<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 8): Crude palm oil (CPO) futures on Bursa Malaysia Derivatives hit a two-year high, as prices rallied to above RM5,000 per tonne, a trader said.</p></div>

<div class=newsTextDataWrapInner><p>Palm oil trader David Ng said the market outlook remains positive with Indonesia implementing a higher biodiesel mandate next year which will boost demand for palm oil.</p></div>

<div class=newsTextDataWrapInner><p>“Market sentiment was also influenced by weaker output pace. Hence, we see prices well supported above RM4,800 per tonne and resistance at RM5,150 per tonne,” he told Bernama.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>FastmarketS Palm Oil Analytics senior analyst Sathia Varqa said CPO futures notched a 30-month high, supported by a strong biodiesel demand outlook amidst a tight first-quarter production view.</p></div>

<div class=newsTextDataWrapInner><p>At the close, the spot month November 2024 contract rose RM122 to RM5,160 per tonne, December 2024 surged RM148 to RM5,144 per tonne and January 2025 advanced by RM149 to RM5,101 per tonne.</p></div>

<div class=newsTextDataWrapInner><p>February 2025 rose by RM142 to RM5,039 per tonne, March 2025 added RM134 to RM4,938 per tonne, and April 2025 was RM131 higher at RM4,821 per tonne.</p></div>

<div class=newsTextDataWrapInner><p>Trading volume grew to 123,802 lots from 104,193 on Thursday, while open interest fell to 239,911 contracts from 245,610 previously.</p></div>

<div class=newsTextDataWrapInner><p>The physical CPO price for November South soared by RM90 to RM5,160 per tonne.<br />
&nbsp;<br />
<em>Uploaded by Lam Seng Fatt</em></p></div>


Crude palm oil (CPO) futures on Bursa Malaysia Derivatives hit a two-year high, as prices rallied to above RM5,000 per tonne, a trader said.

Palm oil trader David Ng said the market outlook remains positive with Indonesia implementing a higher biodiesel mandate next year which will boost demand for palm oil.

CPO futures at two-year high, prices rally above RM5,000 per tonne

Saudi Arabia’s Crown Prince Mohammed Bin Salman called Donald Trump in the early hours of Wednesday to express his joy at the Republican’s return to power, according to two people with knowledge of the exchange.

Saudi Crown Prince reached out to Trump in late-night phone call — Bloomberg

A partnership between American Airlines Group Inc and JetBlue Airways Corp violated US antitrust law, an appellate court ruled, affirming a lower court decision to end the alliance.

American-JetBlue alliance breakup upheld by appellate court

Fraser and Neave Ltd (F&N) reported earnings of S$150.2 million (RM496.64 million) for the financial year ended Sept 30, 2024 (FY2024), 12.7% higher year-on-year (y-o-y). Second-half earnings, however, fell by 14.9% y-o-y to S$66.4 million.

Fraser and Neave Ltd reports FY2024 earnings of S$150.2m, up 12.7%, on broad-based growth

The S&P 500 zoomed past 6,000 points on Friday to a new record while Treasury yields retreated, as investors again cheered Donald Trump's decisive US presidential election victory, although disappointment about China's latest fiscal support dampened the mood elsewhere.

S&P 500 blows past 6,000 points on Trump presidency; Musk's Tesla jumps 8.2%

Eighteen months following its decision to abandon the single wholesale network (SWN) structure and transition to a dual 5G network, Malaysia sprang yet another surprise by selecting U Mobile Sdn Bhd, the third and smallest of the three bidders that qualified, for the coveted second 5G spectrum bid on Nov 1.

Untangling the second 5G network puzzler

Israeli foreign minister Gideon Saar met Dutch Justice Minister David van Weel and far-right leader Geert Wilders in Amsterdam on Friday afternoon to discuss the assaults on Israeli soccer supporters in the city.

Israeli foreign minister meets Dutch justice minister, far-right leader after assaults

About one-tenth of the US labour force is working in the gig economy, a share that’s held steady from the pre-pandemic years, a new government study found.
 
The so-called gig economy employs some 15.5 million people or 10.2% of the labour force, according to a Bureau of Labor Statistics (BLS) report published on Friday that’s based on a special supplement to the Current Population Survey for July 2023.

America’s gig economy workforce holds steady around 10% of total

German Chancellor Olaf Scholz signalled he’s open to discussing the timing of an early election as long as opposition lawmakers back legislation he wants to pass before his term ends.

After dismantling his coalition with the Greens and Free Democrats on Wednesday and losing his Bundestag majority, Social Democrat Scholz said he was ready to submit to a confidence vote on Jan 15, the first step in triggering a new national ballot in March.

Scholz says ready to discuss timing of snap German election

Invesco Advisers Inc will pay a US$17.5 million (RM77.07 million) fine to settle US Securities and Exchange Commission (SEC) allegations that it misled clients about the share of company-wide assets under management (AUM) that integrated environmental, social and governance (ESG) factors into investment decisions.

SEC slaps Invesco Advisers with US$17.5 mil fine over its ESG claims 

The S&P 500 and the Dow edged higher on Friday, putting them on course for their best week this year, as a sweeping Trump victory powered bets of a business-friendly agenda and an expected interest-rate cut eased pressure on the US economy.

S&P 500, Dow set for best week this year on Trump win, rate cut

<p>A brief recap of some business news and corporate announcements that made the headlines on Friday.</p>


Maxis, 99 Speed Mart, Carlsberg Malaysia, Westports, PIE Industrial, Duopharma, Milux, Steel Hawk, Petra Energy, Fajarbaru, JF Technology, Sarawak Cable, REDtone, HeiTech Padu, Cypark

<p>Eighteen months following its decision to abandon the single wholesale network (SWN) structure and transition to a dual 5G network, Malaysia sprang yet another surprise by selecting U Mobile Sdn Bhd, the third and smallest of the three bidders that qualified, for the coveted second 5G spectrum bid on Nov 1.</p>


<p>Israeli foreign minister Gideon Saar met Dutch Justice Minister David van Weel and far-right leader Geert Wilders in Amsterdam on Friday afternoon to discuss the assaults on Israeli soccer supporters in the city.</p>


<p>The S&amp;P 500 zoomed past 6,000 points on Friday to a new record while Treasury yields retreated, as investors again cheered Donald Trump's decisive US presidential election victory, although disappointment about China's latest&nbsp;fiscal support&nbsp;dampened the mood elsewhere.</p>


<p>Invesco Advisers Inc will pay a US$17.5 million (RM77.07 million) fine to settle US Securities and Exchange Commission (SEC) allegations that it misled clients about the share of company-wide assets under management (AUM) that integrated environmental, social and governance (ESG) factors into investment decisions.&nbsp;</p>


<p>The S&amp;P 500 and the Dow edged higher on Friday, putting them on course for their best week this year, as a sweeping Trump victory powered bets of a business-friendly agenda and an expected interest-rate cut eased pressure on the US economy.</p>


<p>Philippine President Ferdinand Marcos Jr enacted on Friday two laws bolstering his nation’s maritime claims, drawing criticism from Beijing as South China Sea tensions persist.</p>

<p>Marcos signed the Maritime Zones Act, which seeks to make the Philippines’ maritime rights well-defined by creating routes over its waters and airspace.</p>


Marcos signs laws on Philippine Sea rights, drawing anger from China 

<p>About one-tenth of the US labour force is working in the gig economy, a share that’s held steady from the pre-pandemic years, a new government study found.<br />
&nbsp;<br />
The so-called gig economy employs some 15.5 million people or 10.2% of the labour force, according to a Bureau of Labor Statistics (BLS) report published on Friday that’s based on a special supplement to the Current Population Survey for July 2023.</p>


<p>German Chancellor Olaf Scholz signalled he’s open to discussing the timing of an early election as long as opposition lawmakers back legislation he wants to pass before his term ends.</p>

<p>After dismantling his coalition with the Greens and Free Democrats on Wednesday and losing his Bundestag majority, Social Democrat Scholz said he was ready to submit to a confidence vote on Jan 15, the first step in triggering a new national ballot in March.</p>


<p>European Union (EU) leaders are trying to work out whether they can keep the Ukrainian war effort going if Donald Trump decides to shut off support from the US.</p>


EU is looking at ramping up Ukraine aid if Trump pulls plug

<p>Temu is at risk of being fined for breaching European Union consumer-protection law, adding to the e-commerce platform’s regulatory problems a week after the bloc opened a separate investigation into whether it’s doing enough to combat illegal sales.</p>


Temu faces second EU probe for misleading sales practices

<p>US consumer sentiment climbed to a seven-month high in early November, boosted by Americans’ optimism about the future of the economy and their finances.</p>


US consumer sentiment advances to highest level since April

<p>Fraser and Neave Ltd (F&amp;N) reported earnings of S$150.2 million (RM496.64 million) for the financial year ended Sept 30, 2024 (FY2024), 12.7% higher year-on-year (y-o-y). Second-half earnings, however, fell by 14.9% y-o-y to S$66.4 million.</p>


<p>Irish Prime Minister Simon Harris on Friday announced the formal start of the country's general election campaign, hoping to retain his coalition's lead in polls and to capitalise on a slide in support for the opposition Sinn Fein.</p>


Irish PM kicks off election focussing on immigration, housing and Trump

<p>Saudi Arabia’s Crown Prince Mohammed Bin Salman called Donald Trump in the early hours of Wednesday to express his joy at the Republican’s return to power, according to two people with knowledge of the exchange.</p>


<p>A partnership between American Airlines Group Inc&nbsp;and JetBlue Airways Corp&nbsp;violated US antitrust law, an appellate court ruled, affirming a lower court decision to end the alliance.&nbsp;</p>
