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Pandemic causes demand to far outstrip supply
KUALA LUMPUR: Price volatility in the energy market is not an issue that merely impacts one country; it is a global issue.
HONG KONG: Buyers in the world’s biggest crude consuming region aren’t asking for extra supplies from Saudi Arabia for next month following the kingdom’s price hike and signs of weakening in the physical market.
SINGAPORE: Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear deal appeared to hit an impasse.
KUALA LUMPUR: Heineken Malaysia Bhd's share price opened 10 sen or 0.45% higher to RM22.20 on Friday on the back of its recent earnings result and bullish expectations for a further sales recovery.
KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N), which is facing margin pressure due to escalating raw material costs, will only raise product prices as a last resort.
KUALA LUMPUR: Malaysia Marine and Heavy Engineering Bhd (MMHE) is cautious over its prospects as the current operating landscape remains uncertain amid the Covid-19 pandemic and rising commodities prices.
MADRID: Spain’s left-wing ruling coalition wants to rein in soaring housing costs by imposing rent increase caps on landlords who own 10 or more residential properties.