MTT Shipping Opens Slightly Higher At RM1.08 In Main Market Debut

KUALA LUMPUR, April 21 (Bernama) -- MTT Shipping and Logistics Bhd opened at RM1.08 in its Main Market debut on Bursa Malaysia today, five sen above its initial public offering (IPO) price of RM1.03.

Bursa Malaysia Closes Higher On Buying In Defensive Large-Cap Stocks

By Abdul Hamid A Rahman

KUALA LUMPUR, April 20 (Bernama) -- Bursa Malaysia closed higher today, supported by buying interest in large-cap stocks as investors shifted toward defensive counters amid rising geopolitical uncertainty.

Bursa Malaysia Opens Lower Amid Protracted West Asia Uncertainties

KUALA LUMPUR, April 20 (Bernama) -- Bursa Malaysia opened lower today as investors turned cautious despite last Friday’s gains on Wall Street amid protracted West Asia uncertainties.

Malaysia Consumes 700,000 Barrels Of Oil Per Day, Double The Daily Production -- MOF

KUALA LUMPUR, April 18 (Bernama) -- Malaysia still needs to import crude oil despite having its own oil production because domestic consumption is much higher, at about 700,000 barrels per day, compared to the 350,000 barrels produced per day, according to the Finance Ministry (MoF).

Strait Of Hormuz Reopening A Positive Step, Supply Security A Priority -- Akmal Nasrullah

KUALA LUMPUR, April 18 (Bernama) -- Economy Minister Akmal Nasrullah Mohd Nasir today described Iran’s commitment to keeping the strategic Strait of Hormuz open as a positive step.

Petronas Takes Delivery Of One Million Barrels Of Iraqi Crude Via Ocean Thunder

KUALA LUMPUR, April 18 (Bernama) -- Petroliam Nasional Bhd (Petronas) on Saturday confirmed that the vessel Ocean Thunder has arrived in Malaysia, transporting one million barrels of crude oil originating from Basrah, Iraq.

Strait Of Hormuz Reopening Good News But Too Early To Celebrate - Economist

KUALA LUMPUR, April 18 (Bernama) -- Iran’s move to reopen the Strait of Hormuz is welcome news, but it is too early to celebrate as the security situation remains fragile with elevated insurance costs, University of Nottingham Malaysia assistant professor of business economics Dr Tan Chee Meng said.

Malaysia Balances Legal Rights With Diplomacy As Strait Of Hormuz Blockade Tests UNCLOS

KUALA LUMPUR, April 16 (Bernama) – Malaysia’s ability to negotiate with Iran to secure safe passage for its crude oil imports through the vital Strait of Hormuz is not indicative of a failure of the principles of international maritime law, but rather reflects the reality that rights under law often require diplomatic backing, said a logistics expert.

Bursa Malaysia Ends Lower Following US Plan To Blockade Strait Of Hormuz

By Danni Haizal Danial Donald

KUALA LUMPUR, April 13 (Bernama) -- Bursa Malaysia closed lower on Monday, tracking weaker regional market performance after Iran-United States talks ended in a stalemate, prompting Washington to proceed with plans to blockade the Strait of Hormuz and escalating geopolitical tensions.

Ringgit Opens Mostly Higher Against Major Currencies, Slightly Lower Vs Greenback

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, April 13 (Bernama) -- The ringgit opened mostly higher against major currencies today, but eased slightly against the US dollar amid growing external uncertainties and firmer demand for the US dollar.

Uncertain Global Security Landscape Warrants Malaysia And Turkiye To Elevate Defence Ties

KUALA LUMPUR, April 11 (Bernama) – An academic has urged Malaysia and Turkiye to strengthen defence cooperation by moving beyond procurement and establishing a strategic partnership to jointly develop the local defence and aerospace industry.

Oil Rebounds As Markets Track US-Iran Ceasefire, Hormuz Situation

KUALA LUMPUR, April 9 (Bernama) -- Oil prices rebounded towards US$100 per barrel amid lingering uncertainty over the two-week United States-Iran ceasefire and Iran’s renewed closure of the Strait of Hormuz following Israeli strikes on Lebanon.