Archived News

20/03/2012 (Business Recorder) - Malaysian palm oil futures ended lower on Monday as investors booked profits on concerns the market was overbought, although losses were capped by upbeat demand prospects and soybean supply fears in drought-hit South America.

20/03/2012 (Bloomberg) - Oilseed production in India, the world’s largest palm oil importer, may climb 2.3 percent this year on bigger harvests of soybeans and peanuts, the Central Organization for Oil Industry and Trade said.

20/03/2012 (Hindu Business Line) - Imported palmolien and soya oil extended gains by Rs 4 for 10 kg each on Monday as Malaysian markets turned bullish and local refiners increased quotations on higher import costs. In the past four days, both oils have risen by Rs 16 and Rs 12.

20/03/2012 (Business Recorder) - The Karachi Port handled 103,441 tonnes of cargo comprising1 74,453 tonnes of import cargo and 28,988 tonnes of export cargo including 5,738 loaded & empty containers during last 24 hours ended at 0700 hours on Monday.

20/03/2012 (Bernama) - A business delegation from the state of Rheinland-Pfalz, Germany, is in Malaysia for a three-day visit to explore the potential of the Malaysian market for investments, joint-ventures and other forms of business cooperation.

19/03/2012 (The Star) - The prospects of industrial product firms are looking bright this year.

19/03/2012 (Daily Express) - The Halatuju of the State Government will play a little role in economic development as other key economic growth areas which are crucial remain unattended here, claimed Sabah Progressive Party (SAPP) President Datuk Seri Yong Teck Lee.

19/03/2012 (Business Recorder) - The Federal Board of Revenue (FBR) has decided to scrutinise the tax record of ghee and cooking oil manufacturers in cases they have already claimed proportionate input tax adjustment of the federal excise duty (FED) paid at import stage against the output sales tax of Palm Fatty Acid/soap to ascertain actual tax adjustment claimed by them.

19/03/2012 (Business Recorder) - Abnormal behaviour in price fluctuation was not frequent on the wholesale commodity markets though changes were marked under impact of buyers interest.

19/03/2012 (Borneo Post) - Boustead Holdings Bhd’s plan to dispose its plantation in Sumatra will see the company focusing on increasing the yield of its plantations in Malaysia, said its deputy chairman and group managing director Tan Sri Lodin Wok Kamaruddin.

19/03/2012 (The Hindu Business Line) - The Union Budget identifies agriculture as one of the sectors which has shown a growth of 2.5 per cent in the current year. The Union Budget clearly establishes supply chain bottlenecks as one of the key issues in agriculture and one of the primary reasons for demand-supply gap and inefficiencies in post harvest distribution.

19/03/2012 (Vanguard) - Regular meetings of the National Council of Agriculture and Rural Development have always been an opportunity for state commissioners in charge of agriculture in the country to meet yearly.