KUALA LUMPUR: Malaysian palm oil futures on Thursday rose for a second consecutive session on the back of concerns over output growth, although the market had earlier shown mixed signals due to a stronger ringgit and weaker exports. A stronger ringgit, palm’s currency of trade, typically weakens the market as it makes palm oil more expensive for holders of foreign currencies. […]
Read MoreKUALA LUMPUR: Malaysia is ranked 8th in Asia and 37th worldwide in the Global Innovation Index (GII) 2017 report released by Cornell University, INSEAD, and the World Intellectual Property Organisation on Thursday. The report also said Malaysia was among the top 10 economies in Asia, behind Singapore, South Korea, Japan, Hong Kong, New Zealand and […]
Read MoreKOTA BARU: The crisis between Qatar and other Gulf countries has not affected Malaysia’s trade and investment so far, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. He said Malaysia had close economic, trade and diplomatic ties with all the countries in the Gulf. “We have forged good ties with all countries. We […]
Read MoreKUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday June 15. FUNDAMENTALS * Malaysian palm oil futures bounced back on Wednesday from a 10-month low hit in the previous session, tracking a stronger performance in soyoil on the Chicago Board of Trade and China’s Dalian Commodity […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures hit a 10-month low in the second half of trade on Tuesday on the back of a stronger ringgit, while expectations of rising output and weaker export growth also weighed on the market. The ringgit, palm oil’s currency of trade, gained 0.1 percent to 4.2610 per dollar around on Tuesday evening. It earlier reached […]
Read MoreBANGKOK: International tourist arrivals in Thailand rose 4.6 percent in May from a year earlier, with revenues up 6.9 percent, but a strong baht could impact the lucrative industry, the tourism and sports ministry said. The number of foreign tourists stood at 2.59 million in May, led by visitors from China, Malaysia, India, Russia and […]
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