Archived News
22-12-2022
No more delay to implementation of amendments to Employment Act 1955, says HR Minister
21/12/2022 (The Edge Markets), Putrajaya - The government is keeping to its stance to implement amendments to the Employment Act 1955 starting Jan 1 next year, including the requirement that approval is needed from the Labour Department's director-general prior to the recruitment of foreign labour.
22-12-2022
Bursa Malaysia slightly lower in early trade
21/12/2022 (The Malaysian Reserve) - Bursa Malaysia opened slightly lower on Wednesday despite gains on Wall Street overnight amid market jitters on interest rates following Bank of Japan’s (BoJ) move to tighten its monetary policy, said an analyst.
22-12-2022
EU has no choice but to accept a more powerful Asean: Jakarta Post contributor
20/12/2022 (The Star Online), Jakarta - Just one month after chairing the internationally applauded Group of 20 (G-20) Summit, bringing together the leaders of the world’s largest 20 economies in Bali, President Joko “Jokowi” Widodo played a leadership role for the 10-member Asean during the summit to commemorate 45 years of its relationship with the 28-member European Union in Brussels on Wednesday (Dec 21).
21-12-2022
Palm oil retreats on signs of weaker demand for Malaysian exports
20/12/2022 (The Edge Markets) - Palm oil slipped after two days of gains, as a drop in exports from Malaysia stoked concern about weaker demand.
21-12-2022
MPIC: Smart palm oil factory should align with industry growth
20/12/2022 (New Straits Times), Kuala Lumpur - The concept of a smart palm oil factory should be the direction of the oil palm industry as it is able to give a new dimension to the aspect of efficiency, the Ministry of Plantation Industries and Commodities urged.
21-12-2022
Shortage of labour in palm oil sector to ease next year, says MPOB DG
20/12/2022 (New Straits Times), Kuala Lumpur - Acute labour shortages impacting the domestic palm oil sector will not be fully resolved next year, despite industry players and government agencies shifting their attention to other countries for labour resources.
21-12-2022
Palm oil industry must be ready to accept new technology changes, says DPM Fadillah
20/12/2022 (Malay Mail) - The palm oil industry must always be prepared to embrace changes in terms of new technologies amid these challenging times, Deputy Prime Minister Datuk Seri Fadillah Yusof said.
21-12-2022
MPOB: CPO price to rise to RM4,500 a tonne next year, smart palm mills to be completed in 2024
20/12/2022 (The Edge Markets), Kuala Lumpur - The construction of a smart palm oil mill initiative by the Malaysian Palm Oil Board (MPOB) in collaboration with Fusionex Group is expected to be completed by the end of 2024, and it will start operating early in 2025.
21-12-2022
Palm oil industry must be ready to accept new technology changes, says Fadillah
20/12/2022 (The Edge Markets), Kuala Lumpur - The palm oil industry must always be prepared to embrace changes in terms of new technologies amid these challenging times, Deputy Prime Minister Datuk Seri Fadillah Yusof said.
20-12-2022
Palm oil advances on concerns wet weather will curb production
19/12/2022 (The Edge Markets) - Palm oil extended its rally on worries that heavy monsoon rains in Southeast Asia will disrupt operations at estates and slash output in top producers Indonesia and Malaysia.
20-12-2022
VEGOILS-Palm oil firms on higher crude prices, Indonesia's plan to raise biofuel mandate
18/12/2022(Nasdaq), Kuala Lumpur - Malaysian palm oil futures rose on Monday, underpinned by higher crude prices and Indonesia's plan to raise its biofuel mandate, although concerns over another COVID-19 outbreak in China capped gains.
20-12-2022
Malaysian palm oil rises
19/12/2022 (Business Recorder), Jakarta - Malaysian palm oil futures rose on Friday, supported by stronger rival vegetable oils and crude oil, but the contract was set to post a weekly decline amid soft export data for the Dec. 1-15 period.