| 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 | |
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, March 18 (Bernama) -- Crude oil prices can go even higher than current levels of US$100-US$103 per barrel if the war in West Asia continues affecting passageway in the Strait of Hormuz and supply tightness becomes more acute, Kpler senior crude oil analyst Muyu Xu said today.
KUALA LUMPUR, March 18 (Bernama) -- Malaysia’s headline inflation is expected to remain manageable, supported by the government’s targeted subsidies, amid the West Asia conflict, according to the Malaysian Rating Corporation Bhd (MARC).
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, March 18 (Bernama) -- The ringgit traded firmer against the US dollar this morning amid cautious investor positioning ahead of the United States (US) Federal Reserve’s (Fed) policy decision and improving risk appetite.
KUCHING, March 16 (Bernama) -- AirBorneo's current airfares remain unchanged despite rising global fuel prices as the airline continues to prioritise affordable connectivity for communities in Sarawak and Sabah, said its chief executive officer Megat Ardian Wira Mohd Aminuddin.
KUALA LUMPUR, Mar 16 (Bernama) -- Foreign investors extended a four-week streak of net selling across eight Asian markets, with net outflows totalling US$16.8 billion, according to MBSB Investment Bank Bhd.
By Siti Radziah Hamzah
KUALA LUMPUR, March 14 (Bernama) -- The adjustment of fuel prices under the Automatic Pricing Mechanism (APM) is a critical tool to manage volatility in global oil markets and ensure a stable, continuous fuel supply in Malaysia, BHPetrol said.
From Nur Athirah Mohd Shaharuddin
HANOI, March 14 (Bernama) – Despite the war in West Asia that has spiked oil prices, the people of Vietnam seem oblivious to the consequent inflationary pressures, especially for a nation that depends significantly on imported crude oil.
JAKARTA, March 13 (Bernama) -- Indonesia may struggle to keep its budget deficit within the legal ceiling of three per cent of gross domestic product (GDP) if global oil prices continue to surge due to prolonged geopolitical tensions, potentially forcing the government to consider extraordinary fiscal measures.
By Kisho Kumari Sucedaram
KUALA LUMPUR, March 13 (Bernama) -- Batik Air Malaysia has implemented modest adjustments across selected routes, including fuel surcharges structured by route category, in response to rising operating costs driven by higher jet fuel prices.
By Kisho Kumari Sucedaram
KUALA LUMPUR, March 13 (Bernama) -- Malaysia Aviation Group (MAG) said the airlines under its portfolio are continuously reviewing airfares and fuel surcharges in response to prevailing market conditions.
KUALA LUMPUR, March 12 (Bernama) -- Airlines feel “pretty powerless” at present amid escalating geopolitical tensions and volatile fuel prices, with little visibility on how the unfolding West Asia conflict will affect the aviation industry, said Tony Fernandes.
KUALA LUMPUR, March 12 (Bernama) -- The ringgit extended gains against the US dollar and other currencies at Thursday’s opening, supported by stabilising oil prices following the International Energy Agency’s (IEA) decision to release additional supply into the market, an economist said.
