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Global Air Travel Demand Will More Than Double By 2050 -- IATA

KUALA LUMPUR, March 17 (Bernama) -- The International Air Transport Association (IATA) has released its Long-Term Demand Projections (LTDP) report for air travel, which projected that global air passenger demand will more than double by 2050.

Institutions Over Barrels: Why Petronas Matters to Malaysia’s Energy Security

By Samirul Ariff

Public discussion about energy often begins with a simple question: how much oil does a country possess? Yet this question, while intuitive, can be misleading. The real determinant of energy security is not merely the quantity of hydrocarbons beneath the ground, but the institutions and systems that govern their extraction, transport and distribution. Malaysia’s experience illustrates this principle clearly.

Prolonged US-Iran Conflict May Trigger 70 Pct Drop In West Asia Oil Output -- Rystad Energy

KUALA LUMPUR, March 14 (Bernama) -- A prolonged conflict between the United States (US) and Iran could slash West Asia crude oil output by as much as 70 per cent in a worst-case scenario, energy research firm Rystad Energy said.

Smiths Detection Sells 2,000th HI-SCAN 6040 CTiX Scanner

KUALA LUMPUR, 12 March (Bernama) -- Smiths Detection has announced the sale of its 2,000th HI-SCAN 6040 CTiX, a 3D X-ray scanner designed to enhance aviation security screening through high-resolution computed tomography images and artificial intelligence (AI)-driven automatic detection.

Malaysia Has Some Structural Resilience To External Shocks But Cannot Fully Insulate Itself - Petronas

KUALA LUMPUR, March 12 (Bernama) -- Petroliam Nasional Bhd (Petronas) says the country has a degree of structural resilience to external shocks arising from the ongoing US-Iran conflict. 

US-Iran Conflict And Energy Lockdowns: What's Next For Asia?

By Saraswathi Muniappan

KUALA LUMPUR, March 12 (Bernama) -- The latest disruption to global trade due to the United States-Iran conflict is hardly surprising.

Lufthansa Sees Malaysia As Lucrative Aviation Market For Leisure, Business Travel

By Kisho Kumari Sucedaram

KUALA LUMPUR, March 9 (Bernama) -- The Lufthansa Group, which is strengthening its presence in Southeast Asia, views Malaysia as a lucrative aviation market, especially for leisure and business travellers as airlines recalibrate networks and seek growth opportunities beyond the increasingly volatile Middle East region.

Xsolla Launches Reseller Program To Unlock Global Game Revenue

KUALA LUMPUR, March 6 (Bernama) -- Xsolla, a global video game commerce company, announced the debut of the Xsolla Reseller Program, a new product designed to help game developers instantly scale and capture billions in untapped revenue within local markets worldwide.

Asia's Processing, Packaging Industry To Grow On F&B Demand This Year -- Informa Markets

BANGKOK, March 6 (Bernama) -- The processing and packaging industry across Asia is expected to see continued growth this year, particularly driven by increasing demand from the food and beverage (F&B) sector and expanding manufacturing activities across the region.

MATRADE Takes Mitigation Steps To Safeguard Malaysian Exports Amid West Asia Conflicts

KUALA LUMPUR, March 5 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) is taking proactive steps to cushion the impact of escalating geopolitical conflicts in West Asia, by activating a comprehensive mitigation framework to support Malaysian exporters navigating maritime blockades, surging logistics costs and supply chain disruptions. 

ImmunoScape Inks MoU With US Cancer Centre, Secures Investment

KUALA LUMPUR, March 5 (Bernama) -- ImmunoScape Pte Ltd, a clinical-stage biotechnology company, has announced the execution of a memorandum of understanding (MoU) with a premier National Cancer Institute (NCI)-designated Comprehensive Cancer Center in the United States (US).

US-Iran Escalation Keeps Oil Prices Firm, Lifts Palm Oil Outlook -- MPOC

KUALA LUMPUR, March 5 (Bernama) -- Prolonged conflict in the Middle East could sustain a price floor for crude oil through 2026, lending underlying support to palm oil prices and reinforcing firmer trends across the global edible oils market.