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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with upward bias next week, tracking the strong sentiment in the Chicago bean oil market as well as the prospect of better performance.
OIL prices have risen above the long-term average, once adjusted for inflation, and are likely to encounter increasing resistance from consumers if they continue to climb.
BEIJING: Luen Thai Group Ltd, the Hong Kong-headquartered family-owned conglomerate with vast business interests in the Asia-Pacific region, will continue to increase its investments in the Chinese mainland, given emerging opportunities in the form of the dual-circulation development pattern and the Regional Comprehensive Economic Partnership (RCEP).
BEIJING: Profit growth at China’s industrial firms slowed again in May as surging raw material prices squeezed margins and weighed on factory activity.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in range-bound mode next week as the market is lacking movement catalysts, a dealer said.
SELL in May and go away, the old financial adage that investors loosely adhered to seems to be thrown out the window, as far as the Malaysian stock market is concerned.
AS expectations of US Federal Reserve (Fed) tightening its monetary policy gather pace, so are concerns among investors over a potential repeat of the 2013 taper tantrum that rocked emerging markets (EMs).