PETALING JAYA: Malaysian businesses are bracing for higher costs, tighter cash flow and a weaker outlook over the next six months as global oil shocks ripple through the economy, according to the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM). Its president Datuk Ng Yih Pyng said the ongoing conflict in the Middle East...
KUALA LUMPUR: The ringgit opened higher against the US dollar and a basket of major currencies on Monday despite a strong US Dollar Index (DXY) as ongoing geopolitical tensions, with the United States’ (US) involvement in the Israel-Iran conflict, in focus, said an analyst. At 8 am, the local note rose to 4.2420/2655 against the greenback from Friday’s...
KUALA LUMPUR: The RON95 petrol subsidy rationalisation exercise will proceed as planned, says Datuk Seri Anwar Ibrahim. The Prime Minister made this announcement amidst a surge in global crude oil prices following the Israel-Iran conflict. ALSO READ: ‘Don’t delay RON95 revamp’ "There is no issue of raising the price of petrol for the vast majority of up to 85%...
ALOR GAJAH: The government has considered two options to bring home over 800 officers and members of the Malbatt 850-11 Battalion currently on a peacekeeping and humanitarian mission in Lebanon. Deputy Defence Minister Adly Zahari said this follows concerns over the conflicts and unrest occurring in the Middle East. According to a report from Sinar Harian, he...
KUALA LUMPUR: Bursa Malaysia snapped four consecutive days of losses to end higher today as bargain hunting emerged following the recent sell-off, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.42 points, or 0.35 per cent, to 1,540.42 from Tuesday’s close of 1,535.0. The benchmark index, which opened 0.05 of-a-point firmer...
