Govt subsidies to hit RM100bln a year if oil reaches US$100 a barrel
KUALA LUMPUR, Sept 19 — The government may have to bear more than RM100 billion in subsidies annually if the world crude oil price hits US$100 a barrel,...
Ringgit eases as greenback strengthens on inflation concerns
KUALA LUMPUR, Sept 7 — The ringgit eased further against the US dollar as fresh worries over sticky US inflation kept investors away from emerging markets. At...
Govt saves RM4.1 bln with implementation of targeted electricity subsidy
KUALA LUMPUR, March 21 — The government is able to save RM4.1 billion through the implementation of targeted electricity subsidy for half a year in...
Oil prices tumble amid banking fears
NEW YORK, March 14 — Oil prices fell sharply on Monday as traders remained concerned over contagion from the collapse of US lender Silicon Valley...
Oil prices rise modestly as traders assess Russian output cut
NEW YORK, Feb. 14 — Oil prices eked out modest gains on Monday as market participants weighed Russia’s plan to cut its oil production, reported...
Oil prices edge up on strong US economic data, Chinese demand hope
Reuters, Jan 27 — Oil prices edged marginally higher on Friday, extending for a second session on strong U.S. economic data and strengthening hope that...
Indonesia considering buying Russian oil as fuel prices soar
REUTERS, Sept 12 — Indonesian President Joko Widodo is considering joining India and China in buying Russian oil to offset the increasing pressure of rising...
Ringgit ends higher against US dollar
KUALA LUMPUR, Aug 26 — The ringgit extended yesterday’s gains to end the week higher against the US dollar today, boosted by a rally in...
Myanmar to import Russian oil, military says
REUTERS, Aug 19 — Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices, a junta spokesperson said,...
EU leaders agree in Russian oil embargo
BRUSSELS, May 31 — European Union (EU) countries agreed late Monday to reduce the amount of oil purchased from Russia by 90 per cent by...
AirAsia Malaysia brings back fuel surcharges due to escalating fuel prices
KUALA LUMPUR, March 5 — AirAsia Malaysia will be reintroducing fuel surcharges beginning March 8, 2022, to all its domestic and international flights to offset...
Ringgit slightly lower in early trade
KUALA LUMPUR, Aug 6 — The ringgit was slightly lower against the US dollar in the early trade on Friday, taking its cue from the...