Elderly driver rescued in car plunge

MIRI: Two drivers had a lucky escape after their cars were involved in a collision on Tuesday night nearby the Tamu Luak traffic intersection. In the incident, one of the vehicles turned turtle when landing inside a monsoon drain. Prior to the 7.37pm incident, a car driven by an elderly man aged 73 was coming […]

Opec+ may proceed with oil supply cut from May 1

KUALA LUMPUR: Opec+ is likely to proceed with the 10 million barrels per day (mbpd) supply cuts beginning May 1, which will be gradually reduced across 12 months, said an economist. OCBC Bank economist Howie Lee said the group member countries have agreed to an output reduction of 10 mbpd in May and June before tapering to 8.0 […]

Plunging oil prices to suppress inflation

KUALA LUMPUR: RAM Rating Services Bhd’s (RAM Ratings) overall outlook on domestic inflation for this year has become significantly more dovish amid the plunge in global oil prices. It said while the inflation rate is envisaged to remain largely unchanged at 1.5 per cent in February, the rating agency anticipates it to shift lower through the […]