NEW DELHI: Malaysian palm oil futures rose on Tuesday, in line with rival soyoil, but estimates of higher output and sluggish exports by the world’s top producers limited gains. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed up 0.46%, or 9 ringgit, at 1,967 Malaysian ringgit ($475.47) per tonne. On Monday, […]
Read MorePUTRAJAYA: The macroeconomic challenges faced by Malaysia are expected to continue, but the World Bank has reaffirmed its confidence that Malaysia’s aspiration to become a high-income nation by 2024 remains possible, as long as the country’s gross national income (GNI) per capita continues to grow at a range of 4% to 4.5%. The Washington-based World […]
Read MoreMUMBAI: Malaysian palm oil futures rebounded on Monday from their lowest in seven months, following gains in rival soyoil, but an expected rise in output and weak exports capped the upside. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed up 0.31%, or 6 ringgit, at 1,957 ringgit ($473.6) per tonne, after […]
Read MoreOF late, there have been calls from different quarters appealing to the government to reduce the pricing threshold of properties that foreigners are allowed to buy. The call is a result of a growing number of completed but unsold units in the country. Over a five-year period between 2014 and the end of 2018, the […]
Read MoreKUALA LUMPUR: A “huge rally” may be in store for commodity and equity markets should the United States and China surprise investors by sealing a trade deal, said CME Group senior economist and executive director Erik Norland. “On the other hand, it is also not the end of the world, if US President Donald Trump delays the […]
Read MoreKUALA LUMPUR: Foreign funds upped the ante in acquiring stocks listed on Bursa, acquiring RM171.7mil of local equities last week, according to MIDF Research. The research house said the amount was six times more than the amount bought in the week before. MIDF said the first two days of the week saw international funds selling […]
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