Archived News

Oil prices edged lower in quiet trade on Tuesday as concerns about slower economic growth overshadowed signs of a thawing in the trade war between Washington and Beijing, while investors awaited U.S. inventory data.

Trade between Malaysia and China is set for a further growth with the upgrading protocol of China-ASEAN Free Trade Area (CAFTA), especially in agricultural products, predicted Malaysian Agriculture and Agro-based Minister Salahuddin Ayub.

The governments of Indonesia and Morocco have signed four Memoranda of Understanding (MoU) in the industry, maritime and fisheries sectors, for counter-terrorism measures and exchange of financial intelligence data on money laundering and terror funding.

World's dominant palm oil producers, Indonesia and Malaysia contribute 87% of the global supply -- creating a duopoly market of the most versatile edible oil.

As the possible trade war between Malaysia and India looms ahead, it seems that most of Malaysia has all but moved on from caring. Local news headlines regarding the spat are few and far between and bringing it up in public prompts a ‘that-was-so-last-week’ eyeroll

Federation of farmers’ association has sent a memorandum to the district collector of Trichy opposing the proposed regional comprehensive economic partnership (RCEP) free trade agreement.

The Energy Ministry plans to make gasohol E20 the primary petrol available at pumps, phasing out gasohol E10 from retail, says Minister Sontirat Sontijirawong.

Malaysia is working to resolve a spat with India over Prime Minister Mahathir Mohamad’s stance on Kashmir, and hoping that a 16-nation trade pact, which includes India, will be signed this year despite the strained ties, its trade minister said.

Fires are burning once more in Indonesia, and the finger is again being pointed at the palm oil industry. Used to clear land for plantations, the fires also destroy the habitat of critically endangered species like Sumatran orangutans and rhinos, and emit greenhouse gases.

Malaysia is confident that the palm oil issue with India will not derail the country’s Regional Comprehensive Economic Partnership (RCEP) negotiations, slated for conclusion this year.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rallied to a year high as Malaysia seeks to resolve the palm oil issue with India.

KUALA LUMPUR: The Malaysia-India palm oil issue has taken a new twist. Amidst the call by an Indian trade association for importers to shun palm oil from Malaysia, a political body in South India has urged Prime Minister Narendra Modi government not to reduce palm oil imports from Malaysia.