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January 18, 2018 12:37 PM Malaysian palm oil output to rise 3% in 2018

KUALA LUMPUR: Palm oil production in Malaysia, the world’s No. 2 producer of the commodity, will rise by 3% in 2018, an industry body forecast today. The Malaysian Palm Oil Board (MPOB) expects production to climb to 20.5 million tonnes from 19.9 million tonnes in 2017, the group’s director-general, Datuk Ahmad Kushairi, said at an industry conference 8

January 18, 2018 7:44 AM MITI: 2017 was bumper year for Malaysia’s auto sector

(From left) Datuk Zainal Amanshah, Datuk Dr Loga Bala Mohan, Datuk Mustapa Mohamad and Datuk Idris Jala at the networking event by InvestKL, February 11, 2015. ― Picture by Choo Choy MayKUALA LUMPUR, Jan 18 — The local automotive sector rose in terms of production, market penetration and exports of parts and components in 2017, said the International 7

January 18, 2018 6:00 AM Malaysia says European move to ban palm oil from biofuels is ‘crop apartheid’

Malaysia is the world's second-biggest palm oil producer after Indonesia, and the two countries together account for nearly 90 per cent of global output. — Reuters picKUALA LUMPUR, Jan 18 ― Malaysia today criticised the European Union for backing a ban on the use of palm oil in biofuels, calling the move a protectionist trade barrier and a form of “crop apartheid 5

January 18, 2018 5:09 AM MPOB: Malaysia palm oil output, exports forecast to rise in 2018

A worker carries palm oil fruits during harvest time at Teluk Payu village in Banyuasin, Indonesia’s South Sumatra province, November 28, 2016, in this picture taken by Antara Foto. — Reuters picKUALA LUMPUR, Jan 18 — Palm oil production in Malaysia, the world’s second-largest producer of the edible oil, will rise by 3 per cent in 2018, an industry body forecast 7

January 11, 2018 7:24 AM Positive ringgit backed by robust economic growth, says minister

Datuk Seri Johari Abdul Ghani says the ringgit is also supported by Malaysia’s strong exports. — Picture by Yusof Mat IsaKUALA LUMPUR, Jan 11 — The ringgit’s current upward momentum against major currencies is backed by the country’s robust domestic economy and healthy trade performance, underpinned by the recovery in global oil prices. Second Finance 10

January 9, 2018 8:43 AM Palm oil export earnings forecast to hit RM80b in 2018

Mah said the government has forecast that the production of CPO will exceed 20 million tonnes for this year. — Reuters picKUALA LUMPUR, Jan 9 — The government is optimistic in obtaining RM80 billion in revenue for crude palm oil (CPO) export earnings this year, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said today. “We are confident 11

January 7, 2018 10:46 AM Iraq to export Kirkuk oil to Iran before end-Jan, says Iraqi oil minister

Trucking crude to Iran comes under a swap agreement. — Reuters picBAGHDAD, Jan 7 — Iraq will start exporting oil from the northern Kirkuk fields to Iran before the end of January, Iraqi Oil Minister Jabar al-Luaibi told reporters on Sunday in Baghdad. About 30,000 barrels per day of crude will be trucked to Iran's Kermanshah refinery in the first instance 10

January 4, 2018 3:25 AM Report: Britain possibly in talks to join TPP (VIDEO)

KUALA LUMPUR, Jan 4 ― UK’s Department for International Trade is believed to be working on proposals to enter the troubled Trans-Pacific Partnership, said MIDF Research quoting The Guardian. Britain is said to be eyeing entry into the Trans-Pacific trade group to support its exports once the country leaves the European Union, and has reportedly held informal 9

December 18, 2017 7:06 AM Sri Lankan president rolls out red-carpet to welcome Najib

Prime Minister Datuk Seri Najib Razak is greeted by Sri Lankan President, Maithripala Sirisena, at the Presidential Palace in Colombo 18 December, 2017. — Bernama picCOLOMBO, Dec 18 — Prime Minister Datuk Seri Najib Razak was accorded a grand welcoming ceremony with full police honours as he arrived for talks with Sri Lankan President, Maithripala Sirisena 13

December 14, 2017 5:55 AM World Bank revises Malaysia GDP target for 2017 again

KUALA LUMPUR: The World Bank has once again revised upward its full year forecast for Malaysia's gross domestic product (GDP) growth from 5.2% to 5.8%, on the back of strong domestic and external demand. World Bank Director for Regional Partnership Malaysia and Thailand Dr Ulrich Zachau said, the lift is attributable to economic growth chartered across 7