Carian mengenai topik global-oil-price

The government has decided to cap the retail prices of RON95 petrol and diesel at RM2.05 and RM2.15 per litre respectively, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Malaysia's cabinet has agreed to set up an economic action council to tackle serious issues affecting the economy, such as a drop in global oil prices and a coronavirus outbreak.

Malaysia's inflation, which recorded the fastest growth in eight years in February, is expected to ease given the decline in global oil prices.

The recovery in global oil prices is expected to benefit Malaysian economy as it will lead to domino effect across other sectors and commodity.

The amount collected is also less than the RM115 billion targeted for the year following the weak economy, as well as fall in global oil prices.

The retail price of RON95 and diesel were set according to the average prices of the fuel in the world market for a month, as well as being influenced by the ringgit's movement against US dollar.

"Some of them have nothing to eat and have to go through the garbage for food."

Weak sentiment following the fall in global oil prices, pushed share prices on Bursa Malaysia to open marginally lower this morning.

Oil prices rebounded in Asia Thursday, thanks to a weak dollar and bargain-hunting a day after the commodity sank to fresh two-month lows.

This is based on encouraging demand despite major producing countries failing to agree on an output cap.

Petrol and diesel contribute only 10 percent towards the operating costs of companies providing public transport services.

This is because the country's fundamentals are intact and the recalibrated 2016 Budget has had a positive impact on the economy.

The deepening oil price slump will intensify pressure on banks globally, with those in major net oil exporting countries most exposed to credit risks in the near term.

At 5 pm, the local unit was at 4.2880/2960 from the 4.2900/2970 recorded on Tuesday.

Arul Kanda says the Ringgit was very much influenced by the drastic drop in global oil prices and devaluation of the Chinese Renminbi that had adversely impacted the local currency.

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