The Malaysian rubber market is expected to trade slightly lower next week amid sluggish demand, as production is anticipated to decline following the ongoing wintering of rubber trees, said industry expert Denis Low.

Rubber market expected to trade slightly lower on sluggish demand next week

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said on Thursday that he will present a proposal in the Cabinet meeting, within two months, seeking approval for an initiative to designate the Rubber Industry Smallholders Development Authority (Risda) as the sole buyer of rubber from smallholders.

Zahid: Proposal for Risda to be sole buyer of smallholders' rubber to be presented to Cabinet

The Ministry of Plantation and Commodities said on Tuesday it plans to propose consolidation of rubber smallholders in the upcoming Budget 2025 to boost production amid a vast swath of untapped rubber trees nationwide.

Plantation Ministry proposes consolidation of rubber smallholders in Budget 2025

RHB Investment Bank Research has maintained “neutral” on the rubber products sector and said the recovery of the Malaysian rubber glove industry remains uneven, as indicated by April’s weak export data.

RHB expects global glove demand to contract by 5% y-o-y in 2023

NanoMalaysia Bhd (NMB), the agency of nanotechnology and advanced solution commercialisation under the Ministry of Science, Technology and Innovation, has signed a memorandum of understanding (MOU) with the Malaysian Rubber Council (MRC) to promote successful uptake and commercialisation of local intellectual properties (IPs) and products developed by Malaysian companies related to the rubber industry.

NanoMalaysia inks MOU with Malaysian Rubber Council to commercialise local IPs

Given the growth of Malaysia's rubber exports by 150% to RM44.43 billion in the first half of this year (1H21) from RM17.77 billion in the same corresponding period of 2020, the industry is projected to rebound for the full year of 2021.

Rubber exports expected to rebound in 2021 as double-digit growth in global demand continues

KUALA LUMPUR (Oct 7): Amid a fall in rubber prices to a low this year of RM5.16 a kg on Oct 4, the Malaysian Rubber Board (LGM) assured smallholders that their welfare will not be affected under the government’s Rubber Production Incentive (IPG). 

"The IPG will ensure that rubber prices received by smallholders, at estate level, are not affected by the decline in the world market," LGM said in a statement. "At the international level, Malaysia continues to cooperate with the major rubber producing countries, namely Thailand and Indonesia, under the framework of the International Tripartite Rubber Council (ITRC) to address the long-term decline in rubber prices through measures such as the Supply Management Scheme, the Demand Promotion Scheme and the Agreed Export Tonnage Scheme."

Amid rubber price decline, LGM says smallholders' welfare unaffected by govt incentive scheme

KUALA LUMPUR (Sept 4): The Malaysian Rubber Board (MRB) is expecting rubber prices to remain "relatively low" ahead of an expected oversupply until 2023.

"In general, rubber price (for grade MSR-20) will remain relatively low at about RM5-RM6 for the next one or two years," said MRB dir...

Malaysian Rubber Board expects prices to remain subdued

KUALA LUMPUR (Oct 31): Global rubber prices are not only impacted by demand and supply but other factors including the performance of futures markets and crude oil prices, said Deputy Plantation Industries and Commodities Minister Datuk Datu Nasrun Datu Mansur.

Currency exchange rates a...

Demand-supply not sole factor in determining global rubber price, says minister

KUALA LUMPUR (Sept 13): Rubber prices are likely to continue rising in the near term and may reach heights previously seen earlier this year, according to technical analysts.

"Current prices appear to be at the beginning of a bullish trend," said Jupiter Securities chief market strategi...

Rubber prices likely to remain bullish until 2018, say analysts

KUALA LUMPUR (June 14): The production of natural rubber (NR) increased 17.1% to 48,889 tonnes in April 2017, from 41,753 tonnes a year earlier.

On a monthly basis, however, it decreased 39.2% from 80,384 tonnes in March 2017.

In a statement today, the Statistics Department sa...

Malaysia's April rubber production up 17.1% on year

TOKYO (April 12): Benchmark Tokyo rubber futures tumbled to near 5-month lows on Wednesday, as a sharp slide in Shanghai futures amid concerns over a supply glut in China added to pressure, while rising geopolitical tensions also weighed on sentiment.

"Shanghai rubber market has co...

TOCOM hits near 5-mth low on Shanghai slide amid oversupply fears

TOKYO (April 11): Benchmark Tokyo rubber futures ended down on Tuesday as the market came under pressure from extended declines in Shanghai futures and a stronger yen against the dollar, which makes Japanese currency-denominated assets more expensive when purchased in other currencies.

...

TOCOM tumbles to lowest in four months on weak Shanghai, stronger yen

TOKYO (April 10): Benchmark Tokyo rubber futures trimmed gains on Monday as Shanghai futures extended their sharp declines amid concerns over ample supplies.

Shanghai futures ended down 3.4%, on top of the 4.7% decline on Friday, after China's Sinopec ordered its rubber unit in Yanshan ...

TOCOM trims gains on extended sharp fall in Shanghai

The US Department of Energy (DOE) has designated ally South Korea a "sensitive" country, a spokesperson said on Friday, after the South Korean president briefly imposed martial law and amid talk of Seoul potentially developing nuclear weapons.

US has designated South Korea a 'sensitive' country amid nuclear concerns

OpenAI and billionaire Elon Musk have agreed to fast-track a trial over OpenAI's for-profit shift, the latest turn in a grudge match between the world's richest person and OpenAI chief executive officer Sam Altman playing out publicly in court.

OpenAI and Musk agree to fast-track trial over for-profit shift

At the first cabinet meeting of his second term, US President Donald Trump declared his intention to impose a sweeping 25% tariff on all imports from the European Union. But before opening a European front in his trade war, Trump might want to consider the continent’s economic malaise: the German...

After The Storm: Trump could Trigger a Eurozone Debt Crisis

A total of 112 online fraud cases, resulting in losses of approximately RM1.03 million, were reported in Melaka between Jan 1 and March 13 this year.

RM1.03m lost to online scams in Melaka year-to-date — exco

The Home Ministry, through the Immigration Department, is in the process of extending the Migrant Repatriation Programme, which is set to conclude on March 31.

Home Ministry to extend migrant repatriation initiative

The Trump administration is considering issuing sweeping travel restrictions for the citizens of dozens of countries as part of a new ban, according to sources familiar with the matter and an internal memo seen by Reuters.

Trump administration weighs travel ban on dozens of countries, memo says

It is now clear that US President Donald Trump’s administration will betray Ukraine in its fight to resist Russian aggression. Trump himself is either a victim of disinformation, or he is a willing participant in an effort to deceive Americans about the causes and consequences of the war.

...

Unconventional Economic Wisdom: Europe’s Powerful Tool Against Russia

Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the US.

New Canadian PM Carney says there’s progress in US trade talks

US Vice President JD Vance said he expected President Donald Trump to wrap up a deal for TikTok and keep the popular video-sharing app operating in the US ahead of a deadline next month.

Vance tells NBC ‘high-level’ TikTok deal expected by April deadline

EDGE WEEKLY: Dispelling aspersons surrounding EPF’s 6.3% dividend for 2024

Ailing oil and gas player&nbsp;Sapura Energy Bhd (KL:SAPNRG) has been in the news over the past week, but none of the flashes seem to paint a rosy picture of the company.

Rescue mission for Sapura Energy

Incoming Intel Corp chief executive officer Lip-Bu Tan, who was named to the position this week, will receive compensation valued at about US$69 million (RM306.71 million)&nbsp;if he reaches targets over the coming years.&nbsp;

Intel’s Malaysian-born CEO gets pay package valued at about US$69m

Trade wars, tariffs and sanctions have been transformed from economic tools into weapons in a broader struggle for dominance, fostering an atmosphere of suspicion and distrust that is eroding the foundations of international cooperation, according to Prime Minister Datuk Seri Anwar Ibrahim.

Trade wars, tariffs and sanctions weaponised in broader struggle for dominance, says Anwar

Apple Inc’s top executive overseeing its Siri virtual assistant told staff that delays to key features had been ugly and embarrassing, and a decision to publicly promote the technology before it was ready made matters worse.

Apple’s Siri chief calls AI delays ugly and embarrassing, promises fixes

US&nbsp;equities followed European stocks higher on Friday to end a bumpy week on a positive note, although safe-haven gold hit a record high, with investors still showing some signs of anxiety about the economic impact of tariffs.

Stocks rebound after S&P 500 correction; safe-haven gold touches record

Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the US.

The&nbsp;Trump&nbsp;administration is considering issuing sweeping travel restrictions for the citizens of dozens of countries as part of a new ban, according to sources familiar with the matter and an internal memo seen by Reuters.

The Trump administration said it was optimistic about the possibility of a ceasefire in Ukraine, even as President Vladimir Putin appeared to reject US calls for immediate halt to the violence.

Trump optimistic about Ukraine ceasefire even as Putin balks

The US&nbsp;Department of Energy (DOE) has designated ally South Korea a "sensitive" country, a spokesperson said on Friday, after the South Korean president briefly imposed martial law and amid talk of Seoul potentially developing nuclear weapons.

The Senate passed a Republican spending plan on Friday, averting a US government shutdown hours before a midnight deadline while exacerbating a furious struggle within the Democratic party over how to confront President Donald Trump.&nbsp;

US averts govt shutdown as Senate passes GOP spending bill

US Vice President JD Vance said he expected President Donald Trump to wrap up a deal for TikTok and keep the popular video-sharing app operating in the US ahead of a deadline next month.

The Home Ministry, through the Immigration Department, is in the process of extending the Migrant Repatriation Programme, which is set to conclude on March 31.

At the first cabinet meeting of his second term, US President Donald Trump declared his intention to impose a sweeping 25% tariff on all imports from the European Union. But before opening a European front in his trade war, Trump might want to consider the continent’s economic malaise: the German...

A total of 112 online fraud cases, resulting in losses of approximately RM1.03 million, were reported in Melaka between Jan 1 and March 13&nbsp;this year.

It is now clear that US President Donald Trump’s administration will betray Ukraine in its fight to resist Russian aggression. Trump himself is either a victim of disinformation, or he is a willing participant in an effort to deceive Americans about the causes and consequences of the war.

...

OpenAI and billionaire Elon Musk have agreed to fast-track a trial over OpenAI's for-profit shift, the latest turn in a&nbsp;grudge match&nbsp;between the world's richest person and OpenAI chief executive officer Sam Altman playing out publicly in court.

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