The Malaysian Palm Oil Board (MPOB) is actively developing technology solutions to help smallholders meet the additional requirements of the European Union Deforestation Regulation (EUDR).

MPOB developing tech solutions to help smallholders meet EUDR requirements

Crude palm oil (CPO) prices are anticipated to hover around RM4,000 per tonne by year end, according to the Malaysian Palm Oil Board (MPOB).

MPOB director general Datuk Ahmad Parveez Ghulam Kadir stated that CPO prices ranged between RM3,800 and RM4,200 per tonne last year.

CPO prices to hover around RM4,000 per tonne by year end — MPOB

The plantation sector is facing increasing pressure, as crude palm oil (CPO) loses its traditional price edge over soybean oil, raising concerns about palm oil's future competitiveness, analysts said.

Palm oil sector faces headwinds as CPO's edge over soybean oil seen narrowing

Malaysia has consistently taken proactive steps to ensure that the environmental sustainability of its palm oil industry meets European standards and deforestation regulations, said Ministry of Plantation and Commodities (KPK) secretary-general Datuk Yusran Shah Mohd Yusof.

Malaysia consistent in ensuring environmental sustainability in palm oil production, says KPK sec-gen

The growing demand for sustainable aviation fuel (SAF) has raised the question of how biodiesel and hydrotreated vegetable oil (HVO) will be affected amid the electric vehicle revolution, said industry analyst Thomas Mielke.

Feedstock availability a major concern for sustainable aviation fuel production, says Mielke  

KUALA LUMPUR (Sept 10): Malaysia’s stocks of palm oil jumped in August to their highest in six months, as monthly production reached a nine-year high amid a slowdown in exports, the industry regulator said on Tuesday.

Malaysia’s palm oil stocks hit six-month high in August as output surges — MPOB

Soybean futures rose as weather forecasts show little rain in Brazil and resulting dryness pushes back the start of planting season for a new soy crop. 

The seeding of the biggest soybean crop in the world is risking further delays, in turn propping up Chicago soy prices on Monday.

Soy futures rise as dry weather delays crop seeding in Brazil

India's palm oil imports in August fell more than a quarter from a month ago on ample stocks and as negative margins prompted refiners to curtail purchases of the tropical oil, five dealers said on Tuesday.

India's palm oil imports dive 27% as price rise dents demand, dealers say 

PPB Group Bhd's (KL:PPB) second quarter net profit rose 52.32% year-on-year to RM308.92 million from RM202.81 million, thanks to a higher contribution from Wilmar International Ltd.

Earnings per share for the quarter ended June 30, 2024 (2QFY2024) increased to 21.72 sen from 14.26 sen, according to the group's stock exchange filing.

PPB Group's 2Q net profit rises 52% on increased Wilmar contribution, declares 12 sen dividend

India is considering raising import taxes on vegetable oils to help protect farmers reeling from lower oilseed prices, two government sources said on Wednesday.

India planning to raise import taxes on vegetable oils to help farmers — govt sources

The outlook for Indonesia’s palm oil harvest has dimmed as dry weather and ageing trees crimp production in the world’s top grower, which will likely tighten global supply and keep prices elevated.

Indonesian palm oil output set to fall on weather, old trees

Indonesia president-elect Prabowo Subianto hopes to implement mandatory 50% palm oil-based biodiesel blending by early next year, which he said would cut fuel imports by US$20 billion (RM86.9 billion) per year.

Indonesia's Prabowo hopes to implement 50% palm-based biodiesel blending by 2025

Malaysia is always ready to meet the increasing demand for palm oil in India through te cooperation with major importing companies such as Emami Agrotech Ltd.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said Emami Agrotech is one of the largest palm oil importers in India, and during his recent meeting with its executive director Manush Goenka in India, the potential for Emami to increase its palm oil imports from Malaysia was discussed.

Malaysia is always ready to fulfill demand for palm oil in India — Zafrul

BMI, a unit of the Fitch Group, has revised its 2024 forecast for Bursa Malaysia-listed third-month crude palm oil (CPO) futures contracts upward to RM3,850 per tonne from RM3,750 per tonne, reflecting a 2.67% increase.

BMI raises 2024 CPO price forecast amid market volatility

Standard Chartered has created a new banking team in its corporate and investment banking division, as a reorganisation of the unit aimed at boosting cross-border business continues, according to an internal memo seen by Reuters on Thursday.

StanChart creates new banking team as it bids for big cross-border deals

NEXTDC Ltd, an Australian data-centre operator, is seeking a A$2.9 billion (US$1.9 billion or RM8.38 billion) syndicated loan from banks to expand its operations in Asia.

NEXTDC seeks US$1.9 loan to expand data centres in Asia, including Malaysia

South Korea’s top financial regulator said it plans to lift the ban on short selling at the end of March, and will ensure that necessary rule revisions are in place by then.

South Korea aims to end short-selling ban on all stocks in March

SUBANG (Sept 12): SIA Engineering Co Ltd (SIAEC), the maintenance, repair and overhaul (MRO) arm of Singapore Airlines Ltd, said less than 10% of its new hires in the country came from Malaysia Airlines’ engineering arm.

Less than 10% of Malaysia Airlines’ technical staff joined us, says SIA Engineering’s unit over poaching its staff

The Philippines will stick to its position on Sabina Shoal, it said on Thursday, even while exploring ways to ease tension in the area during "frank and candid" talks with China on managing disputes in the key waterway of the South China Sea.

Philippines stands firm on Sabina Shoal but looks to ease tension with China

Oil and gas exploration and production group Hibiscus Petroleum Bhd (KL:HIBISCS) is proposing an additional one sen dividend per share for the financial year ended June 30, 2024 (FY2024).

Hibiscus raises dividend payout for FY2024

Since gaining independence in 1957, Malaysia has undergone tremendous transformation in its built environment and infrastructure, evolving from a nation with basic essential amenities to one that boasts world-class architecture and shiny skyscrapers.

Through the decades, both local and ...

Malaysia’s architectural landmarks through the decades

(Sept 12): Apollo Global Management Inc said the evolving needs of “average savers” in Asia is helping drive fundraising and growth for its global wealth business.

Apollo’s fundraising grows as it targets ‘average savers’ in Asia

The Federal Territory of Kuala Lumpur Land Registrar has been granted a stay by the High Court on Thursday from registering a 263.27-acre plot of land in the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.

High Court grants stay over registration of Semantan Estate

IOI Properties Group Bhd (KL:IOIPG) is going to launch its IOI Industrial Park at Banting, Selangor by the second quarter of next year and is planning another one in Melaka that is expected to be launched two quarters later.

IOI Properties plans more industrial parks as it eyes 20% revenue contribution from the segment

Concorde Hotel Kuala Lumpur "is not for sale" by its owners and shareholders, said Tan Sri Sallehuddin Mohamed, chairman of its owner Ampang Hotel Sdn Bhd.

In a statement, Sallehuddin said the shareholders "are satisfied with our progress and the direction we are taking" for the hotel.

Concorde Hotel KL not for sale, says owner

Southeast Asian equities have cemented their position as a favourite play of money managers positioning for the US Federal Reserve’s (Fed) policy pivot.

Four of the five best-performing Asian equity benchmarks this month are from the region, with Thailand leading the pack. The buying frenzy has put foreign inflows on track for a fifth consecutive week while the MSCI Asean Index is now trading near its highest level since April 2022.

Global funds rush into Malaysian, Southeast Asian stocks as Fed pivot play

A former aide to Prime Minister Datuk Seri Anwar Ibrahim was charged with drug trafficking at the Magistrate's Court in Kuala Lumpur on Thursday.

Muhammed Yusoff Rawther, who has an ongoing sexual assault suit against Anwar, was charged with one count of trafficking 305 grammes of cannabis at the Kuala Lumpur Police Contingent Headquarters' surau last Friday.

Anwar's former aide, who is suing PM for sexual assault, charged with drug trafficking

Sales of Mazda and Kia vehicles are expected to pick up in the months ahead as analysts shrugged off Bermaz Auto Bhd’s (KL:BAUTO) weaker-than-expected quarter.

Volume-heavy Mazda cars, 10% dividend yield set to prop up Bermaz Auto after weak quarter

China is turning up the heat on its army of 8,700 investment bankers.&nbsp;

After being forced to take big&nbsp;pay cuts&nbsp;and adhere to other belt-tightening measures under President Xi Jinping’s years-long common prosperity campaign, the country’s dealmakers are now in the crosshairs of the nation’s top graft buster.&nbsp;

China detains investment bankers, takes passports in corruption sweep

Any decision&nbsp;on the proposal to make&nbsp;halal certification mandatory for all restaurants and food operators is under the jurisdiction of the Conference of Rulers, according to Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

He said the&nbsp;issue should not be turned into polemics, as it is still in the proposal phase and had yet to become&nbsp;a permanent policy.

Conference of Rulers to have final say on mandatory halal certification, says Zahid

Maybank Investment Bank (Maybank IB) advised investors to refocus on property stocks with solid fundamentals and proven execution capabilities amid enthusiasm around the Johor-Singapore Special Economic Zone (JS-SEZ).

Refocus on property stocks with strong fundamentals amid Johor-Singapore SEZ excitement — Maybank IB

In the second quarter of 2024 (2Q2024), Malaysia's retail sales decelerated to 0.6%, falling short of market expectations, according to Retail Group Malaysia (RGM).

In June, members of the Malaysia Retailers Association (MRA) and Malaysia Retail Chain Association (MRCA) projected a growth rate of 1.7%, making the actual result 65% below the estimate.

Malaysian retailers point to 2Q growth slowdown amid rising prices, weak sentiment

The Federal Territory of Kuala Lumpur Land Registrar has been granted a stay by the High Court on Thursday from registering a 263.27-acre plot of land in the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.

A rally in the world’s largest technology companies spurred a stock-market rebound in a volatile session that had Wall Street traders digesting faster-than-anticipated inflation data.

Stocks wipe out CPI-fuelled slide as Big Tech jumps

Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, while the dollar held onto gains after US&nbsp;core inflation surprised slightly on the upside and dashed hopes of a large rate cut by the Federal Reserve (Fed) next week.

Asian shares up on Wall St tech boost; dollar extends gains on yen

Selection of the technology provider for the Kuala Lumpur-Singapore high-speed rail (HSR) is still open, said MyHSR Corporation Sdn Bhd chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal.

Selection still open for KL-Singapore high-speed rail technology provider — MyHSR CEO

Chinese hotpot chain Haidilao said it will focus on expanding further into established foreign markets in the coming years, notably the US, working to draw new customers as diners at home pull back on spending.&nbsp;

Chinese hotpot chain plans US expansion to escape slump at home

First-half earnings in Asia showed how the ripple effects of the Red Sea crisis will continue to be costly for companies that make goods for export, while those that transport their wares benefit from higher freight rates.

Red Sea crisis produces winners and losers in Asia as freight rates spike

KUALA LUMPUR (Sept 12): BIMB Securities has maintained its “underweight” call on the rubber glove sector, citing challenges from strict European Union Deforestation Regulation (EUDR) and persistent overcapacity in the industry.

BIMB Securities flags challenges in rubber glove sector amid EU deforestation rules

Grand Venture Technology (GVT) has confirmed that it is in discussions for a potential secondary listing of its shares on the Main Market of Bursa Malaysia.

Grand Venture Technology confirms plans for secondary listing on Bursa

China has strongly advised its carmakers to make sure advanced electric vehicle (EV) technology stays in the country, people familiar with the matter said, even as they build factories around the world to escape punitive tariffs on Chinese exports.

Chinese carmakers advised to keep key EV technology at home — Bloomberg

Oil attempted to mount a recovery from its plunge to the lowest level in more than two years, with traders weighing intensifying concerns about looming oversupply.

Oil rebounds after slumping to lowest level since 2021

The 1Malaysia Development Bhd (1MDB)-Tanore trial has been postponed yet again, as former prime minister Datuk Seri Najib Razak is still nursing an acute knee inflammation in a hospital.

1MDB-Tanore trial postponed once again as Najib still unfit for court

WTEC Group Bhd, a foam and fabric products maker, filed for an initial public offering (IPO) on the ACE Market to raise funds for acquisition of a new, larger factory in Selangor.

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