Archived News

The ringgit opened higher against the US dollar today on better demand for the local note and following the release of weaker US manufacturing data as well as fewer jobs created in the country.

Asian stocks, already under pressure from growing global growth fears, tumbled on Thursday after New York markets slumped overnight because the United States opened a new trade war front by saying it will impose tariffs on $7.5 billion of goods from the European Union.

Malaysia’s exports in August are expected to rise for the second month in a row, helped by a recovery in palm oil shipments and higher demand from China, a Reuters poll showed on Wednesday.

Oil futures sank on Tuesday as weak U.S. economic data dimmed crude's demand outlook and pressured prices, while reports of a third-quarter decline in output from the world's largest oil producers kept oil from falling further.

A Malaysian diplomat on Tuesday pledged his country would ensure its entire range of palm byproducts are exported to Pakistan at fair rates as part of its efforts to boost business-to-business ties and add to the bilateral trade volume.

International Trade and Industry Minister Datuk Darell Leiking has expressed optimism that the Regional Comprehensive Economic Partnership (RCEP) negotiations can conclude by year-end.

Two Asian palm oil traders that supply to a list of major consumer brands are investigating two mills accused this week of buying from an illegal plantation in Indonesian rainforest that is home to endangered orangutans.

Malaysian palm oil futures dropped 0.7 per cent on Monday to post its lowest closing in nearly eight weeks, dragged down by weaker soyoil prices in China.

The ringgit was lower against the US dollar this morning on weaker demand for the local note, ahead of the release of US manufacturing sector data.

THE thick haze that has been smothering Malaysia, Singapore and parts of Indonesia for the last few weeks could have an impact on palm oil production if it continues.

Golden Agri-Resources Ltd. is investigating two palm oil mills in Indonesia after a report from an environmental watchdog showed it may be sourcing palm fruit that’s illegally grown in a forest reserve.

The October soybean contract settled 0.4% lower on the National Commodity and Derivatives Exchange as supply of the fresh crop in spot markets started picking up pace, analysts said.