Archived News

30/08/2012 (Manila Standard Today) - Palm oil producers are seeking government protection against the surge of undervalued imports that affected the prices of their production.

30/08/2012 (The Star) - Sime Darby Bhd is working towards expanding its landbank of oil palm trees to more than one million hectares, by expanding in Africa and Indonesia.

30/08/2012 (Reuters) - Malaysia's Genting Bhd , a gaming-to-property conglomerate, said net profit fell 20.6 percent in the second quarter on lower contributions from its Singapore gaming unit and palm oil business.

30/08/2012 (Bloomberg) - Indonesia will cut its tax on exports of crude palm oil to 13.5 percent in September, the lowest rate this year, from 15 percent this month as prices of the commodity declined.

30/08/2012 (THISDAY Live) - Malaysian palm oil giant, Wilmar Nigeria Limited, has been advised to manage the Ibiae and Calaro Oil Palm Estates in Cross River State successfully, to generate revenue and create 900 jobs for youths of the host communities.

30/08/2012 (4-traders) - Sime Darby Bhd. (4197.KU), a Malaysian plantation-to-healthcare conglomerate, plans to increase capital spending to as much as 7.75 billion ringgit ($2.48 billion) for the 2013 fiscal year, optimistic of long-term demand for its edible oil and industrial equipment after profit hit record high a year earlier.

30/08/2012 (The Star) - Kuala Lumpur Kepong Bhd's (KLK) earnings fell 46.1% to RM233.08mil in the third quarter ended June 30, 2012 from RM432.76mil a year ago as plantations profit fell by more than half.

30/08/2012 (Business Times) - Sime Darby Bhd, the world’s biggest listed palm-oil producer, is planning its first multi-currency Islamic bond program of as much as US$1.5 billion in Malaysia to raise funds for capital expenditure.

29/08/2012 (Reuters) - Malaysian crude palm oil futures slid on Tuesday as investors took profit after the market hit a six-week high the previous session, with traders watching for a big stocks build-up to weigh on prices.

29/08/2012 (The Star) - Felda Global Ventures Holdings Bhd (FGVH) made a net profit of RM188.4mil, or 5.20 sen per share, for its second quarter ended June 30, 32.5% lower than the net profit of RM279.3mil, or 15.80 sen per share, for the same period a year earlier.

29/08/2012 (Borneo Post) - The agriculture sector, including fisheries and livestock, contributed 8 per cent to Sarawak’s economy last year with revenue totalling RM4 billion.

29/08/2012 (Bernama) - Only two months after listing, Felda Global Ventures Holdings Bhd (FGV) has declared interim dividends of 5.5 sen per share amounting to a payout of RM400 for each of the settler.