Malaysia Airlines Flight Services To London, Paris Operate As Scheduled
KUALA LUMPUR, March 2 (Bernama) -- Malaysia Airlines confirms that all services to and from London and Paris continue to operate as scheduled.
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Rubber Market Ends Higher On Surging Oil Prices, Supply Concerns
By K. Naveen Prabu
KUALA LUMPUR, March 2 (Bernama) -- The Kuala Lumpur rubber market ended higher today, supported by a sharp jump in crude oil prices.
Iranian Drone Hits Saudi Aramco's Ras Tanura Refinery: Reports
ISTANBUL, March 2 (Bernama-Anadolu/Ina) -- An Iranian drone strike targeted Saudi Aramco’s Ras Tanura oil refining facility on Monday, igniting a fire outbreak, Anadolu Ajansi reported, citing media reports.
Ship, Cargo War Insurance Surge Amid Middle East Tensions
By Harizah Hanim Mohamed
KUALA LUMPUR, March 2 (Bernama) – The global maritime industry is closely monitoring rising tensions in the Middle East, with hull insurance and cargo war risk coverage skyrocketing in response to the current situation.
BNM Likely To Maintain OPR At 2.75 Pct -- Bank Muamalat
KUALA LUMPUR, March 2 (Bernama) -- Bank Negara Malaysia (BNM) is likely to keep the Overnight Policy Rate (OPR) at 2.75 per cent when the Monetary Policy Committee (MPC) meets this Thursday, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.
Bursa Malaysia Ends Morning Session Lower Due To Middle East Conflict
KUALA LUMPUR, March 2 (Bernama) -- Bursa Malaysia ended the morning trading session in the red, in tandem with regional markets, as risk appetite for equities was dampened by the ongoing Middle East conflict.
Malaysia Must Brace For More Expensive Imports Following Middle East Conflict -- Tengku Zafrul
KUALA LUMPUR, March 2 (Bernama) -- Malaysia must be prepared to face impacts such as more expensive imports following the conflict in the Middle East, said Malaysian Investment Development Authority (MIDA) chairman Tengku Datuk Seri Zafrul Abdul Aziz.
Brent Crude May Spike By US$15-US$20 Per Barrel Amid Us-Iran Conflict, Says Public IB
KUALA LUMPUR, March 2 (Bernama) -- The United States-Iran conflict could result in Brent crude prices posting a “knee-jerk” move of US$15-US$20 per barrel (bbl) (US$1=RM3.89) from the latest close, potentially lifting it towards the US$90 bbl level, said Public Investment Bank Bhd (Public IB).
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.
US-Iran Conflict Disrupts Global Aviation, Could Cost Industry More Than US$1 Bln
By Zufazlin Baharuddin & Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 1 (Bernama) -- The US-Iran conflict has significantly disrupted airport operations and is poised to have a material near-term impact on global aviation, with aggregate industry costs potentially exceeding US$1 billion (US$1 = RM3.89) should the situation intensify, an economist said.
Force Majeure Unlikely Despite Strait Of Hormuz Shipping Disruption -- Analyst
KUALA LUMPUR, March 1 (Bernama) -- Gulf national oil companies are unlikely to declare force majeure pre-emptively amid elevated geopolitical risks in the Middle East, following the reported sea traffic disruptions in the Strait of Hormuz, said SPI Asset Management managing partner Stephen Innes today.
US-Iran Tensions May Drive Global Gold Prices Towards US$5,500 Per Ounce - Analyst
By Danni Haizal Danial Donald
KUALA LUMPUR, March 1 (Bernama) -- The ongoing attack against Iran by the United States and Israel has driven investors toward safe-haven assets, pushing global gold prices up to US$5,500 per ounce, said an analyst.