Archived News

21/06/2013 (Bernama) - Kulim (Malaysia) Bhd (Kulim) has proposed a partial offer to acquire up to 20 per cent stake or about 30 million shares in its London-listed associate company, New Britain Palm Oil Limited (NBPOL), for of GBP5.50 (approximately RM26.77) per share.

21/06/2013 (Bernama) - Lahat Datu has shed its cowboy-town image and is gearing up to become a municipality by 2015, following in the footsteps of its neighbours Sandakan and Tawau.

20/06/2013 (Reuters) - Malaysian palm oil futures rose to a near 3-month high on Wednesday, reversing losses in the morning session as investors placed bets for export demand to rise further after strong performance in the first half of the month.

20/06/2013 (Hindu Business Line) - Barring soya refined oil which rose by Rs 3 and groundnut oil that declined by Rs 20, other edible oils ruled steady on Wednesday tracking steady Malaysian palm oil futures. Investors awaited clarity on whether the US Federal Reserve will trim its stimulus programme, after a two-day meeting.

20/06/2013 (Straits Times) - Palm oil companies listed here have denied that they are using slash-and-burn practices on their plantations in Indonesia.

20/06/2013 (The Star) - Kulim (M) Bhd, which has a 50% stake in palm oil manufacturer New Britain Palm Oil Ltd (NBPOL), is planning to make an announcement today for a conditional partial offer to raise its stake by another 20%.

20/06/2013 (Bloomberg) - Palm oil fell for the first time in four days on speculation that a rally to the highest level in almost three months was overdone.

20/06/2013 (BioEnergy News) - According to local news reports, five plantation companies in Malaysia have signed a biomass joint venture cluster agreement to benefit the state of Sabah.

20/06/2013 (Bloomberg) - Singapore expressed “concerns” to Indonesia after forest fires in the Indonesian island of Sumatra enshrouded parts of Malaysia and the city-state, causing its worst smog in 16 years.

20/06/2013 (Bloomberg) - Singapore’s smog level reached an all-time high yesterday evening, prompting the government to unveil plans to use satellite imagery to identify companies involved in forest burning on the Indonesian island of Sumatra.

20/06/2013 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

20/06/2013 (Business Standard) - The ministry of food may start a review of the edible oil subsidy scheme under the public distribution system for a partial deregulation. As per the subsidy scheme, states are subsidised for distribution of edible oil at Rs 15 per kg under PDS. The scheme is to end in September 2013 .