Archived News

14/08/2012 (Borneo Post) - As the one-stop authority in driving the Sabah Development Corridor (SDC), Sabah Economic Development and Investment Authority (Sedia) has been aligning ‘hard and soft’ infrastructure as per the requirements of the promoted sectors.

13/08/2012 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives declined this week due to the rising palm oil stocks in July and the improved weather condition in US.

13/08/2012 (Business Recorder) - A cargo volume of 77,675 tonnes comprising 64,960 tonnes of import cargo and 12,715 tonnes of export cargo inclusive 1,372 loaded & empty containers (TEUs) was handled at Port Qasim during last 24 hours on Saturday. The total import cargo of 64,960 tonnes includes 47,605 tonnes of furnace oil; 11,264 tonnes of palm oil; 782 tonnes of project cargo; 833 tonnes of chemicals; 3,500 tonnes of fertiliser and 976 tonnes of containerised cargo.

13/08/2012 (Jakarta Post) - New central government regulations will allow mining and palm oil plantation companies with regional licenses to buy their concessions in state-controlled forests.

13/08/2021 (The Nation) - Thailand's transport sector depends largely on diesel, despite the penetration of cleaner energy like natural gas for vehicle (NGV). Diesel now accounts for 55 per cent of fuel consumed by the transport sector, according to the Energy Ministry.

13/08/2012 (Jakarta Post) - PT Perkebunan Nusantara III (PTPN III) plans to sell Rp 10 trillion (US$1.06 billion) worth of bonds by the end of this year after its transformation into a holding company of all state-owned plantation companies to finance the holding’s business development.

13/08/2012 (Bloomberg) - Cooking-oil purchases by India, the world’s biggest consumer after China, probably fell for the second straight month in July after refiners slowed purchases to pare domestic stockpiles.

13/08/2012 (Jakarta Globe) - When four men were sentenced to eight months in jail in March for the “murder” of orangutans, it was the first time that people associated with Indonesia’s booming palm oil industry were convicted for killing man’s close relations in the primate family.

13/08/2012 (Indian Express) - Select edible oil prices rose by Rs 50 per quintal in the wholesale oils and oilseeds market today on local buying.

13/08/2012 (The Star) - Crude palm oil (CPO) futures market is expected to experience technical correction this week following the uncertain price movement this week, dealers said.

11/08/2012 (Reuters) - India's refined palm oil imports are expected to have fallen in July for the second month in a row as importers feared the world's top vegetable oil buyer would raise duties on purchases to cut cheap supplies from Indonesia, a Reuters survey showed.

11/08/2012 (Reuters) - Fitch Ratings has assigned India-based palm oil refiner Pandi Devi Oil Private Limited (PDO) a National Long-Term rating of 'Fitch B+(ind)'. The Outlook is Stable. A list of additional rating actions is provided at the end of this commentary.