KUALA LUMPUR: Malaysian palm oil futures closed at an eight-month high on Wednesday, buoyed by sharp gains in rival oils, though a slightly stronger ringgit and worries over demand from India capped gains. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed 0.3% higher at 2,323 ringgit ($554.95) per […]
Read MoreKUALA LUMPUR: The World Bank Doing Business 2020 Report has ranked Malaysia in 12th position amongst 190 economies worldwide, a further improvement from the 15th spot the previous year, says the International Trade and Industry Ministry. Minister Datuk Darell Leiking said the improved ranking was due to the public and private sector members’ collaboration and […]
Read MorePETALING JAYA: The World Bank Group’s present definition of government’s debts that only includes direct debts borrowings is inadequate, Finance Minister Lim Guan Eng says. In a statement issued on Wednesday, he said government guarantees or liabilities that have been committed or crystalised due to default by the principal borrowers, are not covered. “This does […]
Read MoreSINGAPORE: Malaysian palm oil futures closed slightly lower on Monday as the ringgit crept higher, though gains in rival oils minimised losses. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange ended 0.04% lower to 2,286 ringgit ($546.89) per tonne. Dalian’s January palm oil contract was last up 1.5%, while […]
Read MorePETALING JAYA: The risk of Malaysia being excluded from the World Government Bond Index (WGBI) is lower now after Bank Negara’s initiatives and engagements to address investor concerns, RAM Ratings says. However, the possibility of an exclusion from the WGBI still cannot be completely discounted because Malaysia remains on the FTSE Russell’s watchlist for a […]
Read MoreGEORGE TOWN: Northern region-based plastic, tissue paper, fastener, radio frequency chip and semiconductor test-equipment manufacturers are among the beneficiaries of the United States-China trade conflict. Not all Malaysian electronic manufacturers will automatically gain from the conflict. The trade war has prompted multinational corporations (MNCs) in China to outsource production activities to South-East Asia. However, the […]
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