CPO Futures End Higher Amid Escalating West Asia Conflict

KUALA LUMPUR, April 20 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday, amid escalating tensions in West Asia, said a trader.

Lotte Chemical Titan Unit, Indonesian Subsidiary In US$25.29 Mln Naphtha Deal

KUALA LUMPUR, April 20 (Bernama) -- Lotte Chemical Titan Holding Bhd’s wholly owned subsidiary, Lotte Chemical Titan (M) Sdn Bhd (LCTM), and its Indonesian subsidiary, PT Lotte Chemical Indonesia (LCI), have entered into a contract for the sale of naphtha worth US$25.29 million (US$1=RM3.90).

Ringgit Ends Marginally Lower Vs US Dollar

KUALA LUMPUR, April 20 (Bernama) -- The ringgit ended marginally lower against the US dollar on Monday, remaining in a tight range as markets kept a close watch on developments in West Asia.

Rubber Market Ends Mixed, Tracking Regional Rubber Futures

KUALA LUMPUR, April 20 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Monday, tracking gains in regional rubber futures amid firmer benchmark crude oil prices, said a dealer.

Bursa Malaysia Closes Higher On Buying In Defensive Large-Cap Stocks

By Abdul Hamid A Rahman

KUALA LUMPUR, April 20 (Bernama) -- Bursa Malaysia closed higher today, supported by buying interest in large-cap stocks as investors shifted toward defensive counters amid rising geopolitical uncertainty.

Bursa Malaysia Up At Midday In Line With Regional Peers

KUALA LUMPUR, April 20 (Bernama) -- Bursa Malaysia’s benchmark index ended the morning trading session higher in line with the upbeat regional markets although sentiment remained cautious amid ongoing developments in the Strait of Hormuz.

Bursa Malaysia Opens Lower Amid Protracted West Asia Uncertainties

KUALA LUMPUR, April 20 (Bernama) -- Bursa Malaysia opened lower today as investors turned cautious despite last Friday’s gains on Wall Street amid protracted West Asia uncertainties.

Ringgit Opens Almost Flat Against Greenback As Investors Seek Safe-haven Assets

KUALA LUMPUR, April 20 (Bernama) -- The ringgit opened almost flat against the US dollar on Monday as investors sought shelter in safe-haven assets, with the greenback seen as one of the ways to preserve capital.

Malaysia Consumes 700,000 Barrels Of Oil Per Day, Double The Daily Production -- MOF

KUALA LUMPUR, April 18 (Bernama) -- Malaysia still needs to import crude oil despite having its own oil production because domestic consumption is much higher, at about 700,000 barrels per day, compared to the 350,000 barrels produced per day, according to the Finance Ministry (MoF).

Strait Of Hormuz Reopening A Positive Step, Supply Security A Priority -- Akmal Nasrullah

KUALA LUMPUR, April 18 (Bernama) -- Economy Minister Akmal Nasrullah Mohd Nasir today described Iran’s commitment to keeping the strategic Strait of Hormuz open as a positive step.

Petronas Takes Delivery Of One Million Barrels Of Iraqi Crude Via Ocean Thunder

KUALA LUMPUR, April 18 (Bernama) -- Petroliam Nasional Bhd (Petronas) on Saturday confirmed that the vessel Ocean Thunder has arrived in Malaysia, transporting one million barrels of crude oil originating from Basrah, Iraq.

Strait Of Hormuz Reopening Good News But Too Early To Celebrate - Economist

KUALA LUMPUR, April 18 (Bernama) -- Iran’s move to reopen the Strait of Hormuz is welcome news, but it is too early to celebrate as the security situation remains fragile with elevated insurance costs, University of Nottingham Malaysia assistant professor of business economics Dr Tan Chee Meng said.