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THE commodity-related industries in Malaysia are grappling with the coronavirus (Covid-19) turmoil that has led to the current depressed prices and gloomy export outlook in the coming months.
KUALA LUMPUR: Face masks produced by registered manufacturers will be exempted for sales tax by Royal Malaysian Customs Department effective Monday in a new effort by the government to lower the price of the product. Imports will also be exempted from duty.
KUALA LUMPUR: The Finance Ministry (MoF) has exempted certain types of face masks from import duty and sales tax, effective March 23.
KUALA LUMPUR: Tun Dr Mahathir Mohamad had on Thursday unveiled the RM20bil stimulus package to offset the fallout from the Covid-19 coronavirus.
KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Derivatives Exchange extended its rally from 2019 to breach the RM3,100 per tonne mark yesterday, following India’s decision to cut import duties on the commodity.
KUALA LUMPUR: Crude palm oil (CPO) for third month delivery rose to a high of RM3,080 per tonne on Thursday, extending its rally from 2019 after India cut import duties.
KUALA LUMPUR: Given the strong bilateral trade relationship between Malaysia and India, the Malaysian Palm Oil Association (MPOA) hopes the South Asian country would continue to source its palm oil from Malaysia, said chief executive Datuk Nageeb Wahab.
GEORGE TOWN: Northern region-based plastic, tissue paper, fastener, radio frequency chip and semiconductor test-equipment manufacturers are among the beneficiaries of the United States-China trade conflict.
THE palm oil industry has been firefighting one issue after another and the latest one with the possibility India may cut its purchase of palm oil from Malaysia is turning out to be a problem the industry is threading carefully on.
KUALA LUMPUR: A recent news report on India wanting to reduce palm oil imports from Malaysia has stirred up a lot of anxiety and tension among industry players, especially smallholders.