18Jul
Bursa Malaysia

Securities Commission, Bursa Malaysia push for Responsible Investment

The Securities Commission Malaysia (SC) and Bursa Malaysia together facilitated the Responsible Investment Forum here today.

The occasion was sorted out by the United Nations’ (UN) upheld association – the Principles for Responsible Investment (PRI) gathering.

Every one of the three gatherings – SC, Bursa, and PRI – see this occasion as key to the activities to produce more prominent mindfulness on dependable contributing.

The discussion pulled in more than 200 participants, and offers significant data by partners including capital market controllers to additionally help in better understanding ESG issues.

Malaysia is all around known as the chief Islamic back market, and is at present leading the pack in advancing maintainable and capable contributing (SRI) suggestion in light of its common esteems with Islamic fund.

SC overseeing executive Zainal Izlan Zainal Abidin said the expanding mindfulness and interest for feasible and capable contributing all around is making huge open doors for advance Islamic back development.

“There is a shared trait in the standards and estimations of both (SRI and Islamic back) portions” he added.Zainal, who is the MD of Development and Islamic Markets of the SC likewise added that SC keeps on encouraging advancement of items and administrations that meet the necessities of both SRI and Islamic fund to guarantee the capital market serves the requirements of financial specialists and guarantors (alike)”.

As indicated by the SC, worldwide SRI resources have increment 25 percent over the two years from 2014 to 2016. This makes SRI resources between the two time frame totaling to US$ 22.9 trillion.

The Global Sustainable Investment Review 2016 detailed that Malaysia with 30% offer in Asia, barring that of Japan, frames the biggest SRI showcase in the locale. This is to a great extent since Malaysia perceives Shariah-consistent finances as a feature of the SRI universe.

Taking Islamic fund is a subset of SRI is a specialized definition utilized by the SC. And keeping in mind that this specialized definition has pulled in a few reactions from the market, these faultfinders have not yet possessed the capacity to shape solid contentions against Islamic back as being as a subset of SRI.

The Islamic capital market has been under flame recently following the absence of clearness in ward in controlling global Islamic fund papers, especially that of Islamic obligation papers. The Dana Gas sukuk non-shariah consistent paper has thrown a harming light into the absence of purview in the market in managing Islamic sukuk internationally.Malaysia however is the special case to this issue, since Malaysia exhibits a greatly clear locale on directing the Islamic money related market.

Along these lines, it exhibits an open door for universal financial specialists to see Malaysia as the chief spot to don’t simply Islamic back dealings, additionally SRI speculations also.

As per Hasif Murad, Investment Manager at Aberdeen Islamic Asset Management, “Malaysia is not a dollar security head advertise, but rather it is as yet an alluring sukuk showcase for the ringgit business since Malaysia gives an unmistakable locale attempted and tried court cases to test the purview and lawfulness of any Islamic papers”.

“Due to the legitimate lucidity, Malaysia may introduce itself as an intriguing dollar sukuk showcase later on” he included.

Malaysia has spearheaded the advancement of the Shariah-consistent SRI fragment through the SRI Sukuk system by the SC in 2014. From that point forward, the SC has been consistently growing more SRI speculation stores and these activities shape some portion of SC’s formative plan under the administration of the SC Chairman, Tan Sri Ranjit Singh.

 

Bursa Malaysia

Bursa Malaysia

On the whole, the SRI motivation has likewise been championed by Bursa Malaysia to initiate the value capital markets specifically. Bursa has propelled the FTSE4Good Bursa Malaysia Index in December 2014.

The FTSE4Good file is gone for exhibiting key organizations with solid Environmental, Social and Governance (ESG) hones.

Those organizations with solid ESG practices could conceivably have a more prominent perceivability among speculators that are keen on the SRI space.

As indicated by Bursa Malaysia, through an announcement together issued with SC today, the universally benchmarked FTSE4Good record was the primary ESG file propelled in Asia and has developed to contain 43 organizations now, from the underlying 24 constituents when it was first propelled in 2014.

Bursa Malaysia Chief Executive Officer, Datuk Seri Tajuddin Atan said at the discussion “Bursa Malaysia trusts that there is a solid incentive for organizations to receive manageability in a significant way”.

He additionally says that “Bursa Malaysia sets a win-win circumstance for key players over the esteem chain for our recorded guarantors and financial specialists”.

Additionally talking at the discussion is PRI Board Chairperson, Martin Skancke. He says that “with enthusiasm for the ESG developing quickly, (this gathering) gives a chance to financial specialists to construct their insight and consciousness of capable venture and empowers them to investigate drivers, patterns and practices”.

“PRI’s center mission is to advance dependable contributing and empower more far reaching ESG coordination” he included.

The United Nation’s supported body – PRI – works with worldwide system of signatories to incorporate the six Principles for Responsible Investment. These Principles are a deliberate and optimistic arrangement of venture rule that offer a menu of conceivable activities for fusing ESG issues into speculation rehearse.

18Jul

Sunac China Holdings Ltd tumbled as much as 13.5 percent on Tuesday

Offers of Chinese property engineer Sunac China Holdings Ltd tumbled as much as 13.5 percent on Tuesday after a neighborhood media report said banks were taking a gander at the organization’s credit hazards after a noteworthy manage equal Dalian Wanda Group.

Sunac declared an arrangement a week ago to purchase tourism undertakings and lodgings in the nation from Dalian Wanda in a $9.3 billion give, one of China’s biggest property bargains. A vast piece of the arrangement would be subsidized by new obligation.

 

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The offer value drop came after Chinese controllers advised banks to quit giving assets to a few of Dalian Wanda’s abroad arrangements as Beijing hopes to check the gathering’s seaward purchasing binge, sources told Reuters on Monday.

The offers had increased some ground by mid-evening exchanging and shut down 7.3 percent to HK$15.94, in line for their greatest one-day rate decrease since January.

Sunac’s bonds due 2019 fell 6 focuses to around 99 pennies on the dollar.

A report by Chinese distribution Jiemian.com, refering to anonymous sources, said prior on Tuesday that a few banks were evaluating dangers related with stretching out credit to Sunac, and ending a few advances reached out to the designer.

18Jul

Palm oil is no more crude now

There are plans to get rid of the expression “Crude” to depict palm oil and the prized ware will rather be advanced as a Malaysian chief brand, said Datuk Seri Mah Siew Keong.

Crude-Palm-Oil

The Plantation Industries and Commodities Minister said the word was not an adept portrayal of the country’s biggest net fare product.

“There is no motivation behind why it must be called unrefined palm oil.

“The Malaysian Palm Oil Board will allude to the ware as Malaysian palm oil in future,” he said when propelling the thirteenth National Incorporated Society of Planters (ISP) Seminar yesterday.

While recognizing that palm oil might be confronting outlandish assaults from a few quarters, especially from the European Union, he noticed that the item held immense potential and has produced billions of ringgit for the country.

“Figures don’t lie and the palm oil industry is doing great. Palm oil trades have expanded by almost 31% amongst January and May this year, contrasted with a similar period a year ago,” he said.

He said the aggregate ware sends out, which incorporate palm oil, elastic, cocoa and pepper, expanded by 27% for a similar period and is required to achieve RM130bil this year.

Mah said he will be driving a two-day monetary and advancement mission to the Philippines today to advance the fare of palm oil and elastic items to the Asean country.

He said Malaysia traded RM2.46bil worth of palm oil, elastic and related items to the Philippines a year ago, while sends out totalled RM1.983bil for the initial five months of this current year.

Mah said utilized palm oil part can be transformed into creature sustain and enable the poultry business to lessen the import of corn, costing some RM2bil a year.

ISP has somewhere in the range of 17,235 enrolled individuals and its distribution is flowed in 45 nations.

12Jul

Malaysia’s oil and gas industry is headed straight toward recuperation

There is idealism that the country’s oil and gas industry is headed straight toward recuperation, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

“If 2016 was the ‘year of tough decisions’ for the oil and gas industry, then 2017 could well be the year for the road to recovery,” he said when launching the 16th Oil and Gas Asia 2017 Exhibition.

 

Oil_Gas

 

He refered to the cases of the Organization of Petroleum Exporting Countries’ market gauge and late overview by Reuters that Brent unrefined petroleum could normal US$58.20 (RM250.12) per barrel this year as cases of positive signs for the business.

He included that Petronas had taken measures to diminish capital venture by 22% while cutting “controllable expenses” by 8% a year ago.

Ahmad Zahid said he likewise stayed certain that Malaysia’s oil, gas and vitality (OGE) area would accomplish 5% yearly development focus until year 2020.


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11Jul

Palm oil stocks decrease to 1.53 million tons

Crude-Palm-Oil-Production-Indonesian-Oil-Palm-Estates-Indonesia-Investments-CPO-Palm-Kernel

Malaysia’s aggregate palm oil stocks in June 2017 declined 1.93% to 1.53 million tons from the 1.56 million tons recorded in May.

Crude palm oil (CPO) stocks, be that as it may, ascended by 1.23% to 798,387 tons amid the month in survey from the 788,702 tons enrolled a month before.

Loads of handled palm oil declined 5.16% to 728,656 tons from 768,334 tons, the Malaysian Palm Oil Board (MPOB) said in an announcement yesterday.

On creation, the MPOB said CPO yield fell 8.48% to 1.51 million tons in June from the 1.65 million tons recorded in the earlier month.

Palm bit yield slipped 8.5% to 370,806 tons in June versus May’s generation of 405,274 tons.

The board said palm oil trades diminished 8.39% to 1.40 million tons in June from 1.51 million tons in the earlier month.

Fare of oleochemicals climbed 10.24% to 211,479 tons from 191,831 tons in May.

Palm bit oil sends out fell 16.27% to 68,219 tons in June from the 81,478 tons recorded in the earlier month, while palm piece cake facilitated 1.08% to 156,974 tons from 158,974 tons.

8Jul

Gold futures head for fifth weekly loss

Gold futures posted their fifth straight week after week misfortune and silver prospects drooped to the most reduced in 17 months in substantial exchanging. An expansion in Treasury security yields, combined with concern additionally picks up might be in store, weights non-enthusiasm bearing resources. A superior than-anticipated U.S. payrolls report likewise marked valuable metals.

GOLD

Gold futures for August conveyance fell 1.1 percent to settle at $1,209.70 an ounce at 1:40 p.m. on the Comex in New York. The metal has lost 2.6 percent this week in the longest week by week droop since December.

Silver futures dove as much as 10 percent to $14.34 an ounce, the most minimal since February 2016. More than 5,000 silver prospects contracts were exchanged a solitary moment on the Comex in New York at soon after 12 pm London time. The spike in volumes brought to mind a comparable increment in gold exchanging a week ago.

The expansion in unpredictability set off the alleged “speed rationale,” a defend set up by CME Group, stopping the silver fates showcase for 10 seconds, to enable liquidity to return into the market, representative Chris Grams wrote in an email.

Following quite a while of largesse, national banks are moving in a state of harmony to fix arrangement, boosting yields, checking liquidity, and harming a few resources including valuable metals.

“Higher security yields mean a higher open door taken a toll for holding gold,” John Sharma, a financial expert at National Australia Bank Ltd., said by email. “The auction in securities prompted a spike in government security yields, as merchants are valuing in a conclusion to simple liquidity.”

Gold prospects at first pared misfortunes after the U.S. payrolls report, which demonstrated U.S. employing grabbed in June while wage increases baffled once more. The enlisting pick up and slower wage development introduces a baffling blend for arrangement creators.

“Generally, gold is exchanging on the beat of the non-cultivate number and it’s simply making individuals feel that the Fed will keep on being hawkish,” Ryan McKay, a product strategist at TD Securities in Toronto, said in a telephone meet.

Following two rate rises this year, Federal Reserve strategy producers are investigating information to see whether additionally climbs are justified. Minutes from the European Central Bank’s most recent meeting demonstrated authorities leaving the entryway open to evacuating a promise to purchase securities.

8Jul

Malaysian palm oil futures fell on 6 June 2017

Malaysian palm oil futures fell on Friday, finishing a four-day winning streak, as soyoil’s frail execution on the Chicago Board of Trade (CBOT) weighed. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange shut down 0.3 percent at 2,554 ringgit ($594) a tonne. It had before ascended to 2,575 ringgit, its most astounding since May 26.

 

oil jacks 18row

Palm oil’s additions over the past four days were provoked by gauges of falling generation in front of industry controller information discharge on July 10. The market increased 3.9 percent on the week. A Reuters survey had gauge creation to tumble to 1.62 million tons in June, down 2.1 percent from the earlier month.

In any case, end stocks are seen up 0.2 percent to 1.56 million tons, while exports are probably going to jump 8.2 percent to 1.38 million tons on-month.

29Jun
Forex Blog, USD Vs EURO Price

Weak Dollar or Strong Euro, Pound and Canadian Dollar?

Arguments:

  • The Dollar has amplified its decay this week, yet the basics now and these previous months haven’t floundered
  • While the US essentials may not be altogether debilitating, its partners’ have seen noteworthy change
  • Where development and legislative issues go into the condition, the genuine bane for the Dollar is a re-balancing in money related strategy

All pontoons run on solid land when the tide takes off. In the business sectors, the execution of any individual resource or segment is directed by the encompassing conditions. That can mean liquidity and instability that advances go as opposed to winning pattern – which has by and large been the situation for quite a while. Nonetheless, that can likewise show in relative impact. We much of the time see the effect that a solid Dollar can have on capital markets from Gold to values to settled salary when the Greenback has been charged by fiscal strategy or different components. There is a considerably more particular and thorough relative esteem assessment to be found in the cash showcase. Here, once more, the US money figures unmistakably as the most fluid fiat and most vigorously utilized hold. Be that as it may, it isn’t generally the greatest player muscling its littlest companions.

While the Dollar can correct a more prominent level of impact when under power, similar to any market, it experiences periods where it is basically left to float – just like the case right now. In such conditions, an outrageous move in a solitary real partner or a more direct aggregate move for a range companions can use a response from the benchmark. That was the situation Dollar this past session. While the DXY Dollar Index dove towards a basic, specialized help; the inspiration was particularly missing from the US newswires. There are positively subjects unfurling off camera at a deliberate pace; however that barely legitimizes the force of the current week’s tumble. Solid – and in a general sense spurred – arouses for the Euro, Pound and Canadian Dollar offered enough aggregate weight to subvert their biggest partner.

 

Strategy-Video-Is-This-a-Weak-Dollar-or-Strong-Euro-Pound-and-Canadian-Dollar_body_Strat1
From the Euro, brokers seized on generally start talk from the ECB President to extrapolate free desires for an inversion in the national bank’s forceful boost exertion. While the gathering attempted to squash that hypothesis, the understanding by and by stuck. In the interim, Governors from both the Bank of England and the Bank of Canada offered less uncertain explanations of eagerness to seek after climbs should financial conditions bolster the choice. Independently, the moves produced through EUR/USD, GBP/USD and USD/CAD would not have converted into a significant move for the Dollar. However, on the whole, these three monetary forms speak to more than 90 percent of the trade with the Greenback. That is all that anyone could need to move the needle. Perceiving the aberrant inspiration for the current enormous move, the following inquiry that normally takes after is: would this be able to tumble maintain itself. On the off chance that the move to this point required this level of expansiveness and profundity, it would be troublesome keep every one of the elements in arrangement. That is particularly valid in current economic situations were to remain solidly in nonpartisan.

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29Jun

Weak oil prices, OPEC still earn more dollars

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In spite of weak oil prices, OPEC still earn more dollars. With world oil inventories swelling regardless of a worldwide agreement on cutting yield and unrefined prices falling by a fifth in the previous month, OPEC seems, by all accounts, to be losing its fight to adjust the market.

Be that as it may, there is one urgent battle the oil-sending out gathering has been winning up until this point: its individuals have earned more cash this year than last and the possibility of higher incomes is probably going to inspire OPEC to stay with yield cuts or even develop them.

OPEC’s initially yield cut in eight years has earned the gathering $1.64 billion a day so far this year, up more than 10 percent from the second 50% of 2016

Contrasted and the primary portion of 2016, when oil costs sank to a 12-year low close $27 a barrel, the expansion in wage is a sensational 43 percent, despite the fact that creation by the Organization of the Petroleum Exporting Countries was minimal changed.Pay could ascend in whatever is left of the year if, as OPEC trusts, a supply excess is exiled. OPEC in addition to Russia and other non-OPEC makers conceded to May 25 to stretch out supply slices to March, after an underlying arrangement to keep them set up for the main portion of 2017.

“I expect the increases for OPEC to be higher amid the second semester 2017 because of a tight market in the third and final quarter, notwithstanding an oversupply from non-OPEC not fixing to the OPEC assention and higher-than-anticipated generation from Libya and Nigeria,” said Chakib Khelil, Algeria’s previous oil serve.He assessed OPEC incomes ascended around 8 percent in the principal half of 2017, after its turn toward the finish of 2016 to cut general yield by around 4 percent.”The general pick up in incomes for OPEC would be in the 9 to 10 percent go for the entire of 2017 contrasted with 2016,” the previous pastor said.

OPEC’s choice in late 2016 to come back to an arrangement of restricting supply, in collaboration with Russia and other non-individuals, denoted the finish of a two-year time span in which the gathering pumped voluntarily in a Saudi-drove move to control equal yield and lift piece of the overall industry, which quickened a drop in costs.”I think the degree to which Saudi Arabia drained income amid 2014-2016 constrained them back to the OPEC table before the employment of truly turning the screw on U.S. shale and other non-OPEC supply was finished,” said David Fyfe, boss financial specialist at exchanging firm Gunvor.

29Jun
ringgit

Malaysian Ringgit- the highest Asian currency this Quarter 2017

The ringgit is effortlessly the most grounded real Asian currency this quarter, climbing twice as much as the following best, the Chinese yuan. Global assets have purchased the most Malaysian stocks year-to-date since a similar period in 2013, and net inflows to the security showcase surged in April and May.

“The stock market’s gains came as the ringgit rebounded from a 19-year low. After missing out on an earlier rally in regional currencies, it strengthened as growth quickened and concerns eased over an earlier move by the central bank to deter currency speculators,” the Bloomberg report added.

 

Ringgit2

A general decision isn’t expected until mid-2018, yet there’s developing speculationthat Najib will call for surveys this year with development holding up and the resistance parties racked by infighting. The head said recently that arrangements for the decision were going great.The monetary viewpoint has countered features including 1MDB, which is at the focal point of tax evasion assertions and tests in a few nations. The U.S. Equity Department is trying to recuperate US$1.8bil in resources it says were purchased with stores misused from 1MDB.

Overseas investors have purchased $2.48 billion of Malaysian equities this year, the biggest stock inflow in Southeast Asia. The FTSE Bursa Malaysia index hit its highest in two years on June 16 as technology, banks and construction shares soared.


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