Oil Likely To Trade Between US$65-US$80 Over Next 6-12 Months - Analyst

KUALA LUMPUR, June 23 (Bernama) -- Oil prices are likely to move between US$65 and US$80 per barrel over the next six to 12 months amid ongoing uncertainties surrounding negotiations between the United States (US) and Iran, according to a veteran oil market analyst.

Anwar's Turkmenistan Visit, Petronas' New Agreements A Boon To Malaysian Companies' Credibility

KUALA LUMPUR, June 22 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim’s recent visit to Turkmenistan, which saw Petroliam Nasional Bhd (Petronas) cement new agreements after a 30-year presence in the country, should be viewed as more than a diplomatic mission, economists said.

Malaysia To Continue Strengthening Energy Cooperation With Strategic Partners - Akmal Nasrullah

KUALA LUMPUR, June 22 (Bernama) -- Malaysia will continue to strengthen energy cooperation with strategic partners such as Russia and Turkmenistan while ensuring Malaysian companies remain compliant with international obligations and aware of sanctions-related risks, Minister of Economy Akmal Nasrullah Mohd Nasir said.

Bursa Malaysia Seen Trading Range-bound Next Week Amid Geopolitical Uncertainties

KUALA LUMPUR, June 20 (Bernama) -- Bursa Malaysia is expected to trade in a range-bound mode next week as investors continue to monitor developments in the US-Iran nuclear negotiations and assess the sustainability of the recently announced peace agreement.

Businesses Should Identify Pain Points Amid Rising Uncertainty - Economist

KUALA LUMPUR, June 19 (Bernama) -- Malaysian businesses should identify their operational pain points before making strategic decisions as the business landscape becomes increasingly uncertain, said AmBank Group chief economist Firdaos Rosli.

Moody’s Lifts Malaysia’s Outlook To A3 Stable On AI-Related Growth

KUALA LUMPUR, June 19 (Bernama) -- Moody’s Ratings has modestly raised its forecasts for Malaysia to A3 with a stable outlook, due to its exports of artificial intelligence (AI)-related goods.

Malaysia To 'Seriously' Look Into Expanding Settling Foreign Trade Payments In Local Currencies -- Anwar

KUALA LUMPUR, June 18 (Bernama) -- Malaysia will “seriously” explore using local currencies with trading partners to mitigate volatile foreign exchange risks, Prime Minister Datuk Seri Anwar Ibrahim said.

AI Boom Opens Growth Avenues For Penang SMEs - MSIA

GEORGE TOWN, June 18 (Bernama) -- The artificial intelligence (AI) boom is opening significant growth opportunities for Penang’s small and medium enterprises (SMEs), particularly those supporting the semiconductor value chain, according to the Malaysia Semiconductor Industry Association (MSIA).

Buying In Consumer Stocks Helps Bursa Malaysia Close Slightly Higher

By Siti Noor Afera Abu

KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia’s key index finished marginally higher, supported by strong buying interest in consumer-related counters, amid mixed performance across regional markets.

Capital Market Can Bridge SME Financing Gap For R&D, Expansion -- Bursa Malaysia

GEORGE TOWN, June 18 (Bernama) -- Small and medium enterprises (SMEs) should consider tapping the capital market to finance research and development (R&D) and business expansion that may not be fully supported through conventional bank financing, said Bursa Malaysia Bhd.

Extreme Weather, Natural Disasters Top Construction Risks Over Next Five Years -- Zurich

KUALA LUMPUR, June 18 (Bernama) -- Zurich Insurance Group has identified extreme weather and natural disasters as the most severe risks facing the construction sector over the next five years, assigning a score of 6.2 out of seven on its risk severity scale.

Gold Futures Close Higher On Lower Oil Prices

KUALA LUMPUR, June 16 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher on Tuesday amid lower oil prices, which eased inflation concerns and improved sentiment towards the precious metal.