Berita Arkib

Oil prices rose in volatile trade on Tuesday supported by expectations of a drawdown in U.S. crude inventories, though gains were capped by worries about a recession and uncertainty over a China-U.S. trade deal.

The ringgit opened marginally lower against the US dollar from Tuesday's closing in tracking the weakening of the Chinese yuan amid firmer oil prices, said a dealer.

Thailand's manufacturing production index (MPI) in 2019 is expected to stay flat at 0-1%, a downgrade from a previous projection of 2-3%, says the Office of Industrial Economics (OIE).

Vietnam and Malaysia have agreed to work closely with other Asean members to ensure peace, stability, freedom of navigation and overflight in disputed areas in the South China Sea.

A Turkish senior trade official has announced that Turkey and Mexico have agreed to restart negotiations on Free Trade Agreement, the state-run Anadolu Agency reported Tuesday.

The official expressed his hope that negotiations of the Regional Comprehensive Economic Partnership (RCEP) agreement between the ASEAN and China, the Republic of Korea, Japan, India, Australia and New Zealand will be completed in 2019, towards the signing in 2020.

Malaysian refined palm oil export into India will only be impacted nominally even if the Indian Government decides to hike the import duty on the commodity, IJM Plantations Bhd said.

Malaysian palm oil futures rose on Monday, posting a fifth straight session of gains, as they tracked a rally in rival oils on the Dalian Commodity Exchange.

The announcement, viewed as "apparent retaliation" for the U.S.'s latest onslaught of planned China tariffs, provoked a negative response from the Trump administration, ISRI revealed in a member alert.

Indonesia will continue to lean on palm oil economically for decades to come despite European opposition, as stakeholders look for a strategic policy that will help the industry grow sustainably, environmentally and financially.

Sri Lanka’s palm oil plantations stand to lose 500 million rupees worth of fully grown plants in nurseries as the government dithers on approving new plantings the industry badly needs to expand production, an official said.

The Palm Oil Industry Association (POIA) yesterday regretted that its issues remain unresolved with the Government turning a deaf ear to the pleas of the industry.