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PETALING JAYA: The aviation industry is seeing encouraging signs of recovery in the domestic market following an increase in Air Traffic Rights (ATR) applications for domestic routes in the fourth quarter of 2021, says Malaysian Aviation Commission (Mavcom).
HONG KONG (AFP): Growing fears about the Federal Reserve's plans to fight surging inflation by ramping up interest rates hit Asian markets again Wednesday (Jan 19), following hefty sell-off on Wall Street, while oil prices extended their rally after a blast at a key pipeline.
MELBOURNE: Oil prices rose for a fourth day to a seven-year high as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates.
JAKARTA (Reuters): Indonesia will require palm oil exporters to obtain permits for their shipments and ask producers to declare how much palm oil they plan to sell domestically, senior officials said on Tuesday (Jan 18), amid efforts to control soaring cooking oil prices.
BANGKOK (Bloomberg): Two of Thailand's former ministers who backed coup leader-turned-premier Prayut Chan-O-Cha are set to launch a new political party on Wednesday (Jan 19) that aims to help revive an economy battered by the pandemic.
KUALA LUMPUR: Stocks to watch for on Wednesday include Ancom, NWP Holdings, KPower, Sarawak Conslidated Industries, Eco World Development Group, GFM Services Bhd, Sunway, SM Track, Country Heights Holdings, Jiankin International, Sersol, Techna-X and MQ Technology, says JF Apex Research.
NEW YORK: Oil prices on Tuesday climbed to their highest since 2014 as investors worried about global political tensions involving major producers such as the United Arab Emirates and Russia that could exacerbate the already tight supply outlook.
NEW YORK/LONDON: Benchmark U.S. Treasury yields jumped to two-year highs and equity markets tumbled on Tuesday, with the Nasdaq falling more than 2%, as traders braced for the Federal Reserve to tackle fast-rising inflation by tightening monetary policy.
KUALA LUMPUR: The Tribunal for Consumer Claims Malaysia received 413 claims worth a total of RM3mil under the vehicle workshop category from 2020 to last year.Deputy Domestic Trade and Consumer Affairs Minister Datuk Rosol Wahid said of that amount, more than RM266,000 had been awarded by the tribunal.
TOKYO: The Bank of Japan (BoJ) adjusted its view of inflation risks for the first time since 2014 but only nudged up its price forecasts a fraction, a combination that suggests moves toward phasing out stimulus are still a distant prospect.