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KUALA LUMPUR: Malaysian Palm Oil Association calls on government to indefinitely suspend the windfall tax imposed on palm growers even when prices surpass 2,500 ringgit/ton, while crude palm oil export duty exemption should continue into next year, the group says.
GENERALLY, Finance Ministers are meticulous in their messaging. This is because what they say – even in passing – is taken seriously. It has been proven time and again – both locally and overseas.
PETALING JAYA: Datuk Seri Dr Wee Ka Siong has told Finance Minister Lim Guan Eng to not make jokes that could have a negative impact on the stock market.
PETALING JAYA: Stocks on Bursa Malaysia, which have been the worst-performing in Asia this year, were dealt another blow as the probability of an interest rate cut hit banking stocks across the board.
LONDON: Britain may impose new taxes on tech giants like Google and Facebook unless they do more to combat online extremism by taking down material aimed at radicalising people or helping them to prepare attacks, the country's security minister said.
KUALA LUMPUR: It is still premature to expect a steep recovery in second quarter earnings (Q2 16) versus a full-year forecasts in the oil palm plantation sector after a dismal performance in the first quarter (Q1 16).
THE strongest El Nino in decades is expected to mess up everything – people, birds, crops, fish – and for Malaysia, a major impact will be reduction in palm oil output which will drive prices higher.