EU’s F2F An Impetus For Palm Oil Producers To Improve Sustainability Standards: CPOPC

KUALA LUMPUR, July 17 (Bernama) — The Farm to Fork (F2F) strategy launched recently by the European Commission offers a major opportunity for palm oil-producing countries to work together and further improve sustainability standards, Council of Palm Oil Producing Countries (CPOPC) said. It will also serve as a useful tool to enable…

LIMA’21 Cancelled Due To Economic Factor, COVID-19 Pandemic

KUALA LUMPUR, July 17 (Bernama) — Malaysia’s 2021 Langkawi International Maritime and Aerospace Exhibition (LIMA ’21), scheduled to be held from March 16-20 next year, has been cancelled due to the COVID-19 pandemic, the Defence Ministry said. “The Defence Ministry and Transport Ministry, as the main sponsors of LIMA ’21,…

Global Economic Recovery to Accelerate in H2 2020

KUALA LUMPUR, July 17 (Bernama) — Global economic recovery is expected to accelerate in the second half of this year after the massive contraction in the first half due to the COVID-19 pandemic. Chinese e-commerce giant JD.com chief economist Jianguan Shen said purchasing power has improved tremendously in the second quarter, boosted by the stimulus packages…

All Parties Must Work Together To Maintain Peace In South China Sea – Malaysia’s FM

KUALA LUMPUR, July 17 (Bernama) — Malaysia maintains its position that all parties must work together to ensure peace, security and stability as well as continue to play an active role in ensuring that the South China Sea remains a sea of peace and trade. Foreign Minister Hishammuddin Hussein said…

Malaysian Government Gets Interim Order to Prohibit PetroSaudi From Moving US$340 Million Linked To 1MDB

KUALA LUMPUR, July 16 (Bernama) — The Malaysian High Court here Thursday allowed the government’s application for an interim order to block PetroSaudi International Ltd (PSI) and its director Tarek Obaid from moving over US$340 million, that is linked to 1Malaysia Development Berhad (1MDB) and kept in a client’s account…

Malaysia’s Palm Oil, Palm-Based Product Exports Estimated At US$15.22 – US$16.39 Billion For 2020 – Minister

KUALA LUMPUR, July 16 (Bernama) — Malaysia is expected to export palm oil and palm-based products valued at between US$15.22 billion (RM65 billion) and US$16.39 billion (RM70 billion) this year compared to RM63.73 billion in 2019. (US$1 = RM4.26) Plantation Industries and Commodities Minister Dr Mohd Khairuddin Aman Razali said…

India Expects US$118 Billion Spending On Energy Projects In Next Five Years

By Shakir Husain NEW DELHI, July 16 (Bernama) — India is looking for greater cooperation with the United States in the oil and gas sector and expects to carry out energy projects worth US$118 billion (US1 = RM4.26) in the next five years. Petroleum Minister Dharmendra Pradhan in an interaction…

Accession Talks With North Macedonia, Albania Among Flagship Achievement Under Croatian EU Presidency – Ambassador

By V. Sankara KUALA LUMPUR, July 16 (Bernama) — The six-month-long Croatian Presidency of the Council of the European Union (EU) has marked four main flagship achievement, including the opening of accession negotiations with North Macedonia and Albania to join the EU as member states, said Croatian Ambassador to Malaysia…

Thailand’s Deputy PM and Top Economic Team Resigns, Cabinet Shakeup Expected

By Linda Khoo Hui Li BANGKOK, July 16 (Bernama) — Thailand’s Deputy Prime Minister Somkid Jatusripitak and three cabinet ministers including the finance minister have tendered their resignation Thursday after facing pressure following the leadership reshuffle of Palang Pracharath Party (PPRP) last month. The resignation of Somkid and the economic…

Moody’s: COVID-19 Crisis Bring Long-Term Changes To Structured Finance

KUALA LUMPUR, July 16 (Bernama) — The COVID-19 crisis is bringing long-term changes to structured finance worldwide, altering the risk profile of many asset classes because of the effects of government’s intervention, behavioural changes and other developments, said Moody’s Investors Service on Thursday. Moody’s vice president and senior research analyst…