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Escalating Tension In Middle East Raises Cost Concerns Among Travellers, Insurers

By Karina Imran

KUALA LUMPUR, June 27 (Bernama) — Air travellers and insurance companies are deeply concerned over possible rise in costs brought on by the escalating geopolitical tension in the Middle East which has led to abrupt closure of major airports in the region, which serve as among the busiest aviation hubs.

MIDF Amanah: Strait Of Hormuz Closure Poses Limited Risk To Malaysia

KUALA LUMPUR, June 26 (Bernama) -- The possible closure of the Strait of Hormuz following the recent Iranian parliamentary vote poses limited risk to Malaysia, said MIDF Amanah Investment Bank Bhd.

Gold Futures Rebound At Close Amid Middle East Tensions

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, June 23 (Bernama) -- Gold futures contracts on Bursa Malaysia Derivatives rebounded to close higher on Monday, driven by the escalation in geopolitical tensions as the United States (US) bombed Iran’s nuclear facilities on Sunday, an analyst said.

Ringgit Closes Lower Against US Dollar Amid Mideast Uncertainty

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, June 23 (Bernama) -- The ringgit closed lower against the greenback on Monday as US involvement in the war between Israel and Iran spurred demand for safe haven assets like the American dollar, an analyst said.

Rubber Market Ends Lower On Weak Regional Cues, Middle East Tensions

By K. Naveen Prabu

KUALA LUMPUR, June 23 (Bernama) -- The Malaysian rubber market ended lower today, weighed down by weaker cues from regional rubber markets, said a dealer.

Ringgit Higher At Opening Amid Ongoing Geopolitical Tensions

KUALA LUMPUR, June 23 (Bernama) -- The ringgit opened higher against the US dollar and a basket of major currencies on Monday despite a strong US Dollar Index (DXY) as ongoing geopolitical tensions, with the United States’ (US) involvement in the Israel-Iran conflict, in focus, said an analyst.

DPM's Working Visit Expands Malaysia's Strategic Network In Energy, Water Sectors - PETRA

TASHKENT, June 20 (Bernama) -- Deputy Prime Minister Datuk Seri Fadillah Yusof's official working visit to Uzbekistan and Russia is expected to expand Malaysia’s strategic network in the fields of energy and water at the international level.

DPM Fadillah To Visit Uzbekistan, Russia To Bolster Ties And Explore Tie-ups In Energy, High Tech

KUALA LUMPUR, June 19 (Bernama) – Deputy Prime Minister Datuk Seri Fadillah Yusof will visit Uzbekistan and Russia beginning this Friday to enhance bilateral economic relations, as well as explore tie-ups in the energy and high technology sectors.

Energy Transition: ASEAN Countries Urged To Tap Regional, International Cooperation

By Ammar Shafiq Hamzah

KUCHING, June 18 (Bernama) -- ASEAN member countries should take advantage of the various cooperation opportunities and support offered by regional and international partners to advance the transition to renewable energy.

Malaysia To Consider Adopting Nuclear Energy To Accelerate Net Zero Target 2050 -- PETRA

KUALA LUMPUR, June 17 (Bernama) -- Malaysia has to relook the whole energy triangle, including the possibility of adopting nuclear energy, in order to achieve its net-zero carbon emissions target by 2050, said Deputy Minister of the Energy Transition and Water Transformation Ministry (PETRA), Akmal Nasrullah Mohd Nasir.

Energy Transition Must Fit Malaysia’s Needs And Not Bow To Global Pressure

KUALA LUMPUR, June 16 (Bernama) -- Malaysia’s energy transition policies must be based on national realities and domestic capabilities rather than simply adhering to international pressure, said Malakoff Corporation Bhd chairman Tan Sri Che Khalib Mohamad Noh.

Ringgit Expected To Trade Sideways Ahead Of Key Fed Meeting

By Siti Noor Afera Abu

KUALA LUMPUR, June 14 (Bernama) -- The ringgit is expected to trade within a narrow range next week, as investors remain cautious amid ongoing global inflation concerns, said an analyst.