Archived News

02/02/2015 (Bernama) - Former Finance Minister Tengku Razaleigh Hamzah today advised the people to remain thrifty and save in the eventuality of an economic recession.

02/02/2015 (Hindu Business Line) - The stock of Hindustan Unilever (HUL) now trades at 55 times the company’s trailing 12 month earnings. This time last year, the trailing price-earnings multiplewas far lower at 33.8 times. The stock’s average five-year PE is around 35 times.

02/02/2015 (THISDAY Live) - With the stark reality that Nigeria’s oil deposits will in the near future dry up staring coldly at the nation, no one was surprised that President Goodluck Jonathan prioritised agriculture since the inception of his administration. I belonged to the group of people, who doubted the workability of the move, given that past administrations had displayed so much lip service in that regard.

02/02/2015 (The Sunday Times Sri Lanka) - Palm oil came to the rescue of Watawala Plantations PLC has reported revenues of Rs. 5.3 billion for the nine months ended 31 December 2014.

02/02/2015 (Indonesia Investments) - The Indonesian Palm Oil Producers Association (Gapki) believes that it is difficult for Indonesia to achieve the government’s target of collecting USD $36 billion by 2019 through crude palm oil (CPO) exports as several government policies disturb the performance of CPO exports. Moreover, global commodity prices (including palm oil) are still showing a downward trend - hence limiting foreign exchange earnings - as global economic growth remains sluggish. Economic growth of China, a major CPO importer, is expected to slow further this year.

02/02/2015 (NNT) - A palm oil processing factory owner in Chumphon province has agreed with the government’s palm oil imports aimed at solving the industrial sector's supply shortage.

02/02/2015 (Business Recorder) - The Karachi Port handled 165,474 tonnes of cargo comprising 128,345 tonnes of import cargo and 37,129 tonnes of export cargo including 9,128 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 128,345 tonnes comprised of 71,427 tonnes of containerised cargo and 56,918 tonnes of oil/liquid cargo.

02/02/2015 (The Star) - The upcoming official visit to Malaysia by Indonesian President Joko Widodo – popularly known as Jokowi – will mark a renewed commitment by both countries to reaffirm and improve their relationship.

31/01/2015 (Bloomberg) - Palm oil capped the biggest January decline since 2010 as demand weakens amid a supply glut.

31/01/2015 (Reuters) - Palm oil prices will inch up in 2015 as poor weather in the world's biggest growers curbs output growth, but soaring supplies of rival oilseeds and volatile crude oil markets will offer stiff headwinds to any gains, a Reuters poll showed.

31/01/2015 (Bangkok Post) - The first 9,000 tonnes of imported crude palm oil intended to ease a supply shortage arrived a port in Samut Prakan on Friday and will be distributed to refineries for eventual bottling as cooking oil.

31/01/2015 (Economic Times) - Indians can enjoy more fried food in the ongoing winter season as prices of imported edible oil have fallen to the lowest in five years, though it may take some more time for the entire benefit to reach the retail level.