SINGAPORE/CHICAGO?CANBERRA (Nov 21): Wheat growers in several exporting countries are reluctant to sell their crops with prices near four-year lows, traders, farmers and millers say, leaving flour makers with dwindling supplies and vulnerable to any potential upswing in prices.

Flour millers face supply crunch as wheat farmers tighten grip on stocks

CHICAGO/PARIS/BEIJING (Nov 20): US soybean futures hit a two-week low on Wednesday and soyoil futures fell more than 3%, on expectations for plentiful South American soy harvests this year, along with uncertainty about demand for soy-based biodiesel fuel, analysts said.

Soybeans fall to two-week low on strong South American crop prospects

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Wednesday following concerns over an expectation of weaker demand in the coming weeks, which might raise the overall stock level in the country, said a dealer.

CPO futures close lower amid concerns over weaker demand

BENGALURU (Nov 20): Copper extended gains to a fourth session on Wednesday as the US dollar weakened, while London aluminium held firm after China decided to remove export tax rebates.

Copper extends gains as US dollar weakens

BENGALURU (Nov 19): Copper prices drifted higher on Tuesday, as the dollar rally took a breather, although concerns over China demand and potential US tariffs continued to weigh on the market.

Copper inches higher as dollar rally pauses; China demand woes weigh on market

Iron ore prices are projected to remain under pressure, with a forecast average of US$100 per tonne for 2025, according to BMI, a Fitch solutions company.

This subdued outlook is attributed to sluggish demand from China’s property sector despite recent stimulus efforts.

Iron ore prices set to remain under pressure amid Chinese property slump — BMI

Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc, which listed the metal among top commodity trades for 2025 and said prices could extend gains during Donald Trump’s presidency.

Goldman says ‘go for gold’ as central banks buy, US Fed cuts in 2025

Aluminium soared as China announced it was removing a tax rebate that covers over five million tonnes of exports of the metal.

Futures in London jumped as much as 8.5% following the announcement from the country’s Ministry of Finance, which didn’t give a reason for the change.

Aluminium soars as China cancels tax incentive on exports

BANGI (Nov 14): Projected changes in the United States' (US) trade policy are not expected to significantly impact the country's palm oil sector following Donald Trump's victory in the recent US presidential election, the Malaysian Palm Oil Board (MPOB) said on Thursday.

MPOB director-g...

MPOB: US trade policy changes to have minimal impact on palm oil sector

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a four-day winning streak to end lower on Tuesday as a weaker export pace weighed on prices, said a dealer.

Palm oil trader David Ng said the market sentiment was also influenced by the lower Chicago Board of Trade soybean oil future prices during Asian trading hours. “We see support at RM5,000 and resistance at RM5,200 a tonne,” he told Bernama.

CPO futures close lower on weaker export pace, snapping four-day winning streak

KUALA LUMPUR (Nov 12): The unit price index of steel and metal recorded a decrease of between -0.6% and -4.9% in most parts of Malaysia in October 2024, said the Department of Statistics Malaysia (DOSM).

DOSM: Unit price index of steel and metal down by -0.6% to -4.9% in October 2024

Chinese copper smelters are facing pressure to rein in an expansion that’s pounding the industry’s profitability. The viability of plants across the globe may be at stake.

China’s copper production boom threatens to crowd out the rest of the world

Chicago Board of Trade (CBOT) wheat futures turned lower on Monday, as weather forecasts for rainfall in the drought-stricken US Plains promised to give the growing region some badly needed moisture, said analysts.

Chicago wheat futures slump on US rain forecast; corn, soy ease

SUNGKAI (Nov 8): FGV Holdings Bhd (KL:FGV), one of the world’s largest producer of crude palm oil (CPO), said it is actively working with its clients to facilitate the export of crude-palm-kernel-oil (CPKO) products that comply with the European Union Deforestation Regulation (EUDR) into Europe.

FGV working closely with clients to facilitate export of crude-palm-kernel-oil products

US electric vehicle (EV) maker Tesla has used components from about 45 local suppliers directly or indirectly to date, which also involves technology transfer to the suppliers, according to the Investment, Trade and Industry Ministry (Miti).

The local producers are used mainly for the provision of semiconductor components, machinery inspection and factory automation system, it explained.

Tesla using components from local suppliers, involved in technology transfer — Miti

The government is focusing on key aspects of the semiconductor value chain, particularly front-end research and development (R&D) such as integrated circuit design and wafer fabrication, to boost the industry’s growth.

Govt targets front-end R&D to drive semiconductor industry growth — Miti

Taiwan's government said on Thursday that the son of jailed former senior Chinese leader Bo Xilai was visiting the island for personal reasons after marrying a Taiwan citizen, a rare trip for someone linked to China's political elite.

Taiwan says son of jailed former senior Chinese official Bo Xilai is visiting

Pawnbroker Pappajack Bhd (KL:PPJACK), whose shares will be transferred from the ACE Market to the Main Market of Bursa Malaysia on Friday (Nov 22), saw its net profit rise 8.2% to RM6.52 million in the third quarter ended Sept 30, 2024 (3QFY2024) from RM6.03 million a year earlier, on the back of a 19.3% increase in gross profit from both the pawnbroking segment and sales of unredeemed or bid pledges.

Pappajack's 3Q net profit up 8%, declares 0.5 sen dividend

Boustead Singapore has announced that its engineering and construction (E&C) business, under Boustead Projects’ real estate solutions division, has secured an E&C contract in Malaysia valued at RM300 million (S$90 million).

Boustead Singapore secures RM300 mil E&C contract in Malaysia

Bursa Malaysia Bhd is optimistic about the outlook for 2025, citing a robust pipeline of initial public offerings (IPOs) and an active capital market, said chairman Tan Sri Abdul Wahid Omar.

Bursa Malaysia confident in next year's growth with active IPO pipeline, says Wahid Omar

The Kelantan government has urged that all ongoing federal government projects in the state be expedited to ensure the availability of infrastructure, which is crucial for attracting foreign investment.

Kelantan calls for faster delivery of federal projects to boost state economy

The October 2024 Supplementary Electoral Roll (DPT BLN10/2024) is open for review for 30 days from Thursday until Dec 20, said Election Commission (EC) Secretary Datuk Ikmalrudin Ishak.

October 2024 Supplementary Electoral Roll open for review — EC

Kucingko Bhd (KL:KUCINGKO), a 2D animation production company, has decided to discontinue the services of its external auditor Messrs Russell Bedford LC PLT over a disagreement on audit fees.

Kucingko drops Russell Bedford as auditor over fee dispute

BMI, a Fitch Solutions company, has forecast an annual average palm oil price of RM3,900 per tonne in 2025, down from an estimated RM4,050 per tonne in 2024.  

BMI commodity analyst Matthew Biggin attributed the projection to ample alternative supply, competition from other edible oils, and an uncertain import demand outlook in major consuming markets.

BMI projects average palm oil price for 2025 at RM3,900

(Nov 21):&nbsp;Dyson Ltd&nbsp;is dialling back its hairdryer-related operations in Malaysia, according to people familiar with the matter who declined to be identified discussing matters that are private, as the consumer goods company seeks to streamline its business in the region.

Dyson dials back Malaysian hairdryer ops, redeploys staff in Johor — Bloomberg

Petronas Chemicals Group Bhd (KL:PCHEM) may be in for tougher days ahead following a massive paper loss that sent the company into the red for the first time ever and prompted analysts to cut their forecasts.

Petronas Chemicals' outlook gloomy, analysts warn amid mounting joint venture losses

IOI Properties Group Bhd (KL:IOIPG) has officially relaunched the Putrajaya Marriott Hotel in IOI Resort City last week after completing a RM100 million renovation.

Sitting on 6.5 acres of land, the five-star Putrajaya Marriott Hotel is managed by IOI Properties and comprises 487 guest rooms, including 35 exclusive suites. The renovations took place from Feb 2023 till Nov 2024 and were carried out in phases. The massive undertaking focused on the refitting and renewal of its guest rooms, lobby, restaurants and private villa.

IOI Properties relaunches Putrajaya Marriott Hotel after RM100m renovation

KUALA LUMPUR (Nov 21): Malaysia’s central bank made two unusual changes to the government bond auction calendar by rescheduling a tender set for this month, and scrapping another pencilled in for December.

BNM reschedules govt bond auction, scraps one issue in unusual move

Sime Darby Property Bhd (KL:SIMEPROP) is working urgently with authorities to help resolve the recurring flood incidents in Bandar Bukit Raja, said managing director Datuk Seri Azmir Merican.

Tackling floods in Bandar Bukit Raja a top priority, says Sime Darby Property

KUALA LUMPUR (Nov 21): Mah Sing Group Bhd (KL:MAHSING) has unveiled the sales gallery of its RM850-million M Aspira serviced-apartment project in Taman Desa, Kuala Lumpur on Wednesday (Nov 20).&nbsp;

Mah Sing unveils M Aspira sales gallery in Taman Desa

Starbucks Corp is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to people with knowledge of the matter.

Starbucks said to consider selling stake in Chinese business

China's Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to US restrictions, said two people familiar with the matter.

Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs

PARAMARIBO (Nov 20): Suriname's state-run oil company Staatsolie said on Wednesday that US oil giant ExxonMobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&amp;P will take over its 50% stake.

Suriname’s Staatsolie says ExxonMobil has withdrawn from offshore block, Petronas’ unit to take over 50% stake

Sime Darby Property Bhd (KL:SIMEPROP) on Thursday said that the company is seeking more assets that would generate recurring income for the real estate developer.

Sime Darby Property seeks more assets generating recurring income

The extended six-year contract signed between the government and Bestinet Sdn Bhd for the Foreign Worker Centralised Management System (FWCMS) could cost the government a minimum of RM3.2 billion, according to a report by the Public Accounts Committee (PAC).

Bestinet's contract extension for foreign worker system could cost govt at least RM3.2b — PAC

Shares of Adani Group companies lost about US$28 billion (RM125.3 billion) in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

India's Adani Group sees US$30b in value wiped off after US indictments 

Northern Solar Holdings Bhd has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.

The solar energy firm said its IPO scheduled to take place in February 2025, entails a public issue of 67.3 million new shares and the sale of 35.6 million existing shares.

All in all, the listing would offer investors up to a 26% stake in the company.

Northern Solar Holdings signs underwriting agreement with M&A Securities

Globetronics Technology Bhd (KL:GTRONIC) has inked an agreement valued at RM145 million to provide integrated circuit (IC) product packaging, testing and backend services to Taiwan-based ChipMOS Technologies Inc.

Globetronics secures RM145 mil contract to provide assembly and test services to Taiwan’s ChipMOS

EIGHTEEN months after its decision to abandon the single wholesale network (SWN) structure and transition to a dual 5G network, Malaysia sprang yet another surprise by selecting U Mobile Sdn Bhd, the third and smallest of the three bidders that qualified, for the coveted second 5G spectrum bid on...

Cover Story: Untangling the second 5G network puzzler 

KUALA LUMPUR (Nov 21): E-services provider MyEG Services Bhd’s (KL:MYEG) earnings are expected to continue to be boosted by contributions from its Zetrix-related applications, prompting an earnings upgrade from at least one analyst.&nbsp;

Zetrix-related services to continue to boost MyEG’s earnings — analysts

Bitcoin hit US$95,000 (RM425,030) for the first time as the digital-asset sector moves to cement its influence with Donald Trump by pushing for a new White House post dedicated to cryptocurrency policy.

Bitcoin climbs closer to US$100,000 on Trump’s support for crypto

KUALA LUMPUR (Nov 21): Analysts have raised their earnings forecasts and target prices on Hap Seng Plantations Holdings Bhd (KL:HSPLANT), after the plantation group outperformed market expectations in its latest quarterly results.

Analysts raise forecasts after Hap Seng Plantations’ quarterly results beat expectations

China has found gold reserves worth 600 billion yuan (US$82.9 billion or RM370.9 billion) in central Hunan province, state outlet Xinhua news said on Thursday.

China finds US$83b worth of gold reserves in Hunan 

The High Court here has ordered the Royal Malaysian Police (PDRM) to complete investigations on the death of Teoh Beng Hock within six months from Thursday.

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