Archived News

16/05/2012 (The Star) - Felda has made its first steps in establishing a global presence in conjunction with its initial public offering (IPO), seen as South-East Asia's third largest so far.

16/05/2012 (BBC News) - Stockpiles of Malaysia's most important export, palm oil, have fallen to their lowest level in a year because of subdued demand.

16/05/2012 (The Observer) - An early morning drizzle on a chilly Sunday morning on Bugala island in Lake Victoria creates a perfect scenario to debate the red flags raised by a section of environmentalists over the oil palm project. These environmentalists accuse the project for the increasing environmental degradation of the island.

16/05/2012 (GhanaWeb.com) - Profits from the Benso Oil Palm Plantation Limited (BOPP) amounted to GH¢9.59 million last year compared to the GH¢2.267 million it recorded in 2010.

16/05/2012 (The Star) - The progress update in relation to smart communities and Digital Malaysia will dominate discussions at the 2nd meeting of the Global Science and Innovations Advisory Council (GSIAC) to be chaired by Prime Minister Datuk Seri Najib Tun Razak today.

15/05/2012 (Reuters) - Malaysian palm oil futures suffered their sharpest fall in more than a year on Monday, closing at a three-month low as failed talks to form a new Greek government heightened fears about the euro zone's debt crisis.

15/05/2012 (Reuters) - Commodities group Louis Dreyfus has agreed to take a minority stake in Malaysian palm oil firm Felda, it said on Monday, adding that it was conditional on a successful June stock market float for Felda.

15/05/2012 (Hindu Business Line) - Trading was dull in the edible oils market as traders turned cautious. Imported palmolein declined sharply by Rs 8 for 10 kg in line with drastic fall in Malaysian markets, while soyabean refined oil rose by Rs 5 despite fall in domestic futures market. Rapeseed-Mustard oil prices were up by Rs 5. Groundnut oil dropped by Rs 10 and sunflower oil eased by Rs 5.

15/05/2012 (The Star) - Crude palm oil (CPO) futures hit a three month low to RM3,173 on Bursa Malaysia Derivatives as concerns on the global economic slowdown and weak palm oil demand continue to worry investors.

15/05/2012 (FoodNavigator.com) - The Roundtable on Sustainable Palm Oil (RSPO) has lent its backing to the WWF's Palm Oil Investor Review 2012.

15/05/2012 (Bernama) - Contracts worth about US$85 million is expected to be concluded during the 2012 Palm Oil Exhibition (Palmex) in Sandakan beginning May 23.

15/05/2012 (The Star) - IOI Corp Bhd is hiring Citigroup Inc, HSBC Holdings Plc, Mitsubishi UFJ Securities Holdings Co and Morgan Stanley to arrange meetings with bond investors, Reuters reported.