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KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Dec 20.
TOKYO: Business confidence among Asian companies rose in October-December to the highest in almost seven years due to robust consumption and global trade, a Thomson Reuters/INSEAD survey showed. The index for Malaysia weakened to 64 from 75 as respondents expressed concern about consumer sentiment. A reading above 50 indicates a positive outlook.
PETALING JAYA: An improving economy, recovering consumer sentiment and better corporate earnings will help support the stock market and ringgit next year.
UEM Sunrise Bhd has proposed the disposal of 28.995 acres of freehold agricultural lands in Iskandar Puteri, Johor Baru, to Kimlun Corp Bhd for a total consideration of RM82.1mil.
KUALA LUMPUR: The FBM KLCI struggled to hold on to higher ground, ending the morning session just half a point higher against its previous close at 1,751.67 points.