Berita Arkib

Sri Lankan shares closed higher for a fifth straight session on Monday, driven by gains in financial and consumer staples stocks.

At the start of 2020, positive fundamentals shaped the palm oil market. Global demand for the oil was on the upswing, with consumption increasing at more than twice the rate of production.

More than half a decade after abandoning the US-led multilateral programme, Trans-Pacific Partnership (TPP), Thailand has finally got back on track to joining the grouping again

Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery in fuel demand checked gains.

Shortage of labour is an urgent problem as plantations which produce a perishable crop are starting to see some uptake of palm oil from the two top buyers – India and China.

Refiners in the top crude-importing region have been forced to accept big reductions in their regular contracted volumes from producers including Saudi Arabia and Iraq in the past couple of months

FGV Holdings Bhd will sell another RM150 million worth of non-core assets this year including the on going sale of Asian Plantations Ltd and Trurich Resources Sdn Bhd.

India is looking to plug loopholes as it seeks to reduce import dependence on China. The routing of Chinese goods to India through their common trade partners, inversion in duty structures and the exploitation of ambiguities in origin rules have all come under the government’s scanner, said people with knowledge of the matter.

Bursa Malaysia opened lower but rebounded thereafter, with the key index trading above the 1,500-level supported by continuous buying in plantation and healthcare counters.

According to market players’ projections, the benchmark Jakarta Composite Index (JCI) will likely end the year at between 5,000 and 5,500, a wide range that shows how difficult it has been to predict market movements as pandemic-related risks will likely continue to create volatility.

For the sake of B30 project, the government is to inject Rp2.78 trillion into the Oil Palm Plantation Fund Management Agency. Most of these management funds will go to large companies.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade higher next week, in sync with increased export data, a projected stronger Dalian Commodity Exchange performance, recovery in equity markets, and sustained gains in Brent crude oil price.