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Malaysia maintains lowest fuel prices in region as global oil squeeze deepens Asean gap
KUALA LUMPUR, March 27 — Fuel prices across South-east Asia are edging higher, with variations among Asean member states reflecting differing subsidy frameworks, taxation structures, and exposure to global oil markets. The trend comes amid geopolitical tensions in West Asia,
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Ringgit rises for fourth day as Malaysia balances fuel subsidies amid West Asia tensions
KUALA LUMPUR, March 27 — The ringgit opened higher for the fourth consecutive day as the Malaysian government adopts a pragmatic approach to fuel subsidies by balancing between fiscal discipline and cost-of-living concerns amid West Asia tensions. At 8 am, the
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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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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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Relief rally fades, Asian stocks slide, oil spike clouds outlook
SINGAPORE, March 26 — Asian stocks slid in choppy trading while the oil rose today as investors treaded cautiously amid the dizzying pace of developments in the Middle East, with Iran saying it would weigh a US proposal to end
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WTO at a crossroads, members struggle to find common ground at key summit in Cameroon
YAOUNDÉ (Cameroon), March 26 — The World Trade Organisation’s 166 members appeared deeply divided as ministers gathered in the Cameroonian capital for a key conference starting today, amid global economic turmoil linked to the Middle East war. Over four days,
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