Local News
Malaysia can avoid Iran war’s immediate economic shocks, say economists
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...
Malaysia to safeguard port operations after shipping disruptions
[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...
Malaysia says its airlines may suspend some flights as fuel costs rise due to Iran war
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...
Malaysia’s integrated O&G system shields economy from global shocks, says analyst
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...
Justified to maintain subsidised diesel in East Malaysia
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...
Here’s where container rates will go in extended Iran war
As the U.S. threatens to escalate attacks against Iran, the shutdown of a key Persian Gulf shipping lane is causing congestion at regional ports that threatens to spread to the global supply chain. Now entering its second week, the undeclared war has hampered ports...
Global tension, Malaysia’s maritime future: Turning crisis into strategic opportunity — Izyan Munirah Mohd Zaideeen
MARCH 7 — Rising tensions in the Middle East involving Iran, the United States, and Israel are sending shockwaves across the global landscape. What may appear as a regional conflict carries far-reaching implications for international trade, energy markets,...
Malaysia able to support regional energy supply, says expert
KUALA LUMPUR: Malaysia can capitalise on the large-scale oil supply disruption caused by the conflict in the Middle East by positioning itself as a viable and more reliable energy supplier to customers in Asia, said commentator and scholar in the field...
Johor leads Malaysia with record RM110b in approved investments, outpacing Selangor and Kuala Lumpur
He was accompanied by Mida chairman and Senior Political Advisor to the Prime Minister, Datuk Seri Tengku Zafrul Tengku Abdul Aziz, who is also the former Investment, Trade and Industry Minister. During the announcement, Johor’s approved investment value of RM110...
Malaysia Scraps Kuwaiti Hornet Deal
MALAYSIA’S government has cancelled plans to acquire the Kuwait Air Force’s (KAF) fleet of inactive F/A-18C/D Hornet fighter jets to be transferred to the Royal Malaysian Air Force (RMAF). The deputy defence minister Adly Zahari said the decision had been reached...