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By Harizah Hanim Mohamed
KUALA LUMPUR, March 2 (Bernama) – The global maritime industry is closely monitoring rising tensions in the Middle East, with hull insurance and cargo war risk coverage skyrocketing in response to the current situation.
KUALA LUMPUR, March 2 (Bernama) -- Asia’s high-income economies, which heavily rely on commodity imports, are particularly vulnerable to the direct economic fallout from the conflict in the Middle East, according to Moody’s Analytics.
KUALA LUMPUR, March 2 (Bernama) -- The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) latest decision to increase its crude oil production target by 206,000 barrels per day (bpd) for April is a signal that the grouping is prepared to use spare capacity if needed.
KUALA LUMPUR, March 2 (Bernama) -- The United States-Iran conflict could result in Brent crude prices posting a “knee-jerk” move of US$15-US$20 per barrel (bbl) (US$1=RM3.89) from the latest close, potentially lifting it towards the US$90 bbl level, said Public Investment Bank Bhd (Public IB).
KUALA LUMPUR, March 1 (Bernama) -- All Malaysian-registered vessels and local shipping companies are advised to exercise necessary precautionary measures, including avoiding transiting through the Strait of Hormuz until further notice, to ensure the safety of navigation following security developments in the Middle East region.
By Zufazlin Baharuddin & Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 1 (Bernama) -- The US-Iran conflict has significantly disrupted airport operations and is poised to have a material near-term impact on global aviation, with aggregate industry costs potentially exceeding US$1 billion (US$1 = RM3.89) should the situation intensify, an economist said.
KUALA LUMPUR, March 1 (Bernama) -- Gulf national oil companies are unlikely to declare force majeure pre-emptively amid elevated geopolitical risks in the Middle East, following the reported sea traffic disruptions in the Strait of Hormuz, said SPI Asset Management managing partner Stephen Innes today.
KUALA LUMPUR, March 1 (Bernama) -- Brent crude oil could jump by around US$20 on Monday as risk premiums are rapidly repriced unless clear and credible signals of de-escalation emerge over the weekend following the US-Israel attack on Iran, research and energy intelligence company Rystad Energy said today.
KUALA LUMPUR, Feb 28 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) has issued a travel advisory for passengers travelling to, from, or transiting through parts of the Middle East, advising them to check their latest flight status directly with their respective airlines before proceeding to the airport.
By Hasnah Jusid
JOHOR BAHRU, Feb 28 (Bernama) -- Johor’s target of achieving a gross domestic product (GDP) of RM260 billion by 2030 has been described as realistic, with the Johor-Singapore Special Economic Zone (JS-SEZ) expected to be one of the main drivers of the state’s economic growth.
KUALA LUMPUR, Feb 27 (Bernama) -- The Asia Pacific Green Hydrogen Conference and Exhibition (APGH) 2026, from June 9–11 in Kuching, Sarawak, aims to position the region as a competitive and resilient green hydrogen hub in support of Malaysia’s and Sarawak’s low-carbon ambitions.
KUALA LUMPUR, Feb 26 (Bernama) — The Federation of Malaysian Manufacturing (FMM) has signed memoranda of understanding (MoUs) with four universities to encourage local manufacturers to transition from original equipment manufacturers (OEM) to original brand manufacturers (OBM).
