Indonesia Projects Aidilfitri Homecoming To Boost 5.5-5.6 Pct Economic Growth

JAKARTA, March 23 (Bernama) -- Indonesia expects the Aidilfitri mudik or homecoming momentum to support its 2026 economic growth target of 5.5 to 5.6 per cent year-on-year, with public mobility and spending rising during the festive period.

“Force Majeure” And Its Economic Impact

By Saraswathi Muniappan

KUALA LUMPUR, March 23 (Bernama) -- “Force majeure” is French for “major force”, and in legal parlance, this means that an extraordinary event has occurred, such as the war in West Asia, which is beyond the control of a party and excuses them from fulfilling their contract. 

Embracing Risk-sharing Business Will Be Game Changer For Malaysia’s Robust Islamic Banking Sector – Economists

By Karina Imran

KUALA LUMPUR, March 23 (Bernama) -- Intense demand coupled with the wider acceptance of shariah-compliant financial products will continue expanding Islamic banking in Malaysia despite stiff competition from the conventional sector, an economist said today.

Gold Falling Due To Market Misreading Monetary “Endgame” -- Analyst

KUALA LUMPUR, March 21 (Bernama) -- Gold prices are currently under pressure due to market liquidation, rising real yields and temporarily delayed physical demand, rather than a breakdown in the long-term macroeconomic outlook, according to an analyst.

Iran's Khamenei Absent On Persian New Year As Speech Read Out On TV

TEHRAN, March 21 (Bernama-dpa) -- People in Iran eagerly awaited a first public appearance by the country's new Supreme Leader Mojtaba Khamenei on Persian New Year, or Nowruz, on Friday - but a speech attributed to him was instead read out on state television.

Volatility Seen Continuing For Bursa Malaysia Next Week After Raya Break

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, March 21 (Bernama) -- Trading on Bursa Malaysia is expected to continue to be volatile next week after the Raya break, although the broader trend still points to a gradually rising momentum.

CPO Futures Seen Trading Higher Next Week Amid Rising Energy Prices

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, March 21 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade with an upward bias next week amid the conflict in West Asia.

Malaysia’s Unsubsidised Fuel Price Increase Reflects Global Oil Trends -- Analyst

KUALA LUMPUR, March 20 (Bernama) -- Recent increases in unsubsidised fuel prices in Malaysia reflect rising global oil prices, according to an analyst.

Indonesia To Boost Coal Output As Oil Prices Surge

JAKARTA, March 20 (Bernama) -- Indonesia plans to increase coal production in response to rising global oil prices, Coordinating Minister for Economic Affairs Airlangga Hartarto said.

Social Media Sparks Rapid Growth In Malaysia’s “Durian Tourism”

KUALA LUMPUR, March 20 (Bernama) — Malaysia has seen a growing “durian tourism” trend, with international visitors, particularly those from China, increasingly building short breaks and day trips around peak durian seasons and well-known producing areas, which appeal is both culinary and experiential.

IMF Warns Prolonged Energy Price Surge Could Lift Inflation

ISTANBUL, March 20 (Bernama-Anadolu) -- The International Monetary Fund (IMF) said Thursday that a sustained rise in energy prices stemming from the war in West Asia could push global inflation higher and weigh on economic output.

Ringgit Eases Against Greenback After US Fed Keeps Interest Rates Unchanged

By Danni Haizal Danial Donald

KUALA LUMPUR, March 19 (Bernama) -- The ringgit eased against the US dollar at Thursday’s close following the United States Federal Reserve’s (Fed) decision to keep interest rates unchanged, providing support to the greenback.