Archived News
11-05-2021
Palm oil targets 4,494-4,556 ringgit range
Palm oil may extend gains into a range of 4,494-4,556 ringgit per tonne, driven by a powerful wave (3)-3.
10-05-2021
Bursa Malaysia slightly higher in early trade
Bursa Malaysia started the short trading week slightly higher amid mixed market sentiment ahead of the first quarter 2021 (1Q21) gross domestic product (GDP) results and Aidilfitri public holiday.
10-05-2021
KLCI up marginally in early trade, tracking regional gains
The FBM KLCI rose by 0.07% in early morning trade today, staging a quick recovery after dipping by 0.03 point at the opening bell.
10-05-2021
Treaties Committee hold public hearing on Regional Comprehensive Economic Partnership Agreement
The RCEP is a regional free trade agreement between Australia and the countries of ASEAN, China, Japan, the Republic of Korea and New Zealand
10-05-2021
Lanka-Indonesia Parliamentary Friendship Association strengthens bilateral cooperation
Senior MP W.D.J. Seneviratne was elected as the new President of the Sri Lanka-Indonesia Parliamentary Friendship Association recently at the revival meeting of the association for the ninth Parliament, communication division of Parliament said.
10-05-2021
Raise palm oil windfall tax, use it for mass screening, Najib tells govt
Former prime minister Najib Razak has proposed for the windfall tax on palm oil to be increased from 3% to 6% to boost the federal government’s coffers.
10-05-2021
US trade deficit rises to new high
US trade deficit shot to a new high at US$74.4 billion in March. The shortfall with China increased 22 per cent as Americans lean to more towards purchasing foreign goods after receiving the stimulus
10-05-2021
Slump in imports trigger surge in coconut oil prices
In 2020, local coconut oil production was a negligible 20,000MT, which translated into a yawning gap that had to be bridged by importing 180,000MT, they said.
10-05-2021
Crude palm oil at all-time high on strong demand; analysts maintain bullish outlook
Crude palm oil (CPO) futures settled at a new all-time high on the MCX on firm demand for edible oil in the spot markets on the back of Ramzan buying and positive global trend
10-05-2021
Sri Lanka to ban palm oil imports, raze plantations over environmental concerns
Environmentalists have welcomed the Sri Lankan government’s surprise decision to ban palm oil imports into the country and raze existing plantations, but others say the science justifying the move is unfounded.
10-05-2021
EU & India Announce ‘Comprehensive Connectivity Partnership’ – How EU Businesses Can Benefit
India and the European Union announced a ‘Comprehensive Connectivity Partnership’ on Saturday (May 8) to support “resilient and sustainable connectivity projects†in India and other nations and regions such as Africa, Central Asia, and the Indo-Pacific where India is looking to boost regional trade and influence.
10-05-2021
VEGOILS-Palm falls after marking best week in two decades, MPOB data awaited
Malaysian palm oil futures slipped more than 1% on Monday, after notching their best week in two decades, as market participants awaited official supply and demand data, although low stockpile forecast kept prices near a 13-year high hit last week