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Palm oil to rebound more to 2,545 ringgit SINGAPORE: Palm oil may gain further to 2,545 ringgit per tonne as its rebound from the May 21 low of 2,492 ringgit may extend. The rebound may consist of three waves labelled a, b, c. The wave a and the wave b seem to have completed and the wave c has just started. A Fibonacci retracement on the fall from the May 15 high of 2,630 ringgit to the May 21 low of 2,492 ringgit reveals a target at 2,545 ringgit, the 38.2 percent level. Only a drop below 2,492 ringgit could confirm the continuation of the preceding downtrend towards 2,460 ringgit. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice.Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. Copyright Reuters, 2014 ...

Malaysia's May 1-25 palm oil exports seen up 14.1pc KUALA LUMPUR: Exports of Malaysian palm oil products during May 1-25 were seen to have risen 14.1 percent to 1,093,703 tonnes from 958,815 tonnes shipped during April 1-25, cargo surveyor Intertek Testing Services said on Monday. Copyright Reuters, 2014 ...
Gold steady below $1,300 as Ukraine elections eyed SINGAPORE: Gold continued to struggle below $1,300 an ounce on Monday after ending flat for two straight weeks, but the metal could gain from developments in Ukraine where pro-West billionaire Petro Poroshenko notched an emphatic win in the presidential election.Poroshenko, a billionaire chocolate manufacturer, claimed the Ukrainian presidency on Sunday, taking on a fraught mission to quell pro-Russian rebels and steer his fragile nation closer to the West.It remains unclear how the tycoon can square ...
China steel, iron ore futures hit 1-week-high but caution stays SINGAPORE: Chinese steel and iron ore futures rose to one-week highs on Monday as battered prices regained some ground, although the outlook for demand remained shaky.Both rebar in Shanghai and iron ore in Dalian fell to record lows last week as supply of the two commodities outpaced demand in top consumer China where the economy is expanding at a slower pace as the government pushes reforms aimed at more sustainable growth.The most-active rebar for October ...
Palm logs biggest weekly drop in 3 weeks on ringgit woes KUALA LUMPUR: Malaysian palm oil futures edged down on Friday, falling for five out of six sessions as a stronger ringgit dampened buying interest from overseas investors and refiners.Anticipation of firm export demand, however, curbed losses and kept prices locked in a tight trading range of 2,509-2,537 ringgit.The benchmark August contract on the Bursa Malaysia Derivatives Exchange lost 0.3 percent to close at 2,515 ringgit ($783) per tonne on Friday. Weekly prices dropped 2.5 percent, ...
Wheat, corn steady near lows, soybeans stay firm PARIS/SINGAPORE: US wheat and corn edged higher on Friday but held close to two-month lows struck this week as improving weather for US crops kept attention on ample global supply of the grains.Soybeans futures also rose to keep old-crop prices near contract highs on concerns that sustained demand could further shrink tight US supplies. Chicago Board Of Trade July wheat was up 0.5 percent to $6.62-3/4 a bushel at 1202 GMT. The contract was still ...
Soybeans hit contract highs on tight supply PARIS/SINGAPORE: U.S. soybeans rallied for a second straight session on Thursday, with old-crop futures hitting contract highs, as a better-than-expected economic indicator in top importer China added to impetus from tight short-term supply in the United States.Corn edged up, but the market held close to an 11-week low on expectations that favourable weather in the U.S. Midwest would help farmers to wind up planting of this year's crop.Wheat also ticked higher as it held a ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln