Archived News
03-10-2013
Minister to Resolve Oil Palm Fresh Fruit Bunches Price Uproar
03/10/2013 (Borneo Post) - Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas will see Malaysian Palm Oil Board (MPOB) Sarawak next week to resolve complaints about differing prices of fresh fruit bunches (FFBs).
03-10-2013
Pontian Acquisition to Boost FGV’s Crude Palm Oil Output
03/10/2013 (Borneo Post) - Felda Global Ventures Holdings Bhd’s (FGV) acquisition of Pontian United Plantations Bhd’s (Pontian) 100 per cent equity stake is expected to boost its crude palm oil (CPO) output.
03-10-2013
Rotterdam Vegetable Oil Prices
03/10/2013 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.
03-10-2013
Breakthrough in Oil Palm Research
03/10/2013 (News Straits Times) - Recently, scientists from the Malaysian Palm Oil Board (MPOB) made headlines. Their breakthrough in deciphering oil palm genome was well-received.
03-10-2013
Palm Fatty Acid Distillate: Input Tax Adjustment Facility Restored
03/10/2013 (Business Recorder) - The Federal Board of Revenue has restored facility of input tax adjustment upto maximum of 5 percent on palm fatty acid distillate (PFAD) for the ghee and cooking oil industry. The FBR has issued instructions on \'Input tax adjustment on by-product PFAD\' to all Chief Commissioners of the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) here on Wednesday.
03-10-2013
IOI Corp\'s Bid Triggers Mandatory General Offer Acquisition of Unico-Desa
03/10/2013 (The Star) - Plantation giant IOI Corp Bhd has launched an RM1bil takeover of Unico-Desa Plantations Bhd at RM1.17 a share, just slightly below the latter’s last traded price.
03-10-2013
Pontian Purchase Price For RM1.2 Billion Reasonable, Says FGV CEO
03/10/2013 (Bernama) - Felda Global Ventures Holdings Bhd's (FGV) President and Chief Executive Officer Mohd Emir Mavani Abdullah today defended the purchase price of Pontian United Plantations Bhd, saying the deal was value for money based on its future prospects and it being a debt-free company.
03-10-2013
IOI\'s Share Price Falls Despite News On Acquisition
03/10/2013 (Bernama) - IOI Corporation Bhd's (IOI) share price fell two sen to RM5.37 at the end of trading Thursday despite news on its acquisition of a 40 per cent stake in Unico-Desa Plantation Bhd for RM397 million.
03-10-2013
Kulim To Take Control Of 40,645 Hectare Of Oil Palm Land In Kalimantan
03/10/2013 (Bernama) - Kulim (Malaysia) Bhd is eyeing to take control of 40,645 hectares of oil palm land through the acquisition of an Indonesian company for US$43.44 million (about RM140 million) and ventures in the oil and gas sector.
02-10-2013
Palm Oil Gains on Speculation Higher Soybean Oil to Boost Demand
02/10/2013 (Bloomberg) - Palm oil advanced for a third day to a two-week high on speculation that an increase in the price of soybean oil, a substitute, will boost demand for the tropical commodity used in food and fuel.
02-10-2013
VEGOILS-Palm Ends At 2-week High on Short-Covering Bounce
02/10/2013 (Reuters) - Malaysian palm oil futures ended higher on Tuesday, posting their third straight session of gains and reversing morning losses as technical buying supported prices, although bearish investor sentiment capped gains.
02-10-2013
Smallholders Complain of Different Sets of Prices
02/10/2013 (Borneo Post) - Dayak oil palm smallholders in Bintulu are complaining of the many different prices of fresh fruit bunches (FFBs) and insufficient number of mills.