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Malaysia, Indonesia Plans to Export Palm Oil to China

TEMPO.CO, Jakarta – Malaysia and Indonesia will discuss plans to export crude palm oil (CPO) for biodiesel to China. Malaysian Plantation Industry and Commodity Minister Mah Kew Siong yesterday, August 24, said that the two countries will be discussing the plan to export CPO to China. The latter is seeking to adopt 5% biodiesel blended with petroleum diesel […]

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Malaysia’s economic fundamentals remain strong

KUALA LUMPUR: CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak expects the economic growth to ease in the second half of the year. “I think we should lower down our expectation for the second half of this year,” he said when asked on the economic growth. “If you look at analysts expectations, they are expecting a […]

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Malaysia reiterates commitment to sustainable palm practices

PUTRAJAYA: Malaysia has reiterated its commitment to practise the 3-P pillars of sustainable palm oil industry, namely, People, Planet and Profit, to overcome various challenges in the global market, including the European Union (EU) Parliament’s resolution on palm oil and deforestation. Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said Malaysia’s sustainability initiatives […]

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Malaysia central bank says will act on international banks trading ringgit in Singapore

[KUALA LUMPUR] Any international bank that has an operating license in Malaysia could face legal action if it facilitates ringgit futures trading on the Singapore Stock Exchange and the Intercontinental Exchange, Malaysia’s central bank governor said on Friday. Bank Negara Malaysia (BNM) Governor Muhammad Ibrahim said any ringgit transaction in Singapore involving a Malaysian client […]

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Malaysia economy expands 5.8%, beats forecasts

KUALA LUMPUR — Malaysia’s economy grew faster than economists forecast in the second quarter, fuelled by stronger consumer spending and a pick-up in manufacturing. Key Points Gross domestic product rose 5.8% from a year earlier, after climbing 5.6% in the first quarter, Bank Negara Malaysia said Friday The median estimate of 26 economists surveyed by […]

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