Archived News

03/06/2013 (The Nation) - The cooking oil and ghee industry, in its budget proposals for 2013-14, has recommended the new structure of income tax and federal excise duty (FED) to the Federal Board of Revenue, urging the authorities to abolish Section 65D of Income Tax Ordinance, 2001 with a view to avoid revenue loss to existing ghee manufactures.

03/06/2013 (The Star) - Recent studies conducted by the Ohio State University have found that a natural compound of vitamin E called alpha-tocotrienols may play a role in reducing stroke-related damage.

03/06/2013 (Times of India) - Keeping in view the volatile price trend in global bullion market, the government has raised the import tariff value of gold to USD 459 per 10 grams, while it has been slashed at USD 737 per kg for silver imports.

03/06/2013 (Business Recorder) - he report of Saturday's activities of Karachi Port Trust (KPT) was not received.

01/06/2013 (Reuters) - Malaysian palm oil futures rose on Friday as traders bet on slowing production, notching a fourth straight weekly gain, although lacklustre exports weighed.

01/06/2013 (Bloomberg) - Africa is the next frontier for the world’s producers of palm oil, a food ingredient that environmentalists blame for destruction of rain forests in Southeast Asia. Indonesia is the world’s biggest producer of palm oil but the government there is trying to reduce deforestation by banning development of new plantations on primary rain forest. With the world’s appetite for palm oil increasing, plantation developers are targeting territory in sub-Saharan Africa.

01/06/2013 (Reuters) - Malaysian diversified group Wah Soeng Berhad plans to invest $744 million to develop a palm oil agro-industrial complex including a 180,000-hectare palm plantation in the Republic of Congo, the country's agriculture minister said.

01/06/2013 (Bloomberg) - Sime Darby Bhd. (SIME), the world’s biggest listed palm oil producer, reported a 21 percent drop in third-quarter profit as prices of the commodity declined.

01/06/2013 (Jakarta Post) - Plantation firm PT Provident Agro (PALM) plans to increase its crude palm oil (CPO) production this year despite uncertainty in the world’s CPO prices.

01/06/2013 (Stockhouse) - Feronia late Thursday announced that the commissioning of the new palm oil mill at Yaligimba in the Democratic Republic of Congo in 2013 is expected to provide it with immediate access to an additional 3,757 hectares of mature oil palms for the production of crude palm oil, an increase of 62.1% from the area currently accessible.

01/06/2013 (The Star) - TH Plantations Bhd's net profit fell 75% to RM3.2mil in the first quarter ended March 31, 2013 from RM13mil a year ago due to the effects of its land acquisitions in 2012 and higher estate production cost.

01/06/2013 (Jakarta Post) - Instant noodle producer PT Indofood Sukses Makmur (INDF) aims to grow by at least 10 percent this year and is looking at emerging markets to boost growth.