Archived News

20/03/2013 (eNews Park Forest) - Today several Non-Governmental Organisations (NGOs) condemned a statement by the World Bank’s International Finance Corporation, IFC which defends the record of a Honduran palm oil company, Grupo Dinant, implicated in dozens of murders as well as other human rights abuses. The IFC statement explicitly admits to supporting training for the company’s armed security guards.

20/03/2013 (Greener Ideal) - Bowing pressure from a major shareholder, Dunkin Donuts is the latest in a long line of companies to announce a shift to so-called “green” palm oil in its recipes. But some are questioning whether pledges from big brands like Unilever, McDonalds, and Nestle to use sustainable sources of palm oil really mean much.

20/03/2013 (National News Bureau of Thailand) - Out of concerns for consumers\' health, the Food and Drug Administration (FDA) has now banned food vendors and restaurants from using used cooking oils.

20/03/2013 (National News Bureau of Thailand) - The Food and Drug Association (FDA) has introduced a new penalty for food vendors found repeatedly using the same frying oils for cooking.

20/03/2013 (Bloomberg) - Palm oil climbed for a second day to the highest level in more than a week on speculation that a rebound in demand will boost exports from Malaysia, reducing inventories in the world’s largest producer after Indonesia.

19/03/2013 (Reuters) - Malaysian palm oil futures edged lower on Monday, as traders turned cautious after a radical bailout proposal for Cyprus rattled investors and triggered a broad-based decline in commodities and financial markets.

19/03/2013 (Hindu Business Line) - Imported edible oils such as palmolein and soyabean oil ruled steady in physical market despite weak futures on Monday.

19/03/2013 (IFA Magazine) - Palm oil company DekelOil expects revenue to grow following the completion of a new mill in the Ivory Coast this year.

19/03/2013 (New Straits Times) - The first batch of palm oil produced at Felda Sahabat in Lahad Datu was shipped out today under an escort by the Royal Malaysian Navy vessel since the armed incursion into Sabah east coast on Feb 9.

19/03/2013 (Bernama) - India-Malaysia trade hit a record high of RM41.2 billion in 2012, a 7.3 per cent growth over 2011, despite a slowdown in India\'s economic growth.

19/03/2013 (Bernama) - The Eastern Sabah Security Command (ESSCOM) will not only enhance security but also the economic development of northern Sabah, including Kota Marudu, said Science, Technology and Innovation Minister Datuk Seri Dr Maximus Ongkili.

19/03/2013 (Bernama) - Exciting projects such as the Pinewood Iskandar Malaysia Studios, to be completed in May, are creating new investment opportunities for bigger participation by Indonesian investors.