India Hikes Import Tax On Palm Oil, Other Edible Oils By 20 Pct

By Shakir Husain

NEW DELHI, Sept 14 (Bernama) -- India has hiked import tax on palm oil and other edible oils by 20 per cent, a move seen as helping local oilseed farmers.

India Removes Minimum Price Restriction On Basmati Rice, Onion Exports

By Shakir Husain

NEW DELHI, Sept 14 (Bernama) -- India has removed the minimum price bar for basmati rice and onion exports, with the country's trade minister hailing the decision as beneficial to farmers.

Bad Weather Conditions Likely To Boost Rubber Market Next Week

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Sept 14 (Bernama) — The local rubber market is expected to trade higher next week due to uncertainties caused by bad weather conditions, which could boost both demand and prices, said industry expert Denis Low.

Bursa Malaysia Set To Consolidate Next Week Amid Strength In Global Equities

By Harizah Hanim Mohamed

KUALA LUMPUR, Sept 14 (Bernama) -- Bursa Malaysia is expected to consolidate within the 1,630-1,670 range next week, offering accumulation opportunities and potentially setting the stage for an upward move as market sentiment improves.

Ringgit Likely To Continue Uptrend Next Week, Trading At 4.28-4.29 Against US Dollar

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Sept 14 (Bernama) -- The ringgit is expected to continue its uptrend next week, trading at 4.28 to 4.29 against the US dollar, ahead of the United States (US) Federal Open Market Committee (FOMC) meeting on Sept 17-18. 

Gold Futures To Trade In Consolidation Mode Next Week

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Sept 14 (Bernama) -- Gold futures contract on Bursa Malaysia Derivatives (BMD) is likely to trade in consolidation mode next week, ahead of the United States (US) Federal Open Market Committee’s meeting on Sept 17-18. 

CPO Futures Expected To Trade Lower Next Week

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Sept 14 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade on a downward bias next week, given the persistent weak demand seen recently, a dealer said.

FBM KLCI Futures Set To Consolidate Next Week

KUALA LUMPUR, Sept 14 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is set to consolidate next week in sync with the underlying cash market. 

China-Malaysia Bilateral Trade Surges To US$117.52 Bln In First 7 Months Of 2024

KUALA LUMPUR, Sept 13 (Bernama) -- Bilateral trade between China and Malaysia surged to US$117.52 billion (US$1 = RM4.30) in the first seven months of 2024, a 10.8 per cent increase compared with the same period last year, said Chinese Ambassador to Malaysia Ouyang Yujing.

Cpo Futures Close Lower, Tracking Weak Demand

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Sept 13 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Friday as concern over weak demand for the commodity grows, a trader said.

Ringgit Breaches 4.30 Level Against US Dollar, Hits 20-month High

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Sept 13 (Bernama) -- The ringgit breached the RM4.30 level today, hitting a 20-month high against the US dollar, as traders expect the United States Federal Reserve (Fed) to cut interest rates between 25 and 50 basis points, said an economist.

Bursa Malaysa Ends On A High Note

By Siti Radziah Hamzah

KUALA LUMPUR, Sept 13 (Bernama) -- Bursa Malaysia ended its trading this week on a high note on the back of investors’ anticipation of the United States’ (US) Federal Reserve announcement on interest rate next week.