CPO Futures Expected To Trade Higher Next Week On Soybean, Crude Oil Strength

By Abdul Hamid A Rahman and K. Naveen Prabu

KUALA LUMPUR, June 21 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend higher next week, buoyed by the recent strength in soybean and crude oil prices.

Rubber Prices Likely To Trend Lower Next Week Due To Geopolitical Tensions

By Abdul Hamid A Rahman and K. Naveen Prabu

KUALA LUMPUR, June 21 (Bernama) -- The rubber market is expected to trend lower next week, weighed down by escalating geopolitical tensions in the Middle East, according to the Malaysian Rubber Glove Manufacturers Association (MARGMA).

CPO Futures End Mostly Higher On Firmer Soybean Oil, Export Performance

By Abdul Hamid A Rahman and K Naveen Prabu

KUALA LUMPUR, June 20 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly higher today, supported by firmer soybean oil prices and improved sentiment driven by recent strong export performance.

SD Guthrie, Sime Darby Property Ink JV For Carey Island Industrial Hub

KUALA LUMPUR, June 20 (Bernama) -- SD Guthrie Bhd and Sime Darby Property Bhd (SDP) have signed a joint venture agreement to develop up to 809.4 hectares of land in Carey Island, Selangor, aimed at fostering sustainable economic growth and innovation.

Rubber Market Ends Lower Following Oil Price Drop

By Abdul Hamid A Rahman and K Naveen Prabu

KUALA LUMPUR, June 20 (Bernama) -- The Malaysian rubber market ended lower today in tandem with the downtrend in the regional rubber futures markets, a dealer said.

CPO Futures End Higher On Geopolitical Tensions

By Abdul Hamid A Rahman and K Naveen Prabu

KUALA LUMPUR, June 19 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly higher today, with ongoing tensions between Israel and Iran contributing to market volatility, particularly in the oil and energy sectors.

Rubber Market Ends Mixed

By Abdul Hamid A Rahman and K Naveen Prabu

KUALA LUMPUR, June 19 (Bernama) -- The Malaysian rubber market ended mixed today, influenced by the downtrend in regional rubber futures markets, a dealer said.

Tax Expansion Vital To Ensure Fiscal Sustainability - PMO

KUALA LUMPUR, June 19 (Bernama) -- The country’s revenue generation remains limited, and tax expansion is necessary to ensure fiscal sustainability, according to the Prime Minister’s Office (PMO).

Ringgit Slips Against Greenback Ahead Of US Rate Decision And As Israel-Iran War Escalates

By Abdul Hamid A Rahman

KUALA LUMPUR, June 18 (Bernama) -- The ringgit ended lower against the greenback on Wednesday ahead of a decision on US interest rates later today and as the war between Israel and Iran continued to escalate.

Fiscal Reform To Balance Fiscal Sustainability, Social Equity - Treasury Sec-Gen

KUALA LUMPUR, June 18 (Bernama) -- The government’s fiscal reform initiatives, including expanding the Sales and Services Tax (SST) scope and rationalising electricity and diesel subsidies, are aimed at ensuring fiscal sustainability while protecting lower-income groups and essential sectors.

Petronas Signs Production Sharing Contract For Suriname's Block 66

KUALA LUMPUR, June 18 (Bernama) -- Petroliam Nasional Bhd’s (Petronas) subsidiary, Petronas Suriname E&P BV has inked a production sharing contract (PSC) with Staatsolie Maatschappij Suriname NV and its wholly-owned subsidiary, Paradise Oil Company NV (POC) for Block 66 offshore Suriname.

Policy Consistency, Political Stability Key To World Competitiveness Ranking – Economist

By Abdul Hamid A Rahman

KUALA LUMPUR, June 17 (Bernama) -- Malaysia’s World Competitiveness Ranking (WCR) hinges on political stability and consistent policy formulation and implementation, particularly as difficult or unpopular decisions are sometimes necessary to optimise resource allocation and strengthen the country’s economic structure.