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Oil Price Surge Driven Not Only By Supply And Demand But Also Shipping Costs, Insurance Premiums - Petronas

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, April 3 (Bernama) -- The surge in global crude oil prices to as high as US$120 (US$1 = RM4.02) per barrel following the conflict in West Asia is not purely driven by supply and demand, but is also influenced by geopolitical factors, shipping costs, and insurance premiums, according to Petroliam Nasional Bhd (Petronas).

LIAM Appoints Pauline Teoh As New President

KUALA LUMPUR, April 3 (Bernama) -- The Life Insurance Association of Malaysia (LIAM) has appointed Zurich Life Insurance Malaysia Bhd chief executive officer (CEO), Pauline Teoh, as its new president.

MAG To Expand Mainline Fleet To 116 Aircraft, Serving 106 Destinations By 2035

KUALA LUMPUR, April 3 (Bernama) -- Malaysia Aviation Group (MAG) plans to expand its mainline fleet to 116 aircraft, serving 106 destinations by 2035, said its president and group chief executive officer (CEO), Captain Nasaruddin A Bakar.

MAG May Tap Khazanah Funds In 2026 To Support Fleet Expansion, Commitments

KUALA LUMPUR, April 2 (Bernama) — Malaysia Aviation Group (MAG) is looking into drawing on shareholder funding from Khazanah Nasional Bhd this year to support its fleet expansion and maintenance commitments, despite a significant improvement in its operating cash flow.

C-Hawk Boosts Southeast Asia Capacity With Malaysia, Vietnam Expansion

KUALA LUMPUR, April 2 (Bernama) -- C-Hawk Technology, a global manufacturer of components, assemblies and systems for the semiconductor and health imaging industries, has expanded its Southeast Asia manufacturing footprint with new facilities in Johor Bahru, Malaysia, and Ho Chi Minh City, Vietnam.

Petronas Continues To Monitor Malaysia’s Fuel Supply

KUALA LUMPUR, March 30 (Bernama) -- Petroliam Nasional Bhd (Petronas) continues to closely monitor the nation’s fuel supply to help safeguard nationwide stability, amid the ongoing West Asia crisis.

Diesel Price Gap Reflects Structural Realities, Supports National Policy Framework - CILTM Sabah

By Jailani Hasan

LABUAN, March 28 (Bernama) -- The Chartered Institute of Logistics and Transport Malaysia Sabah Section (CILTM Sabah) has expressed its support for the federal government’s approach to addressing the diesel price differential between Peninsular Malaysia and East Malaysia, emphasising that the pricing structure reflects underlying structural and logistical realities rather than preferential treatment.

H2O.ai, CTC Global Singapore To Accelerate Enterprise AI Adoption In APAC

KUALA LUMPUR, March 26 (Bernama) -- H2O.ai, the open-source artificial intelligence (AI) platform company, has partnered with CTC Global Singapore, a technology integrator in Asia Pacific (APAC), to accelerate enterprise AI adoption across the region.

Malaysia Cushions Domestic Economy From Energy Shocks With Targeted Subsidies -- Economist

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, March 26 (Bernama) -- Malaysia's policy discipline and targeted subsidy framework have successfully cushioned the domestic economy from external energy shocks triggered by the ongoing West Asia conflict.

European Stocks Close On Strong Note On Hopes Of US-Iran Peace Deal

FRANKFURT, March 26 (Bernama-dpa-AFX) -- European stocks closed on a strong note on Wednesday, as the mood turned a bit bullish amid some hopes of a de-escalation in tensions in West Asia, dpa-AFX reported. 

Rubber Market Seen Range-bound With Upward Bias Next Week Amid West Asia Uncertainty

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, March 21 (Bernama) -- The rubber market is expected to trade sideways with a slight upward bias amid as the market keeps a close watch on uncertainties surrounding the ongoing West Asia conflict, said industry expert Denis Low.

Brent Oil Price Tops US$113 Per Barrel For 1st Time Since March 9

MOSCOW, March 19 (Bernama-Sputnik/RIA Novosti) -- Global oil prices climbed sharply on Thursday morning, with Brent breaking above US$113 per barrel, according to trading data.