RHB Investment Bank Research has maintained “neutral” on the rubber products sector and said the recovery of the Malaysian rubber glove industry remains uneven, as indicated by April’s weak export data.

RHB expects global glove demand to contract by 5% y-o-y in 2023

NanoMalaysia Bhd (NMB), the agency of nanotechnology and advanced solution commercialisation under the Ministry of Science, Technology and Innovation, has signed a memorandum of understanding (MOU) with the Malaysian Rubber Council (MRC) to promote successful uptake and commercialisation of local intellectual properties (IPs) and products developed by Malaysian companies related to the rubber industry.

NanoMalaysia inks MOU with Malaysian Rubber Council to commercialise local IPs

Given the growth of Malaysia's rubber exports by 150% to RM44.43 billion in the first half of this year (1H21) from RM17.77 billion in the same corresponding period of 2020, the industry is projected to rebound for the full year of 2021.

Rubber exports expected to rebound in 2021 as double-digit growth in global demand continues

KUALA LUMPUR (Oct 7): Amid a fall in rubber prices to a low this year of RM5.16 a kg on Oct 4, the Malaysian Rubber Board (LGM) assured smallholders that their welfare will not be affected under the government’s Rubber Production Incentive (IPG). 

"The IPG will ensure that rubber prices received by smallholders, at estate level, are not affected by the decline in the world market," LGM said in a statement. "At the international level, Malaysia continues to cooperate with the major rubber producing countries, namely Thailand and Indonesia, under the framework of the International Tripartite Rubber Council (ITRC) to address the long-term decline in rubber prices through measures such as the Supply Management Scheme, the Demand Promotion Scheme and the Agreed Export Tonnage Scheme."

Amid rubber price decline, LGM says smallholders' welfare unaffected by govt incentive scheme

KUALA LUMPUR (Sept 4): The Malaysian Rubber Board (MRB) is expecting rubber prices to remain "relatively low" ahead of an expected oversupply until 2023.

"In general, rubber price (for grade MSR-20) will remain relatively low at about RM5-RM6 for the next one or two years," said MRB dir...

Malaysian Rubber Board expects prices to remain subdued

KUALA LUMPUR (Oct 31): Global rubber prices are not only impacted by demand and supply but other factors including the performance of futures markets and crude oil prices, said Deputy Plantation Industries and Commodities Minister Datuk Datu Nasrun Datu Mansur.

Currency exchange rates a...

Demand-supply not sole factor in determining global rubber price, says minister

KUALA LUMPUR (Sept 13): Rubber prices are likely to continue rising in the near term and may reach heights previously seen earlier this year, according to technical analysts.

"Current prices appear to be at the beginning of a bullish trend," said Jupiter Securities chief market strategi...

Rubber prices likely to remain bullish until 2018, say analysts

KUALA LUMPUR (June 14): The production of natural rubber (NR) increased 17.1% to 48,889 tonnes in April 2017, from 41,753 tonnes a year earlier.

On a monthly basis, however, it decreased 39.2% from 80,384 tonnes in March 2017.

In a statement today, the Statistics Department sa...

Malaysia's April rubber production up 17.1% on year

TOKYO (March 7): Benchmark Tokyo rubber futures dipped more than two percent on Tuesday, touching a one-week low, as weaker Shanghai futures dampened sentiment.

The Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery finished 6.6 yen or 2.4% lower at 269.4 yen (US$2.37)...

TOCOM dips to 1-week low as weak Shanghai dampens sentiment

TOKYO (March 8): Benchmark Tokyo rubber futures slipped to the lowest in more than two months on Wednesday as Shanghai futures continued to decline amid concerns over rising inventories in the world's biggest rubber consumer.

"Tokyo rubber prices have apparently peaked out and are ...

TOCOM slips to 2-month low following Shanghai tumble

TOKYO (March 10): Benchmark Tokyo rubber futures snapped a 3-day losing streak on Friday after hitting a 2-1/2 month low earlier in the session, with investors looking for bargains and helped by a weaker yen, but it still booked a weekly loss amid falling Shanghai futures.

"Rubber ...

TOCOM snaps 3-day losing streak on lower yen; books weekly loss

TOKYO (March 13): Benchmark Tokyo rubber futures came of early falls to extend gains into a second session on Monday, as Shanghai futures recovered from a near four-month trough.

Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, recov...

TOCOM bounces back from early falls as Shanghai recovers

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

China passes tariff law amid tensions with trading partners

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

BCorp, Capital A, AAX, YNH, Sam Engineering, Turiya, Gadang, Microlink, Nestle, Wiradani, D&O, Homeritz, Unisem

(April 26): HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co film financing.

HSBC wins £1.3 bil suit over Disney film finance scandal

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

KUB extends deadline for CCB MGO a second time

EVENING 5: Five things you need to know today

KUALA LUMPUR (April 26): KPJ Healthcare Bhd, through its premier educational institution KPJ Healthcare University (KPJU), has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise healthcare.

KPJ Healthcare, Trusx Malaysia collaborate for AI-driven healthcare solutions

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

Wall Street rises as Big Tech charges higher

In today’s edition of Evening 5: 00:00 Merger of airlines enough to reverse negative equity - Fernandes 02:16 Govt set to unveil second 5G network next week  03:26 Unisem’s 1Q hit by margins, forex 04:30 Berjaya Corp denies Forest City casino talks   05:30 Homeritz’s 2Q earnings spike on stronger greenback

EVENING 5: Merger of airlines enough to reverse negative equity - Fernandes

A weekly round-up of tanker and dry bulk market (April 26, 2024)

Baltic Exchange shipping updates: April 26, 2024

The Inland Revenue Board (IRB) on Friday announced that the deadline for taxpayers to submit Form E and CP8D has been extended to May 31.

Deadline to submit Form E, CP8D extended to May 31, says IRB

Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.

Berjaya Corp denies participation in talks to revive Forest City casino resort

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.

Merger of airlines alone enough to reverse all of Capital A's negative equity, says Fernandes

Malayan Banking Bhd (Maybank) has obtained a summary judgement at the High Court here against ACE Credit (M) Sdn Bhd, ACE Corporation (M) Sdn Bhd, and the company directors Datuk Choong Chee Meng and Chang Ai Nee, for defaulting on a RM46.47 million loan given to them by the bank.

Maybank obtains summary judgement against ACE Corporation, three others for RM46m loan default

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.

Asia’s richest banker loses US$1.2 bil after RBI ban

KUALA LUMPUR (April 26): Gamuda Land, the property arm of Gamuda Bhd, has unveiled partners for Gardens Square, the latest commercial development at the 810-acre Gamuda Gardens in Sungai Buloh.

Gamuda Land announces retail partners for upcoming commercial development in Gamuda Gardens

The Employees Provident Fund (EPF) has emerged as the second largest shareholder of aero-engine components manufacturer Sam Engineering &amp; Equipment (M) Bhd, after Singapore's sovereign wealth fund Temasek Holdings Pte Ltd.

EPF emerges as second largest shareholder of Sam Engineering

Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.

Anwar wants action taken against Forest City casino licence news report

The country’s&nbsp;fifth-generation (5G) network&nbsp;adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.

Fahmi: 5G adoption rate almost 36%, coverage 80.3%, second network unveiling next week

Shares of AirAsia X Bhd (AAX) rose to a six-month high as investors cheered a restructuring plan that would make the company the largest low-cost carrier in Southeast Asia.

AirAsia X logs best day in six months on Capital A restructuring

YNH Property Bhd (YNH) issued a clarification to bondholders via Malaysian Trustee Bhd on the technical default of its Islamic notes, as well as the status of its mall sale and the appointment of a new auditor.

YNH says it has remedied 'technical default' involving sukuk programme

Nestle (Malaysia) Bhd is slated to raise prices for 22 of its products starting July 1, according to the Federation of Sundry Goods Merchants Associations of Malaysia (FSGMAM).

Nestle Malaysia to adjust prices of 22 products starting July 1

Gadang Holdings Bhd has secured a RM280 million contract to design and develop the Klang Valley Data Centre&nbsp;Block 2 in Cyberjaya from TM Technology Services Sdn Bhd, a business entity of Telekom Malaysia Bhd.

Gadang wins RM280 mil Klang Valley data centre jobs from TM Technology

MYAirline Sdn Bhd will continue to retain its nominated post holders as well as key personnel, while ensuring that its air operator’s certificate (AOC) documentation remains as current as possible.

MYAirline seeking multiple investors, to retain nominated post holders

The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

Pavilion Real Estate Investment Trust rose to its highest in more than a month&nbsp;after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals.

Pavilion REIT climbs over one-month high, analysts say earnings growth on track

The Malaysian Anti-Corruption Commission (MACC) has given businessmen Mirzan Mahathir and Tan Sri Mokhzani Mahathir a 30-day extension from Friday to declare their assets to the anti-graft body.

Mirzan and Mokhzani given 30-day extension to declare assets

D&amp;O Green Technologies Bhd, which mainly makes automotive light-emitting diodes (LEDs), is optimistic of at least 10% revenue growth this year and plans to build another facility in anticipation of “significant growth” over the next decade.

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