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Dated Brent crude oil prices expected to remain stable around $80/barrel in first half of 2023, with potential recovery to $85-$90 in second half. China and India's increasing demand and altered oil flows due to Ukraine war will impact global oil markets.

Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus reports that Malaysia is unlikely to enter a recession in 2023. Despite reduced foreign demand, domestic expenditure is expected to anchor economic growth, with the first quarter of 2023 showing more robust performance compared to the previous quarter.

European Union representatives arrived in Kyiv for critical talks while rescue workers searched debris from a Russian missile attack on an apartment complex in Kramatorsk, highlighting the ongoing humanitarian crisis of the war.

The Biden administration warns that Russia's refusal to resume nuclear facility inspections threatens the New START treaty. Following COVID-19 suspensions in 2020, diplomatic tensions over Ukraine complicate strategic nuclear weapons cooperation between the US and Russia.

Datuk Liew Chee Ming highlights potential for Chinese investors to support Malaysia's low-carbon development, particularly in high-tech industries like electric vehicle manufacturing, following China's economic recovery.

The International Atomic Energy Agency has deployed teams to all Ukrainian nuclear facilities, including the Russian-occupied Zaporizhzhia plant and Chernobyl, to mitigate potential safety risks during the ongoing war.

Indonesia's ASEAN presidency aims to boost economic recovery by improving regional connectivity, enhancing competitiveness, and strengthening financial services and food security. Minister Airlangga Hartarto emphasizes the importance of bridging the digital divide among member nations.

NATO is sending three advanced surveillance aircraft to Romania to monitor Russian military movements. The Airborne Warning and Control System (AWACS) planes will conduct reconnaissance flights near the alliance's eastern borders, providing critical intelligence and deterrence capabilities.

The UN Food and Agriculture Organization reported that global food prices reached an all-time high in 2022, averaging 14% higher than 2021. Factors including the Russian-Ukrainian war, widespread drought, and economic challenges contributed to significant food commodity price increases, with vegetable oil prices showing notable declines.

The United States is providing $3.75 billion in military aid to Ukraine and NATO's eastern allies. The package includes Bradley armored vehicles, anti-tank missiles, and funds to support Ukraine's military modernization efforts in response to ongoing Russian aggression.