<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 />
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<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

Pahang Islamic Affairs, Rural Development, and Orang Asli Affairs Committee chairman Datuk Seri Syed Ibrahim Syed Ahmad has confirmed that a video alleging the allocation of durian plantation land in Pahang to retired soldiers is fake.

Video alleging durian land allocation is actually Skim Tanah Rakyat land rights handover, says Pahang MP's rep

The launch of a new direct route from Chennai to Penang, via IndiGo, commencing on Saturday, marks a significant milestone in enhancing connectivity, generating economic opportunities, and solidifying Penang’s position as a regional air travel hub.

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The world’s biggest stablecoin issuer, Tether Holdings Ltd, is on track to close the year with more than US$10 billion (RM45.07 billion) in net profits, chief executive officer Paolo Ardoino said in an interview.

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BNP Paribas SA finalised the €5.1 billion (US$5.3 billion or RM24.0 billion) purchase of Axa SA’s asset management unit, in the biggest acquisition under chief executive officer Jean-Laurent Bonnafe.

BNP Paribas signs €5.1b deal to buy Axa’s asset manager

At least five people were killed in a car-ramming attack at a German Christmas market in the city of Magdeburg that also left more than 200 injured, officials said, and a Saudi man was arrested on suspicion of driving a car into the crowd.

Death toll in German Christmas market car-ramming rises to five, more than 200 injured

UK Prime Minister Keir Starmer’s pursuit of closer ties with China has raised private questions from Donald Trump’s incoming administration, European diplomats and even some senior British officials.

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The US Congress passed spending legislation early on Saturday in a down-to-the wire burst of activity that will avert a destabilising government shutdown ahead of the busy holiday travel season.

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Honda and Nissan are considering producing vehicles in one another's factories as part of their plan to deepen ties and potentially merge, Japan's Kyodo news agency said on Saturday.

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The Cabinet draft paper on the separation of powers between the attorney general (AG) and the public prosecutor (PP) is expected to be ready by the middle of next year, said Prime Minister Datuk Seri Anwar Ibrahim.

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The government will continue its Special Appreciation for Pensioners (PKKP) initiative, aimed at supporting affected pensioners and derivative pension recipients, to ensure the welfare of this group is well taken care of.

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<p>The Malaysia Competition Commission (MyCC) has warned that it will take a firm stance against associations that openly announce price hikes, minimum pricing or new trading conditions, particularly through the media.</p>


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<p>The US&nbsp;Congress passed spending legislation early on Saturday in a down-to-the wire burst of activity that will avert a destabilising government shutdown ahead of the busy holiday travel season.</p>


<p>Alphabet Inc’s Google called a US Justice Department (DOJ) plan to force it to sell its web browser “extreme” and at odds with the law, urging a Federal Court judge to take caution lest he stifle innovation and future investment.</p>


Google blasts Chrome sale as ‘extreme’ remedy at odds with law

<p>At least five people were killed in a car-ramming attack at a German Christmas market in the city of Magdeburg that also left more than 200 injured, officials said, and a Saudi man was arrested on suspicion of driving a car into the crowd.</p>


<p>At first glance,&nbsp;Sony Group Corp’s US$1.2 billion (RM5.4&nbsp;billion) acquisition of the anime streaming site Crunchyroll in 2021 looks like a success. Subscribers to the US$8-a-month service have tripled to 15 million since then, and the number of new shows has doubled to more than 50 every quarter.</p>


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<p>Volkswagen AG (VW) reached an agreement with labour leaders to cut capacity at its namesake brand while avoiding factory closures, capping three months of tense negotiations and preventing further union walkouts.</p>


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<p>The launch of a new direct route from Chennai to Penang, via IndiGo, commencing on Saturday, marks a significant milestone in enhancing connectivity, generating economic opportunities, and solidifying Penang’s position as a regional air travel hub.</p>


<p>The government will continue its Special Appreciation for Pensioners (PKKP) initiative, aimed at supporting affected pensioners and derivative pension recipients, to ensure the welfare of this group is well taken care of.</p>


<p>Honda and&nbsp;Nissan are considering producing vehicles in one another's factories as part of their plan to&nbsp;deepen ties&nbsp;and potentially merge, Japan's <em>Kyodo </em>news agency said on Saturday.</p>


<p>UK Prime Minister Keir Starmer’s pursuit of closer ties with China has raised private questions from Donald Trump’s incoming administration, European diplomats and even some senior British officials.</p>


<p>Pahang Islamic Affairs, Rural Development, and Orang Asli Affairs Committee chairman Datuk Seri Syed Ibrahim Syed Ahmad has confirmed that a video alleging&nbsp;the allocation of durian plantation land in Pahang to retired soldiers is fake.</p>


<p>Thunderstorms, heavy rain and strong winds are expected in&nbsp;Perak, Kelantan, Terengganu, Pahang, Selangor and&nbsp;Johor until 4pm on Saturday.</p>


Thunderstorms in six states until 4pm on Saturday — MetMalaysia

<p>Hong Leong Investment Bank (HLIB) expects inflation to rise in 2025, driven by domestic policy reforms such as RON95 fuel subsidy rationalisation and an expanded sales and service&nbsp;tax (SST) scope. &nbsp;</p>


HLIB sees higher inflation in 2025 on RON95 subsidy rationalisation, expanded SST scope

<p>With Donald Trump set to return to the White House in January, Prime Minister Datuk Seri Anwar Ibrahim has expressed confidence in Malaysia’s ability to safeguard its foreign policy and economic priorities amid&nbsp;evolving global dynamics.</p>


Malaysia to adapt to Trump era, says Anwar

<p>Nippon&nbsp;Steel alleges the White House had "impermissible undue influence" over a national security review of its US$14.9 billion (RM67.2&nbsp;billion) bid for US&nbsp;Steel and threatened legal action if the deal is blocked.</p>


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<p>OpenAI is preparing to launch a new artificial intelligence (AI) model that it said is capable of more advanced human-like reasoning than its current offerings, ratcheting up the competition with rivals such as Alphabet Inc’s Google.</p>


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<p>The Johor government has completed seven housing projects, categorised as ‘sick’ and abandoned, this year, representing an estimated property value of about RM700 million.</p>


Seven 'sick' housing projects worth RM700m completed in Johor, says exco

<p>Prime Minister Datuk Seri Anwar Ibrahim on Saturday called for an immediate end to any narratives involving racial profiling in the context of aid distribution and efforts to combat hardcore poverty in the country.</p>


Anwar calls for end to racial profiling narratives in tackling hardcore poverty

<p>US President-elect Donald Trump appears committed to imposing high tariffs on imports to the United States – or, at least, using the threat of tariffs to bend US trading partners to his will. Trump now says he will enact a 25% tariff on all imports from Canada and Mexico on his first day in offic...