<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 22): Bursa Energy Index fell as much as 17.54 points or 2.28% to 752.26 on Monday (Nov 22) morning as oil prices extended losses.</p></div>

<div class=newsTextDataWrapInner><p>At 9.44am, the Energy Index had pared some losses at 754.19, still down 15.61 points or 2.03%.</p></div>

<div class=newsTextDataWrapInner><p>Oil and gas stock Hengyuan Refining Company Bhd was the fifth top loser on the bourse, falling 11 sen or 2.64% to RM4.05.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Dialog Group Bhd, Hibiscus Petroleum Bhd, Yinson Holdings Bhd and Coastal Contracts Bhd were also among the top 30 losers.</p></div>

<div class=newsTextDataWrapInner><p>Dialog slipped seven sen or 2.47% to RM2.76; Hibiscus tumbled five sen or 6.1% to 77 sen; Yinson slid four sen or 0.68% to RM5.85; Coastal lost 3.5 sen or 3.47% to 97.5 sen.</p></div>

<div class=newsTextDataWrapInner><p><em>Reuters</em> reported that US crude prices dropped in early trade on Monday, extending big losses last Friday after Japan said on the weekend it was considering releasing oil reserves to help dampen prices.</p></div>

<div class=newsTextDataWrapInner><p>At the time of writing, US&nbsp;West Texas Intermediate (WTI) crude oil had fallen 0.26% to US$75.54 (about RM316.29), while Brent Crude oil slipped 0.24% to US$78.70.</p></div>

<div class=newsTextDataWrapInner><p>According to <em>Reuters</em>, WTI and Brent prices slumped around 3% last Friday.</p></div>


Bursa Energy Index fell as much as 17.54 points or 2.28% to 752.26 on Monday (Nov 22) morning as oil prices extended losses.

At 9.44am, the Energy Index had pared some losses at 754.19, still down 15.61 points or 2.03%.

Bursa Energy Index falls 2.28% as oil prices extend losses

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep eye on inflation rate following civil service pay hike

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role

<p>Prime Minister Datuk Seri Anwar Ibrahim on Wednesday announced that civil servants will enjoy a salary hike of more than 13% starting December this year, among the highest increase in the nation’s history.</p>


Anwar announces over 13% salary hike for civil servants

<p>(May 1): Mirzan Mahathir, the son of former Malaysian prime minister Tun Dr Mahathir Mohamad, intends to invest US$100 million (RM477 million) in a cement factory in South Sudan.</p>

<p>If approvals are granted timeously, the plant should be operational in 24 months and will use limestone from...

Dr M’s son Mirzan planning US$100m Africa investment

<p>Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to boost availability of cloud services.</p>


Microsoft to open first regional data centre in Thailand

<p>HAVING identified artificial intelligence (AI) opportunities in Malaysia, SNS Network Technology Bhd now expects a meaningful contribution from its newly ventured data centre fit-out business segment.</p>

<p>Besides selling AI super servers, the ICT system and solutions provider is also involv...

SNS Network aims to tap country’s data centre boom through new venture

<p>A water supply company chief executive officer and a company owner have been remanded for three days starting Wednesday to facilitate an ongoing graft investigation into bribery and false claims.</p>


CEO of water supply company, business owner remanded in graft probe 

<p>Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.</p>


<p>Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.</p>


<p>Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.</p>


<p>AirAsia believes it is capable of dealing with rising fuel prices and unfavourable currency movements, which continue to heighten global challenges.</p>


AirAsia can handle volatile currency movements, oil prices — Tony Fernandes

<p>Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.</p>


<p>The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.</p>


<p>The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.</p>


<p>IN the current oil and gas (O&amp;G) industry upcycle, cash-rich Deleum Bhd is embarking on multiple strategies that include mergers and acquisitions (M&amp;A), geographical expansion and investment in early stage companies to kick-start its future growth plan.</p>

<p>The oilfield services com...

Deleum plans tech and regional M&A for future growth

<p>Prime Minister Lee Hsien Loong called on Singaporeans to rally behind his successor as he prepares to step aside later this month after a two decades-long stint in power.</p>


Lee asks Singapore to rally behind his successor in final address

<p>China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.</p>


<p>Johor must push for a higher rate of automation, adoption of new technologies as well as higher wages across the board to capitalise on the Johor-Singapore Special Economic Zone (JS-SEZ), Deputy Investment, Trade and Industry Minister Liew Chin Tong said.</p>


Johor corporates urged to boost automation, technology adoption and wages

<p>Prime Minister Datuk Seri Anwar Ibrahim has urged for the establishment of the gig workers commission to be expedited.</p>


Anwar urges swift establishment of gig workers commission 

<p>PUTRAJAYA (May 1): Prime Minister Datuk Seri Anwar Ibrahim on Wednesday launched the national human resources policy framework, which addresses key aspects including equitable compensation and job welfare.</p>

<p>Minister of Human Resources Steven Sim Chee Keong stated that the framework, whic...

PM unveils framework for national HR policy 

<p>The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.</p>
