Newsfeed – Business News
Iran aims to restore 70–80pc of refining capacity within two months, oil ministry official says
DUBAI, April 12 — Iran expects to restore most damaged refining and distribution facilities to 70-80 per cent of their pre-attack capacity within one to two months, a senior oil […]
Saudi Arabia restores full capacity on East–West pipeline after attacks
CAIRO, April 12 — Saudi Arabia has restored full oil pumping capacity through the East-West pipeline to about seven million barrels per day, it said today, days after providing an […]
China better placed to weather Mideast supply shock thanks to long‑term energy strategy
BEIJING, April 12 — China’s long-term strategy of diversifying energy sources and building stockpiles is helping it weather disruptions from the Iran war, although some sectors still face major snags, […]
Vietnam extends fuel tax suspension until end‑June to stabilise market amid supply disruption
HANOI, April 12 — Vietnam has decided to extend the suspension of taxes on fuels until the end of June from April 15 to stabilise the domestic market, the country’s […]
Iran says stalled US talks unsurprising as no deal expected in one sitting
TEHRAN, April 12 — Iran’s foreign ministry said no one had held any expectation that talks with the United States could have reached an agreement within one session after the […]
Lufthansa faces fresh disruption as pilots announce two‑day strike
BERLIN, April 12 — The pilots’ union for Lufthansa, Europe’s biggest air transport group, yesterday called for a two-day strike in Germany from tomorrow over a salary and pensions dispute. […]
Entrepreneur Ministry disburses RM906m to 106,100 women under new Dewi scheme
BUKIT MERTAJAM, April 11 — The Ministry of Entrepreneur and Cooperatives Development (Kuskop) has disbursed RM906 million in financing under the Dana Ekonomi Usahawan Wanita (Dewi) initiative since its launch […]
Thailand increases social benefits payments to ease cost pressures from Mideast conflict
BANGKOK, April 11 — Thailand will increase its allowance for essential goods starting Monday to help mitigate the economic impacts of the Mideast war, which are particularly affecting farmers, […]
Ringgit may test 3.95 next week on West Asia ceasefire optimism, say economists
KUALA LUMPUR, April 11 — The ringgit is expected to maintain its upward trajectory next week and could breach the 3.95 level amid cautious optimism over developments in West Asia, […]
Bursa Malaysia seen trending higher next week on firmer sentiment and foreign inflows, with KLCI nearing 1,700
KUALA LUMPUR, April 11 — Bursa Malaysia’s benchmark index is likely to break above the 1,700 psychological level in the coming week on firmer sentiment, alongside oil price stabilisation, supportive […]