Archived News

31/05/2012 (Bloomberg) - Felda Global Ventures Holdings Bhd. may raise as much as 10.2 billion ringgit ($3.2 billion) in an initial public offering in Kuala Lumpur, two people with knowledge of the matter said.

31/05/2012 (Hindu Business Line) - Imports of sensitive items, including fruits, vegetables and edible oils, went up by 40.9 per cent year—on—year to Rs 92,574 crore during April—February last fiscal.

31/05/2012 (Reuters) - Malaysian Prime Minister Najib Razak will unveil on Thursday the $3 billion listing of palm oil giant Felda Global, paving the way for Asia's largest initial public offering so far this year that could also lift his chances of winning a national election.

30/05/2012 (Bloomberg) - Palm oil climbed for a fourth day to the highest level in two weeks as rising exports from Malaysia, the second-largest producer, signaled a surge in demand ahead of the Muslim fasting month of Ramadan.

30/05/2012 (Reuters) - Malaysian palm oil futures climbed to a near two-week high on Tuesday as investors cited a rebound from a sell-off on the euro zone debt crisis, while expectations of dry weather conditions in soybean-growing regions in the United States also supported prices.

30/05/2012 (Bloomberg) - PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 11,000 metric tons of the 12,500 tons it offered at an auction in Jakarta.

30/05/2012 (Bernama) - Bilateral trade and investment numbers between Malaysia and the Philippines are expected to grow steadily as both nations embark on new areas of collaborations such as in the halal industry.

30/05/2012 (Bloomberg) - PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of the 9,000 metric tons of palm oil it offered at an auction in Jakarta.

30/05/2012 (Jakarta Globe) - IOI Corp., which now has 3 billion ringgit ($951 million) in cash reserves, is on the prowl to acquire more oil palm estates in Indonesia.

30/05/2012 (Jakarta Post) - One of Indonesia’s leading conglomerates, the Bakrie Group, is planning to invest up to US$1 billion in Nigeria within the next five years through a joint venture company formed with British-Nigerian entrepreneur Ladi Delano.

29/05/2012 (Bloomberg) - Palm oil climbed for a third day on speculation that demand may increase ahead of the Muslim fasting month of Ramadan and as Greek opinion polls showed voters backing parties that support the European Union’s bailout.

28/05/2012 (Borneo Post) - Sarawak Plantation Bhd (SPB), one of the pioneer players in the oil palm industry stock saw its earnings wihin expectations despite ongoing liquidity issues.