KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to see profit-taking next week, with prices expected to move between RM3,400 and RM3,500 per tonne. Interband group of companies senior palm oil trader Jim Teh said the market is also expected to be quieter in the coming week as many local and international traders will be on long … [Read more...] about CPO futures likely to see profit-taking next week
Oil eases on possible Angola output increase
NEW YORK: Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could increase output after leaving Opec, but rose for the week on positive US economic news and worries Houthi ship attacks would boost supply costs.Brent futures fell 32 cents, or 0.4%, to settle at US$79.07 a barrel, while US West Texas Intermediate (WTI) crude fell 33 … [Read more...] about Oil eases on possible Angola output increase
Elevated prices poised to support growth
AN elevated oil price environment in the year ahead will encourage higher capital expenditure (capex) in the oil and gas industry. This means increased jobs and activities in the sector, boosting its prospects heading into 2024.Overall, oil and gas companies in Malaysia are expected to benefit from this capex upcycle. Source: The Star … [Read more...] about Elevated prices poised to support growth
Niro Ceramic big on expansion next year
IT is not very often we hear of a Swiss multinational company being bought over completely by Malaysians, and run successfully at that, but Niro Ceramic Group (Niro) is an exception.Managing director Ian Kok tells StarBizWeek the first factory belonging to the group was built in Switzerland back in the 1970s, and was actually producing machinery for the food and ceramics … [Read more...] about Niro Ceramic big on expansion next year
Renewable energy charges Yinson’s growth
Yinson Holdings Bhd is still fundamentally an oil and gas firm, even though most of its recent corporate developments have been geared towards moving the company to the renewable energy (RE) space.The company has been progressively announcing an increasing number of initiatives in the RE sector of late, with the latest milestone being the commencement of commercial operations … [Read more...] about Renewable energy charges Yinson’s growth