| LATEST NEWS | Aidilfitri: MoT bans goods and logistics vehicle movement on March 19, 20, 28 and 29 | Global cruide oil prices have exceeded USD100 per barrel, government maintains the subsidised RON95 price at RM1.99 per litre - Finance Ministry | Gas Malaysia to develop Yan LNG terminal after Energy Commission nod | Ringgit edged up to 3.9145/9205 versus US dollar at the close from 3.9155/9200 on Tuesday | Two US Navy ships in Penang on a temporary logistics stopover - Khaled Nordin | |
KUALA LUMPUR, March 9 (Bernama) -- Following the surge in global oil prices on March 9, Asian governments face heightened fiscal and inflationary risks from rising global oil prices as the region remains structurally dependent on energy imports, said OCBC.
By Danni Haizal Danial Donald
KUALA LUMPUR, March 9 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today, rallying above RM4,500, the highest level since last October.
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) -- 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) -- 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.
KUALA LUMPUR, March 7 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade positively next week, supported by stronger crude oil prices amid the United States-Iran conflict, a trader said.
KUALA LUMPUR, March 7 (Bernama) -- The Malaysian rubber market is expected to trend higher next week, supported by tightening supply conditions and rising concerns over the ongoing conflict in the Middle East.
