NATION

Japan’s Terra Drone Sets Up in Malaysia

Terra Drone Corporation (TDJP), a Tokyo-based technology company and one of the global leaders in the Unmanned Aerial Vehicles (UAV) total solutions provider and enabler, is now officially in Malaysia.  Based in Technology Park Malaysia, TDMY will be providing drone survey, inspection and industrial services for multiple industries such as Oil & Gas, Telecommunications, Power, […]

PENJANA’s ‘Shop Online Malaysia’ is part of Cashless Adoption Campaign

Sean Goh, Managing Director of Grab Malaysia  On behalf of Grab, we are excited about and supportive of the Pelan Jana Semula Ekonomi Negara (PENJANA) by the government. As a homegrown tech enabler and proponent of the digital economy, we are honoured to be a part of the government’s Shop Online Malaysia and cashless adoption […]

Malaysia’s Short-term Economic Recovery Plan

By Amarjeet Singh, EY Asean and Malaysia Tax Leader On 5 June 2020, the Prime Minister unveiled the RM35 billion Short-Term Economic Recovery Plan (“Plan”). This Plan was unveiled against the backdrop of a pessimistic global economic outlook and a steep decline in Malaysia’s economic growth projections for 2020, from 4.8% to -2% to 0.5%. […]

India resumes purchases of Malaysian palm oil

Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said. Read more at:https://economictimes.indiatimes.com/news/economy/foreign-trade/india-resumes-purchases-of-malaysian-palm-oil-traders/articleshow/75821854.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst (6)

Mobile Disinfectant Robot Launched in Singapore

Singapore’s leading autonomous mobile robot company SESTO Robotics has launched a dual-function Autonomous Mobile Disinfectant Robot – SESTO HealthGUARD. SESTO HealthGUARD is designed to self-navigate and manoeuvre around tight places, avoiding obstacles and people, making it suitable for many indoor facilities. Proudly made in Singapore, the robots are currently in production and ready for deployment. […]

In a coronavirus-struck world, India and China alone may escape a recession this year

The Indian economy, which was already in the midst of a major slowdown, is now facing a severe deceleration due to the Covid-19 pandemic. This has prompted unprecedented firefighting measures from the country’s central bank. On March 27, the Reserve Bank of India (RBI) cut the repo rate, at which it lends to commercial banks, to 4.4%. It […]

CPO PRICES PERK UP AFTER POSSIBLE END OF SAFEGUARD DUTY

By Charles F. Moreira, Editor Crude Palm Oil (CPO) prices listed by the Malaysian Palm Oil Board (MPOB) perked up to RM2,432.00 per tonne on 4 March 2020, after having trended steadily downwards to low of RM2,377.50 the day before. Also, prices per tonne of oil palm fresh fruit bunches (FFB) which had been trending […]

CPO PRICES PLUNGE AFTER MAHATHIR’S RESIGNATION

By Charles F. Moreira, Editor Prices of crude palm oil (CPO) listed on the Malaysian Palm Oil Board’s (MPOB) website plunged from RM2,645.00 per tonne at 4.30pm on 24 February 2020 to RM2,545.00 per tonne at 4.30pm Malaysian Time on 25 February 2020, a drop of RM100 per tonne in a day. This sharp drop […]

CPO PRICE PLUNGES TO RM2,689.00 PER TONNE

By Charles F. Moreira, Editor Following our article Reinstate Exemption of Palm Oil Export Tax of 29 January 2020, the weighted average price of crude palm oil (locally delivered) according to the Malaysian Palm Oil Board (MPOB) plunged to RM2,689.00 per tonne on 30 January 2020, down from RM2,984.00 per tonne on Friday 24 January […]

Reinstate Exemption of Palm Oil Export Tax

By Charles F. Moreira, Editor We ended our previous article – Minimal impact on Malaysia’s Palm Oil’ …Really? – on an optimistic note that the price of Malaysian crude palm oil (CPO) and fresh fruit bunches (FFB) would soon resume their uptrend after a transient temporary rocky patch. Coupled with that, our optimism was bolstered […]

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