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Asian shoppers snap up gold bangles amid price slump
NEW DELHI: Gold price’s slump to near a nine-month low is drawing jewellery shoppers in Asia to hunt for bargains.
Mida eyes quality investments
Priority on high-value added projects for technology transfer
Hap Seng Plantations posts higher 4Q net profit of RM36.95mil
KUALA LUMPUR: Hap Seng Plantations Holdings Bhd posted an 18.6% increase in net profit to RM36.95mil in the fourth quarter ended Dec 31, 2021, as compared to RM31.17mil in the previous corresponding quarter on higher average selling prices of crude palm oil (CPO) and palm kernel (PK)
Covid-19 curbs in the US a boon for Thai toy makers
BANGKOK: The Department of International Trade Promotion (DITP) is calling on Thai manufacturers of toys and sports equipment to consider expanding to the United States market, where demand for these products has been rising since the Covid-19 pandemic.
Disconnect between CPO and share price of planters
Price of commodity may weaken in the near term
Banking on integrated planters
PETALING JAYA: Premised on expectations that crude palm oil (CPO) prices will decline, one research house is advocating building positions in integrated plantation players such as Kuala Lumpur Kepong Bhd (KLK) and IOI Corp Bhd.
Summary of business news from Feb 1 to 7
EPF, Ant Group, Hong Leong Bank, Malaysia Airlines, gloves and Green Packet among top stories in week from Feb 1 to 7
CPO futures likely to see quiet trading next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see quiet trading next week or retreat on slight profit-taking, with the price to move between RM3,200 and RM3,350 per tonne.
India’s duty hike reduces CPO competitiveness
KUALA LUMPUR: Research firms believe that India’s import duty hike on crude palm oil (CPO) will reduce the price competitiveness of the commodity against other edible oils in the country, resulting in higher cooking oil price with higher duties.
India's tax increase on crude palm oil imports could reduce shipments
MUMBAI: India has imposed an additional tax on crude palm oil imports as the world's biggest importer of vegetable oils tries to build domestic agriculture infrastructure by taxing imports, Finance Minister Nirmala Sitharaman said on Monday.
