Oil prices post three pct annual decline, slipping for second year in a row
HOUSTON, Jan 1 — Oil prices fell around three per cent in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled,...
PPI down in September after seven straight months of growth — DOSM
KUALA LUMPUR, Oct 28 — Malaysia’s Producer Price Index (PPI), which measures the price changes of goods at the producer level, fell year-on-year to 2.1...
Oil prices surge amid escalating tensions
ANKARA, Oct 21 — Oil prices increased on Monday amid news reports that Israel is preparing a major attack on Iran in response to Tehran’s...
Ringgit ends lower amid expectation of smaller US rate cut, sharp fall in oil price
KUALA LUMPUR, Oct 15 — The ringgit depreciated against the US dollar at the close on Tuesday amid a sharp fall in the price of...
Oil prices climb over two pct following escalating Middle East geopolitical tensions
ISTANBUL, Oct 2 — Oil prices surged over two per cent on Wednesday following escalating tensions in the Middle East, as concerns grew that Iran’s...
Eight OPEC+ members extend voluntary oil output cuts until November
VIENNA, Sept 6 — Eight OPEC+ member countries have agreed to extend their voluntary oil production cuts by two months, pushing the deadline to the...
Opec+ council says committed to current output cuts
VIENNA, Aug 2 — The Joint Ministerial Monitoring Committee (JMMC) of Opec+, the Organisation of the Petroleum Exporting Countries (Opec) and its allies, yesterday confirmed...
Opec buoyant on UAE’s full-year economic performance
DUBAI, Aug 11 — The Organisation of the Petroleum Exporting Countries (OPEC) has expressed confidence that the United Arab Emirates (UAE) will continue its robust...
Ringgit recovers as US dollar retreats from 20-year high
KUALA LUMPUR, Aug 30 — The ringgit strengthened at the close Tuesday as the US dollar lost traction against a basket of major currencies amid...
Ringgit rebounds to close higher against US dollar
KUALA LUMPUR, March 29 — The ringgit rebounded from yesterday’s losses to end slightly higher against the US dollar today as some investors returned to...
CPI expected to remain encouraging in 2022, research reveals
KUALA LUMPUR, March 28 — Malaysia’s Consumer Price Index (CPI) is expected to remain encouraging in 2022 with a forecast of 2.4 per cent, thanks...