GEORGE TOWN (May 6): The implementation of the Perak-Penang water project will not only benefit the three northern states in the peninsula, but also guarantee the needs of 32,993 user accounts in the affected Seberang Prai Selatan (SPS) district in Penang.

Chow: Perak-Penang water project to benefit 32,993 Seberang Prai Selatan users, development centres

HANOI (May 6): Shanghai copper prices fell on Monday, tracking losses in London amid a firmer dollar and a lack of clear demand improvement from the troubled Chinese property market.

Shanghai copper falls on first trading session after holiday

Robusta coffee prices have climbed to the highest in 45 years, according to the International Coffee Organisation (ICO), as a supply crunch intensifies for the variety used in espresso blends and instant drinks.

Coffee variety priciest in 45 years in blow to instant brews

Cocoa prices dropped again, extending a week of extreme volatility as liquidity dries up and commercial buyers hold back from buying beans.

Cocoa slumps again as buyers hold back in troubled market

Global gold demand rose by 3% year-on-year to 1,238 metric tonnes in the first quarter of 2024, marking the strongest first quarter since 2016, due to active over-the-counter (OTC) trading, the World Gold Council (WGC) said on Tuesday.

Gold demand including OTC was at eight-year high in 1Q, WGC says 

As projections for all the copper needed in the clean-energy transition help send prices of the wiring metal to two-year highs, a new report highlights the risks to future metal supplies from climate change.

Half of all copper mining at drought risk with climate change

Copper’s surge to US$10,000 (RM46,650) a tonne just days after the bombshell news that BHP Group is trying to buy Anglo American plc is highlighting a core disconnect at the heart of the industry: miners just aren’t building enough mines.

BHP mega bid and US$10,000 copper expose mining’s biggest problem

BEIJING (April 29): Copper prices moved higher on Monday, driven by dwindling raw material supply and investors' focus on a potential BHP Group-Anglo American deal that would make the world's largest copper miner.

Copper trends higher on tight supply; BHP-Anglo American deal in focus

Chicago wheat futures fell on Monday but remained near four-month highs after concerns that adverse weather conditions in Russia, Europe and the US could reduce supply pushed prices up around 10% last week.

Wheat slips from four-month high as adverse weather threatens supply

GDANSK/BRUSSELS (April 26): The boss of Spanish steelmaker Acerinox says the European Union (EU) should do more to curb steel imports from Asia, which are hurting some of the EU's mills, as demand and prices weaken.

EU should do more to curb steel imports from Asia, says Acerinox CEO

Copper hit US$10,000 (RM47,762) a tonne for the first time in two years as speculation builds that the world’s mines will struggle to meet a coming wave of demand from green industries.

Copper hits US$10,000 a tonne as bulls predict mines will not be able to cope with demand

Coffee prices are expected to extend their meteoric surge with the hoarding of beans and poor weather set to exacerbate a supply crunch in Vietnam, the world’s biggest producer of the robusta variety.

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives hit a two-month low on Thursday, due to weaker soybean oil futures on the Chicago Board of Trade (CBOT), said a dealer.

Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market sentiment was also weighed down by the Dalian Commodity Exchange’s refined, bleached, and deodorised palm olein during Asian trading hours.

CPO futures hit two-month low at the close, in line with weaker rival oils

Cocoa resumed gains in New York, with prices the most volatile in almost five decades amid uncertainty over a historic crunch and as traders pull out of the market.

Cocoa price swings are the craziest since the 1970s

Police have recorded the statement of a journalist from an English-language portal to assist investigations regarding the publication of an article alleging talks of a casino licence to revive the Forest City property project in Johor.

IGP: Journalist quizzed over Forest City casino report, more to follow

Malaysia’s central bank is unlikely to follow its counterparts in Indonesia and Philippines in raising interest rates when its monetary policy committee meets this week, HSBC said.

Malaysia unlikely to follow in Indonesia's, Philippines' rate hike footsteps — HSBC

Domestic travellers spent 166.9 billion yuan (RM109.7 billion) during one of China's longest breaks, the May Day holiday, a rise of 13.5% from pre-pandemic levels, government data showed on Monday, but expenditure per head lagged 2019 rates.

China May Day holiday spending shows mixed picture on post-Covid recovery

Gamuda Land, the property arm of Gamuda Bhd, welcomed new tenants to its Quayside Mall and an international school to its Quayside Tower, through a memorandum of understanding (MOU) signing ceremony on April 25, according to a press statement on Monday.

Gamuda Land’s Quayside Mall in Kota Kemuning welcomes new tenants; Quayside Tower gets an international school 

KUALA LUMPUR (May 6): Prime Minister Datuk Seri Anwar Ibrahim called for a global unified response on Monday, as the world confronts an increasingly fragmented global landscape that threatens collective security and prosperity.

Anwar calls for unified response as world confronts fragmented global landscape

Riyadh Air plans to expand its fleet with additional aircraft orders following its initial purchase of Boeing Co long-range jets last year, as the startup Saudi carrier seeks to establish itself alongside regional incumbents like Emirates and Qatar Airways.

Riyadh Air teases follow-up aircraft orders ahead of 2025 debut

THE long-awaited sale of Sapura Energy Bhd’s remaining 50% stake in its exploration and production (E&P) unit — SapuraOMV Upstream Sdn Bhd — has finally come to pass. However, its largest shareholder, Permodalan Nasional Bhd (PNB), cannot breathe a sigh of relief yet.

Last week, the...

Sale of crown jewel alone won’t revive Sapura Energy

The Court of Appeal (COA), in reinstating four graft charges against former prime minister Tan Sri Muhyiddin Yassin, has ruled that the charges met all the ingredients of an offence under stipulated laws, and were not ambiguous.

COA rules Muhyiddin’s four charges clear enough, unambiguous 

One of China’s most-watched developers has told some investors that it readied cash for an upcoming yuan bond payment, a move that may boost a firm that’s faced concern about its liquidity amid a broader property debt crisis.

China Vanke says it has the money to pay upcoming bonds due

STOCKHOLM (May 6): Swedish real estate group SBB reported on Monday a first-quarter pretax loss that was smaller than a year ago but said it needed to improve its liquidity and lower its loan-to-value ratio.

Sweden’s SBB says financing outlook improving as loss shrinks

BMI, a Fitch Solutions company, said Malaysia's deepwater explorations are expected to accelerate as more investments are directed towards under-explored areas.

BMI: Deepwater exploration in Malaysia gathers momentum

The FBM KLCI’s uptrend has been relentless since mid-April as accumulation on blue chips&nbsp;by both local institutions and foreign funds continues, according to Rakuten Trade.

Banks, construction to be in focus as FBM KLCI could test 1,600 soon, says Rakuten Trade 

Fraser &amp; Neave Holdings Bhd (F&amp;N) shares surged to their highest in five years on Monday, as better-than-expected results buoyed investors' optimism, while analysts maintained their calls following a briefing.

F&N surges to five-year high on better earnings, outlook

Maybank Investment Bank (Maybank IB) on Monday began coverage of SAM Engineering &amp; Equipment (M) Bhd with a counter-consensus ‘buy’ call, betting on the cyclical recovery of aerospace and semiconductor sectors.

Maybank IB joins coverage of SAM Engineering with counter-consensus ‘buy’ call

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

In an alert last Thursday, the commission said the following persons/entities were added to the list:

SC adds six entities to Investor Alert List, four being potential clones

Foreign buying of Malaysian equities surged 3.6 times to RM1.06 billion last week from RM292.2 million the prior week, as they net bought every day of the week.

Foreign buying of local equities surged to RM1.06b last week, says MIDF

Prime Minister Datuk Seri Anwar Ibrahim will be having an online meeting with tech giant Google on Monday.

Without disclosing more details on the issues to be discussed, he said Malaysia has continued to receive interests from foreign investors.

Anwar scheduled to have online meeting with Google on Monday

Phillip Capital has initiated coverage on T7 Global Bhd with a “buy” rating at 53 sen and a target price of 68 sen.

Phillip Capital starts coverage on T7 Global, target price 68 sen 

Proton Holdings Bhd reported on Monday its car sales rose by 17.1% to 11,025 vehicles in April (including domestic and exports) compared to the 9,415 units sold last year.&nbsp;

Proton records sales of 11,025 units in April, higher by 17.1% y-o-y

KUALA LUMPUR (May 6): Defence Services Asia (DSA) 2024 and National Security Exhibition (Natsec) Asia 2024 are able help the country gauge whether its&nbsp;defence assets are in line with the latest technological advances.

Asia defence services and security exhibition a medium to evaluate national assets in line with current tech — minister

LONDON (May 6): High Chinese tariffs on EU brandy would leave French companies with vast amounts of cognac that could be hard to sell elsewhere, according to Reuters' calculations, analysts, and investors who fear firms could be forced to discount.

China opened an anti-dumping investiga...

Chinese tariffs could leave cognac makers with too much brandy

Robusta coffee prices have climbed to the highest in 45 years, according to the International Coffee Organisation (ICO), as a supply crunch intensifies for the variety used in espresso blends and instant drinks.

The Attorney General's Chambers (AGC) will be objecting to Muar Member of Parliament Syed Saddiq's leave application to take legal action against Prime Minister Datuk Seri Anwar Ibrahim and the government over RM730,300 in allocations meant for his constituency.

AGC to object to Syed Saddiq's leave application over unpaid allocations

Asian stocks rose to their highest in over a year on Monday on renewed bets that the Federal Reserve (Fed) would most likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.

Asia shares rally on China's gains, Fed cut bets; yen weakens

President Xi Jinping has arrived in France to begin talks aimed at stabilising China’s relationship with Europe, as he tries to perform damage limitation on trade ties with the key bloc.

Xi begins Europe tour in Paris as Macron seeks to reset ties

Billionaire investor Warren Buffett said there are “load of opportunities” in India, but he’s leaving them to future management.

Buffett says India holds ‘unexplored’ opportunities for future Berkshire leaders

Analysts have raised their earnings forecasts and target prices (TPs) for plastic packaging maker SLP Resources Bhd, after the group's latest financial results beat their expectations due to improved product mix and higher output.

Analysts raise SLP Resources earnings forecasts, TPs after strong 1Q performance

The Road Transport Department (JPJ) said that the insurance comparison platform BJAK has not received approval to offer road tax renewal services.

BJAK not authorised for road tax renewal services, says JPJ

theedgemalaysia.com highlighted one stock with positive momentum and five stocks with negative momentum at Bursa Malaysia's afternoon close on Monday. &nbsp;

Inta, SNS, Harbour, Marco, Fiamma, SAM 

NCT Group of Companies has signed memorandums of understanding (MOUs) with SMARTSEL Sdn Bhd and Mikro Sdn Bhd to scale up the capabilities of the NCT Smart Industrial Park (NSIP), while introducing advanced sustainability practices geared to positively impact its carbon footprint.

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