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MARKET DEVELOPMENT  
  30-10-2019

Market may be bullish again

Commodity Exchange gold futures increased 0.9% in a week to US$1,507.10 (RM6,299.68) an ounce last Friday. Brent crude rose 4.3% to US$61.98 per barrel. In the local market, crude palm oil (BMD) rose for the third week, increasing 4.9% to RM2,398 per tonne last Friday.

MARKET DEVELOPMENT  
  30-10-2019

Is India ready for RCEP embrace amid opposition

Indian officials have concluded negotiations “in good faith” on over 21 of the 25 chapters, and the rest would be concluded before November 4, when Prime Minister Narendra Modi will join the leaders of the 10-member Association of Southeast Asian Nations (ASEAN) bloc and five other countries for the summit.

MARKET DEVELOPMENT  
  30-10-2019

U.S. set to disappoint Asia with downgraded delegation for Bangkok summits

The United States has downgraded its participation in back-to-back Asia-Pacific summits in Bangkok next week, a move bound to disappoint Asian partners worried by China's expanding influence.

MARKET DEVELOPMENT  
  30-10-2019

Malaysia cuts foreign workers, sparking labour shortage fears

Malaysia is trying to overcome its reliance on low-skilled foreign workers as it tries to move up the economic ladder. But that’s hurting some key industries in the country.

MARKET DEVELOPMENT  
  30-10-2019

Oil mixed on forecast of falling U.S. fuel stockpiles

Oil prices were mixed on Tuesday, paring earlier steep losses as investors focused on signs that U.S.-China trade tensions could ease next month and expectations that U.S. refined product stockpiles declined last week.

MARKET DEVELOPMENT  
  30-10-2019

US-China trade deal might not be ready for signing in Chile

An interim trade agreement between the United States and China might not be completed in time for signing in Chile next month as expected but that does not mean the accord is falling apart, a U.S. administration official said on Tuesday.

MARKET DEVELOPMENT  
  30-10-2019

Ray of hope for better corporate earnings for third quarter

In contrast to a dimming global economic outlook, some equity strategists are hopeful of improvements in corporate earnings for the coming results season.

MARKET DEVELOPMENT  
  30-10-2019

Dr M defends palm oil in UN address

Using the United Nations as his stage, Tun Dr Mahathir Mohamad made his case against attempts to ban the import of palm oil, describing it as a classic case of blocking free trade.

MARKET DEVELOPMENT  
  30-10-2019

India Considers Adding More Levies on Refined Palm Oil Imports

India, the world’s biggest buyer of palm oil, is considering a proposal to further increase import taxes on the refined variety to boost local processing and cut dependence on overseas purchases, according to people with knowledge of the matter.

MARKET DEVELOPMENT  
  30-10-2019

As India, EU look to increase duties, Indonesia eyes China for palm oil exports

Indonesia, the world’s biggest producer of palm oil, is anticipating a boost in exports of the commodity to China, taking advantage of an opportunity opened up by the escalating trade war between Beijing and Washington.

MARKET DEVELOPMENT  
  30-10-2019

Most Palm Oil Companies Can’t Fully Trace Supplies, Survey Shows

Most palm oil producers, processors and traders can’t fully trace where their supplies came from and should do more to check that what they buy meets their sustainability targets, according to an international conservation charity.

MARKET DEVELOPMENT  
  30-10-2019

U.S.-China tensions spur progress on giant Asia trade pact

The Regional Comprehensive Economic Partnership (RCEP) could become the world’s largest free trade zone, comprising 16 countries that account for a third of global gross domestic product and nearly half the world’s population.