<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 24): Hextar Global Bhd has inked a distributor agreement with Sumitomo Chemical Vietnam Co Ltd (SCV) for the latter to exclusively distribute Hextar’s Hallmark 150 SL herbicide in Vietnam.</p></div>

<div class=newsTextDataWrapInner><p>In a filing, the company said that the product is a herbicide that is used in the controlling of weeds in rubber plantations.</p></div>

<div class=newsTextDataWrapInner><p>It said the contract is for five years effective Oct 24, 2019, with an optional extension for another one year, with an estimated value of RM15 million over the period.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Sumitomo Chemical Asia Pte Ltd, based in Singapore, has been our long-term regional strategic partner and we have been mutually working closely together to distribute each party brand products bilaterally while exploring possibilities to support formulation and manufacturing of agrochemicals.</p></div>

<div class=newsTextDataWrapInner><p>“It would be a great pleasure for SCV to distribute Hextar’s product in Vietnam and certainly Hextar has established itself as a well-known regional player in the agrochemical industry,” said Hextar executive director Datuk Eddie Ong Choo Meng.</p></div>

<div class=newsTextDataWrapInner><p>SCV is a subsidiary of Sumitomo Chemical Asia, which in turn is a unit of Japan-based Sumitomo Chemical Co Ltd, a leading chemical company.</p></div>

<div class=newsTextDataWrapInner><p>Hextar fell 2.5 sen or 3.6% to 67 sen, giving it a market capitalisation of RM549.86 million.</p></div>


Hextar Global Bhd has inked a distributor agreement with Sumitomo Chemical Vietnam Co Ltd (SCV) for the latter to exclusively distribute Hextar’s Hallmark 150 SL herbicide in Vietnam.

In a filing, the company said that the product is a herbicide that is used in the controlling of weeds in rubber plantations

Hextar signs five-year agreement for distribution of its herbicide in Vietnam

Invest Selangor Bhd is eyeing up to RM7 billion in potential transaction value from the Selangor International Business Summit (SIBS) this year.

Invest Selangor eyes RM7b transaction value from SIBS 2024

It is the polling day for the Kuala Kubu Baharu (KKB) by-election, yet voter turnout remains low, with only approximately 18.05% of eligible voters having cast their ballots as of 10am on Saturday, as reported by the Election Commission.

Kuala Kubu Baharu by-election: 18.05% voter turnout as of 10am

RHB Bank Bhd (KL:RHBBANK) had gone through a challenging year in 2023, as the banking industry was busy defending narrowing net interest margins amid high funding costs as lenders competed fiercely for deposits.

RHB pushes hard for desired growth

It will be an eventful week for economic observers both locally and globally, as Bank Negara Malaysia is set to announce growth figures in the first quarter of 2024 (1Q2024) on May 17, while the US Bureau of Labour Statistics will release the consumer price index (CPI) for April on May 15.

The Week Ahead: Malaysia’s 1Q GDP, US CPI data in focus

Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of tariffs expected to be announced by the US.

Soyoil jumps on bets US tariffs to include Chinese cooking oil

No major app developers have signed up to use outside payment options that Apple Inc introduced earlier this year for its App Store because the fees they pay would be at least as high as they were before, according to testimony presented to a federal judge.

Apple says no major app developers accept new outside payments

A total of 18 polling centres with 74 voting streams for the Kuala Kubu Baharu state by-election opened simultaneously at 8am on Saturday.

Eighteen polling centres open at 8am for Kuala Kubu Baharu by-election

A rally in global equity markets lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing US economic growth.

Global stocks rally, Europe at record highs, dollar gains

Prime Minister Datuk Seri Anwar Ibrahim has urged Sime Darby Plantation Bhd (KL:SIMEPLT) to be a supporter and pioneer of the government's efforts to reduce dependency on foreign labour in the plantation sector.

PM urges Sime Darby Plantation to pioneer less reliance on foreign labour

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

Awantec, InNature, Paramount, Eco World International, Mi Technovation, MAA, KNM, Pharmaniaga, Jiankun, Nova MSC, Sarawak Cable

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


<p>Prime Minister Datuk Seri Anwar Ibrahim has urged Sime Darby Plantation Bhd (KL:SIMEPLT) to be a supporter and pioneer of the government's efforts to reduce dependency on foreign labour in the plantation sector.</p>


<p>A rally in&nbsp;global&nbsp;equity&nbsp;markets&nbsp;lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing US&nbsp;economic growth.</p>


<p>It will be an eventful week for economic observers both locally and globally, as Bank Negara Malaysia is set to announce growth figures in the first quarter of 2024 (1Q2024) on May 17, while the US Bureau of Labour Statistics will release the consumer price index (CPI) for April on May 15.</p>


<p>RHB Bank Bhd (KL:RHBBANK) had gone through a challenging year in 2023, as the banking industry was busy defending narrowing net interest margins amid high funding costs as lenders competed fiercely for deposits.</p>


<p>A total of&nbsp;18 polling centres with 74 voting streams for the Kuala Kubu Baharu&nbsp;state by-election opened simultaneously at&nbsp;8am on Saturday.</p>


<p>No major app developers have signed up to use outside payment options that Apple Inc&nbsp;introduced earlier this year for its App Store because the fees they pay would be at least as high as they were before, according to testimony presented to a federal judge.</p>


<p>Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of&nbsp;tariffs&nbsp;expected to be announced by the US.</p>


<p>It is the polling day for the Kuala Kubu Baharu (KKB) by-election, yet voter turnout remains low, with only approximately 18.05% of eligible voters having cast their ballots as of 10am on Saturday, as reported by the Election Commission.</p>


<p>Invest Selangor Bhd is eyeing up to RM7 billion in potential transaction value from the Selangor International Business Summit (SIBS) this year.</p>
