Northern Solar Clinches Two Contracts Totalling RM119.38 Mln
KUALA LUMPUR, March 3 (Bernama) -- Northern Solar Holdings Bhd’s wholly owned subsidiary, Northern Solar Sdn Bhd, has won two contracts totalling RM119.38 million.
| LATEST NEWS | At 6 pm, the ringgit was almost flat versus the greenback at 4.0275/0320, compared with 4.0245/0320 at Monday’s close. | Global energy crisis also affects supply of medicines and medical devices - Akmal Nasrullah | National Economic Action Council looking into fuel diversification, strengthening trade ties and securing production inputs — Akmal Nasrullah | The govt views seriously the current development in West Asia and its impact on the economy -- Akmal Nasrullah | Global energy crisis: Special access pathway implemented, ensuring access to critical health needs - Akmal Nasrullah | |
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Gold Futures Slip As Stronger US Dollar Offsets Safe-haven Appeal
By Siti Noor Afera Abu
KUALA LUMPUR, March 3 (Bernama) -- Gold futures on Bursa Malaysia Derivatives declined on Tuesday, in line with weaker US COMEX gold futures as the greenback strengthens amid the Middle East conflict.
Petronas Closely Monitoring Developments In Middle East
By Siti Radziah Hamzah
KUALA LUMPUR, March 3 (Bernama) -- Petroliam Nasional Bhd (Petronas) is closely monitoring the developments in parts of the Middle East with concern and remains fully committed to ensuring the safety, security and welfare of its employees, dependents, as well as its contractors who are supporting its operations across the region.
Gold Futures End Higher On Safe-haven Demand
By Siti Noor Afera Abu
KUALA LUMPUR, March 2 (Bernama) -- Gold futures on Bursa Malaysia Derivatives settled higher on Monday, tracking gains in US COMEX gold futures, as conflict in the Middle East boosted safe-haven demand despite a firmer greenback.
Velesto Energy Unit Bags US$157 Mln Contract From Petronas Carigali
KUALA LUMPUR, March 2 (Bernama) -- Velesto Energy Bhd's (VEB) indirect wholly owned subsidiary, Velesto Drilling Sdn Bhd, has secured a contract worth US$157 million from Petronas Carigali Sdn Bhd (PCSB) to provide a jack-up drilling rig for the PCSB 2026-2030 contract period.
Bursa Malaysia Ends Broadly Lower As Sentiment Dampened By Middle East Conflict
KUALA LUMPUR, March 2 (Bernama) -- Bursa Malaysia ended broadly lower on Monday as risk sentiment deteriorated sharply following renewed escalation in the Middle East conflict, triggering a widespread regional equity sell-off.
DNeX, MARA Ink MoU On Developing Unified Data Intelligence Hub
PUTRAJAYA, March 2 (Bernama) -- Dagang NeXchange Bhd (DNeX) and Majlis Amanah Rakyat (MARA) have inked a memorandum of understanding (MoU) on developing a Unified Data Intelligence Hub as part of a broader artificial intelligence (AI)-driven digital transformation initiative.
Iranian Drone Hits Saudi Aramco's Ras Tanura Refinery: Reports
ISTANBUL, March 2 (Bernama-Anadolu/Ina) -- An Iranian drone strike targeted Saudi Aramco’s Ras Tanura oil refining facility on Monday, igniting a fire outbreak, Anadolu Ajansi reported, citing media reports.
Malaysia Must Brace For More Expensive Imports Following Middle East Conflict -- Tengku Zafrul
KUALA LUMPUR, March 2 (Bernama) -- Malaysia must be prepared to face impacts such as more expensive imports following the conflict in the Middle East, said Malaysian Investment Development Authority (MIDA) chairman Tengku Datuk Seri Zafrul Abdul Aziz.
Market Positioning May Limit Fallout On Malaysia From Middle East Conflict - Economist
KUALA LUMPUR, March 2 (Bernama) – The economic impact on Malaysia from the latest conflict in the Middle East could remain contained if tensions do not prolong, although near-term market volatility cannot be ruled out, economists said.
US-Iran Conflict Disrupts Global Aviation, Could Cost Industry More Than US$1 Bln
By Zufazlin Baharuddin & Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 1 (Bernama) -- The US-Iran conflict has significantly disrupted airport operations and is poised to have a material near-term impact on global aviation, with aggregate industry costs potentially exceeding US$1 billion (US$1 = RM3.89) should the situation intensify, an economist said.
Renewed US-Iran Conflict Fueling Market Volatility, Raising Oil Prices And Forex risks
By Harizah Hanim Mohamed & Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, March 1 (Bernama) -- Global markets turned cautious on Sunday following the latest United States military action against Iran, with economists warning that heightened geopolitical risks due to the situation in the Middle East could reinforce risk-off sentiment and affect oil prices, the ringgit, and trade flows, said analysts.