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MetMalaysia: Perlis, four Kedah districts hit Level 2 heatwave, 16 areas at Level 1
KUALA LUMPUR, March 26 — Perlis and four districts in Kedah are experiencing a Level 2 heatwave, while 16 other areas in Peninsular Malaysia are under Level 1 (alert) status as at 4 pm today. The Malaysian Meteorological Department (MetMalaysia)
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Sunway shareholders greenlight IJM bid, but deal snags on PNB rejection
KUALA LUMPUR, March 26 — Sunway Bhd’s shareholders have overwhelmingly approved the company’s bid to take over construction giant IJM Corporation Bhd, founder and chairman Tan Sri Jeffrey Cheah said today. However, the deal faces a significant hurdle as a
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Asia cargo flows stay strong, supply chain realignment boosts Asean, says MTTSL
KUALA LUMPUR, March 26 — Cargo volumes in the Asian region remain robust amid global geopolitical tensions, driven by China’s market diversification and the ongoing realignment of supply chains to South-east Asia, said MTT Shipping and Logistics Bhd (MTTSL) managing
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Thailand defends six-baht-per-litre fuel price hike, cites oil surge and fund pressure
BANGKOK, March 26 — Thailand has defended a 6-baht-per-litre fuel price increase, citing surging global oil prices and mounting pressure on the state subsidy fund amid tensions in West Asia. Director of Policy and Planning at the Oil Fuel Fund
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Russian oil arrives as Philippines battles ‘energy emergency’
MANILA, March 26 — A ship carrying more than 700,000 barrels of Russian crude oil has arrived in the Philippines, a source with knowledge of the matter told AFP today, days after the country declared a national energy emergency over
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PM: Malaysia, China renew pledge to deepen diplomatic and security cooperation amid global tensions
KUALA LUMPUR, March 26 — Malaysia and China have pledged to further strengthen diplomatic relations and security cooperation to safeguard the social and economic prosperity enjoyed by both nations amid current and future global challenges. Prime Minister Datuk Seri Anwar
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Singapore says fuel supply stable, but price shock may force government action
SINGAPORE, March 26 — Singapore’s fuel supply remains stable for now, with stockpiles intact and supply lines open, even as prices climb amid the Middle East conflict, Acting Transport Minister Jeffrey Siow said. Responding to questions from The Straits Times today, Siow
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Rising petrol prices accelerate shift to used electric vehicles in Europe
PARIS, March 26 — Petrol price spikes triggered by the war in Iran are boosting used electric vehicle sales across Europe, online car platforms told Reuters, in an early sign that pain at the pump is pushing consumers away from
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German chemical giant BASF opens RM40b China mega-plant, bets big despite controversy
FRANKFURT, March 26 — German chemical titan BASF officially opened a giant, €8.7 billion (RM40.1 billion) production complex in China today, a major but controversial expansion in the world’s number two economy. The complex in Zhanjiang, Guandong province, sprawls over
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Seoul restricts naphtha exports as Hormuz disruption hits supply chains
SEOUL, March 26 — South Korea will begin restricting naphtha exports Friday amid growing supply shortages due to the West Asian situation, Seoul’s finance chief said Thursday, Yonhap News Agency reported. According to the plan announced by Finance Minister Koo
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