Escalating Tension In Middle East Raises Cost Concerns Among Travellers, Insurers

By Karina Imran

KUALA LUMPUR, June 27 (Bernama) — Air travellers and insurance companies are deeply concerned over possible rise in costs brought on by the escalating geopolitical tension in the Middle East which has led to abrupt closure of major airports in the region, which serve as among the busiest aviation hubs.

MIDF Amanah: Strait Of Hormuz Closure Poses Limited Risk To Malaysia

KUALA LUMPUR, June 26 (Bernama) -- The possible closure of the Strait of Hormuz following the recent Iranian parliamentary vote poses limited risk to Malaysia, said MIDF Amanah Investment Bank Bhd.

Geopolitical Tensions, Abrupt Airspace Closures Keep Malaysian And Global Airlines On High Alert

KUALA LUMPUR, June 25 (Bernama) -- Malaysia’s aviation sector is on high alert, prioritising safety to avoid a repeat of the downing of Malaysia Airlines flight MH17 more than a decade ago. The heightened caution follows a wave of airspace closures by Arab states after Iran launched a missile strike on a United States (US) base in Qatar.

Flight Delays At Kuching Airport After RMAF Jet Incident Forces Runway Closure

By K.Naveen Prabu

KUALA LUMPUR, June 23 (Bernama) -- Batik Air is among the airlines affected by a temporary runway closure at Kuching International Airport (KIA) today, following a runway excursion involving a Royal Malaysian Air Force (RMAF) aircraft.

Ringgit Closes Lower Against US Dollar Amid Mideast Uncertainty

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, June 23 (Bernama) -- The ringgit closed lower against the greenback on Monday as US involvement in the war between Israel and Iran spurred demand for safe haven assets like the American dollar, an analyst said.

Runway At Kuching International Airport Closed Following Aircraft-Related Incident

KUALA LUMPUR, June 23 (Bernama) -- The runway at Kuching International Airport (KIA) is currently closed to facilitate the removal of a Royal Malaysian Air Force aircraft and subsequent runway clearing works, following an aircraft-related incident at 11.30am today.

Crude Oil May Climb To US$85 Per Barrel On Geopolitical Risks, Says Analysts

KUALA LUMPUR, June 23 (Bernama) -- Crude oil prices are expected to rise towards US$85 per barrel in the near term, driven by supply-side risks stemming from recent geopolitical developments, according to CIMB Securities Sdn Bhd.

Bursa Malaysia Opens Marginally Lower In Absence Of Catalyst

KUALA LUMPUR, June 20 (Bernama) -- Bursa Malaysia opened marginally lower in the absence of new catalyst, coupled with the closure of Wall Street on June 19, an analyst said.

No Energy Disruption Yet, But Industry To Closely Track Prices -- S&P Global

KUALA LUMPUR, June 18 (Bernama) -- There is no global energy disruption so far, but industries will continue to closely monitor price developments, said S&P Global vice-chairman Daniel Yergin. 

Iran-Israel Conflict Poses Limited Economic Risk To Malaysia - CIMB Securities

KUALA LUMPUR, June 18 (Bernama) -- The Iran-Israel conflict poses limited direct economic risk to Malaysia, given the country’s minimal trade exposure to the region and historical evidence that oil price surges linked to conflicts tend to be short-lived, according to CIMB Securities Sdn Bhd.

Strait Of Hormuz A Concern, But Oil Industry Remains Stable – PM Anwar

KUALA LUMPUR, June 16 -- The Israel-Iran conflict will not necessarily hurt the oil industry or price mechanisms of the commodity, said Prime Minister Datuk Seri Anwar Ibrahim.

Economic News Reporting Skills Pivotal As Tariffs Dominate Global Headlines

KUALA LUMPUR, June 13 (Bernama) -- Journalists are keenly aware that knowledge in business and economics reporting is a pivotal component in covering domestic, regional and international issues competently, with tariffs now dominating global headlines.