Archived News

15/09/2012 (Bernama) - Malaysia has to clear misconceptions on the palm oil industry, especially among the French, in relation to its health, nutritional outcomes, environment and sustainability standards.

15/09/2012 (The Nigerian Observer) - Edo State Governor, Comrade Adams Oshiomhole yesterday said that to sustain the urban renewal programme of the state government, focus will shift this second tenure to expanding the economy of the state and its Gross Domestic Product (GDP).

14/09/2012 (Reuters) - Malaysian palm oil futures dropped on Thursday on expectations of output rising this month that could lead to a stock build-up, although losses were limited by expectations of strong Asian demand and tight supply of competing soyoil.

14/09/2012 (Reuters) - Palm oil planter TH Plantation Bhd, a 59.08 percent subsidiary of Malaysia's national pilgrim fund Tabung Haji, plans to issue a 1.5 billion ringgit ($488.20 million) Islamic bond with a tenure of 15 years.

14/09/2012 (Jakarta Globe) - The Industry Ministry says $3 billion will be invested in Indonesian downstream businesses in the palm oil sector in the next two years, claiming tax policies to attract entrepreneurs to the processing component of the industry and discourage crude palm oil exports are showing signs of success.

14/09/2012 (Daily Times Nigeria) - The Ministry of Agriculture and Rural Development, on Wednesday, signed a memorandum of understanding with small scale farmers' associations in 2012 oil palm plantation.

14/09/2012 (The Inquirer) - Sime Darby Plantation Liberia (SDPL) Inc. has vehemently denied any allegations on impropriety in their relations with Counsellor Alfred Brownell and Green Advocates. In a statement issued yesterday, the company said this was in response to the statement made by the Hon. 1 Milton Teahjay, Superintendent of Sinoe County on ELBC radio, on Monday 03 September 2012.

14/09/2012 (Borneo Post) - Sarawak Oil Palms Bhd’s (SOP) agreement to purchase of the remaining 40 per cent and 35 per cent equity interests in its own subsidiaries, SOP Beluru and SOP Kemena, has been viewed positively as the immature planted landbank will offer increased earnings in the years to come.

14/09/2012 (Jakarta Post) - Indonesia’s failure during the recent Asia-Pacific Economic Cooperation (APEC) meeting to include crude palm oil (CPO) in the list of 54 environmental goods and services, which are subject to a 5 percent customs duty cut by 2015, does not necessarily constitute a diplomatic flop.

14/09/2012 (Bloomberg) - PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 10,000 metric tons of 15,500 tons of the commodity it offered at an auction in Jakarta.

13/09/2012 (Reuters) - Malaysia crude palm oil futures edged up on Wednesday after Germany's top court backed a euro zone bailout fund, raising hopes that the debt crisis will not spread further and hurt global economic growth.

13/09/2012 (Borneo Post) - Sarawak Oil Palm Bhd (Sarawak Oil Palm) yesterday announced the proposed acquisition of the remaining 40 per cent and 35 per cent equity interest not already held by the company in SOP Plantations (Beluru) Sdn Bhd (SOP Beluru) and SOP Plantations (Kemena) Sdn Bhd (SOP Kemena) from Shin Yang Holdings Sdn Bhd.