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RHB Positive On Guan Chong MoU With Ivory Coast's CCC, Maintains 'Buy' Call

KUALA LUMPUR, Oct 10 (Bernama) -- RHB Investment Bank Bhd (RHB IB) is positive on cocoa manufacturer Guan Chong Bhd's (Guan Chong) recent memorandum of understanding (MOU) with Ivory Coast's Conseil du Café-Cacao (CCC) to acquire a 25 per cent stake in CotéTranscao d’Ivoire (CI). 

CPO Futures Extend Losses Ahead Of MPOB Data Tomorrow

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 9 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives extended their decline on Wednesday due to profit-taking ahead of the Malaysian Palm Oil Board’s (MPOB) September 2024 data due tomorrow, said a trader. 

Increasing WPL Threshold Will Be A Boon For Plantation Sector

KUALA LUMPUR, Oct 9 (Bernama) -- CIMB Securities Sdn Bhd believes that raising the windfall profit levy (WPL) threshold to around RM4,500 per tonne would benefit the plantation sector, ahead of Budget 2025 which will be presented on Oct 18.

CPO Futures Snap Two-day Winning Streak To End Lower

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 8 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a two-day winning streak to end lower today due to the impact of lower crude oil and soybean oil prices, said palm oil trader David Ng.

Indian Refiners' Palm Oil Purchase Cancellation To Be Short-lived -- Johari

By Harizah Hanim Mohamed

KUALA LUMPUR, Oct 8 (Bernama) -- Indian refiners' decision to cancel approximately 100,000 metric tonnes of palm oil purchases in response to its government’s recent import tax hike is considered a temporary measure, said Malaysia’s Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani today.

Govt To Assist Smallholders To Meet New EUDR Deadline - Johari

KUALA LUMPUR, Oct 8 (Bernama) – The government has announced support for local oil palm smallholders to help them meet the new European Union Deforestation Regulation (EUDR) deadline, which has been extended to Dec 30, 2025.

CPO Futures Close Higher Amid Middle East Tensions, Crude Oil Rally

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 7 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday, bolstered by strength in the crude oil market amid escalating tensions in the Middle East, said palm oil trader David Ng.

Bursa Malaysia Higher At Midday

By Kisho Kumari Sucedaram

KUALA LUMPUR, Oct 7 (Bernama) -- Bursa Malaysia ended the morning session firmer today, boosted by positive sentiments following the end of the United States (US) dockworkers strike and the better-than-expected US monthly job data, said an analyst.

CPO Futures Likely To Trade With Upward Bias Next Week

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 5 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias amid rising crude oil and soybean oil prices, a dealer said.

CPO Futures Close Higher Amid Rising Crude Oil Prices

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 4 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Friday amid rising crude oil prices, a dealer said.

Bursa Malaysia Lower At Midday, Tracking Weaker Regional Market

By Zarul Effendi Razali

KUALA LUMPUR, Oct 4 (Bernama) -- Bursa Malaysia ended the morning session lower today, mirroring the weaker performance in the regional markets as sentiments remained cautious due to the Middle East tensions, said an analyst.

India To Spend US$1.2 Bln Over Seven Years To Cut Edible Oil Imports

By Shakir Husain

NEW DELHI Oct 4 (Bernama) -- India will spend 101 billion rupees (US$1.2 billion) over the next seven years to reduce its dependence on edible oil imports.