KUALA LUMPUR, June 17 — Malaysia’s economic position remains stable despite global trade uncertainties, with optimism surrounding ongoing negotiations, said Bank Negara Malaysia (BNM) Deputy Governor Adnan Zaylani Mohamad Zahid.

KUALA LUMPUR, June 17 — The ringgit ended nearly flat against the US dollar on Tuesday as investors stayed cautious amid the ongoing military conflict in the Middle East.

KUALA LUMPUR, June 17 — Petronas has welcomed the rationalisation of petrol subsidies, noting that such subsidies are unsustainable, said Petronas president and group chief executive officer Tan Sri Tengku Muhammad Taufik Tengku Aziz.

KUALA LUMPUR, June 17 — The government will prioritise the rationalisation of RON95 petrol subsidy this year before introducing a carbon tax in 2026, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

KUALA LUMPUR, June 17 — Malaysia must be adaptive in its policies, set up strong institutions, and maintain a clear vision of its chosen direction to achieve its goal of becoming a high-income economy, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, June 17 — Petronas expects to take one to two years to set up a proposed joint venture with Italian energy group Eni on some upstream assets in Indonesia and Malaysia, an executive of the state-run energy company said today.

KUALA LUMPUR, June 17 — FGV Holdings Bhd’s share price was lower in the early trade amid recent news about its privatisation plans by the Federal Land Development Authority (Felda).

KUALA LUMPUR, June 17 — The Port Klang Authority (PKA) today clarified that its tariff rates will remain among the most competitive in the region.

KUALA LUMPUR, June 17 — The ringgit opened flat against the US dollar today as investors steered towards the sidelines amid cautious sentiment ahead of the two-day Federal Open Market Committee (FOMC) meeting beginning later today, said an analyst.

KUALA LUMPUR, June 17 — Malaysia has jumped 11 spots in the World Competitiveness Ranking (WCR) 2025 to 23rd place — its best ranking since 2020 — reflecting the progressive momentum in the country’s economic recovery and reform agenda.

KUALA LUMPUR, June 17 — The Port Klang Authority (PKA) today clarified that its tariff rates will remain among the most competitive in the region.

KUCHING, June 16 — International collaboration is vital for Asean to realise a sustainable energy future, as this aspiration requires member states to adopt innovative technologies and strengthen power infrastructure, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

KUALA LUMPUR, June 16 — The government will formulate an effective strategy to develop the local corn grain industry to reduce dependence on imported commodities, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, June 16 — The Iran-Israel conflict will not necessarily hurt the oil industry or price mechanisms of the commodity, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, June 16 — Asean Power Grid’s (APG) enhanced memorandum of understanding (MOU), projected to be finalised by year end, will focus on standardising rules and regulations, aligning technical requirements and establishing a financial model.

KUALA LUMPUR, June 16 — Malaysia has continued to strengthen strategic health sector cooperation, the latest effort being a courtesy visit from the United States-Asean Business Council (US-ABC) delegation to the Health Ministry headquarters today.

KUALA LUMPUR, June 16 — Malaysia’s Trade Openness Index (TOI) increased to 149.0 in 2024, from 144.6 in 2023, said the Statistics Department (DOSM).

KUALA LUMPUR, June 16 — MIDF Amanah Investment Bank Bhd remains bullish on Malaysia’s property sector this year with buying interest expected to stay healthy.

KUALA LUMPUR, June 16 — Bursa Malaysia opened lower today, extending last week’s downtrend, weighed down by the broadly lower Wall Street performance amid the intensified conflict in the Middle East between Israel and Iran, said an analyst.

KUALA LUMPUR, June 16 — The ringgit opened higher against the United States dollar and a basket of currencies, including Asean currencies today, amid cautious sentiment due to escalating geopolitical risks, said an analyst.