KPK Approves 3,599-hectare Land For Oil Palm Replanting Under TSPKS 2.0 As Of October

KUALA LUMPUR, Oct 22 (Bernama) -- The Ministry of Plantation and Commodities (KPK) has approved 3,599 hectares (ha) of land for oil palm replanting under the Oil Palm Smallholders Replanting Financing Incentive Programme (TSPKS 2.0) as of October 2024.

Ringgit Opens Flat Vs US Dollar Amid Cautious Economic Sentiment

By Zarul Effendi Razali

KUALA LUMPUR, Oct 22 (Bernama) -- The ringgit opened nearly flat against the US dollar on Tuesday, as cautious sentiment surrounding the current economic outlook saw some investors turn to safe-haven assets, an economist said.

BMI: Budget A Positive Step Towards Malaysia's Goal Of Narrowing Budget Deficit To 3.5 Pct By 2027

KUALA LUMPUR, Oct 21 (Bernama) -- The 2025 Budget, tabled by Prime Minister Datuk Seri Anwar Ibrahim on Oct 18, marked a positive step towards Malaysia’s medium-term goal of narrowing its budget deficit to 3.5 per cent by 2027.

CPO Futures Close Higher On Stronger Export Pace, Expectation Of Weaker Output

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Oct 21 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday due to a stronger export pace and the expectation of weaker output in the coming weeks, said a dealer.

Yinson Production's FPSO Vessel Maria Quiteria Achieves First Oil

KUALA LUMPUR, Oct 21 (Bernama) -- Yinson Production's floating production, storage and offloading (FPSO) vessel Maria Quiteria has achieved first oil on Oct 15, 2024, followed by a successful 72-hour test.

Budget 2025 Aims For Growth And Elevated Living Standards - Analysts

KUALA LUMPUR, Oct 21 (Bernama) -- The measures outlined in Budget 2025 aim to reshape the economy by fostering growth and attracting quality investments while balancing fiscal consolidation, "raising the ceiling" for economic growth, and "raising the floor" to elevate living standards, according to analysts.

Malaysia's Economy Expands 5.3 Pct In 3Q, Says DOSM Advance Estimates

KUALA LUMPUR, Oct 21 (Bernama) -- Department of Statistics Malaysia (DoSM) has reported that advance estimates indicate Malaysia's economy grew by 5.3 per cent in the third quarter (3Q) of 2024, following a robust 5.9 per cent growth in the preceding quarter.

Budget 2025 Adjustments In Export Tax Seen Helping Palm Oil Refining Industry Be More Competitive

KUALA LUMPUR, Oct 21 (Bernama) -- The adjustments in export tax under Budget 2025 will help the palm oil refining industry be more competitive, compared with Indonesia, according to Glenauk Economics.

CPO Records Mixed Performance In First Eight Months But Price Rises 3.1 Pct To RM4,005 -- MPOB

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 20 (Bernama) – Malaysia’s palm oil industry chalked up a mixed performance in the first eight months of the year, marked by higher prices and output plus a notable yield improvement. 

CPO Futures Likely To Trade With Positive Bias Next Week

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 19 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a positive bias next week amid lower output growth and stronger export pace.

Rubber Market Likely To Trade Range-bound With Higher Bias Next Week

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 19 (Bernama) -- The local rubber market is expected to trade range-bound with an upside bias next week, driven primarily by replenishment activities, according to industry expert Denis Low.

RON 95 Subsidy Rationalisation To Drive Malaysia's Fiscal Consolidation, Upside Risk Remains - Stanchart

KUALA LUMPUR, Oct 19 (Bernama) --  The government’s RON 95 subsidiy rationalisation plan will drive Malaysia’s fiscal consolidation, however, the subsidy cost will face some upside risks if oil prices rise, according to Standard Chartered (Stanchart).