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Oil prices rise about 1%, up from 13-month low as virus cases slow
NEW YORK: Oil prices rose about 1% on Tuesday, up from 13-month lows as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy oil demand destruction
MACC looking for witness
PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) is looking for a witness in a trial of a case involving SRC International Sdn Bhd.
MACC looking for witness in SRC International case
PUTRAJAYA (Bernama): The Malaysian Anti-Corruption Commission (MACC) is looking for a witness for a case involving SRC International Sdn Bhd.
Penang covered in haze for over a week due to fire in Kedah
GEORGE TOWN: The smouldering landfill fire at Bedong, Kedah, is still affecting Penang’s air quality even though firefighters have been battling the fire for well over a week.
Oil edges up as stock markets rebound
NEW YORK: Oil futures edged up on Tuesday after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on Oil demand.
60% of Bedong landfill fire put out
SUNGAI PETANI: Firefighters have made progress by putting out some 60% of the fire at the Bedong landfill here since it went up in flames on Jan 20.
Indonesia readies rescue plan for scandal-hit state insurer
JAKARTA: Indonesian authorities are weighing the induction of a strategic investor into a unit of the nation’s oldest insurer that’s on the brink of collapse after alleged fund mismanagement left a US$2bil hole in its books. PT Asuransi Jiwasraya has submitted a restructuring proposal to the Financial Services Authority.
Almost RM200k worth of illicit cigarettes seized by Customs in Johor
ISKANDAR PUTERI: The Customs Department has seized a total of RM192,413 in contraband cigarettes in two operations here.
Indonesia readies plan to save scandal-hit insurer from collapse
JAKARTA: Indonesian authorities are weighing the induction of a strategic investor into a unit of the nation’s oldest insurer that’s on the brink of collapse after alleged fund mismanagement left a $2 billion hole in its books.
Oil priceslides 2% as glut forecast, China virus overshadow Libya disruption
NEW YORK: Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak of a virus in China outweighed concern over disruptions to Libya's crude output.