what's wrong in PH, they are eliminating crutches and promoting free competition, that is the recipe for developing country like us to move towards developed country.
we will forever be stuck if continue to rely on crutches

https://www.lowyat.net/2018/168181/maxis-introduces-new-fibre-broadband-plans-30mbps-for-rm89-100mbps-for-rm129/

TM continues to have problems in their new packages in mobile plans
http://says.com/my/tech/tm-has-drastically-reduced-the-10gb-free-lte-data-it-offered-with-unifi-mobile-sim-card

Headline: Greenpeace blockades palm oil trader IOI in Rotterdam

Two Indonesian men who have been directly affected by forest fires are blocking access to the refinery with eight activists. The Greenpeace ship Esperanza has moored to the dock at the back of the refinery, preventing palm oil being unloaded from incoming oil tankers.
IOI suppliers are linked to serious environmental and human rights abuses such as destruction of Indonesian rainforests, starting illegal fires and child labour. Palm oil from these companies continues to flood into Europe and the USA, research by Greenpeace reveals. Findings include:
Destruction of primary forest in Papua and Kalimantan.
Development on peatland

http://foreignaffairs.co.nz/2016/09/27/greenpeace-blockades-palm-oil-trader-ioi-in-rotterdam/

Palm prices to drop 19 pct by November as output recovers -Mistry - Reuters News
23-SEP-2016 03:30:00 PM

KUALA LUMPUR, Sept 23 (Reuters) - Crude palm oil prices are expected to drop around 19 percent from current levels to 2,200 ringgit ($534) per tonne over the next two months as production recovers in the new oil year, a leading industry analyst, Dorab Mistry, said on Friday.

In the current oil year ending September, palm prices have gained 9 percent as dryness linked to an El Nino weather event curbed yields across top producers Indonesia and Malaysia. Benchmark futures 1FCPOc3 hit a five-month high on Thursday and are now trading at 2,700 ringgit per tonne.

While global palm oil output for 2015/16 is seen declining by significantly more than the previous forecast of 2.5 million tonnes, a strong recovery next year should offset the deficit.

"Overall in oil year 2015/16, palm oil production will decline by over 6 million tonnes, a decline which has never before been seen in history," Mistry said at industry conference Globoil India. But production next oil and calendar year could see a strong recovery of almost 6.5 million tonnes, he added.

"Let us not ignore the rapid expansion of palm oil production in Central and South America."

However, for 2015/16, Mistry said he expects a sharper-than-estimated annual drop in output from Indonesia and Malaysia.

He forecast a 3.5-4 million tonne decline in Indonesia's output, versus a fall of 1.2 million tonnes projected before. For Malaysia, he pegged output at 17.83 million tonnes, versus his previous estimate of 18.44 million tonnes.

For the calendar year 2016, he sees Indonesia churning out 28.5 million tonnes of palm oil, lesser than a prior forecast of 31 million tonnes, and Malaysia producing 18.2 million tonnes.

In other vegetable oils, Mistry said he sees prices of soyoil, palm's rival, falling to $650 per tonne on a free-on-board basis if palm declines to 2,200 ringgit, adding that lauric oil prices are also due for a correction.

($1 = 4.1190 ringgit)

Palm prices to drop 19 pct by November as output recovers -Mistry - Reuters News
23-SEP-2016 03:30:00 PM

KUALA LUMPUR, Sept 23 (Reuters) - Crude palm oil prices are expected to drop around 19 percent from current levels to 2,200 ringgit ($534) per tonne over the next two months as production recovers in the new oil year, a leading industry analyst, Dorab Mistry, said on Friday.

In the current oil year ending September, palm prices have gained 9 percent as dryness linked to an El Nino weather event curbed yields across top producers Indonesia and Malaysia. Benchmark futures 1FCPOc3 hit a five-month high on Thursday and are now trading at 2,700 ringgit per tonne.

While global palm oil output for 2015/16 is seen declining by significantly more than the previous forecast of 2.5 million tonnes, a strong recovery next year should offset the deficit.

"Overall in oil year 2015/16, palm oil production will decline by over 6 million tonnes, a decline which has never before been seen in history," Mistry said at industry conference Globoil India. But production next oil and calendar year could see a strong recovery of almost 6.5 million tonnes, he added.

"Let us not ignore the rapid expansion of palm oil production in Central and South America."

However, for 2015/16, Mistry said he expects a sharper-than-estimated annual drop in output from Indonesia and Malaysia.

He forecast a 3.5-4 million tonne decline in Indonesia's output, versus a fall of 1.2 million tonnes projected before. For Malaysia, he pegged output at 17.83 million tonnes, versus his previous estimate of 18.44 million tonnes.

For the calendar year 2016, he sees Indonesia churning out 28.5 million tonnes of palm oil, lesser than a prior forecast of 31 million tonnes, and Malaysia producing 18.2 million tonnes.

In other vegetable oils, Mistry said he sees prices of soyoil, palm's rival, falling to $650 per tonne on a free-on-board basis if palm declines to 2,200 ringgit, adding that lauric oil prices are also due for a correction.

($1 = 4.1190 ringgit)

Palm prices to drop 19 pct by November as output recovers -Mistry - Reuters News
23-SEP-2016 03:30:00 PM

KUALA LUMPUR, Sept 23 (Reuters) - Crude palm oil prices are expected to drop around 19 percent from current levels to 2,200 ringgit ($534) per tonne over the next two months as production recovers in the new oil year, a leading industry analyst, Dorab Mistry, said on Friday.

In the current oil year ending September, palm prices have gained 9 percent as dryness linked to an El Nino weather event curbed yields across top producers Indonesia and Malaysia. Benchmark futures 1FCPOc3 hit a five-month high on Thursday and are now trading at 2,700 ringgit per tonne.

While global palm oil output for 2015/16 is seen declining by significantly more than the previous forecast of 2.5 million tonnes, a strong recovery next year should offset the deficit.

"Overall in oil year 2015/16, palm oil production will decline by over 6 million tonnes, a decline which has never before been seen in history," Mistry said at industry conference Globoil India. But production next oil and calendar year could see a strong recovery of almost 6.5 million tonnes, he added.

"Let us not ignore the rapid expansion of palm oil production in Central and South America."

However, for 2015/16, Mistry said he expects a sharper-than-estimated annual drop in output from Indonesia and Malaysia.

He forecast a 3.5-4 million tonne decline in Indonesia's output, versus a fall of 1.2 million tonnes projected before. For Malaysia, he pegged output at 17.83 million tonnes, versus his previous estimate of 18.44 million tonnes.

For the calendar year 2016, he sees Indonesia churning out 28.5 million tonnes of palm oil, lesser than a prior forecast of 31 million tonnes, and Malaysia producing 18.2 million tonnes.

In other vegetable oils, Mistry said he sees prices of soyoil, palm's rival, falling to $650 per tonne on a free-on-board basis if palm declines to 2,200 ringgit, adding that lauric oil prices are also due for a correction.

($1 = 4.1190 ringgit)

Crude was lower as largest OPEC producer Saudi reported a record 10.67mil barrels per day of pumping in July‎ while at the same time witnessing "faster" production out from Iran. EIA report showed crude inventories build by 1.05mil barrels against estimate of a draw of 1.5mil b/ Cushing stocks rose by 1.16mil barrels against estimate of a draw of 1.3mil barrels. Crude ended at 41.71-2.5%/ Brent 44.05-2%

UPDATE ON THE STATUS OF IOI GROUP’S CERTIFICATION
Announcements, 05 August 2016
Share Tweet
We wish to inform that the RSPO Board of Governors has endorsed the recommendation made by the Complaints Panel (CP) to lift the suspension of RSPO certification for the entire IOI Group.

The CP is satisfied that IOI has met the conditions set out in its letter to IOI dated 14th March 2016, based on the actions that IOI has taken and implemented since then, see attached table 1.0.

The lifting of the suspension of the RSPO certificates will be effective from 8th August 2016.

The initial suspension of IOI Group’s RSPO certificates became effective as of 1 April 2016. It followed a decision taken by the Complaints Panel on 14 March and endorsed by the RSPO Board of Governors on 25 March 2016 in relation to the complaint against PT Sukses Karya Sawit, PT Berkat Nabati Sawit, PT Bumi Sawit Sejahtera, all subsidiaries of the IOI Group.

The RSPO welcomes the good progress achieved so far towards the resolution of this case, as confirmed by both parties involved in a recent joint statement. However, the Board of Governors wish to make it clear that the implementation of the action plan by IOI shall be subject to an independent ground verification by a team of experts. These experts will be appointed by the RSPO Secretariat within 30 days from the date of this letter.

The findings of the independent ground verification team shall be scrutinized by the RSPO CP. The CP will advise the Board of Governors to re-impose the suspension, with immediate effect, if the verification team find significant failures in the implementation of IOI’s commitments to RSPO, in correcting deficiencies that led to IOI’s certifications being suspended, in the first place.

IOI shall continue to submit its quarterly progress report as mandated by the CP, in its letter of 5 May 2016. At the end of a 12 months period, the CP shall again commission an independent ground verification by a team of experts, following which a review of the complaint will be undertaken by the Panel.

The Panel shall then determine whether the implementation of the action plan is satisfactory and set any other conditions for the continued progress of the resolution of the complaint.

Oil broke 200day Moving Average
http://www.bloomberg.com/gadfly/articles/2016-07-28/crude-oil-200-day-moving-average-the-next-big-test

U.S. crude prices fell on Tuesday, hitting three-month lows, on renewed worries of a glut while Brent settled higher due to its better fundamentals versus U.S. crude.Bearish factors included continued technical selling as Sep crude oil fell to a new 3-month low, and continued concern about the crude oil glut and the increasing number of active U.S. oil wells.
* Crude oil $42.92 (-0.21)
* Brent crude $44.83 (+0.11)

No doubt that someday SKP will rise but why park and waste capital when there are so many stocks out there to consider. My 2 cents.

Renewed U.S. drilling activity fueled speculation that domestic production could be on the verge of rebounding in the weeks ahead, thereby created underlining worries over glut in supplies. According to news the number of rigs drilling last week increased by 14 to 371 (or 4th straight weekly rise). Wti settled 4419-1.25% (or 3.83% lower fr the wk)/Brent fri closed 4569-1.1%.

Cargill, the leading international agricultural trading house has suspended ties with IOI Group after the Malaysian palm oil producer and trader failed to publish a detailed plan on delivering sustainable palm oil.

Many of Cargill’s customers, such as Unilever and Nestle, had announced that they would cut ties with IOI after its sustainable palm oil certificates were suspended by the RSPO, an industry watchdog, writes Emiko Terazono .

Unlike many of its customers and peers, Cargill had not cut ties with IOI but had given the Malaysian company a July 15 deadline.

Cargill said:

The IOI Group has yet to deliver a responsible sourcing policy or a detailed sustainability implementation plan to meet our requirements. As a result, Cargill is suspending business by not entering into any new purchase contracts until IOI Group can meet our requirements in compliance with our sustainable palm oil policy.

Cargill’s move means that the bulk the leading agricultural traders have cut ties with IOI.

With south east Asia entering the season when illegal burning of forests increases, NGOs are on high alert.

crude oil each time it reaches near $50, US rigs count increase, it is putting a ceiling on prices

last crude oil above $50, immediately it showed US raised rigs count.
let's see what is next report now that crude again nearing to $50

BNEF Report Says Solar Energy, Batteries, Wind Will Dominate, Fossil Fuel Usage to Collapse
http://www.financialsense.com/contributors/michael-shedlock/bnef-report-solar-wind-dominate

U.S. petroleum stockpiles rose last week as crude, gasoline and distillate inventories built, industry group the American Petroleum Institute said on Tuesday.

Crude inventories rose by 1.2 million barrels in the week to June 10 to 536.7 million, compared with analysts' expectations for a decrease of 2.3 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 664,000 barrels, API said.

Refinery crude runs fell by 280,000 barrels per day, API data showed.

Gasoline stocks rose by 2.3 million barrels, compared with analysts' expectations in a Reuters poll for a 243,000-barrel decline.

Distillate fuels stockpiles, which include diesel and heating oil, rose by 3.7 million barrels, compared with expectations for a 249,000-barrel drop, the API data showed.

U.S. crude imports fell last week by 88,000 bpd to 7.4 million bpd.