal stability and household affordability amid ongoing West Asia uncertainties.
1m ago
By Danni Haizal Danial Donald
KUALA LUMPUR, March 27 (Bernama) -- The ringgit opened higher for the fourth consecutive day as the Malaysian government adopts a pragmatic approach to fuel subsidies by balancing between fiscal discipline and cost-of-living concerns amid West Asia tensions.
1m ago
PUTRAJAYA, March 26 (Bernama) -- The government is bearing petrol and diesel subsidies estimated at up to RM4 billion a month under the implementation of the BUDI MADANI RON95 (BUDI95) and BUDI Diesel programmes, following the rise in global crude oil prices.
1m ago
By K. Naveen Prabu
KUALA LUMPUR, March 26 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today, tracking higher crude oil prices amid the escalation of conflict in West Asia, a trader said.
1m ago
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, March 26 (Bernama) -- The government’s move to adjust the monthly quota for subsidised BUDI MADANI RON95 (BUDI95) petrol to 200 litres from 300 litres is a much-needed temporary measure to reduce subsidy spending amid the spike in oil prices brought on by the conflict in West Asia, said an economist.
1m ago
KUALA LUMPUR, March 26 (Bernama) -- The government will continue to uphold fiscal discipline and curb waste and leakages to ensure Malaysia’s economic growth momentum remains sustainable, said Prime Minister Datuk Seri Anwar Ibrahim.