The Indonesia Palm Oil Association, Gapki, on Friday urged the government to delay a planned hike in the palm oil export levy warning it could harm competitiveness amid global trade uncertainties due to the US tariffs and geopolitical tension.

Indonesia palm oil group urges govt to delay levy hike

The European Union has yet to determine whether Malaysia will be classified as a low-risk country under its upcoming country benchmarking system for the Deforestation Regulation (EUDR), said EU Ambassador to Malaysia Rafael Daerr.

No decision yet on EUDR low-risk status for Malaysian palm oil, benchmarking ongoing, says envoy

Crude palm oil (CPO) prices and Malaysian palm oil refiners could see gains following Indonesia’s decision to raise its CPO and refined palm oil export levies, according to RHB Investment Bank.

CPO prices, Malaysian refiners may gain from Indonesia’s palm oil export levy hike — RHB

Indonesia will raise its crude palm oil (CPO) export levy starting May 17 to 10% of its CPO reference price from 7.5% currently, in order to finance the country's increased biodiesel blending mandate, a regulation signed on Wednesday showed.

Indonesia raises CPO export levy to 10%, effective May 17

Agricultural commodity advisory firm Glenauk Economics forecasts global palm oil output to remain high in May, supported by a seasonal recovery given the end of the monsoon season, which is expected to minimise rainfall disruptions in the second quarter.

Malaysia palm oil stocks to rise amid strong seasonal production, says Glenauk Economics

Malaysia’s April palm oil exports rose 9.62% to 1.10 million tonnes from March’s 1.01 million tonnes, the Malaysian Palm Oil Board (MPOB) said.

April palm oil exports up 9.6%, CPO production 21.5% higher — MPOB

Malaysia is committed to working closely with Kenyan partners to ensure a stable palm oil supply and deeper market integration, according to the Malaysian Palm Oil Council (MPOC).

Malaysia to work closely with Kenya to ensure stable palm oil supply — MPOC 

Malaysian palm oil futures are likely to extend their decline and trade near a two-year low of RM3,500 (US$826.50) per metric tonne from June to November as recovery in production leads to a stock build, industry analyst Dorab Mistry said on Wednesday.

Palm oil prices to hit two-year low at RM3,500/tonne from June-November — analyst

The development of palm oil procurement policies and the adoption of fair trading practices are among the key recommendations made by international civil society organisation Solidaridad to promote a more inclusive and sustainable palm oil supply chain.

Civil society organisation wants fair pricing for suppliers to palm oil companies

India's palm oil imports in April fell by nearly a quarter from the previous month, marking the fifth consecutive month below normal levels, as the tropical oil's premium over rival soyoil led to higher soyoil purchases, according to five dealers.

India's April palm oil imports drop 24%, remain below normal levels, dealers say

KUALA LUMPUR (May 2): SD Guthrie Bhd (KL:SDG) has delivered its first-ever tariff-free shipment of Roundtable on Sustainable Palm Oil (RSPO)-certified sustainable palm oil (CSPO) to the United Kingdom under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

SD Guthrie delivers first tariff-free palm oil shipment under CPTPP to UK

KUALA LUMPUR (April 29): Crude palm oil (CPO) prices are expected to average at RM4,200 per tonne in 2025, due to a high price premium enjoyed by palm oil over soyabean oil in the first quarter of 2025 (1Q2025), said Kenanga Investment Bank Bhd.

CPO prices to average at RM4,200 a tonne in 2025 — Kenanga

A shipment of Malaysian palm oil from Sabah totalling 8,000 tonnes entered the storage depot at the Port of Liverpool, England, on April 5, said Malaysian High Commissioner to the UK and Northern Ireland Datuk Zakri Jaafar.

CPTPP: Consignment of Malaysian palm oil totalling 8,000 tonnes enters UK tariff-free

The Malaysian Sustainable Palm Oil (MSPO) has launched a nationwide campaign, Jom MSPO 2.0, featuring structured training programmes, engagement sessions, and on-the-ground support to help industry players — particularly smallholders, estate owners, and plantation operators — achieve full certification under the enhanced MSPO 2.0 standard.

Malaysian Sustainable Palm Oil Council unveils Jom MSPO 2.0 to boost industry compliance

The European Union (EU) is working on a new sanctions package that will target the Russian financial sector in the latest effort by Ukraine’s allies to place pressure on President Vladimir Putin to negotiate a peace deal to end the war.

EU prepares sanctions on third-party banks supporting Russia

KUALA LUMPUR (May 16): Here is a brief recap of some corporate announcements and happenings that made the headlines on Friday:

Maxis Bhd’s (KL:MAXIS) net profit rose 5% to RM371.1 million for the first quarter ended March 31, 2025 (1QFY2025) from RM353 million a year before, thanks most...

Maxis, PIE Industrial, Mi Technovation, CSC Steel, Avillion, MRCB, Hextar Capital, TNB, Magma, Pekat, EG Industries, Samaiden, BTM Resources, Gamuda

New Jersey Transit locomotive engineers started striking early on Friday, triggering a shutdown of the agency’s rail service and disrupting travel for hundreds of thousands of commuters.

NJ Transit train engineers strike, disrupting travel to New York City

Minister of Tourism, Arts and Culture Datuk Seri Tiong King Sing has called for stronger support and investment in Malaysia’s nursing workforce, describing nurses as the “architects of the future healthcare landscape".

Nurses the architects of Malaysia’s future healthcare landscape, says Tiong

Prime Minister Datuk Seri Anwar Ibrahim has called on Islamic nations to strengthen cooperation with their neighbouring countries, taking inspiration from the Asean model.

Anwar urges Muslim nations to embrace Asean-style cooperation 

(May 16): The world’s biggest sugar trader slashed its forecast for a global surplus in the coming season, cautioning that the market was underestimating risks from weather and transportation in top grower Brazil.

Worldwide output in 2025-26 is now expected to outstrip demand by just 40...

World’s top sugar trader slashes estimate for global surplus

Wall Street's main indexes were subdued on Friday, but were still on track for robust weekly gains buoyed by a US-China tariff truce and cooling inflation, while focus was on a pivotal vote on President Donald Trump's tax legislations.

Wall Street flat; set for strong weekly gains on trade optimism

US consumer sentiment unexpectedly fell to the second-lowest level on record and inflation expectations climbed to multi-decade highs amid growing concerns about tariffs.

US consumer sentiment falls close to record low on inflation

The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) has proposed that permanent appointees under the new Public Service Remuneration System (SSPA) be given monthly basis or lump sum options for their retirement payments, subject to conditions and eligibility.

Cuepacs proposes flexible retirement payout options under new SSPA

US housing starts increased in April as a pickup in multifamily home construction more than offset a decline in single-family dwellings caused by elevated inventory.

US housing starts increase in April on pickup in construction of multifamily home 

Avillion Bhd (KL:AVI) plans to raise RM11.5 million through a private placement of 283 million new shares to refurbish one of its main hotels, Avillion Port Dickson. This plan requires shareholders’ approval.

Avillion, owned by late Daim’s son, plans RM11.5m placement to upgrade Port Dickson hotel

Gamuda Bhd (KL:GAMUDA) said on Friday it is buying three plots of land measuring 336 acres combined for RM248.7 million near its current project in Selangor.

Gamuda buying 336-acre land near Gamuda Cove project

Bursa Malaysia Bhd (KL:BURSA), the operator of the country's bourse, said its chief financial officer (CFO) Rosidah Baharom will step down from the role, effective May 17.

Bursa Malaysia CFO Rosidah Baharom to step down after 11 years

KUALA LUMPUR (May 16): Here is a brief recap of some corporate announcements and happenings that made the headlines on Friday:

Maxis Bhd’s (KL:MAXIS) net profit rose 5% to RM371.1 million for the first quarter ended March 31, 2025 (1QFY2025) from RM353 million a year before, thanks most...

Electronic manufacturing services firm EG Industries Bhd (KL:EG) has secured a deal from a US-based firm to supply consumable network and artificial intelligence (AI)-related products for the global market.

EG Industries clinches deal to produce AI-related products for US tech firm

CSC Steel Holdings Bhd (KL:CSCSTEL) posted a 44.2% year-on-year jump in its first quarter net profit, despite weaker revenue, thanks to lower raw material costs.

CSC Steel flags challenging outlook after 44% profit jump on lower raw material costs in 1Q

Samaiden Group Bhd (KL:SAMAIDEN) has secured a RM108.6 million contract to carry out engineering, procurement, construction and commissioning (EPCC) works for the development of a large-scale solar photovoltaic (LSSPV) project.

Samaiden bags RM108.6 mil EPCC job for large-scale solar project

Emerging-market stocks are “the next bull market” as they benefit from a weaker dollar and an economic recovery in China, according to Bank of America Corp’s Michael Hartnett.

BofA’s Hartnett says EM stocks will outperform everything else

Tropicana Corp Bhd (KL:TROP) has appointed renowned architecture, engineering and urban planning firm Skidmore, Owings &amp; Merrill (SOM) to lead the transformation of its 163-acre Lido Waterfront Boulevard masterplan in Johor.

Tropicana appoints architecture firm Skidmore, Owings & Merrill to design Lido Waterfront Boulevard in Johor

Mi Technovation Bhd (KL:MI), a semiconductor solutions provider, reported a 34.4% year-on-year drop in its first quarter net profit, due to unfavourable foreign exchange (forex) movements, lower interest income and increased tax expenses.

Mi Technovation records sharp 1Q profit drop amid forex headwinds

Samaiden Group Bhd (KL:SAMAIDEN) announced the mutual termination of its letter of award (LOA) from BTM Resources Bhd (KL:BTM) for the construction of a 10-megawatt (MW) biomass power plant.

Samaiden, BTM Resources mutually call off 10MW biomass power plant project

PIE Industrial Bhd’s (KL:PIE) net profit jumped 54.8% in the first quarter of 2025, thanks to higher demand from its existing customers and lower provision for slow-moving inventories.

PIE Industrial’s 1Q earnings surge 55% on higher demand, lower provision for slow-moving inventories

Oasis Home Holding Bhd is the latest initial public offering (IPO) to have received lukewarm investor interest, with an oversubscription rate of 0.55 times.

Oasis Home’s ACE Market IPO shares oversubscribed by 0.55 times

The Korea National Oil Corporation (KNOC) — South Korea's state-owned oil and gas company — will join 3D Energi Ltd and ConocoPhillips Australia's joint venture in Australia to hunt for new gas resources in the Otway Basin. 3D Energi is a 9.34%-owned associate of Hibiscus Petroleum Bhd (KL:HIBISCS).

South Korea's KNOC joins Hibiscus associate 3D Energi and ConocoPhillip in Australia gas hunt

Minister of Tourism, Arts and Culture Datuk Seri Tiong King Sing has called for stronger support and investment in Malaysia’s nursing workforce, describing nurses as the “architects of the future healthcare landscape".

Acme Holdings Bhd (KL:ACME) is selling a 5.86-acre parcel together with a building atop in Perai, Penang, for RM22 million cash to Nation Robo Sdn Bhd.

Acme Holdings to sell 5.85-acre land in Penang for RM22m

While Bank Negara Malaysia (BNM) has not cut the gross domestic product (GDP) growth forecasts, most economists see the domestic economic expansion slowing down to the 4% level.

Economists see 2025 GDP growth decelerating to 4% on trade tensions, slower exports

Wall Street's main indexes were subdued on Friday, but were still on track for robust weekly gains buoyed by a US-China tariff truce and cooling inflation, while focus was on a pivotal vote on President Donald Trump's tax legislations.

US consumer sentiment unexpectedly fell to the second-lowest level on record and inflation expectations climbed to multi-decade highs amid growing concerns about tariffs.

Can politicians do whatever they want to the Federal Constitution? Does it have an ‘essence’ which cannot be destroyed through amendment?

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