Archived News

Politics may be the deciding factor in a RM36 billion deal to supply light combat aircraft to the Royal Malaysian Air Force over the next 10 years, according to a Singapore news report. The aircraft on offer are believed to be the F-50 by Korea Aerospace Industries of South Korea, Tejas by Hindustan Aeronautics (India), YAK-130 by Irkut Aerospace (Russia), JF-17 Thunder (Pakistan) and the Alenia Aermacchi M-346 Master (Italy).

Indications have emerged that over 600,000 workers employed in over 200,000 hectares of palm plantations across the Nigeria may lose their jobs on accounts of threats posed to the industry by smuggling and increasing cost of production because of gross shortage of power supply and infrastructure.

KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to trade between RM2,000 and RM2,050 a tonne next week on demand from China, India, Pakistan and the Middle East, said a dealer.

EU lobbies are protecting unsustainable industries at the expense of free trade and poverty alleviation.

On March 26, 2019, Hong Kong and Australia signed a Free Trade Agreement (HKAFTA) and a complementary Investment Agreement (IA). After almost two years of negotiations, Australia and Hong Kong have formalized their trade relationship, which was previously governed by their obligations under the World Trade Organization (WTO) Agreement.

Argentina's Minister of Production and Labor Dante Sica, during a trip to Washington, told reporters on Friday he had asked for the "greatest speed" from U.S. counterparts to find a "quick solution towards being able to enter the market."

KUALA LUMPUR (May 16): Malaysian palm oil futures rose to a two-week high in early trade on Thursday on better demand for the edible oil, set to gain for the fourth straight day as they tracked gains in soyoil on the US Chicago Board of Trade.

KUALA LUMPUR: Malaysian palm oil futures rose to a more than two-week high on Thursday evening on better demand for the edible oil, moving up for the fourth straight day as they tracked gains in soyoil on the U.S. Chicago Board of Trade.

According to the Indonesian Palm Oil Producers Association (Gapki), the country’s palm oil exports increased in the first quarter of 2019, despite an alleged smear campaign against the commodity led by the European Union and a global economic slowdown.

PETALING JAYA, May 16 — The Ministry of Primary industries has received a number of requests from China, expressing interest in buying large quantities of palm oil and palm-based products from Malaysia following the Prime Minister’s official visit to Beijing recently.

The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Wednesday urged the Federal Government to attach premium to palm oil production, saying its price is higher than crude oil’s.

The managing Director of Okomu oil palm company Plc., Dr Graham Hefer, says the influx of banned adulterated Crude Palm Oil(CPO) and Ole into the Nigerian market is adversely affecting indigenous companies, with colossal revenue loss to government.