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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade in a cautious mode next week as traders are expected to remain on the sidelines due to concerns over the stock level, a dealer said.
PETALING JAYA: Data from the Statistics Department shows that Malaysia’s trade deficit in services narrowed in 2019 as exports hit an all-time high of RM169.8bil, a 4% increase from the previous year due to a higher demand in the travel, air transport and professional services.
HONG KONG has become a centre of global attention again after China’s National People’s Congress (NPC) adopted a piece of new security legislation for this Asian financial centre to stop unduly demonstrations and violent riots that have hurt its economy and people’s livelihood.
KUALA LUMPUR: The government is dishing out various tax incentives and reinvestment allowances to attract foreign direct investments (FDIs) in the quest to reinvigorate economic growth.
KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin announced a RM35bil short-term economic recovery plan, with RM10bil direct cash injection from the government, to bolster state support for the economy hit hard by the global Covid-19 pandemic.
TAIPEI:Taiwan’s exports are expected to have dropped 4.7% in May compared with a year earlier, as the coronavirus outbreak continues to hit global demand for Taiwan’s electronics exports, according to a median forecast of 12 analysts polled by Reuters.
ROME: World food prices fell for a fourth consecutive month in May, hit by the economic fallout of the coronavirus pandemic which has stymied demand, the United Nations food agency said.
PETALING JAYA: Palm oil inventory in May is projected to rise to the highest level since October last year, given the anticipated improved output in the same month under review, says CGS-CIMB Research.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has delivered the first liquefied natural gas (LNG) import cargoes to Myanmar, the company said, marking a new consumer for the super-chilled fuel.
KUALA LUMPUR/SINGAPORE: Petronas has delivered the first liquefied natural gas (LNG) import cargoes to Myanmar, the company said on Thursday, marking a new consumer for the super-chilled fuel.