KUALA LUMPUR: Standard Chartered Global Research has raised its 2017 GDP growth forecast for Malaysia to 5.4% from 4.6% underpinned by the strong first half performance but it expects growth to moderate in the second half. It said on Wednesday this reflects strong first half (H1) growth of 5.7%, although it still expects growth to […]
Read MoreKUALA LUMPUR: Malaysia’s producer price index (PPI) for July 2017 rose 7.1% to 106.0 versus a year earlier. In a statement on Wednesday, the statistics department said the mining index recorded the highest increase of 24%, followed by agriculture, forestry and fishing (7.8%), manufacturing (5.9%), electricity and gas supply (1.7%) and water supply (0.4%). On […]
Read More[KUALA LUMPUR] Malaysia’s Sime Darby, the world’s largest oil palm planter by land size, announced on Friday its fourth-quarter net profit more than halved on weak performances at its industrial, logistics and property segments. The conglomerate, whose interests include plantations, properties and motors, recorded a net profit of 571 million ringgit (S$181.902 million) for the […]
Read MoreTEMPO.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 […]
Read MoreKUALA 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 […]
Read MorePUTRAJAYA: 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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