News List

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.

RAM Ratings revises headline inflation projection to 0.0 pct in 2020

KUALA LUMPUR, April 20  -- RAM Ratings has revised its headline inflation projection for 2020, to 0.0 per cent from 0.7 per cent, mainly due to weak global oil prices, generous discounts for household electricity bills and subdued demand. 

Oil prices to remain depressed on COVID-19, stay below US$40 a barrel

By Mohd Iswandi Kasan Anuar

KUALA LUMPUR, April 19 -- Market participants are doubtful that a historic one-year oil production cut pledged by major producers recently would solve the oversupply problem.