Bursa Malaysia Lower At Opening
KUALA LUMPUR, April 9 (Bernama) -- Bursa Malaysia opened lower on Thursday despite positive Wall Street performance overnight.
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IATA Expects Gradual Aviation Recovery In Gulf Amid Latest Development In West Asia
SINGAPORE, April 8 (Bernama) -- The International Air Transport Association (IATA) anticipates a gradual recovery for the aviation industry within a few months, particularly in the Gulf region, amid the recent developments in conflicts in West Asia.
Malaysia's Banking Industry Remain Resilient, Supportive Amid Global Uncertainties - ABM
KUALA LUMPUR, April 7 (Bernama) -- Malaysia’s banking industry remains strong, resilient and is committed to supporting customers amid global uncertainties, including developments in West Asia, according to the Association of Banks in Malaysia (ABM).
Escalating West Asia Conflict Wake-up Call To Strengthen Malaysia’s Energy Sovereignty -- Academic
KUALA LUMPUR, April 7 (Bernama) -- Rising petroleum import prices and disruptions to global logistics caused by the Middle East conflict, which threaten inflation rates and the country’s long-term fiscal stability, serve as a warning for Malaysia to strengthen energy sovereignty by diversifying local energy sources.
MIGHT, PNSB Ink MoC To Drive Selangor High-Tech Industry Forward
SHAH ALAM, April 6 (Bernama) -- The Malaysian Industry‑Government Group for High Technology (MIGHT) and Permodalan Negeri Selangor Berhad (PNSB) today inked a Memorandum of Collaboration (MoC) to further accelerate high‑tech industry development and attract strategic investments to Selangor.
Bursa Malaysia Remains Lower At Midday Amid Cautious Sentiment
KUALA LUMPUR, April 6 (Bernama) -- Bursa Malaysia finished the morning session lower as continued volatility in global conditions was seen in the near term after US President Donald Trump gave Iran a 48-hour deadline to reopen the Strait of Hormuz.
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).
Sunway Eyes Joint Procurement After IJM Takeover, Says President
KUALA LUMPUR, April 2 (Bernama) -- Sunway Bhd plans to implement joint procurement in construction as part of its short-term strategy within nine months of acquiring IJM Corp Bhd.
Malaysia In Position Of Strength Amid West Asia Conflict – BNM
KUALA LUMPUR, March 31 (Bernama) -- Malaysia is in a position of strength as it faces oil price shocks following the West Asia conflict, supported by robust domestic demand, moderate inflation, a sound financial sector and a resilient external position.
RON95 Quota Adjustment Seen As Temporary Remedy Amid Spike In Oil Prices
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, March 26 (Bernama) -- The government’s move to adjust the monthly quota for subsidised BUDI MADANI RON95 (BUDI95) petrol to 200 litres from 300 litres is a much-needed temporary measure to reduce subsidy spending amid the spike in oil prices brought on by the conflict in West Asia, said an economist.
Madani Govt Taking Pragmatic Approach On fuel Subsidies Amid Ongoing West Asia Conflict
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, March 26 (Bernama) -- The Malaysian government, under Prime Minister Datuk Seri Anwar Ibrahim’s leadership, is seen to be handling the current surge in oil prices wisely through various measures despite the West Asia conflict entering its fourth week with no signs of easing.
European Central Bank Leaves Rates Unchanged Amidst Heightened Geopolitical Tensions
FRANKFURT, March 20 (Bernama-Xinhua) -- The European Central Bank (ECB) on Thursday kept key interest rates unchanged as heightened geopolitical tensions weigh on the outlook of inflation and economy in the euro area, reported Xinhua.