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SINGAPORE: Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members.
SINGAPORE: China announced the creation of its long-planned national oil and gas pipeline company, officially kicking off one of its biggest energy revamps aimed at helping supply keep pace with swelling demand.
KUALA LUMPUR: Malaysia’s headline inflation is expected to increase modestly in 2020, with consumer price inflation to average higher in the range of 1.5%-2% cent next year as compared with 0.7% projected for 2019, said the World Bank Group.
KOTA KINABALU: The Rhino and Forest Fund (RFF) has bought 31.87ha of oil palm land to be converted into a wildlife corridor and conservation area in an agreement signed Monday (Dec 9).
KUALA LUMPUR: The local equities market turned to consolidation on Monday as a positive US jobs data report over the weekend failed to inspire optimism in the global economy as the deadline for fresh US tariffs on Chinese imports loomed.
KUALA LUMPUR: Blue chips slumped in early Monday trade, weighed down by declines in Tenaga Nasional and Axiata, as Bursa trailed the more positive key Asian markets.
SINGAPORE: In an increasingly challenging economic environment where growth is seemingly becoming a taboo word, one MNC believes that for it, growth is very much intact.
VIENNA: The Organisation of the Petroleum Exporting Countries (Opec) and its allies would only ease supply curbs and pump more oil once global crude inventories fall and pricing reflects a tighter market, Saudi Arabia’s energy minister told Reuters.
JAKARTA: Indonesia's Health Minister has caused a stir by proposing that the country promote traditional Indonesian treatments and herbs such as Tongkat Ali, Purwaceng and Mak Erot to boost medical tourism.
LIKE so many in the past, the latest deal by the world’s major oil producing countries to reduce supply and boost prices relies on persuading the cheats to adhere to the output cuts they’ve agreed to