Archived News

A senior Hong Kong official is advocating using the special administration region (SAR) as a launchpad for Malaysian companies tapping into China’s Belt and Road Initiative (BRI) projects

In an interview on November 29, Japan's Deputy Minister for Economy, Trade and Industry Hideki Makihara indicated that Japan may refrain from signing an India-less Regional Comprehensive Economic Partnership (RCEP)

The needless uncertainty faced by India’s business process outsourcing industry, also called the information technology enabled services (ITeS), must end. The GST Council needs to clarify at the earliest what constitutes exports and therefore should not be charged GST

Two Japanese firms, with interest in renewable biomass energy, are expected to invest close to RM300 million in Sabah’s Lahad Datu Palm Oil Industrial Cluster (POIC).

Sabah’s trade mission to Japan led by Chief Minister Datuk Seri Mohd Shafie Apdal has been successful, with two energy firms already expressing their interest to invest in the state’s renewable energy sector, particularly biomass.

Exports to India have increased. The export to India has gone up by 35.8 per cent in the three months of the current fiscal year.

India, the world’s biggest buyer, will shift some purchases to other edible oils this winter after palm’s surge of about 30% from last month’s low.

Malaysian palm oil futures reversed earlier losses to trade over 1% higher on Thursday after Indonesia announced its plan for a biodiesel push to reduce fossil fuel use by 165,000 barrels per day (bpd) and as supply outlook dimmed.

Malaysia should emulate South Korea in applying global thinking to further develop the export industry, and not merely depend on the domestic market, said Prime Minister Tun Dr Mahathir Mohamad.

In one of his first interviews since being nominated president of the European council, Charles Michel said Brexit may have played an important role in bringing the EU together.

Malaysian palm oil futures closed higher on Wednesday, supported by bargain buying after the previous session’s losses, although gains were capped by cheaper rivals on the Dalian and a stronger ringgit.

Implementation of Indonesia's plan for biodiesel to contain 30% palm-based fuel is expected to reduce fossil diesel fuel consumption by 165,000 barrels per day (bpd), a senior energy ministry official said on Thursday.