Slump in industry sees 46 wholesalers, 31 manufacturers go bankrupt

Move will reduce commodity's advantage in terms of duty gap against other competing edible oils, say analyses

MCO announcement dashes hopes that momentum built at end of last year will continue

But firmer oil prices cushion impact on local currency, says analyst

Rebound marks stunning turnaround for crude market after 2020 supply glut

E-commerce giant’s web division head, Andy Jassy, to take over

Company estimates full-year 2021 sales of between US$59.4 billion and US$61.4 billion

Japanese firm now expects a ¥150 billion profit on sales of ¥6.6 trillion

Company registers net profit of 6.6 billion kronor for the full-year, up from 2.5 billion in 2019
