SIBU, July 22 (Bernama) -- Sarawak Premier Tan Sri Abang Johari Tun Openg today announced that Petroleum Sarawak Bhd (Petros) has achieved first oil at the Adong Kechil West (AKW) field near Marudi, marking the return of onshore oil production in Sarawak after more than 50 years.
KUALA LUMPUR, July 22 (Bernama) -- Escalating geopolitical risks in West Asia are causing the retail prices of unsubsidised petrol and diesel to rise from July 23 to July 29, 2026, according to the Ministry of Finance (MOF).
KUALA LUMPUR, July 22 (Bernama) -- Orkim Bhd’s wholly-owned subsidiary, Orkim Ambition Sdn Bhd, has entered into a Memorandum of Agreement with ALLContinents International Shipping Ltd for the proposed acquisition of an IMO Type II oil/chemical tanker for 157 million renminbi (about RM94.88 million).
KUALA LUMPUR, July 22 (Bernama) -- The government estimates that the RON95 petrol subsidy will reach approximately RM2 billion per month, while the diesel subsidy will amount to about RM1.5 billion per month, if crude oil prices remain at around US$90 per barrel based on current projections.
KUALA LUMPUR, July 21 (Bernama) -- Trade relations between Malaysia and Russia continue to grow positively amidst disruptions to global supply chains caused by the geopolitical situation in the Middle East.
BANGKOK, July 21 (Bernama) -- Hyrax Oil Sdn Bhd, a Malaysian producer of lubricants and transformer insulating oils, signed agreements on Tuesday to expand the reach of its Hyrax Estramol ester transformer fluids into Thailand, Cambodia, Laos, Myanmar and Vietnam.
KOTA KINABALU, July 21 (Bernama) -- Sabah’s state sales tax collection for the main sectors as of June 30 this year stood at RM1.38 billion, the State Legislative Assembly was told today.
KEMAMAN, July 21 (Bernama) -- EPIC Bhd expects the East Coast Rail Link (ECRL) project, particularly the spur line to Kemaman Port, to be a key growth driver, with revenue projected to reach RM700 million by 2030.
KUALA LUMPUR, July 21 (Bernama) -- The Ministry of Rural and Regional Development (KKDW), through the Rubber Industry Smallholders Development Authority (RISDA), will continue to strengthen efforts to increase rubber plantation productivity, reduce production costs, enhance marketing efficiency and promote income diversification for smallholders.
KUALA LUMPUR, July 20 (Bernama) -- Savings generated from the targeted RON95 petrol subsidy mechanism are not being retained solely as a fiscal surplus, the Ministry of Finance (MOF) said.
KUALA LUMPUR, July 20 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has upgraded Malaysia’s export growth for 2026 to 21.7 per cent from the previous projection of 15.3 per cent, underpinned by stronger-than-expected year-to-date export performance, with exports expanding by 27.5 per cent.
KUALA LUMPUR, July 20 (Bernama) -- Malaysia’s trade performance continued to strengthen in June 2026, growing by 44.7 per cent to RM340.9 billion from RM235.6 billion a year earlier on sustained growth in both exports and imports.
