Archived News

29/06/2012 (Bernama) - The mushrooming property sector in the Palm Oil Industrial Cluster (POIC) in Lahad Datu shows the cluster is becoming successful, said Sabah Industrial Development Minister Datuk Raymond Tan Shu Kiah.

29/06/2012 (Bernama) - The overwhelming response towards the listing of Felda Global Ventures Holdings Bhd (FGV) today clearly signalled the long-term confidence of locals in Malaysia's oil palm industry, says Tan Sri Bernard Dompok.

29/06/2012 (Bernama) - The government will host a roundtable discussion with the private sector, especially plantation industry players, on the details of a proposal to export excess oil palm seeds, says Minister of Plantation Industries and Commodities Tan Sri Bernard Dompok.

29/06/2012 (Bernama) - Prime Minister Datuk Seri Najib Tun Razak said the listing of Felda Global Ventures Holdings Bhd (FGH) on Bursa Malaysia today will generate potential wealth that will be distributed to more than 112,000 Felda settlers.

29/06/2012 (Bernama) - Share prices on Bursa Malaysia rebounded to trade higher this morning with finance and palm-oil related counters lending support.

29/06/2012 (Borneo Post) - Industrial Development Minister Datuk Raymond Tan Shu Kiah stressed that the Palm Oil Industrial Cluster (POIC) development is on track and making good progress.

28/06/2012 (Reuters) - Malaysian crude palm oil futures edged down on Wednesday as investors bet a summit of European leaders later this week is unlikely to resolve the region's lingering debt crisis soon.

28/06/2012 (4-traders) - Biopalma da Amazônia S.A., a Vale company in partnership with the MSP Group, today opens its first palm oil extraction plant, located in the municipality of Moju,150 km from Belém, in the Brazilian state of Pará. The plant is the first of two units to be built to extract oil from the fruit. An industrial plant will also be built to transform the oil into biodiesel starting 2015. Total investment is US$ 500 million.

28/06/2012 (Hindu Business Line) - The State-owned trading firms STC and PEC have invited bids for importing 12,000 tonnes of palm oil and 5,000 tonnes of soyabean oil.

28/06/2012 (The Star) - Felda Global Ventures Holdings Bhd's (FGV) listing today will be a closely-watched affair by the world and, going by expectations of fund managers and analsyts, the share price of the world's second largest listing this year is expected to perform well in the short to medium term.

28/06/2012 (The Star) - TSH Resources Bhd hopes to create more value via economies of scale through integrating with Pontian United Plantations Bhd (PUPB), a public but unlisted plantation firm.

28/06/2012 (The Sun Daily) - Crude palm oil (CPO) prices may have hit bottom at current level of RM2,850 per tonne, said Kenanga Research analyst Alan Lim Seong Chun who is maintaining his average CPO price prediction of RM3,200 per tonne for 2012.