| LATEST NEWS | Sabah and Sarawak diesel subsidy estimated at RM4.6 billion this year if current prices remain - PM Anwar | Government allocates RM2 billion in subsidies per month to maintain RON95 price at RM1.99 per litre - PM Anwar | Additional Hari Raya holiday on Monday (March 23) if Aidilfitri falls on Friday (March 20), or on Friday (March 20) if Aidilfitri falls on Saturday (March 21) - PM Anwar | |
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, March 9 (Bernama) -- Bursa Malaysia closed broadly lower today in line with widespread selling across regional markets as the intensifying conflict in the Middle East dampened investor sentiment and reignited concerns over global inflation.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 9 (Bernama) -- The ringgit eased against the US dollar and other major currencies on Monday as heightened geopolitical risks strengthened the greenback after Brent crude oil prices surged sharply, with the local currency continuing to be affected by the ongoing war in Iran.
HONG KONG, March 9 (Bernama-Xinhua) -- Hong Kong's stock market ended lower on Monday with the benchmark Hang Seng Index down 1.35 per cent to close at 25,408.46 points, reported Xinhua.
By Danni Haizal Danial Donald
KUALA LUMPUR, March 9 (Bernama) -- The Kuala Lumpur rubber market ended higher on Monday, supported by the uptrend in regional rubber futures markets, coupled with a rally in crude oil prices, said a dealer.
KUALA LUMPUR, March 9 (Bernama) -- Malaysia is well-positioned to manage potential economic fallout from escalating conflict in the Middle East, backed by its status as a net energy exporter and strong economic fundamentals, Finance Minister II Datuk Seri Amir Hamzah Azizan said.
KUALA LUMPUR, March 9 (Bernama) -- Bursa Malaysia remained lower at midday, in line with regional markets, after Brent crude surged above US$105 per barrel amid the continuing US-Israeli conflict with Iran.
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.
KUALA LUMPUR, March 9 (Bernama) -- Bursa Malaysia opened lower on Monday, tracking weaker Wall Street performance overnight as sentiment was dented by a spike in crude oil prices, with Brent crude hovering above US$105 per barrel.
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.
KUALA LUMPUR, March 9 (Bernama) -- The ringgit opened lower against the US dollar on Monday as heightened risk aversion strengthened the greenback after Brent crude oil prices surged 15.5 per cent to US$107.04 per barrel, an analyst said.
By Siti Noor Afera Abu
KUALA LUMPUR, March 7 (Bernama) -- The ringgit is expected to trade cautiously against the US dollar next week as market sentiment continues to be shaped by developments in the Middle East, while investors will also keep a close watch on the trajectory of crude oil prices and upcoming US economic data.
KUALA LUMPUR, March 7 (Bernama) -- Malaysia can capitalise on the large-scale oil supply disruption caused by the conflict in the Middle East by positioning itself as a viable and more reliable energy supplier to customers in Asia, said commentator and scholar in the field of maritime and oil and gas, Nazery Khalid.
