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Palm heads for biggest weekly fall since March on oversupply concerns JAKARTA: Malaysian palm oil futures fell for a fifth day on Friday and headed for their biggest weekly fall since March, as oversupply concerns and a stronger ringgit were compounded by signs that buyers could switch to competing oils.By the midday break the August palm oil contract on the Bursa Malaysia Derivatives exchange was down 1.5 percent to 2,257 ringgit ($603.31) a tonne. The contract is down 3.6 percent so far this week, heading for its biggest weekly decline since March 20."Prospects for some demand to be switched to soyoil has the market reluctant to move higher," said a trader with a local commodities brokerage in Kuala Lumpur."Until weather cuts production, supplies should remain burdensome unless 2015 output is significantly smaller than previous estimates."Traded volume was heavy at 25,592 lots of 25 tonnes each, more than double the more usual 12,500 lots.A rally that took palm prices to three month-highs ...

LME copper edges up on weaker dollar in subdued trade MELBOURNE: London copper edged up in light trade on Wednesday as the dollar weakened, but expectations of slowing demand in summer capped demand."There's still a bit of cloudiness around underlying Chinese demand, which is creating a bit of uncertainty in the market, with the strong seasonal period coming to an end," said analyst Daniel Hynes at ANZ in Sydney.Hynes expects third quarter demand to be stronger than the particularly weak first quarter. "I still expect ...
Wheat near 2-month top on worries over US crop yield SINGAPORE: Chicago wheat futures edged higher for a third session in a row on Wednesday, trading near a two-month high, amid forecasts of more rains in the southern US Plains that may hit yields of the winter wheat crop.Wheat has rallied 12 percent this month on concerns that torrential rains last month in Oklahoma and Texas, key producers of hard red winter wheat in the United States, would affect quality of the crop.Forecasts called for ...
Iron ore at highest since Feb as China port stocks drop further SINGAPORE: Iron ore held at its highest level in nearly four months as stocks of the steelmaking commodity at China's ports dropped for the eighth consecutive week, helping entrench a recovery in prices from this year's slump.Iron ore has risen 37 percent from a 10-year low of $46.70 a tonne reached in April as falling port inventory reflected firm demand among Chinese mills replenishing low stockpiles.Sucden Financial analyst Kash Kamal said the sustained decline in ...
Malaysia's end-May palm stocks rise 2.5pc KUALA LUMPUR: Malaysia's palm oil stocks at the end of May rose 2.5 percent to 2,244,524 tonnes against a revised 2,189,479 tonnes at the end of April, industry regulator Malaysian Palm Oil Board said on Wednesday.The rise was against a median forecast in a Reuters poll for inventories to ease 2.4 percent to 2.14 million tonnes, with exports of the tropical oil forecast to surge.Copyright Reuters, 2015 ...
Asian gold buyers retreat as prices trapped in tight range SINGAPORE: Expectations of a further drop in gold prices and better returns from surging equities in China have tamed demand for the precious metal in Asia despite recent price declines. Gold slid to its lowest since March on Friday but failed to draw strong buying interest in the world's two top buyers - equities-obsessed China and India, where concerns over a poor monsoon and lack of wedding demand are keeping purchases tight.Gold has struggled to ...
Copper firms above 6-week low on softer dollar, China stimulus bets SINGAPORE: London copper futures steadied off a six-week low on Tuesday as the dollar extended losses and on expectations of further easing measures in top consumer China.Three-month copper on the London Metal Exchange rose 0.4 percent to $5,969.50 a tonne by 0402 GMT, off Friday's low of $5,885 which was its weakest since April 23.The most-traded August copper contract on the Shanghai Futures Exchange gained 0.4 percent to 43,250 yuan ($6,957) a tonne.Data on Monday ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln