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Malaysian palm oil/Vegoils: Market factors to watch Wednesday Feb 20

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Feb 20.

Malaysian palm oil futures reversed earlier gains to fall over 1 percent in evening trade on Tuesday, as output declines remained slower than in previous years and stocks in key buying markets stayed high.

Japan January exports fall 8.4% year-on-year

TOKYO: Japan's exports fell 8.4 percent in January from a year earlier, Ministry of Finance (MOF) data showed on Wednesday, in a sign of slowing external demand

Imports fell 0.6 percent in the year to January, versus the median estimate for a 2.8 percent decrease.

Oil near 2019 highs amid Opec supply cuts; rising US output weighs(Update)

SINGAPORE: Oil prices hovered near 2019 highs on Wednesday, supported by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela, but capped by soaring U.S. production and expectations of an economic slowdown.

U.S. West Texas Intermediate (WTI) crude oil futures were at $55.93 per barrel at 0042 GMT, down 16 cents from their last settlement, but not far off their 2019 high of $56.33 reached earlier this week.  International Brent crude futures had yet to trade. They also hit a 2019 high of $66.83 per barrel this week.

Pheim bullish on technology and semiconductor sectors

KUALA LUMPUR: Acclaimed asset management firm Pheim Asset Management Sdn Bhd has set its sights on the technology and semiconductor sectors this year.

Tan: I generally tend to like Internet or semiconductor companies because I think they are the future

‘Hold public hearing when degazetting forest reserves’

IPOH: Public hearings must be conducted when degazetting forest reserves in Perak, say conservationists.

Similar hot issues for EAC to tackle

From G25 MALAYSIA, Kuala Lumpur.

Bernie Sanders seeks U.S. presidency again in 2020

WASHINGTON (Reuters) - U.S. Senator Bernie Sanders, the Vermont progressive whose 2016 White House campaign garnered fervent grassroots support and pushed the Democratic Party sharply to the left, said on Tuesday he would again seek the party's presidential nomination in 2020.

Senegal's modernising president leads field in upcoming election

DAKAR (Reuters) - President Macky Sall is the strong favourite to win Senegal's election on Sunday, boosted by a modernising first term that propelled economic growth although critics accuse him of jailing his rivals for political gain.

Ireland urges people not to stockpile medicines ahead of Brexit

DUBLIN (Reuters) - Ireland's deputy prime minister on Tuesday called on people not to stockpile medicine before Britain quits the European Union, saying the country had at least eight weeks of supply and was moving to source medicines from other EU countries.

Anwar: The people want us to focus on economy, not politics

PETALING JAYA: The man on the street wants politicians to focus on the economy and not on politicking, says Datuk Seri Anwar Ibrahim.