Govt To Keep Subsidised RON95 Price At RM1.99 A Litre, Not Planning Drastic Changes - Akmal Nasrullah

KUALA LUMPUR, March 3 (Bernama) -- The government will continue to maintain the subsidised RON95 petrol price at RM1.99 per litre and has no plans to make any drastic changes to the current price or policy, said Economy Minister Akmal Nasrullah Nasir.

European Markets Fall As Middle East Tensions Escalate

BRUSSELS/FRANKFURT/PARIS, March 3 (Bernama-dpa-AFX) -- Most European markets closed sharply lower on Monday as stocks tumbled amid escalating tensions in the Middle East, following coordinated US and Israeli strikes on Iran and Tehran’s retaliatory attacks on US bases across the region, reported dpa-AFX.

Strait Of Hormuz Closure May Sharply Tighten Crude Oil, LNG Supply – Akmal Nasrullah

KUALA LUMPUR, March 3 (Bernama) -- A temporary closure or restriction of the Strait of Hormuz could sharply tighten supply, pushing up global crude oil and liquefied natural gas (LNG) prices, Economy Minister Akmal Nasrullah Nasir said.

Bargain Hunting Lifts Bursa Malaysia In Early Trade

KUALA LUMPUR, March 3 (Bernama) -- Bursa Malaysia rebounded to open higher on Tuesday as bargain hunting emerged after yesterday’s sell-off.

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.

CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict

By K. Naveen Prabu

KUALA LUMPUR, March 2 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today, supported by a rally in crude oil prices amid the ongoing US-Iran conflict. 

Bursa Malaysia Ends Broadly Lower As Sentiment Dampened By Middle East Conflict

KUALA LUMPUR, March 2 (Bernama) -- Bursa Malaysia ended broadly lower on Monday as risk sentiment deteriorated sharply following renewed escalation in the Middle East conflict, triggering a widespread regional equity sell-off.

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.

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.