The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on an upside bias next week in anticipation of weaker output.

CPO futures to trade on upside bias next week on expectations of weaker output

The government has agreed to maintain the maximum retail price of bottled pure palm cooking oil to ease the people’s burden and deal with the issue of price increase, says the Ministry of  Domestic Trade and Cost of Living (KPDN).

No change in retail price of bottled pure palm cooking oil — KPDN

KUALA LUMPUR (Dec 7): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower for the fifth consecutive day on Thursday, tracking weakness in rival vegetable oils.

Dalian’s most-active soybean oil contract prices fell 1.72%, palm oil dropped 1.77%, and soy oil an...

CPO futures fall for fifth straight day on weak rival oils

JAKARTA (Dec 7): Indonesia's palm oil fund agency predicts it will collect 29 trillion rupiah (US$1.87 billion) in revenues from export levies in 2024, slightly below this year, its chief executive said on Thursday.

Indonesia palm oil fund agency sees 2024 export levy collections at US$1.87 bil

India's palm oil imports in November jumped more than a fifth from the previous month, as refiners favoured the tropical oil, due to steep discounts compared to rival soyoil and sunflower oil, five dealers told Reuters on Monday.

India's November palm oil imports up 22% on lower prices, say dealers

MARC Ratings Bhd sees a "slightly positive" price trend for palm oil going into 2024, with crude palm oil futures projected at between RM3,700 and RM4,100 per tonne from now till 2024.

MARC 'slightly positive' on palm oil going into 2024, sees CPO at RM3,700-RM4,100/tonne

The palm oil market is expected to show a slightly positive price trend going into 2024, ranging between RM3,700 and RM4,100 per tonne, as it recovers from substantial selling pressure as witnessed in sunflower oil over the past few months.

Palm oil market to see slightly positive price trend in 2024, says MARC

KUALA LUMPUR (Nov 29): Sarawak Oil Palms Bhd's third quarter net profit rose 14.83% to RM94.55 million from RM82.34 million a year earlier, thanks to higher fresh fruit bunches (FFB) production and higher sales volume.

Sarawak Oil Palms' 3Q net profit up 14% on higher FFB ouput, sales volume

KUALA LUMPUR (Nov 28): IOI Corp Bhd's net profit jumped 81.48% to RM304 million for the first quarter ended Sept 30, 2023 (1QFY2024), from RM167.5 million a year before, lifted by lower tax expenses, higher share of results of associates and a joint venture.

IOI Corp 1Q profit up 82% y-o-y, revenue reverses declining trend

KUALA LUMPUR (Nov 28): Ta Ann Holdings Bhd’s net profit fell 36% to RM65.14 million in the third quarter ended Sept 30, 2023 (3QFY2023), from RM101.5 million a year ago, on lower palm oil and plywood product prices. The group also recognised a gain of RM4.9 million from changes in the fair value of biological assets.

Ta Ann earnings drop 36% in 3Q on lower CPO, FFB prices

The World Trade Organization's (WTO) dispute settlement body has agreed to establish a panel to review countervailing duties imposed by the European Union (EU) on imports of biodiesel from Indonesia, the global trade body said late on Monday.

WTO agrees to form panel to review EU import duties on Indonesian biodiesel

Crude palm oil (CPO) exports to India continued to show positive development, as the country's demand for the commodity grew to six million tonnes, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

India's CPO demand grew to six million tonnes, says Fadillah

KUALA LUMPUR (Nov 22): The Roundtable on Sustainable Palm Oil (RSPO) marked a special milestone at its Annual Roundtable conference (RT2023), to reflect on nearly two decades of impact made possible via the collaborative efforts of its members and partners.

RSPO marks two decades of impact, reaffirms partnerships for next 20

The Roundtable on Sustainable Palm Oil (RSPO) said on Tuesday it is developing a new system to trace the origin and environmental credentials of the commodity in response to demands by global buyers for proof of sustainability beyond certification.

RSPO to launch new palm oil tracing system in 2024

KUALA LUMPUR (Dec 10): It is important to establish the chief information security officer position within every ministry to effectively address the issue of data breaches, following recent incidents such as the breach of the Social Security Organisation (Perkeso) database.

Fahmi: Ministries need to appoint chief info security officer to combat data breaches

HONG KONG (Dec 10): Three Hong Kong pro-democracy activists were arrested on Sunday, just before voting began in a "patriots only" district election that has marginalised formerly popular opposition figures in the city, amid a national security clampdown.

Hong Kong activists arrested in city's 'birdcage' election

KUALA LUMPUR (Dec 10): Malaysia has expressesed its utmost concern on any frivolous and vexatious attempts by any parties employing various tactics to undermine and disrupt the course of criminal proceeding currently ongoing against Gonzalo Stampa.

Malaysia expresses utmost concern over attempts to disrupt criminal proceedings against Gonzalo Stampa

BENGALURU (Dec 10): Social media platform X will reinstate the account of US conspiracy theorist Alex Jones after a poll of the site's users backed his return, X owner Elon Musk said on Sunday.

Musk says conspiracy theorist Alex Jones will be reinstated on X after poll

KUALA LUMPUR (Dec 10): A company and its director, a Singaporean, have been charged in the Sessions Court here on four charges of offering RM15 million worth of Islamic redeemable preference shares (iRPS) to the public between Aug 2020 and Aug 2021.

Company, director charged with offering RM15 mil worth of preference shares to public

GAZA/CAIRO (Dec 10): Israel ordered residents out of the centre of Gaza's main southern city Khan Younis and pounded the length of the enclave overnight, after the United States wielded its UN Security Council veto to shield its ally from a demand for a ceasefire.

Palestinians report Israeli battles in Khan Younis after US blocks Gaza ceasefire call

KUALA LUMPUR (Dec 10): A total of 351 sick and abandoned housing projects, with a gross development value (GDV) of RM32.87 billion, have been completed and restored by the Ministry of Local Government Development (KPKT) throughout one year of the Madani Government's administration.

Madani Govt one year anniversary: Restoring 351 problematic housing projects among ministry’s successes

SHANGHAI (Dec 10): China's securities regulator has published draft rules aimed at slashing trading commissions for mutual funds and addressing the conflict of interest between the securities trading and fund sales businesses of brokerages, the latest reform to the US$3.8 trillion mutual fund industry.

China proposes trading cost cuts for mutual funds, to regulate commissions

SHAH ALAM (Dec 10): A total of 97 individuals will receive the state awards, honours and medals in conjunction with the 78th birthday of the Sultan of Selangor Sultan Sharafuddin Idris Shah on Monday (Dec 11).

97 persons to receive awards, medals in conjunction with Selangor Sultan’s birthday

FOLLOWING a recent request for proposals (RFP) from the General Insurance Association of Malaysia aka Persatuan Insurans Am Malaysia (Piam) and the Malaysian Takaful Association (MTA), the Association of Accredited Advertising Agents Malaysia (4As Malaysia) would like to explicitly state its dissatisfaction with the demand by Piam and MTA for the ownership and retention of agencies’ intellectual property.

Association of advertising agents oppose tenders that usurp ownership of intellectual properties of proposals submitted

KUALA LUMPUR (Dec 10):&nbsp;Husband-and-wife team Ng Han Yang and Rachel Leong, scions of property development and timber families, make their first foray into F&amp;B (food &amp; beverage) with the recent opening of Mellow at Petaling Jaya’s Seventeen Mall.

Days of wine + roses

KUANTAN (Dec 10): The installation of the first track for the East Coast Rail Link (ECRL) project will begin on Monday (Dec 11) — three years before the 665-kilometre (km) railway line that connects the East Coast and the West Coast in the peninsula starts operating in January 2027.

King to grace ceremony to instal first ECRL track on Dec 11

KUALA LUMPUR (Dec 10): A company and its director, a Singaporean, have been charged in the Sessions Court here on four charges of offering RM15 million worth of Islamic redeemable preference shares (iRPS) to the public between Aug 2020 and Aug 2021.

KUALA LUMPUR (Dec 10):&nbsp;Travilion Group of Companies launched its Parq Residence project on Dec 8, and it will be one of the tallest residential buildings in Kuching. Chief executive officer (CEO) Datuk Seri John Lau and co-chief operating officer (co-COO) Peter Lau believe the project will do well, thanks to encouraging booking numbers and also their confidence that high-rise living is something Sarawakians are accepting now.&nbsp;

The sky’s the limit

KUALA LUMPUR (Dec 10): The year 2023 saw Malaysia elevate its commitment toward an inclusive and sustainable public transportation service, which augurs well with the newly launched National Energy Transition Roadmap (NETR) that emphasises clean energy.

Sustainability: The buzzword in 2023 for transportation

DUBAI (Dec 9): Countries clashed on Saturday over a possible agreement to phase-out fossil fuels at the COP28 summit in Dubai, jeopardising attempts to deliver a first-ever commitment to eventually end the use of oil and gas in 30 years of global warming talks.

COP28 clashes over fossil fuel phase-out after Opec pushback

SHAH ALAM (Dec 10):&nbsp;A total of 97 individuals will receive the state awards, honours and medals in conjunction with the 78th birthday of the Sultan of Selangor Sultan Sharafuddin Idris Shah on Monday (Dec 11).

KUALA LUMPUR (Dec 10): Saitama Prefecture, which is ranked fifth in terms of population and economic productivity among the prefectures of Japan, is exploring further investment opportunities in Malaysia in the halal food and automated machinery industries.

Japan's Saitama Prefecture keen to invest in halal food, machinery industries in Malaysia

SYDNEY (Dec 10): Australia will triple fees on purchases of existing homes by foreign buyers, Treasurer Jim Chalmers said on Sunday, as part of measures aimed at increasing the supply of affordable housing.

Australia to triple fees on foreign purchasers of existing homes

FOLLOWING a recent request for proposals (RFP) from the General Insurance Association of Malaysia aka Persatuan Insurans Am Malaysia (Piam) and the Malaysian Takaful Association (MTA), the Association of Accredited Advertising Agents Malaysia (4As Malaysia) would like to explicitly state its dissatisfaction with the demand by Piam&nbsp;and MTA for the ownership and retention of agencies’ intellectual property.

SHANGHAI (Dec 10): China's securities regulator has published draft rules aimed at slashing trading commissions for mutual funds and addressing the conflict of interest between the securities trading and fund sales businesses of brokerages, the latest reform to the US$3.8 trillion mutual fund industry.

KUALA LUMPUR (Dec 10): Malaysia has expressesed its utmost concern on any frivolous and vexatious attempts by any parties employing various tactics to undermine and disrupt the course of criminal proceeding currently ongoing against Gonzalo Stampa.

KUALA LUMPUR (Dec 10): A total of 351 sick and abandoned housing projects, with a gross development value (GDV) of RM32.87 billion, have been completed and restored by the Ministry of Local Government Development (KPKT)&nbsp;throughout one year of the Madani&nbsp;Government's administration.

BEIJING (Dec 10): The Philippines and China traded accusations on Sunday over a collision of their vessels in disputed waters of the South China Sea, as tensions over claims in the vital waterway escalate.

Philippines, China trade accusations over South China Sea collision

GAZA/CAIRO (Dec 10): Israel ordered residents out of the centre of Gaza's main southern city Khan Younis and pounded the length of the enclave overnight, after the United States wielded its UN&nbsp;Security Council veto to shield its ally from a demand for a ceasefire.

BENGALURU (Dec 10): Social media platform X will reinstate the account of US conspiracy theorist Alex Jones after a poll of the site's users backed his return, X owner Elon Musk said on Sunday.

KUALA LUMPUR (Dec 10): It is important to establish the chief information security officer position within every ministry to effectively address the issue of data breaches, following recent incidents such as the breach of the Social Security Organisation (Perkeso) database.

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