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Economy
Cooking Oil Subsidies Total RM3.886 Bln, Palm Oil Levies RM3.278 Bln In 2024-2025 – MOF
KUALA LUMPUR, Oct 7 (Bernama) -- The government spent RM3.886 billion on cooking oil subsidies from 2024 to 2025, compared with RM3.278 billion collected in windfall profit levies from the palm oil industry during the same period, according to the Ministry of Finance (MoF).
Market
Ringgit Opens Slightly Higher Against US Dollar, Markets Eye Budget 2027
KUALA LUMPUR, Oct 8 (Bernama) -- The ringgit opened slightly higher against the US dollar on Thursday as markets awaited the tabling of Budget 2027 for clues on the direction of the country’s fiscal deficit.
Gold Futures On Malaysian Exchange End Lower, Tracking COMEX Losses
KUALA LUMPUR, Oct 7 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower on Wednesday, tracking losses on the US Commodity Exchange (COMEX).
CPO Prices Could Return To RM5,000 Per Tonne In 1Q 2027 – Thomas Mielke
KUALA LUMPUR, Oct 7 (Bernama) -- Crude palm oil (CPO) prices could return to the RM5,000-per-tonne level as early as in the first quarter (1Q) of 2027, driven by potential disruptions to the sunflower oil market and developments surrounding the Russia-Ukraine conflict, said an analyst.
Corporate
AmBank Strengthens Affluent Banking, Wealth Management With Kelawei Flagship Branch
GEORGE TOWN, Oct 7 (Bernama) -- AmBank Group is strengthening its commitment to the affluent segment and wealth management by launching its Kelawei flagship branch, bringing together AmBank Signature Priority Banking (AmSPB) and AmPrivate Banking.
Yinson Prices US$1.458 Bln In Bonds To Refinance Agogo FPSO
KUALA LUMPUR, Oct 7 (Bernama) -- Yinson Production, the offshore production business unit of Yinson Holdings Bhd, has priced US$1.458 billion (US$1=RM4.08) in bonds to refinance its Agogo floating production, storage and offloading (FPSO) vessel off the coast of Angola.
PJBumi Gets Bursa Malaysia Nod For Proposed Share Split
KUALA LUMPUR, Oct 7 (Bernama) -- Bursa Malaysia Securities Bhd has approved PJBumi Bhd’s proposed share split, expected to boost trading liquidity and attract a broader investor base by lowering trading prices.