Palm oil jumps as dry weather seen slashing output

Malaysian palm oil futures surged on Wednesday on concerns over production due to dry weather in key producing countries and as a leading industry analyst forecast a rally in prices. The palm...

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Sales of hybrid, electric cars to exceed 17 million by 2020

New research forecasts that more than 17 million hybrid electric cars will be on the roads by 2020 as "range anxiety" lessens. The latest figure by Juniper Research marks a significant increase...

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China’s exports suffering from global demand malaise

The February trade data confirms China's disappointing start to 2016, with exports declining 17.9% for the January-February period, the lowest since 2012, due to weak external demand. According...

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KLCI succumbs to profit taking at mid-morning

The FBM KLCI remained in negative territory at mid-morning today weighed by key blue chips that succumbed to profit taking. At 10.05am, the FBM KLCI lost 9.88 points to 1,677.98. The top...

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Bumi Armada to initiate legal action over subsidiary’s contract termination

Maintaining that the sudden termination of its floating production, storage and offloading (FPSO) contract in the Balnaves field off north-western Australia is not valid, Bumi Armada Bhd said the...

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EcoWorld to help female staff realise fullest potential

Property developer Eco World Development Group Bhd kicked off yesterday with a new women's network that features a series of structured learning events to empower and help all EcoWorld female...

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Sona Petroleum rises 1.09% on acquisition of Australian oil firm

Sona Petroleum Bhd rose 1.09% in early trade today after it said it is acquiring the Stag Oilfield offshore Western Australia, and that it will spend as much as A$147 million (RM449 million) to...

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KLCI opens lower, Petronas-linked counters weigh

The FBM KLCI opened lower this morning in line with the retreat at most global markets. At 9am, the FBM KLCI fell 6.55 points to 1,681.31. The top losers included Aeon Credit Services (M)...

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Petronas-led Canada LNG project head denies report it will walk away

The president of a Petronas-led proposed liquefied natural gas export terminal on Canada's West Coast on Tuesday denied a newspaper report that it would walk away from the project if the federal...

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KLCI to face profit taking pressure

The FBM KLCI is expected to face profit taking pressure today in line with the overnight decline at most global markets on the back of weaker economic data from China. World stock markets...

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Toyota halts domestic assembly for a week on parts shortage

Toyota is halting its domestic assembly for a week due to parts shortage. – AFP, February 1, 2016.

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Yen in favour as China concerns hit risk appetite

The yen was broadly firmer early on Wednesday as demand for the safe-haven currency picked up after disappointing Chinese trade data took the wind out of a global risk rally. The dollar last...

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Ikea says will invest US$300 million in northern India

Ikea on Tuesday said it would invest nearly US$300 million (RM1.2 billion) in a northern Indian state as it forges ahead with plans to start selling its low-cost furniture in the giant market...

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China sends world markets sliding

World stock markets sank deep into the red on Tuesday, as China released data showing another hefty slump in exports, sparking renewed worries over the nation's powerhouse economy. China's...

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Palm oil erases gains, chasing weak soyoil

Malaysian palm oil futures eased on Tuesday, following losses in soyoil, though the downside was restricted by a drop in the ringgit and hopes that top-producing countries will now use more...

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OECD indicator flags easing growth in advanced economies

Major advanced economies are seeing growth rates cool while the outlook is stabilising in China, the Organisation for Economic Cooperation and Development said on Tuesday. The outlook for...

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Bursa Malaysia plans to boost options trading, says official

Bursa Malaysia Derivatives plans to boost palm oil options trading following a recent increase in demand from financial institutions and producers, a senior exchange official said on...

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Indonesia’s Bank Central Asia to hold back expansion due to margin squeeze

Indonesia's biggest bank by market value Bank Central Asia (BCA) said it would hold back some expansion plans this year after regulators announced a series of measures that will lower banks'...

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Sona to spend RM449 million developing offshore Australian oilfield

Sona Petroleum Bhd, which is acquiring the Stag Oilfield offshore western Australia, said it would spend as much as A$147 million (RM449 million) to develop the oilfield. The special purpose...

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Maybank-Visa collaboration to simplify online payments

Malayan Banking Bhd (Maybank) became the first bank in Malaysia to enrol Visa cardholders for the Visa Checkout scheme, which simplifies online purchases. Users are required to enter a username...

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