IPOH (Dec 5): The Perak and federal governments are currently monitoring and looking into the best method to prevent the theft of outputs from the non-radioactive rare earth element (NR-REE) project in the state by irresponsible parties.

MB: Perak looking at ways to prevent theft of non-radioactive rare earth element outputs

KUALA LUMPUR (Dec 5): Energy prices are projected to stay elevated above historical norms, with new geopolitical risk factors emerging from the Israel-Hamas conflict and strengthening Opec+ resolve, putting a floor under prices, according to BMI.

Geopolitical risks and Opec+ resolve expected to sustain higher energy prices, says BMI

The growing demand for palm oil should silence the voices of anti-palm oil campaigners, who made allegations about palm oil having higher saturated levels of fatty acids and that it should not be used in the food system, said the former director-general of the Malaysian Palm Oil Board (MPOB) Tan Sri Yusof Basiron.

Growing demand for palm oil should silence campaigners against the commodity — Industry expert

Rice prices are on track for a new 15-year high, threatening to spark more angst in Asia and Africa where the grain is the staple for billions.

Thai white rice 5% broken — an Asian benchmark — has jumped by US$57 (RM265.59) over the past two weeks to US$640 a ton following a period of relative calm, putting prices just short of the highest level since October 2008.

Rice on cusp of fresh 15-year high in Asia after sharp rebound

SINGAPORE (Nov 29): Cambodia has abandoned plans to build a US$1.5 billion 700 megawatt (MW) coal-fired power project in a protected reserve along the southwestern coast and will build an 800 MW natural-gas fired plant instead, its energy minister told Reuters.

Cambodia scraps coal power project to build gas-fired plant, import LNG

KUALA LUMPUR (Nov 28): Malaysia recorded an agricommodity export value of RM117 billion up to Sept 30 this year, said Plantation and Commodities Minister Datuk Seri Fadillah Yusof.

Fadillah: Malaysia records agricommodity exports of RM117 bil up to September 2023

BMI, a Fitch Solutions company, has revised its 2024 average annual forecast for palm oil prices to RM3,515 per tonne, reflecting a 7.5% year-on-year (y-o-y) decline from this year's forecast.

Fitch unit revises average palm oil price forecast to RM3,515 per tonne for 2024

Malaysia has maintained its December export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday.

Malaysia keeps December crude palm oil export duty at 8.0% 

HANOI (Nov 21): Copper prices rose to their highest in two months on Tuesday due to supply concerns in Peru and Panama, while a weaker US dollar also lent support.

Copper hits two-month high on supply concerns, soft dollar

Fitch Ratings expects average crude palm oil (CPO) prices to be significantly lower in 2024, based on expectations of a higher output of palm and other vegetable oils, due mainly to favourable weather conditions amidst a transition in global weather patterns.

Fitch sees significantly lower crude palm oil prices in 2024

The Ministry of Agriculture and Food Security will hold a discussion with other relevant ministries regarding the proposal to create a single grade for white rice, said Minister Datuk Seri Mohamad Sabu.

Mohamad Sabu to discuss proposal for single-grade white rice with other ministries

Indonesia plans to introduce nickel tracing, and push local producers to reach global mining standards, to help the country move closer to securing a critical minerals deal with the US.

Indonesia to trace nickel in bid for US critical minerals deal

IPOH (Nov 12): The government will study the proposal to raise the ceiling price of local white rice, said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu.

Govt to study proposal to raise local white rice ceiling price — Mohamad Sabu

The multifold increase in the price of raw sugar since 2020 has caused the actual price of sugar to far exceed the ceiling price set by the government at RM2.85 per kilogramme.

Felda chairman says settlers will have to bear losses if sugar price remains low

Police arrested a company director to help in the investigation of an investment fraud case involving more than RM11 million a few years ago.

In Kedah, company director nabbed over RM11m investment scam

(Dec 5): Longreach Group is considering selling Japanese industrial technology company Fujitsu Component Ltd, after the Asian buyout firm received interest from potential buyers, according to people familiar with the matter.

PE firm Longreach weighs sale of Japan’s Fujitsu component, sources say

The US government concluded that short seller Hindenburg Research’s allegations of corporate fraud against Indian billionaire Gautam Adani weren’t relevant before extending his conglomerate as much as US$553 million (RM2.58 billion) for a container terminal in Sri Lanka, a senior US official said.

US examined Hindenburg allegations before giving loan to Adani

Pahang recorded committed investments valued at RM10.415 billion as of June 2023, said state public works, transport and health committee chairman Datuk Mohammad Fakhruddin Mohd Ariff.

Of that, foreign direct investment accounted for RM9.575 billion while domestic direct investment totalled RM839.4 million, he said, noting that the state government has implemented various investment strategies to attract more investors.

Pahang records committed investments of RM10.4 bil in first half of 2023

SINCE peaking at RM3.70 in August 2020, shares in cocoa grinder Guan Chong Bhd have been heading south, in tandem with the surge in cocoa bean prices to the highest levels seen in more than 40 years, driven mainly by the tight supply of cocoa beans and the El Niño weather.

Last week, as...

Rising cocoa bean prices suppress Guan Chong’s performance

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (Dec 5)

TOKYO (Dec 5): Core inflation in Japan's capital slowed in November, underscoring the central bank's view that cost-push pressures in the world's third-largest economy will gradually dissipate.

Inflation in Japan's capital slows, clouds BOJ exit path

Thames Water Ltd’s debt pile rose to £14.7 billion (RM85.93 billion) in the first half of the year, as the utility faces increased scrutiny over the stability of its financing structure.

Thames Water debt rises as financing discussions continue

The US is among at least 60 countries backing a pledge on Tuesday to cut cooling-related emissions by 2050, US State Department officials said at the UN climate summit in Dubai.

US joins dozens of countries in backing COP28 pledge to slash cooling emissions

Singaporean sovereign-wealth fund GIC is in talks to invest in Atlas SP Partners, the securitisation business that Apollo Global Management Inc bought from Credit Suisse Group AG, according to a person with knowledge of the matter.

Singapore's GIC in talks to invest in Apollo’s structured-finance unit — source

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

&nbsp;KUALA LUMPUR (Dec 5): Nvidia Corp chief executive officer Jensen Huang is expected to make his maiden visit to Malaysia this week.&nbsp;

Nvidia boss Jensen Huang to make maiden visit to Malaysia

Kuala Lumpur Kepong Bhd (KLK) secured its first sustainability-linked loan (SLL) of RM500 million for the group’s general working capital requirements from Maybank, marking a significant milestone for both groups in pursuit of their sustainable development practices.

KLK secures RM500 mil sustainability-linked loan from Maybank 

The Attorney General's Chambers (AGC) has discontinued its appeal against senior lawyer Tan Sri Muhammad Shafee Abdullah's acquittal in his money-laundering case involving RM9.5 million allegedly received from imprisoned former prime minister Datuk Seri Najib Razak, as well as making false declarations to the Inland Revenue Board.

Shafee's acquittal stands in RM9.5m money-laundering case as AGC discontinues appeal

Doubts over BYD Co’s sales targets and smart-car capabilities drove a US$12 billion (RM56.07 billion) selloff in the Chinese electric-vehicle (EV) maker last month, even as it draws closer to Tesla Inc as the industry’s top seller.

BYD growth status in doubt after US$12 bil selloff

Public-listed companies (PLCs) in Malaysia will soon have to use the Bursa Malaysia ESG Reporting Platform to comply with mandatory sustainability disclosures set by Bursa Malaysia Securities Bhd.&nbsp;

Bursa Malaysia introduces mandatory ESG reporting platform for PLCs

MIDF Research has downgraded its stance on the consumer sector to "neutral"&nbsp;from "positive", amid fears that growing inflationary pressures will curtail discretionary spending by households, leading to tighter spending on durable items.&nbsp;

MIDF downgrades consumer sector amid recession fears, but names QL Resources and F&N as top picks

Telecommunications companies (telcos) are expected to explore internet facilities through satellite to device mobile services, so that it can be easily accessed everywhere, especially for areas that do not have internet access.

Telcos expected to provide internet facilities via satellite directly to devices by 2025, says Fahmi

Proton Holdings Bhd aims to increase its production volume to 500,000 units by 2035, of which 50% or 250,000 units will be for the export market, according to deputy chief executive officer Roslan Abdullah.

Proton surpasses last year’s sales volume with strong November performance

KUALA LUMPUR (Dec 5): RHB Retail Research said Muhibbah Engineering (M) Bhd may rebound further, after pushing above the 21-day SMA line while heading towards the 80 sen mark.

In a trading stocks note on Tuesday, the research house said if a breakout above that level happens, the renewe...

Muhibbah Engineering may rebound further, says RHB Retail Research 

A gauge of global stocks fell for the first time in five sessions on Monday while Treasury yields rose as investors awaited US&nbsp;labour market data to gauge the likely route of the Federal Reserve's rate policy.

Stocks pull back after rally with jobs data eyed, yields climb

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds five entities to Investor Alert List, two being potential clones

Building support services provider KJTS Group Bhd has inked an underwriting agreement with Hong Leong Investment Bank Bhd (HLIB) for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.

KJTS signs underwriting agreement with HLIB for ACE Market listing

Communications and Digital Minister Fahmi Fadzil has advised the public not to be duped by scammers providing cash-out&nbsp;of eMadani credit of RM100.

Don't be duped by scammers providing eMadani cash-out, Fahmi warns

Pharmaniaga Bhd, whose share price has fallen more than 40% since the start of the year, is not expected to make further provisions in the future, according to Kenanga Investment Bank Bhd.

Kenanga says no further provisions for Pharmaniaga; FY2024 earnings to rebound to pre-Covid-19 level

The election results for the Gua Musang parliamentary seat last year, which saw the victory of Mohd Azizi Abu Naim&nbsp;from Parti Pribumi Bersatu Malaysia, stand.

Federal Court dismisses BN's appeal to reinstate Gua Musang election petition

KUALA LUMPUR (Dec 5): EcoFirst Consolidated Bhd (EcoFirst) has awarded a RM389 million contract to China State Construction Engineering (M) Sdn Bhd for the superstructure works of serviced apartment KL48 in Chan Sow Lin, Sungai Besi.

EcoFirst awards RM389 mil superstructure works contract to China State Construction Engineering

Global semiconductor industry sales are projected to reach US$588.4 billion (RM2.75 trillion) in 2024, according to the US-based Semiconductor Industry Association (SIA).

Global semicon sales projected to reach US$588.4 bil in 2024, says SIA

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.

Moody’s cuts China credit outlook to negative on rising debt

The ringgit opened slightly lower against the US dollar in early trade on Tuesday due to the lack of demand as the US Dollar Index (DXY) continued to strengthen.

Commodities

‌‌

‌
‌