Archived News

26/12/2012 (Reuters) - A Malaysian tycoon's 1.5 billion ringgit ($489.40 million) buyout offer for commodities firm Tradewinds Bhd underscores a privatisation drive in Southeast Asia as low share prices and cheap finance entice dealmakers to snap up assets.

25/12/2012 (Borneo Post) - Plantation operators must take steps to protect wildlife as many important sites for biodiversity lie close to or next to plantations, said Chief Minister Datuk Seri Musa Aman.

25/12/2012 (VibeGhana) - Three hundred and nineteen oil palm farmers of Goldfields Ghana, Tarkwa Mine operational area, have been awarded for their hard work.

25/12/2012 (New Straits Times) - The Sabah government wants to see more palm oil sector players in the state, including small estates, subscribing to the production of sustainably produced palm oil under the ambit of the Roundtable on Sustainable Palm Oil (RSPO).

25/12/2012 (The Star) - Palm oil on the European vegetable oils market firmed on Monday, supported by higher Malaysian futures, amid very thin activity as many participants took off the day before Christmas or worked a half day.

25/12/2012 (Global Times) - China, the biggest importer of Malaysian palm oil, will fully enforce its regulations on edible oil imports on January 1, 2013, a move viewed uneasily by exporters in Malaysia who fear it could spell trouble for the sector.

25/12/2012 (Economic Times) - There will be a glut of cooking oil in the first quarter of 2013 as a combination of brisk cheap imports and a bumper harvest of soya bean and rapeseed-mustard keep India oversupplied. Consumer prices are expected to remain stable but farmers may be disappointed by poor returns.

24/12/2012 (Reuters) - Malaysian palm oil futures climbed to a near one-month high on Monday as investors pinned hopes on next year's tight supply of competing soyoil shifting food demand to the tropical oil.

24/12/2012 (Jakarta Globe) - The Roundtable on Sustainable Palm Oil ordered Singapore-based First Resources palm oil company to stop clearing forests in East Kalimantan until conflicts with the local Dayak community are resolved, an environmental agency said on Friday.

24/12/2012 (Financial Express) - Edible oils rebounded to trade higher in the wholesale oils and oilseeds market during the past week on revival of buying by vanaspati millers and retailers amid a a firming global trend. A few oils in the non-edible section, also showed strength on increased offtake by consuming industries.

24/12/2012 (Borneo Post) - The US budget talks turned on Friday as Republican leaders cancelled one vote for higher tax on top earners. Stocks declined amid rising dollar.

24/12/2012 (Bloomberg) - Palm oil climbed to the highest level in almost four weeks on speculation that demand will gain in China, the world’s biggest cooking oil buyer, and reduce record inventories in Malaysia, the top producer after Indonesia.