3d ago
KUALA LUMPUR, March 12 (Bernama) -- Petroliam Nasional Bhd (Petronas) says the country has a degree of structural resilience to external shocks arising from the ongoing US-Iran conflict.
3d ago
By Nor Baizura Basri
KUALA LUMPUR, March 11 (Bernama) -- Petronas said the elevated crude oil prices resulting from the US-Iran conflict are expected to produce some mixed outcomes for the company.
4d ago
PUTRAJAYA, March 11 (Bernama) -- Finance Minister II Datuk Seri Amir Hamzah Azizan chaired the first meeting of the Special Committee on Energy Security and the Impact of West Asia Conflict today.
4d ago
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 11 (Bernama) -- The ringgit strengthened against the US dollar, other major currencies, and ASEAN peers at Wednesday’s close following news that the International Energy Agency (IEA) has proposed releasing oil reserves, which could help stabilise global crude oil prices.
4d ago
By Dr Phar Kim Beng
Few economic indicators shape global stability as decisively as the price of oil.
4d ago
KUALA LUMPUR, March 11 (Bernama) -- The ringgit opened firmer against a basket of major currencies but was flat against the US dollar on Wednesday, supported by resilient domestic economic data amid heightened geopolitical tensions and mixed global signals.
5d ago
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 10 (Bernama) -- The ringgit ended higher against the US dollar and other major currencies at Tuesday's close following a sharp drop in crude oil prices amid comments from US President Donald Trump suggesting the war in Iran could end soon.
5d ago
By Kisho Kumari Sucedaram
KUALA LUMPUR, March 10 (Bernama) -- Airlines in Asia are reviewing fares and operational plans as rising jet fuel prices linked to escalating conflict in West Asia begin to ripple across the aviation industry, with some carriers already introducing fuel surcharge adjustments.
6d ago
By Abdul Hamid A Rahman
KUALA LUMPUR, March 9 (Bernama) -- Malaysia’s diverse tourism market and growing sustainability focus within the hotel industry are expected to help cushion the impact of the ongoing conflict in the Middle East on the country’s tourism sector.
6d ago
KUALA LUMPUR, March 9 (Bernama) -- Malaysia's economic performance last year, which recorded 5.2 per cent growth, is expected to cushion the country against global economic uncertainties and bolster its performance in the first quarter (1Q) of this year, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
6d ago
KUALA LUMPUR, March 9 (Bernama) -- Malaysia may be able to maintain the price of RON95 fuel at RM1.99 per litre even if global oil prices rise amid tensions around the Strait of Hormuz, but doing so could increase fiscal pressure and affect fiscal consolidation plans, said an economist.
7d ago
By Kisho Kumari Sucedaram
KUALA LUMPUR, March 8 (Bernama) -- Amid the ongoing conflict in the Middle East, which has thrown the aviation industry into chaos and left thousands of travellers stranded, it is heart-warming to see the global aviation community joining hands to evacuate passengers safely to their respective destinations.