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Copper to exit Malaysia as traders race to beat tax hike MELBOURNE: Nearly half of the London Metal Exchange's Asian copper stocks are set to exit Malaysian warehouses, after the exchange could not confirm with the government that a new tax would not be levied on bonded metals trade from next month.The move is the first sign that traders are racing to shift metal out of the country, which is the top storage location for LME inventories in Asia, ahead of a 6 percent goods and services tax that is to be implemented from April 1.Almost 50,000 tonnes of copper was cancelled across the Malaysian ports of Johor and Klang, representing three quarters of Malaysia's copper stock, 40 percent of the LME's Asian inventories, and about 15 of its total stock, latest data showed."On the cancellations, they're all running from the taxes," said a trader at a bank in Singapore.The LME said on Monday it might stop issuing warrants for metal ...

Japan buys 98,257 tonnes food wheat via tender TOKYO: Japan's Ministry of Agriculture bought 98,257 tonnes of food quality wheat from the United States and Canada in a regular tender that closed late on Thursday.Japan, the world's sixth-biggest wheat importer, keeps a tight grip on imports of the country's second most important staple after rice and buys the majority of the grain for milling via tenders typically issued three times a month.Copyright Reuters, 2015 ...
Asia Coffee-Trade slow, eyes on Vietnam's dry weather HANOI: Premiums of Vietnamese coffee to London futures widened this week, leaving buyers' bids far below export quotations, while thin supply in Indonesia kept trading scant, traders said on Thursday.ICE May robusta closed up 2.3 percent at $1,819 a tonne on Wednesday, but was still $1 lower than a week earlier. The weakened robusta futures in recent weeks have boosted export quotations in Vietnam, the world's top producer of the bitter bean, traders said."There's been ...
China buys 450,000 tonnes high-protein wheat, more imports expected HAMBURG/BEIJING: Chinese buyers purchased around 450,000 tonnes of high protein wheat over the last few days, with more imports expected due to a domestic shortage of high quality grades, traders and industry sources said.China bought around 300,000 tonnes of high protein milling wheat from Canada and about 150,000 tonnes from Australia, with shipment from May 2015, according to traders in Europe.That follows the purcahase last week of 115,000 tonnes of US hard red spring wheat."There ...
TOCOM edges lower on falling oil prices, weaker Shanghai TOKYO: Benchmark Tokyo rubber futures edged lower on Wednesday as renewed falls in oil prices and weaker Shanghai rubber futures outweighed declining rubber inventories at Japanese ports, dealers said.The Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery settled 0.5 yen, or 0.2 percent, lower at 211.5 yen ($2) per kg."The market was pressured by slumping oil prices and a drop in Shanghai market in early trade," said Jiong Gu, analyst at Yutaka Shoji Co."But ...
Indonesia palm exports hit 5-month low, to recover as China buys JAKARTA/KUALA LUMPUR: Indonesian palm oil exports dropped to a five-month low in February, data from an industry body showed, but shipments are expected to pick up soon as key buyer China replenishes its depleting stockpiles of the tropical oil.Higher imports by China, the world's No.2 edible oil buyer after India, will support benchmark palm prices that have shed more than 3 percent this year on weak demand and are now near a seven-week low of ...
Palm oil bounces from near seven-week low KUALA LUMPUR: Malaysian palm oil futures rallied from a near seven-week low on Wednesday in a technical correction to end higher, though traders said weaker crude oil and soy prices would cap gains.The benchmark June contract on the Bursa Malaysia Derivatives Exchange rallied in late trade to close 2.5 percent higher at 2,193 ringgit ($592) a tonne, after dipping to 2,128.Market players said the correction was timely as prices have dropped 11 percent from a ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln