Archived News

30/10/2022 (The JordanTimes), Singapore - High inflation, rising interest rates, falling currencies and volatile energy prices, together with an economic slowdown and post-pandemic budget woes, may increase pressure on the ASEAN+3, the ten members of the Association of Southeast Asian Nations, together with China, Japan, and South Korea, to scale back efforts to mitigate climate risk. While this policy shift may make fiscal sense, it is a mistake that could have grave repercussions for the region and ultimately lead to slower economic growth and greater financial instability.

31/10/2022 (The Star Online), Petaling Jaya - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to experience technical correction this week, as concerns over production and high inventory weigh on investor sentiment, a trader says.

28/10/2022 (New Straits Times) - THE issue of labour shortage in oil palm plantations in the country has been getting the attention of the media lately. Measures are already in place to address the issue and strategies are being formulated to ensure the competitiveness and sustainability of the Malaysian palm oil industry.

28/10/2022 (Business Recorder), Singapore - Palm oil may retest a support of 4,114 ringgit per tonne, a break below which could open the way towards 4,001-4,071 ringgit range.

27/10/2022 (The Malaysian Reserve) - THE ringgit closed higher against the greenback for the second consecutive day as weaker US consumer data lifted hopes that the US Federal Reserve (Fed) would soften its monetary stance of aggressive interest rate hikes.

27/10/2022 (The Edge Markets) - AGRICULTURE-related interest schemes have been getting bad publicity as media reports of possible scams perpetrated on investors in such schemes emerged. It has not helped that a number of such schemes have failed.

27/10/2022 (The Edge Markets), Kuala Lumpur - WTK Holdings Bhd is buying a plantation company and palm oil mill in Sarawak for a total of RM250 million in a related party transaction (RPT).

27/10/2022 (Africa.com) - Globally, 1.6 billion people depend on forests for their jobs and livelihoods, while in many African countries 50–60% of the population work in agriculture. However, the Food and Agriculture Organization (FAO) estimates that the rate of deforestation between 2015 and 2020 was 10 million hectares per year; with agricultural commodities such as palm oil, rubber and cocoa being one of the leading drivers.

28/10/2022 (Hellenic Shipping News) - Malaysian palm oil futures rose on Thursday, narrowing a gap with U.S. soyoil after recent rallies, while higher crude oil prices also lent support.

26/10/2022 (The Star Online), Petaling Jaya - Sime Darby Plantation Bhd’s GenomeSelect (GS) seeds offer a promising future for the group, even though they are still in its nascent stages.

26/10/2022 (The Edge Markets), Kuala Lumpur - The downgrade pressure on the plantation sector as tracked by the Bursa Malaysia Plantation Index appears to have stabilised following the sector's recent rebound.

26/10/2022 (The Edge Markets), Kuala Lumpur - The ringgit closed higher against the greenback for the second consecutive day on Wednesday (Oct 26), as weaker US consumer data lifted hopes that the US Federal Reserve (Fed) would soften its monetary stance of aggressive interest rate hikes.