Round-the-clock breaking news from Malaysia.
Prime Minister Anwar Ibrahim has disclosed that Malaysia is spending up to RM50 billion annually on fuel subsidies to maintain the RON95 petrol price at RM1.99 per litre, shielding consumers from volatile global oil markets.
Malaysia faces potential monthly fuel subsidy costs of RM3.5 billion if crude oil prices stabilise around US$90 per barrel, with RON95 consuming RM2 billion and diesel RM1.5 billion monthly.
US President Donald Trump will deliver a televised address Thursday evening at 9 pm, though the specific topic remains undisclosed. The speech comes amid escalating Iran tensions and mounting domestic political pressures.
US President Donald Trump has ordered an investigation into major oil companies, citing disappointment that petrol prices have not fallen sufficiently despite expectations. The move reflects mounting political pressure over energy costs.