Sabah Welcomes More Collaboration With Petronas - Hajiji

KOTA KINABALU, March 3 (Bernama) -- Sabah Chief Minister Datuk Seri Hajiji Noor has welcomed Petroliam Nasional Bhd’s (Petronas) commitment to exploring further collaboration to enhance Sabah’s participation in the oil and gas industry.

Bursa Malaysia's Key Index Rises 0.69 Pct At Close, Snaps Five-Day Losing Streak

By Siti Radziah Hamzah

KUALA LUMPUR, March 3 (Bernama) -- Bursa Malaysia’s benchmark index snapped a five-day losing streak to end higher on Tuesday, recouping part of the previous day’s losses, with gains driven by banking heavyweights, oil and gas-related counters, and renewed buying interest in selected consumer retail stocks, despite weaker performances across the region..

Petronas Closely Monitoring Developments In Middle East

By Siti Radziah Hamzah

KUALA LUMPUR, March 3 (Bernama) -- Petroliam Nasional Bhd (Petronas) is closely monitoring the developments in parts of the Middle East with concern and remains fully committed to ensuring the safety, security and welfare of its employees, dependents, as well as its contractors who are supporting its operations across the region.

Bursa Malaysia Ends Morning Session Higher

KUALA LUMPUR, March 3 (Bernama) -- Bursa Malaysia ended the morning trading session higher, amid bargain-hunting activities after yesterday’s sharp losses.

Bargain Hunting Lifts Bursa Malaysia In Early Trade

KUALA LUMPUR, March 3 (Bernama) -- Bursa Malaysia rebounded to open higher on Tuesday as bargain hunting emerged after yesterday’s sell-off.

Malaysia’s Exposure To US-Iran Conflict Moderate, Manageable — Economist

KUALA LUMPUR, March 3 (Bernama) -- Malaysia has a moderate exposure to the ongoing United States-Iran conflict, and the situation is manageable from a macroeconomic standpoint, supported in part by its position as a net oil and gas exporter, said an economist.

Velesto Energy Unit Bags US$157 Mln Contract From Petronas Carigali

KUALA LUMPUR, March 2 (Bernama) -- Velesto Energy Bhd's (VEB) indirect wholly owned subsidiary, Velesto Drilling Sdn Bhd, has secured a contract worth US$157 million from Petronas Carigali Sdn Bhd (PCSB) to provide a jack-up drilling rig for the PCSB 2026-2030 contract period.

Bursa Malaysia Ends Broadly Lower As Sentiment Dampened By Middle East Conflict

KUALA LUMPUR, March 2 (Bernama) -- Bursa Malaysia ended broadly lower on Monday as risk sentiment deteriorated sharply following renewed escalation in the Middle East conflict, triggering a widespread regional equity sell-off.

Bursa Malaysia Sees Red In Early Trade, CI Below 1,700 Points

KUALA LUMPUR, March 2 (Bernama) -- Bursa Malaysia opened in the red, with the benchmark index falling more than 1.0 per cent, in line with most regional markets, amid intensified risk-off sentiment as concerns over the Middle East conflict escalated.

Market Positioning May Limit Fallout On Malaysia From Middle East Conflict - Economist

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.

Malaysia To See Mixed Economic Impact From Oil Risk Premium Amid Current Iran-US Situation

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Feb 28 (Bernama) -- Malaysia’s economic outlook amid the current situation between Iran and the United States will depend largely on whether there is any physical disruption to crude shipments through the Strait of Hormuz, said SPI Asset Management managing partner Stephen Innes.

Bursa Malaysia Closes Lower On Profit-taking After Rally

By Abdul Hamid A Rahman

KUALA LUMPUR, Feb 27 (Bernama) -- Bursa Malaysia ended lower on Friday as investors locked in gains following a recent rally.