BNM Maintains OPR Unchanged At 3.0 Pct

KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 3.00 per cent at its meeting today.

CPO Futures Ends Four-day Winning Streak To Close Lower

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 5 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended a four-day winning streak closing lower, taking the cue from the weakness in Chicago Board of Trade (CBOT) soybean oil futures, a dealer said.

KPK Drafts Initiatives To Transform Agricommodity Sector Into Technology-based Sector

KUALA LUMPUR, Nov 5 (Bernama) -- The Ministry of Plantation and Commodities (KPK) has drafted several initiatives to transform the agricommodity sector from labour-based to technology-based.

Pakistan Sees Maiden Islamic Nano Financing Product By Walee Financial Services 

KUALA LUMPUR, Nov 4 (Bernama) -- Walee Financial Services Pvt Ltd has introduced Pakistan’s first Islamic nano-financing product, offering interest-free (riba-free) nano-finance through a unique commodity-based trade structure under its fintech brand Hakeem.

Rubber Market Likely To Trade Within Range Next Week

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Nov 2 (Bernama) -- The local rubber market is expected to trade range-bound, with re-stocking activities balancing prices and demand amid subdued, coupled with uncertain market sentiment, said industry expert Denis Low.

IMF Sees Robust 4.6 Pct growth For ASEAN In 2024, Revises Upward Malaysia's GDP Growth Forecast

KUALA LUMPUR, Nov 1 (Bernama) -- Growth for countries in ASEAN is forecast to be at a robust 4.6 per cent this year and 4.7 per cent in 2025, largely supported by strong domestic demand and exports, the International Monetary Fund (IMF) said on Friday.

Stable Prices Expected Following September PPI Decline - MIDF

KUALA LUMPUR, Oct 29 (Bernama) -- MIDF Amanah Investment Bank Bhd expects selling prices in Malaysia to remain stable following a decline in the producer price index (PPI) in September 2024.

CPO Futures Slide As Lower Oil Prices Weigh On Market Sentiment

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Oct 28 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower today, extending its losses from last Friday, as lower crude oil and soybean oil prices continue to weigh on sentiment, said a palm oil trader.

FBM KLCI Rebounds From Five Days Of Losses

KUALA LUMPUR, Oct 28 (Bernama) -- Bursa Malaysia’s barometer index rose after five days of losses as fresh interest emerged with investors piling into recently beaten-down heavyweights.

Cocoa Farmers Urged To Press On Given The Crop's High Potential -- Johari

BAGAN DATUK, Oct 24 (Bernama) -- Cocoa farmers should continue cultivating the commodity instead of shifting to other crops given its high and encouraging potential, Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said.

Diesel Subsidy Claims Down By 51.6 Pct In August Vs May -- Economy Ministry

KUALA LUMPUR, Oct 22 (Bernama) -- Diesel subsidy claims by oil companies for August 2024 have decreased by 51.6 per cent against claims in May 2024 since the June 10 2024 implementation of targeted diesel subsidy, said the Economy Ministry.

KPK Approves 3,599-hectare Land For Oil Palm Replanting Under TSPKS 2.0 As Of October

KUALA LUMPUR, Oct 22 (Bernama) -- The Ministry of Plantation and Commodities (KPK) has approved 3,599 hectares (ha) of land for oil palm replanting under the Oil Palm Smallholders Replanting Financing Incentive Programme (TSPKS 2.0) as of October 2024.