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Strait Of Hormuz Reopening Good News But Too Early To Celebrate - Economist

KUALA LUMPUR, April 18 (Bernama) -- Iran’s move to reopen the Strait of Hormuz is welcome news, but it is too early to celebrate as the security situation remains fragile with elevated insurance costs, University of Nottingham Malaysia assistant professor of business economics Dr Tan Chee Meng said.

Ringgit Likely To Trade Within Narrow Range Next Week

KUALA LUMPUR, April 18 (Bernama) -- The ringgit is likely to trade within a narrow range against the US dollar next week as external drivers remain dominant.

KLCI Futures Likely To Trade Range-bound Next Week On Improved Global Sentiment

KUALA LUMPUR, April 18 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives are expected to trade range-bound next week with a slight upside bias, supported by improving global sentiment and easing geopolitical concerns.

Quiet Rubber Market Seen With Sideways To Lower Bias Next Week

KUALA LUMPUR, April 18 (Bernama) -- The rubber market is expected to be quiet with a tendency to move sideways and lower next week, said industry expert Denis Low.

Gold Futures Likely To Remain Well-supported Next Week

KUALA LUMPUR, April 18 (Bernama) -- Gold futures are expected to remain well-supported next week, underpinned by inflationary concerns as oil prices are expected to remain high. 

CPO Futures To Stabilise With Bearish Bias Next Week 

KUALA LUMPUR, April 18 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to see stabilisation with a bearish bias next week, amid ample supply and easing energy prices.

Bursa Malaysia On Track To Trade On Upside Next Week On Easing Geopolitical Tensions

KUALA LUMPUR, April 18 (Bernama) -- The Bursa Malaysia key index is likely to trade with an upward bias next week, supported by improving global risk sentiment following signs of easing geopolitical tensions. 

Malaysia Continues To Shift Towards Re, Regional Power Integration -- Amir Hamzah

KUALA LUMPUR, April 18 (Bernama) -- Malaysia will continue to shift towards renewable energy (RE) while maintaining a stable base in power systems that will anchor the country’s stability going forward, said Finance Minister II Datuk Seri Amir Hamzah Azizan. 

Rising Geopolitical Uncertainty Drives Shift From Efficiency To Resilience - Amir Hamzah

KUALA LUMPUR, April 18 (Bernama) -- Countries are moving away from efficiency-driven economic models towards resilience, as rising geopolitical uncertainty reshapes the global economic landscape, including trade and investment strategies.

Govt Mulls Proposed Strategic Petroleum Reserves On Global Supply Concerns -- Mohd Shahar

By Abdul Hamid A Rahman

KUALA LUMPUR, April 17 (Bernama) -- The government is studying a proposal to create strategic petroleum reserves as part of the country’s long-term energy security planning, following global supply concerns. 

Vale Names Edwin Gerard As CEO Of Its Malaysian Unit

KUALA LUMPUR, April 17 (Bernama) -- Brazilian mining company Vale SA has appointed Edwin Gerard as chief executive officer (CEO) of its Malaysian subsidiary, Vale Malaysia Minerals Sdn Bhd. 

CPO Futures End Lower Amid Softer Crude Oil Prices

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, April 17 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Friday amid softer crude oil prices, a trader said.