M alaysia’s finance ministry announced price hikes on diesel and other transport fuels for the second week in a row, driven by surging oil costs as a result of the ongoing conflict in the Middle East. The cost of the subsidised RON95...
KUALA LUMPUR, March 19 (Xinhua) — Ongoing energy disruptions resulting from the continuing conflict in the Middle East have resulted in spillover effects on the Southeast Asian region, particularly affecting the energy price, trade logistics and food security....
From March 1 to 19, commodities carriers made just 114 crossings, according to analytics firm Kpler — a decrease of 95 percent from peacetime. Of these, 69 crossings were by oil tankers and more than half were loaded, Kpler data showed, with most travelling east...
KUALA LUMPUR – For some, the war in the Middle East may feel far away. But for Mr Latiff Abu Hassan, a community leader and seed supplier, the conflict has already landed in his garden. Over the past few weeks, the 55-year-old has been spending...
Malaysia can avoid the immediate economic shocks from rising oil prices triggered by the Iran war, economists say, although an increase in living costs is likely if the conflict prolongs. Yeah Kim Leng of Sunway University said the economic impact on Malaysia is...
[KUALA LUMPUR] Malaysia will take several measures to protect port operations following shipping disruptions stemming from the war in the Middle East, Transport Minister Anthony Loke said on Tuesday (Mar 10). The measures include clearing empty containers from port...
