KUALA LUMPUR, March 31 (Bernama) -- Energy security will remain paramount as the global energy system comes under increasing strain from escalating geopolitical tensions in West Asia, Petroliam Nasional Bhd (Petronas) said today.
KUALA LUMPUR, March 31 (Bernama) -- Bank Negara Malaysia (BNM) is actively assessing the economic impact of the West Asia conflict as the outbreak could last up to six months, affecting oil supplies and energy prices, said Governor Datuk Seri Abdul Rasheed Ghaffour.
KUALA LUMPUR, March 30 (Bernama) -- Malaysia remains well-positioned to withstand rising fiscal pressures as the price of Brent crude holds above US$100 per barrel, with stronger petroleum-related revenues expected to cushion the impact of a higher RON95 subsidy bill, said analysts.
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, March 27 (Bernama) -- Solar energy has become an important electricity generation alternative to replace oil, gas, and coal which are in short supply due to the ongoing conflict in West Asia, according to non-governmental organisation (NGO) Citizens International.
KUALA LUMPUR, March 27 (Bernama)-- The Federation of Malaysian Manufacturing (FMM) is seeking the government's intervention to mitigate the impact of the West Asia conflict on Malaysia's manufacturing sector.
KUALA LUMPUR, March 27 (Bernama) -- Bursa Malaysia opened higher on Friday, outpacing regional peers as market sentiment improved following the government’s adjusted fuel subsidy measures, supporting fiscal stability and household affordability amid ongoing West Asia uncertainties.
By Danni Haizal Danial Donald
KUALA LUMPUR, March 27 (Bernama) -- The ringgit opened higher for the fourth consecutive day as the Malaysian government adopts a pragmatic approach to fuel subsidies by balancing between fiscal discipline and cost-of-living concerns amid West Asia tensions.
PUTRAJAYA, March 26 (Bernama) -- The government is bearing petrol and diesel subsidies estimated at up to RM4 billion a month under the implementation of the BUDI MADANI RON95 (BUDI95) and BUDI Diesel programmes, following the rise in global crude 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.
By Mikhail Raj Abdullah
KUALA LUMPUR, March 26 (Bernama) -- Malaysians should accept the government’s temporary adjustment of the monthly subsidised BUDI95 quota to 200 litres from 300 litres per month effective April, as a reasonable step to reduce fuel subsidy spending and one that is necessary due to escalating crude oil prices.
KUALA LUMPUR, March 26 (Bernama) -- Malaysians are advised to prepare for a prolonged period of pressure in the oil market even if the conflict in West Asia eases in the near term.
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.
