3d ago
KUALA LUMPUR, March 13 (Bernama) -- Gold prices may decline temporarily as investors sell liquid assets to raise US dollar funding, similar to trends seen during the global financial crisis and the early phase of the COVID-19 shock, according to an analyst.
3d ago
KUALA LUMPUR, March 13 (Bernama) -- Rakuten Trade has revised its forecast for the FTSE Bursa Malaysia KLCI (FBM KLCI) slightly lower at 1,800 for 2026 from 1,810 previously in view of the overhanging uncertainty.
3d ago
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.
3d ago
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.
3d ago
KUALA LUMPUR, March 13 (Bernama) -- Oil and gas-related stocks opened higher after Iran’s new supreme leader indicated the Strait of Hormuz would stay closed.
3d ago
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.
3d ago
KUALA LUMPUR, March 13 (Bernama) -- The ringgit opened higher against a basket of major currencies but weakened against the US dollar on Friday, as escalating tensions in West Asia dampened risk appetite, an economist said.
4d ago
KUALA LUMPUR, March 12 (Bernama) -- Bursa Malaysia’s benchmark index reversed earlier losses to end at its intraday high on Thursday, staging a late rebound during the final hour of trading.
4d ago
KUALA LUMPUR, March 12 (Bernama) -- The Kuala Lumpur rubber market rebounded from yesterday’s losses to close higher on Thursday, supported by a recovery in crude oil prices amid mixed signals from regional rubber futures markets, said a dealer.
4d ago
KUALA LUMPUR, March 12 (Bernama) -- Redslim, a specialist in end-to-end data management solutions and an Astorg portfolio company, has announced its expansion into the Asia-Pacific (APAC) region alongside the appointment of Kyriakos Zannikos as Regional Director for APAC.
4d ago
KUALA LUMPUR, March 12 (Bernama) -- The continued closure of the Strait of Hormuz following the United States (US)-Iran military escalation is pushing Gulf countries’ oil inventories toward maximum capacity, posing serious operational challenges for refiners across the region.