Sunday, March 26th, 2017

 

American Air in negotiations to purchase stake in China Southern

BEIJING, March 26 — American Airlines Group Inc, the world’s largest carrier, is in talks to acquire a stake in China Southern Airlines Co, according to a statement by Asia’s biggest carrier by passengers. The negotiations are over “a…


China slinging salmon on the Internet lures Norway seafood fund

OSLO, March 26 — China is the next market to conquer for Norwegian salmon and this seafood investor. “China is too big to ignore,” Hogne I. Tyssoy, portfolio manager of the Holberg Triton fund, said in an interview in Oslo on Tuesday….


Oil producers call to roll over output cuts beyond June

KUWAIT CITY, March 26 — Venezuela, Oman and Iraq added their support for a possible extension of global oil-production cuts beyond June as momentum built among Opec members and other crude producers to prolong the strategy to re-balance the…


UK food lobby calls for tariff-free post-Brexit trade with EU

LONDON, March 26 — Industry bodies representing the UK food supply chain have called on the government to seek a tariff-free trade agreement with the European Union during coming Brexit negotiations. In a joint statement today, the British…


Brazil hails victory as China, Chile and Egypt lift meat ban

BRASILIA, March 26 — Brazil’s under-fire meat industry received a major boost as China, Chile and Egypt began lifting restrictions on imports from the Latin American country. Agriculture Minister Blairo Maggi announced China’s “total…


Commodities: Time to shine?

  The commodity sector remains one of the most important sectors for Malaysia’s economy. As prices of several commodities such as crude oil and crude palm oil (CPO) were on the uptrend in the past 12 months, the scenario has put fresh hopes that the country’s economy will be on better footing this year. Malaysia, […]


Major infrastructure project opens doors for ICT in Indonesia

State investment in infrastructure and high consumer spending forecasts are set to drive growth in Indonesia’s ICT sector.   Data management In late February, Rudiantara, minister of communication and information technology, announced that Indonesia’s Palapa Ring project is on track to provide the entire country with internet access by 2019. As the government’s cornerstone ICT […]


The week at a glance 26 March 2017

Sabah & Sarawak MTIB, UITM cooperate on research into 10 Malaysian tropical woods The Malaysian Timber Industry Board (MTIB) is working with Universiti Teknologi Mara (UiTM) to undertake research and development into 10 Malaysian wood species for glued laminated timber (glulam). The research involved the compilation of wood strength data to determine the maximum load […]


BPA Malaysia weekly bond market report 26 March 2017

Earlier this week, the MGS yield curve edged lower, in line with the strengthening of US Treasury yield curve as well as firmer ringgit. However, the downward trend reversed on Friday after higher-than-expected Consumer Price Index (CPI) data, which printed at 4.5 per cent, was released. MGS yield curve ended the week with one basis […]


Crude Palm Oil Weekly Report – March 25, 2017

Malaysian palm oil futures slumped on Thursday and continued to trade lower on Friday, as related edible oils weakened and demand slowed. Crude palm oil futures (FCPO) benchmark June 2017 contract settled at 2,754 on Friday, dropped 48 points or 1.71 per cent from 2,803 on last Friday. Trading volume dropped 28.41 per cent to […]