Archived News

25/11/2013 (Borneo Post) - The Dow Jones Industrial Average (DJIA) Index made a new historical high last week by going above 16,000 benchmark. The US net long-term portfolio investment inflow was US$25.5 billion in September, which implied funds moving into US equities and currency.

25/11/2013 (4-Traders) - The 11th Annual Roundtable Meeting on Sustainable Palm Oil (RT11), the world's largest sustainable palm oil meeting, concluded today in Medan, North Sumatra, Indonesia. The meeting, presented by international multi-stakeholder organization the Roundtable on Sustainable Palm Oil (RSPO), confirmed the strong commitment from palm oil stakeholders worldwide towards Sustainable Palm Oil.

25/11/2013 (Science Daily) - A recently isolated bacterial strain converts waste from palm oil production into industrially useful lactic acid.

25/11/2013 (4-Traders) - CDC invests US$14.5m to lead a US$25m equity funding round, giving CDC a 27.5% stake in the company

25/11/2013 (Hindu Business Line) - Malaysian palm oil futures on Bursa Malaysia Derivatives Exchange ended lower on Friday on profit-taking with prospects of higher output from the world’s top producer weighing on the market. Indonesia’s palm oil output will jump 13 per cent to 29.5 million tonnes next year as more maturing plantation areas are harvested, the Indonesian Palm Oil Board estimated.

25/11/2013 (Jakarta Post) - Crude palm oil (CPO) plantation firm PT Provident Agro (PALM) said it was looking to acquire approximately five plantation companies from the proceeds of its rights issue, which is expected to fetch the company Rp 887.03 billion.

25/11/2013 (Economic Times) - The wholesale oils market ended on a mixed note during the past week as select edible oils strengthened on vanaspati millers buying amid firming global trend while a few others weakened on adequate supplies.

23/11/2013 (Reuters) - Malaysian palm oil futures ended lower on Friday, reversing gains as investors booked profits from prices that soared to more-than-one-year highs, while prospects of higher output from the world's top producer weighed on the market.

23/11/2013 (The Star) - The plantation business was never high on MKH Bhd’s corporate agenda until recently. The company, formerly known as Metro Kajang Holdings Bhd, has been built by the property business which it started with over 33 years ago. MKH’s founder and executive chairman Tan Sri Alex Chen sat with several journalists at a recent press visit to the company’s plantations arm located at the interior of east Kalimantan to tell the story behind this foray into the plantations industry.

23/11/2013 (Borneo Post) - The Malaysian Palm Oil NGO Coalition (MPONGOC) yesterday took to task Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Yusof Basiron for stating that the soon-to-be launched Malaysian Sustainable Palm Oil (MSPO) will cater to the international way of developing standards, but “definitely not the non-governmental organisations’ way.”

23/11/2013 (Daily News & Analysis) - Bunge India is resurrecting the Lotus brand of palm oil, 10 years after acquiring it along with the more popular Dalda, from Hindustan Unilever.

23/11/2013 (ANTARA News) - Indonesian Vice President Boediono has urged Netherlands Prime Minister Mark Rutte to resolve obstacles in Indonesias palm oil exports.