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Sabah Monitors Global Conflict Impact On Supply Chains

KOTA KINABALU, March 14 (Bernama) -- The Sabah government is monitoring the impact of global conflicts on goods supply chains and their implications for consumers through the state's Ministry of Industrial Development, Entrepreneurship and Transport (MINDET).

Oil Price Shock Could Force Indonesia To Breach Three Per Cent GDP Deficit Rule

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.

National Climate Change Bill Unveils MRV System, Basis For Carbon Price Implementation

KUALA LUMPUR, March 13 (Bernama) -- The National Climate Change Bill (RUU PIN) will introduce a monitoring, reporting and verification (MRV) system as the main basis for the implementation of a carbon pricing mechanism and Malaysia's transition towards a low-carbon economy.

Govt Working To Ensure Oil Supply Remains Secure, Stable - Amir Hamzah

KUALA LUMPUR, March 13 (Bernama) — The government is working to extend the country’s oil supply security and ensure domestic supply remains stable following the conflict in West Asia, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Bursa Malaysia Slips Below 1,700 Level At Midday As Oil Price Surge Weighs On Sentiment

KUALA LUMPUR, March 13 (Bernama) -- Bursa Malaysia remained lower at midday, falling below the 1,700 psychological level, in line with the weaker performance of most regional peers amid dented sentiment following a surge in crude oil prices, with Brent crude hovering above US$100 per barrel at noon.

Gov’t To Cover Fuel Subsidies Expected To Reach RM3.2 Bln Monthly For Public Welfare -- Amir Hamzah

KUALA LUMPUR, March 13 (Bernama) -- The government will ensure citizens continue to receive assistance through targeted RON95 subsidies under the BUDI95 initiative, while keeping petrol and diesel prices unchanged despite the rise in fuel subsidy spending, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Bursa Malaysia Opens Lower As Iran Keeps Hormuz Closed

KUALA LUMPUR, March 13 (Bernama) -- Bursa Malaysia opened lower on Friday, tracking overnight losses on Wall Street after Iran’s new supreme leader signalled the Strait of Hormuz would remain closed.

Govt Focuses On Economic Stability, Managing Rakyat’s Cost Of Living -- Akmal Nasrullah

PUTRAJAYA, March 12 (Bernama) -- The government will prioritise efforts to maintain economic stability, mitigate the impact on the cost of living, and ensure the domestic economy continues to function well in the wake of current geopolitical challenges and global economic uncertainties.

West Asia Conflict: Special Committee On Economic Impact To Begin Work, Present Report Friday - Fahmi 

PUTRAJAYA, March 11 (Bernama) -- A special committee chaired by Finance Minister II Datuk Seri Amir Hamzah Azizan is being activated to study economic developments and impact following the United States (US)–Iran conflict, said MADANI Government spokesman Datuk Fahmi Fadzil.

West Asia Conflict: First Meeting Of Special Committee Held, Results To Be Presented This Friday

PUTRAJAYA, March 11 (Bernama) -- Finance Minister II Datuk Seri Amir Hamzah Azizan chaired the first meeting of the Special Committee on Energy Security and the Impact of West Asia Conflict today.

West Asia Conflict: Special Committee On Economic Impact To Begin Work, Present Report Friday - Fahmi 

PUTRAJAYA, March 11 (Bernama) -- A special committee chaired by Finance Minister II Datuk Seri Amir Hamzah Azizan is being activated to study economic developments and impact following the United States (US)–Iran conflict, said MADANI Government spokesman Datuk Fahmi Fadzil.

Govt Conducting Cost-benefit Analysis Of Agreement On Reciprocal Trade - MITI

KUALA LUMPUR, March 10 (Bernama) -- A comprehensive assessment, including a cost-benefit analysis of the Agreement on Reciprocal Trade (ART), is underway to ensure that any decision is based on national interests and complies with Malaysia’s commitments, obligations, and policy space.