Johor Plantations Posts Higher Net Profit Of RM257.32 Mln For FY2024

KUALA LUMPUR, Feb 17 (Bernama) -- Johor Plantations Group Bhd (JPG) recorded a higher net profit of RM257.32 million for the financial year ended Dec 31, 2024 (FY2024), up from RM167.31 million a year ago.

Bursa Malaysia Lower At Midday, Selected Selling In Financial And Utility Heavyweights

KUALA LUMPUR, Feb 17 (Bernama) -- Bursa Malaysia was weighed down by continuous selling in selected heavyweights at midday, led by the financial services and utilities sectors.

CPO Futures Seen Lower Next Week On Weak Exports

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Feb 15 (Bernama) --Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade slightly lower next week due to recent export weakness, said palm oil trader David Ng.  

CPO Futures End Higher On Strong CBOT Soybean Oil

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Feb 14 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Friday, supported by the stronger performance of soybean oil on the Chicago Board of Trade (CBOT), a dealer said.

CPO Futures Decline On Weak Demand Concerns

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Feb 13 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives fell on Thursday, dragged down by concerns over weak demand in the coming weeks, a dealer said.

CPOPC Forecasts Modest 2025 Growth In Palm Oil Production

KUALA LUMPUR, Feb 13 (Bernama) -- The Council of Palm Oil Producing Countries (CPOPC) forecasts an increase in palm oil production this year across Malaysia, Indonesia, Honduras, and Papua New Guinea compared to 2024 levels.

Malaysia's GDP Expected To Come In At 5.1 Pct In 2024 - HLIB Research

KUALA LUMPUR, Feb 13 -- Malaysia’s economic growth is expected to be positive with a 5.1 per cent growth year-on-year (y-o-y) in 2024, in line with advance estimate and within the Finance Ministry's (MoF) official target of between 4.8 per cent and 5.3 per cent y-o-y, said Hong Leong Investment Bank (HLIB Research). 

CPO Futures Extend Gains For Fifth Day on Lower Stocks, Stronger Soybean Prices

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Feb 12 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its gains for five consecutive days driven by lower stock levels in the country, a dealer said.

Malaysia Exported RM288.23 Mln Palm Oil And Palm-Based Products To Central Asia In 2024

KUALA LUMPUR, 12 Feb (Bernama) — Malaysia exported 54,665 tonnes of palm oil and palm-based products worth RM288.23 million to Uzbekistan, Kazakhstan, Tajikistan, Kyrgyzstan, and Turkmenistan in Central Asia in 2024, said Plantation and Commodities Deputy Minister Datuk Chan Foong Hin.

Malaysia’s Wholesale, Retail Trade At Record High Of RM1.77 Trillion In 2024 -- DOSM

KUALA LUMPUR, Feb 12 (Bernama) -- Malaysia's full-year wholesale and retail trade sales surged to a record high of RM1.77 trillion in 2024, after recording RM152.2 billion in December, a 5.5 per cent rise year-on-year (y-o-y), said the Statistics Department (DOSM). 

CPO Prices To Remain Stable In February - Analysts

KUALA LUMPUR, Feb 12 (Bernama) -- Crude palm oil (CPO) prices are expected to remain stable this year, ranging between RM4,000 and RM5,000 per metric tonne (MT), according to analysts.

CPO Futures Extend Gains On Weaker Output Growth

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Feb 10 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to extend its gains for four consecutive days driven by weaker-than-expected output growth, a dealer said.