Petroleum Product subsidies Expected To Reach RM40 Bln This Year - MOF

KUALA LUMPUR, July 1 (Bernama) -- The government is expected to bear almost RM40 billion in petroleum product subsidies this year as a result of the increase in global oil prices following the West Asia conflicts, according to the Ministry of Finance (MOF).

Ringgit Opens Firmer Against Greenback As US Posts Weaker Consumer Confidence Data

KUALA LUMPUR, July 1 (Bernama) -- The ringgit was firmer against the US dollar in the early session, supported by weaker-than-expected US consumer confidence data that weighed on the greenback.

Global Air Passenger Demand Down 2.2 Pct In May 2026

KUALA LUMPUR, June 30 (Bernama) -- Total air passenger demand, measured in revenue passenger kilometres (RPK), declined 2.2 per cent year-on-year (y-o-y) in May 2026, according to the International Air Transport Association (IATA).

MPOB Expects CPO Prices To Remain Strong At RM4,000-RM4,300 A Tonne This Year

BANGI, June 30 (Bernama) -- The Malaysian Palm Oil Board (MPOB) expects the average price of crude palm oil (CPO) to remain strong at between RM4,000 and RM4,300 per tonne this year, supported by current global petroleum prices.

Ringgit Strengthens Against Major, Regional Currencies At The Close

By Abdul Hamid A Rahman

KUALA LUMPUR, June 29 (Bernama) -- The ringgit strengthened against major and regional currencies, supported by lower crude oil prices, which helped improve risk sentiment amid ongoing United States-Iran peace negotiations.

Rubber Market Ends Lower On Weaker Regional Futures

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, June 29 (Bernama) -- The Kuala Lumpur rubber market ended lower on Monday, weighed down by regional rubber futures.

Ringgit To Trade Within RM4.09-RM4.11 Next Week Ahead Of Key Economic Data Releases

By Danni Haizal Danial Donald

KUALA LUMPUR, June 27 (Bernama) -- The ringgit is expected to trade within the RM4.09 to RM4.11 range next week as investors await key economic data releases.

CPO Futures To Trade With Bearish Bias Next Week On Weaker Crude Oil, Ample Stocks

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, June 27 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade with a bearish bias next week, pressured by weaker crude oil prices and ample palm oil stocks.

Rubber Market Seen Lower Next Week On Improving Supply, Lower Oil Prices

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, June 27 (Bernama) -- The Kuala Lumpur rubber market is expected to trade lower next week, weighed down by lower crude oil prices and improving supply conditions, according to industry expert Denis Low.

CPO Futures Rebound, Snap Three-day Losing Streak On Stronger Export Outlook

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, June 26 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a three-day losing streak to close mostly higher on Friday, supported by stronger export estimates that offset pressure from weaker crude oil prices.

Ringgit Opens Marginally Lower As Strong US GDP Supports Dollar

KUALA LUMPUR, June 26 (Bernama) -- The ringgit opened marginally lower against the US dollar on Friday as stronger-than-expected US economic data boosted the greenback.

CPO Futures Extend Loss For Third Day On Weaker Crude Oil Prices

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, June 25 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower for the third consecutive trading day, pressured by weaker crude oil prices.