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CPO Futures Retreat To Close Lower

By Anas Abu Hassan

KUALA LUMPUR, Feb 27 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives retreated from yesterday's gain to close lower today dragged by weakness in rival oils amid a discouraging outlook, according to an analyst.

Press Metal, Bintulu Development Authority Ink MoU On Solar Frame Extrusion Project

KUALA LUMPUR, Feb 27 (Bernama) -- Press Metal Aluminium Holdings Bhd has signed a memorandum of understanding (MoU) with Bintulu Development Authority for a proposed joint venture (JV) related to a solar frame extrusions facility to be located in Bintulu, Sarawak.

Malaysia Produces 386,512 Tonnes Of Natural Rubber In 2024

KUALA LUMPUR, 27 Feb (Bernama) -- Malaysia has produced  386,512 tonnes of natural rubber in 2024, comprising 367,238 tonnes of dry rubber and 19,274 tonnes of latex rubber, said Deputy Minister of Plantation and Commodities Chan Foong Hin.

Kluang Coffee Powder Factory Eyes RM31.5 Mln Revenue In 2025

KOTA TINGGI, Feb 27 (Bernama) -- Local coffee powder manufacturer Kluang Coffee Powder Factory Sdn Bhd aims to achieve RM31.5 million revenue in 2025, up five per cent from RM30 million last year, driven by strong demand from customers in both physical and online marketplaces.

CPO Futures Expected To Trade Between RM4,000-RM4,600 A Tonne Until March 31 - Industry Expert

KUALA LUMPUR, Feb 26 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) is expected to trade between RM4,000 per tonne and RM4,600 per tonne from now until March 31, 2025.

Dodol Makndak Aims To Open Factory This Year To Boost Production

KOTA TINGGI, Feb 26 (Bernama) -- Dodol Makndak, a micro-business operated by a female entrepreneur in Pontian, aims to open a mini-factory this year to boost production.

CPO Futures End Mostly Higher On Supply Concerns

KUALA LUMPUR, Feb 25 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly higher today, supported by concerns over tight supply, said an analyst.

Sabah Ships First Batch Of MD Pineapples Under IPR Intan Programme

KOTA KINABALU, Feb 25 (Bernama) -- Sabah made an agricultural milestone today with the maiden shipment of fresh MD2 pineapples totalling 15 tonnes under the People’s Income Initiative (IPR) programme here.

IOI Corp Posts Lower 2Q Net Profit Of RM111.1 Mln, Declares 5 Sen Dividend

KUALA LUMPUR, Feb 25 (Bernama) -- IOI Corporation Bhd’s (IOI Corp) net profit fell by two-thirds to RM111.1 million in the second quarter ended Dec 31, 2024 (2Q FY2025) from RM335.4 million in the year-ago quarter despite a stronger contribution from the plantation segment. 

Malaysia’s Oil Palm Replanting Lags Target, Govt Steps Up Efforts -- Johari

KUALA LUMPUR, Feb 25 (Bernama) -- The progress in replanting oil palm trees is still lagging, with Malaysia managing to replant 114,000 hectares, or 2.0 per cent of its total planted area in 2024, down from 132,000 hectares (2.3 per cent) in 2023.  

Gamalux Expands With New Pulau Indah Plant, Eyes Leadership In Sustainable Energy

KUALA LUMPUR, Feb 24 (Bernama) -- Gamalux has reached a significant milestone with the construction of its new plant at Pulau Indah, which is progressing on schedule and is expected to be completed in the second quarter of 2025.

Bursa Malaysia Derivatives Hits All-time High Of 22.75 Mln Contracts In 2024 -- Abdul Wahid

KUALA LUMPUR, Feb 25 (Bernama) -- Bursa Malaysia Derivatives recorded an all-time high of 22.75 million contracts traded across all products in 2024, up 19 per cent from 19.11 million contracts in 2022, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar.