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Sri Lanka lifts fuel prices 25pc as Hormuz closure hits imports from Malaysia and other countries
COLOMBO, March 22 — Sri Lanka raised fuel prices by 25 per cent today, the second increase in two weeks, as the country prepared for more impact from the war in the Middle East. Regular petrol was increased to 398
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Indonesia optimistic of 5.5pc Q1 growth on Ramadan–Aidilfitri spending, upcoming WFH policy
JAKARTA, March 22 — Indonesia is optimistic about achieving its 5.5 per cent economic growth target in the first quarter, supported by government programmes implemented during Ramadan and Aidilfitri. The flexible work arrangement policy, set to be introduced after the
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Global squeeze sends gold lower, but experts say it’s not the endgame
KUALA LUMPUR, March 21 — Gold prices are currently under pressure due to market liquidation, rising real yields and temporarily delayed physical demand, rather than a breakdown in the long-term macroeconomic outlook, according to an analyst. SPI Asset Management managing
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Bangladesh seeks US$2b in loans to tackle energy crisis amid Middle East war
DHAKA, March 21 — Bangladesh is pushing to secure loans of around US$2 billion from multilateral agencies for tackling energy security concerns amid soaring global fuel prices driven by the Mideast war. The government has already taken several measures to
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US lifts some sanctions on Iranian oil to ease supply crunch amid war
WASHINGTON, March 21 — The US Treasury yesterday temporarily lifted sanctions on Iranian oil already loaded onto vessels, in Washington’s latest step to stem a supply crisis over the Middle East war. The authorization allows for the delivery and sale
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Vietnam petrol prices surge over 20pc after Middle East war triggers fuel fears
HANOI, MArch 20 — The cost of petrol was up by more than 20 per cent in Vietnam today after the government announced an overnight hike amid fears of oil and gas shortages caused by the Middle East war. Southeast
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US widens Tesla FSD probe to 3.2 million vehicles after nine crashes linked to visibility issues, one fatal
WASHINGTON, March 20 — The National Highway Traffic Safety Administration yesterday escalated its probe into 3.2 million Tesla vehicles with Full Self-Driving driver-assistance on concerns the system may fail to detect or warn drivers in poor visibility. NHTSA first opened
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Ringgit eases against US dollar after Fed holds interest rates
KUALA LUMPUR, March 19 — The ringgit eased against the US dollar at today’s close following the United States Federal Reserve’s (Fed) decision to keep interest rates unchanged, providing support to the greenback. The market in Malaysia will be closed
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Bursa Malaysia dips 9.1 points as late selling hits key sectors ahead of Hari Raya
KUALA LUMPUR, March 19 — Bursa Malaysia ended lower today due to late selling in selected heavyweights, particularly in the healthcare, utilities and financial services sectors and was also in sync with regional market weakness. At 5 pm, the FTSE Bursa
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Ringgit gains against yen, pound and euro but softens against US dollar
KUALA LUMPUR, March 19 — The ringgit opened higher against major currencies but eased against the US dollar this morning as cautious global sentiment continued to weigh on emerging market currencies. At 8 am, the local currency softened to 3.9300/9400
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