Archived News

21/10/2014 (Hindu Business Line) - Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives ruled lower on Monday as falling energy prices and soya futures weighed on the sentiment.

21/10/2014 (Bernama) - Bursa Malaysia Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 rose 14 per cent to RM73.62 million from RM64.46 million in the same period of 2013.

21/10/2014 (Jakarta Globe) - State-controlled Bukit Asam has purchased Jakarta-based plantation company Bumi Sawindo Permai for Rp 861.4 billion ($72 million), to bolster its coal reserves as the coal miner expands its power-generation business.

21/10/2014 (Bernama) - The Malaysia External Trade Development Corp (Matrade) is spearheading the participation of 34 Malaysian exhibitors at the Salon International de l'alimentation Paris (Sial Paris) 2014 at Paris Nord Villepinte, France.

21/10/2014 (Bloomberg) - Palm oil stockpiles in Indonesia probably slumped last month by the most since February 2013 as a dry spell reduced output in the largest supplier. Futures rose.

20/10/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

20/10/2014 (New Straits Times) - Sabah is committed to develop its oil palm sector through Entry Point Projects (EPPs) and ensure continuous improvement in environmental management under the industry.

20/10/2014 (Taipei Times) - Oils produced by Namchow Group (南僑集團), one of the nation’s largest food manufacturers, have passed safety inspections and the company has been given permission to resume selling them, the Food and Drug Administration (FDA) announced yesterday.

20/10/2014 (New Europe) - In an interview to New Europe Dr. Yusof Basiron, Chief Executive Officer of the Malaysian Palm Oil Council reacts to the negative labelling of palm oil in the EU and explaines what its production realy means for the Malaysian economy.

20/10/2014 (Jakarta Post) - State-owned port operator PT Pelabuhan Indonesia I (Pelindo I) is set to cooperate with Port of Rotterdam, the largest port in Europe, to develop the much-anticipated Kuala Tanjung Port in North Sumatra.

20/10/2014 (Macau Business Daily) - On Wednesday and Thursday, the food safety authorities of Hong Kong and Macau announced a ban on importing edible oil produced in Taiwan, following information released by Taiwanese authorities that some oil traders had failed to meet the requirements of Customs declaration, where imported butter, coconut oil and palm kernel oil were declared for industrial use and not registered for inspection.

20/10/2014 (Business Recorder) - A cargo volume of 109,941 tonnes comprising 70,239 tonnes of import cargo and 39,702 tonnes of export cargo inclusive 1,539 loaded and empty containers (TEUs) was handled at Port Qasim during the last 24 hours on Saturday. The total import cargo of 70,239 tonnes includes 31,404 tonnes of furnace oil; 9,700 tonnes of palm oil; 3,956 tonnes of chemicals; 16,000 tonnes of rape seed and 9,179 tonnes of containerised cargo.