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...
KUALA LUMPUR – Malaysia said its airlines may need to suspend some flights if the Middle East war pushes fuel costs significantly higher. Jet fuel accounts for almost half of airlines’ operating costs, Malaysia’s Transport Minister Anthony Loke said on...
Oil and gas analyst Samirul Ariff says the Petroleum Development Act 1974 has allowed Petronas to create a coordinated industry that strengthens Malaysia’s energy resilience.PETALING JAYA: Malaysia’s integrated oil and gas industry, built around the Petroleum...
THE Federal Government’s decision to maintain subsidised diesel prices in Sabah and Sarawak is justified, taking into account geographical factors and the still significant price gap for goods compared to Peninsular Malaysia.Minister Armizan said although fuel price...
The Strait of Hormuz shutdown is having a direct effect on the price of oil and LNG, and in some downstream and byproduct markets, the impact is becoming acute. Net global oil supply is expected to fall by eight million barrels per day in March, according to the IEA....
