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By Kisho Kumari Sucedaram
KUALA LUMPUR, March 2 (Bernama) – As the war in the Middle East enters its third day, global aviation continues to be disrupted with commercial flights across the region remaining at a standstill, as major airports continue to be closed and regional airspace restricted, resulting in a mind-boggling 2,000 flights being cancelled.
By Siti Noor Afera Abu
KUALA LUMPUR, March 2 (Bernama) -- Gold futures on Bursa Malaysia Derivatives settled higher on Monday, tracking gains in US COMEX gold futures, as conflict in the Middle East boosted safe-haven demand despite a firmer greenback.
KUALA LUMPUR, March 2 (Bernama) -- The ringgit closed lower against the US dollar on Monday, as prevailing risk-off sentiment weighed on the local currency amid heightened uncertainty over the conflict in the Middle East.
KUALA LUMPUR, March 2 (Bernama) -- Malaysia Airlines confirms that all services to and from London and Paris continue to operate as scheduled.
By K. Naveen Prabu
KUALA LUMPUR, March 2 (Bernama) -- The Kuala Lumpur rubber market ended higher today, supported by a sharp jump in crude oil prices.
ISTANBUL, March 2 (Bernama-Anadolu/Ina) -- An Iranian drone strike targeted Saudi Aramco’s Ras Tanura oil refining facility on Monday, igniting a fire outbreak, Anadolu Ajansi reported, citing media reports.
By Harizah Hanim Mohamed
KUALA LUMPUR, March 2 (Bernama) – The global maritime industry is closely monitoring rising tensions in the Middle East, with hull insurance and cargo war risk coverage skyrocketing in response to the current situation.
KUALA LUMPUR, March 2 (Bernama) -- Bank Negara Malaysia (BNM) is likely to keep the Overnight Policy Rate (OPR) at 2.75 per cent when the Monetary Policy Committee (MPC) meets this Thursday, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.
KUALA LUMPUR, March 2 (Bernama) -- Malaysia must be prepared to face impacts such as more expensive imports following the conflict in the Middle East, said Malaysian Investment Development Authority (MIDA) chairman Tengku Datuk Seri Zafrul Abdul Aziz.
KUALA LUMPUR, March 2 (Bernama) -- The United States-Iran conflict could result in Brent crude prices posting a “knee-jerk” move of US$15-US$20 per barrel (bbl) (US$1=RM3.89) from the latest close, potentially lifting it towards the US$90 bbl level, said Public Investment Bank Bhd (Public IB).
KUALA LUMPUR, March 2 (Bernama) -- The ringgit opened marginally lower against the US dollar on the first trading day of March as risk-off sentiment intensified following a joint United States-Israel strike on Iran over the weekend.
KUALA LUMPUR, March 2 (Bernama) – The economic impact on Malaysia from the latest conflict in the Middle East could remain contained if tensions do not prolong, although near-term market volatility cannot be ruled out, economists said.
