Archived News

26/05/2014 (Sunday Leader) - Watawala Plantations PLC (CSE: WATA) reported revenue of LKR6.2bn for the year ended 31 March 2014 (FY14), up 14.9% YoY. Net profit declined to LKR434m for FY14, from LKR725m recorded in the previous year.

26/05/2014 (The Star) - The economic landscape of Malaysia and China has vastly changed from 40 years ago, when both countries established diplomatic relations with each other.

26/05/2014 (Mongabay.com) - Papua New Guinea's National Court has declared two leases held by Malaysia-based Kuala Lumpur Kepong Berhad (KLK) null and void, and ordered the government to cancel the licenses to convert nearly 40,000 hectares of rainforest and community forest for oil palm plantations, reports the Rainforest Action Network (RAN).

26/05/2014 (Global Indonesia Voice) - Palm oil productions are increasingly important to Indonesian economy for Indonesia is recognized as a world leader for palm oil. In recent years, the significance of the industry has increased in the country due to rising demand for edible palm at home and in other countries.

23/05/2014 (The Star) - RHB Research has upgraded TSH Resources to a Buy rating from Neutral with a raised fair value of RM3.91 from RM3.19.

23/05/2014 (The Star) - RHB Research has upgraded TSH Resources to a Buy rating from Neutral with a raised fair value of RM3.91 from RM3.19.

23/05/2014 (Reuters) - Malaysian palm oil futures ended higher on Thursday to snap a four-day losing streak, lifted by firm crude prices and a recovery in soyoil markets overseas, while a rebound in technicals underpinned sentiment.

23/05/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

23/05/2014 (Manila Standard Today) - Environment and Natural Resources Secretary Ramon Paje has proposed to turn 8 million hectares of idle, denuded and unproductive lands into palm oil plantations and said the country was losing P800 billion of lost opportunities.

23/05/2014 (The Star) - Plantation company TSH Resources Bhd posted impressive figures in the first quarter ended March 31, 2014, with earnings soaring 162% year-on-year to RM52.2mil from MR19.9mil on the back of better crop yield, higher CPO (crude palm oil) prices and improved margins.

23/05/2014 (Hindu Business Line) - The sentiment in the edible oils markets improved on Thursday on back of firm futures market and fresh demand at the lower level. Local refineries reduced their rates for palmolein and soya oil by ₹3-5 for 10 kg, as the rupee continued to recover making imports cheaper.

23/05/2014 (The Star) - IOI Corporation third quarter ended Mar 31, 2014 net profit almost quadrupled to RM2.176bil from RM567.8mil a year ago due to the one-off net gain of RM1.834bil from the demerger of its property arm.