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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.

Ringgit Edges Higher Vs Greenback As Risk-off Mood Persists

KUALA LUMPUR, March 3 (Bernama) -- The ringgit opened marginally higher against the US dollar on Tuesday, even as risk-off sentiment prevailed amid the ongoing military conflict in the Middle East.

Oil Prices May Climb Towards US$90-US$100 On Saudi Aramco’s Ras Tanura Disruption, Analysts Say

By K. Naveen Prabu

KUALA LUMPUR, March 3 (Bernama) -- Crude oil prices may head towards the US$90-US$100 per barrel level following the disruption at Saudi Arabian state-owned oil giant Saudi Aramco’s Ras Tanura plant, analysts say.

More Than One Billion E-invoices Issued To Date - MoF

KUALA LUMPUR, March 2 (Bernama) --  Since the implementation of e-invoicing began on Aug 1, 2024, a total of 204,928 traders have submitted e-invoices, involving the issuance of more than one billion e-invoices overall to date, according to the Ministry of Finance (MOF).

BNPL Loans Under Control, Expected To Remain At 0.3 Pct Of Total Household Debt -- MoF

KUALA LUMPUR, March 2 (Bernama) -- The risk associated with consumer loans under the Buy Now, Pay Later (BNPL) scheme remains under control and is expected to stay at 0.3 per cent of Malaysia’s total household debt, according to the Ministry of Finance (MOF).

Govt To Ensure Public Financial Management Objectives Result In Better Fiscal Outcomes - MoF

KUALA LUMPUR, March 2 (Bernama) -- The government will ensure that the objectives of public financial management under the Public Finance and Fiscal Responsibility Act 2023 (Act 850) are translated into better fiscal outcomes through the strengthening of a rules-based governance framework to improve transparency and accountability, said the Ministry of Finance (MoF).

Top Glove Appoints Ng Yong Lin, Lim Jin Feng As Joint Managing Directors

KUALA LUMPUR, March 2 (Bernama) -- Top Glove Corporation Bhd has appointed its executive director Ng Yong Lin and marketing director Lim Jin Feng as joint managing directors (MDs) effective April 1, 2026.

Penang MICE Sector Surges With Estimated Economic Impact Of RM1.91 Bln In 2025

GEORGE TOWN, March 2 (Bernama) -- Meetings, Incentives, Conferences, and Exhibitions (MICE) activities in Penang generated about RM1.91 billion in estimated economic impact (EEI) for 2025, a significant 47.7 per cent increase compared to 2024.

Disruption Of Global Aviation Enters Third Day With Airport And Airspace Closures

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.

Gold Futures End Higher On Safe-haven Demand

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.

Smarter Use Of Transaction Data Key To MSMEs’ Next Growth Phase - Paydibs

KUALA LUMPUR, March 2 (Bernama) -- The next phase of growth for micro, small, and medium enterprises (MSMEs) depends on how intelligently transaction data is harnessed, according to Paydibs, a digital payments company. 

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.