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KUALA LUMPUR, March 30 (Bernama) -- Bursa Malaysia’s benchmark index closed lower today, in line with most regional markets, as investors adjusted their risk exposure amid spiralling oil prices driven by the ongoing West Asia conflict, now in its second month.
KUALA LUMPUR, March 30 (Bernama) -- Malaysia remains well-positioned to withstand rising fiscal pressures as the price of Brent crude holds above US$100 per barrel, with stronger petroleum-related revenues expected to cushion the impact of a higher RON95 subsidy bill, said analysts.
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, March 30 (Bernama) -- The ringgit eased on Monday as market players continued to shift towards safe-haven assets amid uncertainties surrounding the fallout from the ongoing conflict in West Asia, now stretching beyond a month.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 28 (Bernama) -- The ringgit is expected to trade around the 4.00 level against the US dollar next week, as expectations of a prolonged West Asia conflict weigh on the currency.
By Siti Noor Afera Abu
KUALA LUMPUR, March 28 (Bernama) -- Bursa Malaysia is expected to trade cautiously next week as the unresolved West Asia conflict continues to shape global market direction.
By Siti Noor Afera Abu
KUALA LUMPUR, March 27 (Bernama) -- Bursa Malaysia ended the week marginally higher, supported by strong gains in selected heavyweight stocks led by healthcare and construction sectors, in line with the generally positive performance across regional markets.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 27 (Bernama) -- The ringgit, along with other regional currencies, closed lower against the US dollar on Friday as investors, both globally and regionally, shifted back to safe-haven investments due to ongoing geopolitical uncertainties in West Asia.
By Danni Haizal Danial Donald
KUALA LUMPUR, March 27 (Bernama) -- The ringgit retreated to the 4.00 level against the US dollar at noon, as risk-off mode dominated market sentiment due to growing scepticism over a ceasefire in Iran after United States (US) President Donald Trump indicated that he would not commit to a deal with Tehran.
By Danni Haizal Danial Donald
KUALA LUMPUR, March 27 (Bernama) -- The ringgit opened higher for the fourth consecutive day as the Malaysian government adopts a pragmatic approach to fuel subsidies by balancing between fiscal discipline and cost-of-living concerns amid West Asia tensions.
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, March 26 (Bernama) -- The government’s move to adjust the monthly quota for subsidised BUDI MADANI RON95 (BUDI95) petrol to 200 litres from 300 litres is a much-needed temporary measure to reduce subsidy spending amid the spike in oil prices brought on by the conflict in West Asia, said an economist.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 26 (Bernama) -- The ringgit weakened against the US dollar and other currencies at Thursday’s close as uncertainties over the conflict in West Asia triggered a risk-off mode in financial markets.
KUALA LUMPUR, March 26 (Bernama) -- Malaysians are advised to prepare for a prolonged period of pressure in the oil market even if the conflict in West Asia eases in the near term.
