Berita Arkib

India will not sign any free-trade agreement (FTA) in a 'rush' but will engage with the world without compromising the interest of domestic industry, Commerce and Industry Minister Piyush Goyal said on Wednesday.

Some of the world’s most influential palm oil traders, analysts and plantation executives will meet this week on the tropical island of Bali. In the limelight is the implementation of Indonesia’s ambitious biodiesel mandate as well as a brewing trade spat between No. 2 supplier Malaysia and the world’s top palm oil importer India

Malaysian palm oil futures extended gains for a sixth straight session on Wednesday, rising over 3% to hit a more than 18-month high, on expectations of declining production but a stronger ringgit capped gains.

The number of Roundtable on Sustainable Palm Oil (RSPO) certified independent smallholders increased by 52 percent while the total number of smallholders jumped 165 percent between July 1, 2018 and June 30, 2019.

Leaders from the United States and China encountered a new obstacle in their struggle to end a damaging trade war on Wednesday, when the summit where they were supposed to meet was cancelled because of violent protests.

Oil prices fell for a fourth day on Wednesday, extending losses after a surge in U.S. inventories surprised investors, overshadowing an interest rate cut by the Federal Reserve.

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.

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.

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.

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.

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.

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.