News List

FAMA's Agrobazaar Online to become new normal after MCO - Deputy Minister

KUALA LUMPUR, April 30 -- The Federal Agricultural Marketing Authority (FAMA)’s online marketing platform Agrobazaar Online has the potential to become the new normal among consumers after the Movement Control Order (MCO) is lifted.

Petroleum cash payments' reduction enables T’ganu to focus on helping people - academics

KUALA TERENGGANU, April 29  -- The federal government’s decision to reduce the Terengganu petroleum cash payments from 25 per cent to five per cent as settlements for its debts leaves more room for the state government to help people affected by the COVID-19 outbreak and the Movement Control Order (MCO).

Sabah allows operation of 44 private jetties for handling oil palm, petroleum products

KOTA KINABALU, April 28 -- The Sabah state government has allowed the operation of 44 private jetties used for the handling of oil palm and petroleum products during the Movement Control Order (MCO) period, state secretary Datuk Safar Untong said today.

Energy counter extends downtrend as oil volatility intensifies

KUALA LUMPUR, April 28 -- As COVID-19 brought oil consumption to a halt, leading countries in a race to find more space to store excess oil; the fight for market share between major producers, Saudi Arabia and Russia continue unabated causing the global oil price to dip further.

Bursa Malaysia opens higher on positive market sentiment

KUALA LUMPUR, April 27  -- Bursa Malaysia opened on a positive note in almost all counters,  driven by buying activities as positive market sentiment surrounded the local market. 

Serba Dinamik to undertake private placement

KUALA LUMPUR, April 23 -- Serba Dinamik Holdings Bhd has proposed for a private placement of its shares to raise up to RM580.09 million for its working capital and to reduce part of its existing loans.

Impact of low oil prices within deficit forecast - Tengku Zafrul

KUALA LUMPUR, April 21 -- The Finance Ministry has already factored in the impact of lower oil prices into its budget deficit forecast of more than four per cent of the country's gross domestic product (GDP) this year.
 

Serba Dinamik optimistic on projections despite COVID-19

KUALA LUMPUR, April 21-- Amidst global uncertainty due to the COVID-19 pandemic that had led to lockdowns and controlled movements worldwide, Serba Dinamik Holdings Bhd is optimistic on its projections, particularly its RM7.71 billion project in Abu Dhabi.

Oil market recovery depends on how long COVID-19 measures are in place - Energy economist

By Siti Radziah Hamzah

KUALA LUMPUR, April 21 -- The worst may not be over for the oil market as West Texas Intermediate (WTI) ended its May contract trading about US$30 below zero on Monday, the first time oil prices have ever turned negative.

US oil price turns negative for first time in history

NEW YORK, April 21 -- US oil prices crashed to the negative territory for the first time in history on Monday, fueled by pandemic-related demand shock and oversupply fears, reported Xinhua news agency.