Malaysia's freshest news, trending stories and local buzz.
A Petronas vessel has obtained clearance to traverse the Red Sea amid ongoing regional security concerns, with arrival in Melaka expected next month. The development underscores Malaysia's commitment to prudent diplomacy.
Prime Minister Anwar Ibrahim announced that a second Petronas tanker has obtained permission to transit the Strait of Hormuz and is scheduled to arrive at Melaka port in the coming weeks.
Malaysia's petrol and diesel supplies at Petronas stations will remain stable and adequate through September, meeting half the country's domestic fuel needs, according to government assurances released this week.
Former minister Khairy Jamaluddin has called for the Petronas-Sarawak oil revenue dispute to be resolved through the courts rather than political channels, warning that uncertainty threatens the sector's future.
Bangladesh has appealed to Malaysia for assistance in sourcing liquefied natural gas to tackle severe energy shortages, with discussions involving potential Petronas involvement in supplying the critical fuel.
Petronas has clarified that despite holding naming rights to Sepang International Circuit, it does not own or operate the venue and has no control over F1 ticket sales. The clarification comes as Malaysia prepares to potentially host Formula 1 in 2026.
Prime Minister Anwar Ibrahim announced that a Petronas vessel departing from Saudi Arabia has been cleared to traverse the Red Sea and will dock in Melaka in early August, crediting Malaysia's balanced foreign policy.
Parliament has passed the National Trust Fund (KWAN) Bill 2026, signalling Malaysia's intent to broaden contributions beyond Petronas and ensure natural resource wealth benefits future generations across multiple extractive sectors.
Malaysia has introduced legislation to establish a National Trust Fund, drawing mandatory contributions from federal revenue, Petronas dividends, and resource export duties to build a sustainable fiscal cushion.
Malaysia's FBM KLCI index surged past the 1,700 psychological barrier, driven by strength in banking and energy stocks including PETRONAS subsidiaries and major lenders. The rally bucked regional weakness.
Malaysia's energy sector remains stable with no supply disruptions, Deputy Prime Minister Datuk Seri Fadillah Yusof confirmed. The government is actively monitoring regional tensions while Petronas and the Prime Minister work to secure long-term energy security.
Southeast Asia's offshore energy sector is poised for robust growth, with greenfield capital expenditure projected to climb 12% beyond US$100 billion as investors prioritise new developments despite lingering geopolitical tensions in the Middle East.