Oil Price Shocks, Inflation and the Fragility of the Global Economy
By Dr Phar Kim Beng
Few economic indicators shape global stability as decisively as the price of oil.
| LATEST NEWS | Super League: JDT 7-0 PDRM FC | 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 | |
By Dr Phar Kim Beng
Few economic indicators shape global stability as decisively as the price of oil.
BATU PAHAT, March 9 (Bernama) -- The Ministry of Plantation and Commodities has increased the allocation for the development of the pepper industry to RM45.8 million in 2026 under the 13th Malaysia Plan (13MP), compared to RM21.4 million last year.
KUALA LUMPUR, March 2 (Bernama) -- More than 88 per cent of 16.5 million eligible individuals, or close to 14.8 million, have benefited from the RM1.99 per litre RON95 price, according to Finance Minister II Datuk Seri Amir Hamzah.
JOHOR BAHRU, Feb 27 (Bernama) -- What began as a fondness for mushroom dishes has grown into a sustainable agribusiness for Noor Saiful Amri, a native of Pontian who now earns his living cultivating and supplying mushroom blocks.
KUALA LUMPUR, Feb 26 (Bernama) -- A total of eight companies are involved in pepper cultivation activities nationwide, covering an area of about 55 hectares, said Deputy Plantation and Commodities Minister Datuk Seri Huang Tiong Sii.
KUALA LUMPUR, Feb 23 (Bernama) -- The asset position of 143 out of 145 federal agencies increased by 5.5 per cent to RM2.838 trillion in 2024, compared with RM2.690 trillion the previous year, according to the Auditor-General’s Report (LKAN) 1/2026 tabled in the Dewan Rakyat today.
KUALA LUMPUR, Feb 12 (Bernama) -- The harvest season is in full swing in Longkong Town of Fengdu County, a major orange-producing hub in west China’s Chongqing Municipality, as freshly picked fruit moves rapidly from orchards to nationwide markets through an increasingly modernised supply chain.
KUALA LUMPUR, Feb 9 (Bernama) -- The government has approved an allocation of RM16 million for the Pepper Farming Sustainability Programme for 2026 under the first rolling plan of the 13th Malaysia Plan (13MP), said Plantation and Commodities Minister Datuk Seri Dr Noraini Ahmad.
KUALA LUMPUR, Feb 9 (Bernama) -- About 90 per cent of estates in the palm oil sector have obtained the Malaysian Sustainable Palm Oil (MSPO) certification, while independent smallholders have reached 85 per cent, said Minister of Plantation and Commodities Datuk Seri Dr Noraini Ahmad.
KUALA LUMPUR, Feb 7 (Bernama) -- McDonald’s Malaysia is planning to invest RM1 billion to open 100 new restaurants, modernise existing outlets and strengthen digital capabilities over the next five years.
KUALA LUMPUR, Feb 7 (Bernama) -- Malaysian yuzu fans will be able to enjoy the distinctive flavour and aroma of the Japanese citrus fruit, as yuzu products from Umaji Village in Kochi Prefecture, on Japan’s southern Shikoku island, are being brought to Malaysia for the first time.
KUALA LUMPUR, Jan 28 (Bernama) -- The government will ensure that the targeting of subsidies does not burden the people, thus enabling the government to increase the allocation of targeted aid to the people in an effort to strengthen a more inclusive social protection network.