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Opec+ to discuss oil production rise as Iran war weighs on markets
VIENNA, April 5 — Key members of the Opec+ oil cartel will today discuss production quotas for next month as the US-Israeli war against Iran unsettles global oil markets. The eight-strong V8 (Voluntary Eight) group in the alliance, which includes
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Seoul calls on Gulf states to secure oil and raw material supply as Middle East conflict drags on
SEOUL, April 5 — South Korean Finance Minister Koo Yun-cheol urged Gulf Cooperation Council (GCC) countries to strengthen cooperation to help stabilise energy and raw material supply chains amid prolonged tensions in West Asia, the finance ministry said today, Yonhap
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Rising fuel prices prompt MAG to adopt quarterly hedging while expanding in China, India
KUALA LUMPUR, April 5 — Malaysia Aviation Group (MAG) is strengthening its resilience against fuel price volatility through a structured hedging strategy to counter rising costs, while maintaining a steady expansion trajectory with particular focus on lucrative China and other
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Vietnam posts 7.83pc Q1 growth despite Middle East war driving fuel costs higher
HANOI, April 5 — Vietnam recorded economic growth of 7.83 per cent in the first quarter of 2026 year-on-year, the statistics office said on Saturday, but faces “numerous difficulties” as the Middle East war hits fuel prices. First-quarter growth was
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US jobs bounce back in March — but economists aren’t celebrating just yet
WASHINGTON, April 4 — The US economy posted unexpectedly strong job gains in March, data showed yesterday, in a development hailed by US President Donald Trump — but seen with caution by analysts. The world’s largest economy gained 178,000 jobs
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Petronas president: ‘Efficiency is the first fuel’ in tackling energy crisis
KUALA LUMPUR, April 4 — Prudent energy use, optimising operational costs through artificial intelligence (AI) and sound financial management are key principles that must be practised in addressing the increasingly pressing global energy crisis, says Petronas president and group chief
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Petronas cuts planning horizon to 45 days to tackle energy supply risks, says president
KUALA LUMPUR, April 4 — Petroliam Nasional Bhd (Petronas) has shortened its downstream planning horizon from three months to 45 days to address global energy supply uncertainties. Its president and group chief executive officer, Tan Sri Tengku Muhammad Taufik Tengku
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Analysts: Bursa Malaysia seen range-bound next week as Middle East tensions cap gains
KUALA LUMPUR, April 4 — Trading on Bursa Malaysia is expected to remain cautious and range-bound next week, as the local bourse continues to be confined within the 1,680–1,740 range driven by the West Asia conflict, said an economist. IPPFA
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MobilityOne secures Islamic digital banking licence in Labuan, targets global Hajj finance platform
KUALA LUMPUR, April 3 — MobilityOne Sdn Bhd (MBO) has secured a full-fledged Shariah-compliant Islamic digital banking licence from the Labuan Financial Services Authority (LFSA), marking its move from fintech services into regulated digital banking. The group said operations under
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Japanese airlines weigh fuel surcharge hikes as Middle East war drives up energy costs
TOKYO, April 3 —Japanese airlines are considering raising fuel surcharges to reflect surging energy costs due to the Middle East war, though officials from major carriers stressed today that no decisions had yet been made. Many international airlines have hiked
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