Archived News

14/11/2011 (Bloomberg) - Palm oil may climb to 4,000 ringgit ($1,277) by the end of the first half, the highest since 2008, as output slows in Indonesia and Malaysia amid “buoyant” demand, said Dorab Mistry, director of Godrej International Ltd.

14/11/2011 (The Star) - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to continue their uptrend this week driven by positive sentiments.

14/11/2011 (PACE) - NewEnergy will construct a major waste material processing facility in Malaysia which will recover palm oil from waste material in the palm oil refining process.

14/11/2011 (The Star) - The Roundtable on Sustainable Palm Oil (RSPO) has appointed Prof Dr Bungaran Saragih as its new advisor in Indonesia, after having sought the best candidate for almost a year.

14/11/2011 (Fiji Times) - People are being urged to be vigilant when buying cooking oil and to double check the quality of what they buy.

14/11/2011 (Pakistan Observer) - Four ships arrived at Port on Friday 11th November, 2011, carrying Containers at QICT, Project Cargo at MW-2, Paraxylene at EVTL. Berth occupancy was maintained at 71% at the Port on Friday where a total of ten ships namely MV AL Mirqab, MV MSC Anafi, M.V STX Bright, M.V Alexi-1, M.T Asphalt Merchant.MT Bunga Laurel, M.T Olympic Serenity, M.T DL- Violet, M.V Kiran Africa, M.V Safina-II are currently occupying berths to load/offload rice, cement, containers bitumen, palm oil. furnace oil, paraxylene, sun flower seed was handled at Port last 24 hours.

14/11/2011 (Himalayan News Service) - Malaysian companies are signing atleast four memorandums of understanding to increase bilateral trade.

14/11/2011 (The Star) - The United States and its eight Trans-Pacific Partnership allies have agreed to complete the broad outlines of the free trade agreement by July next year.

11/11/2011 (Jakarta Post) - When the government raised the prices of fuels in 2008, there was a hype among policy makers and energy experts for an immediate need to develop alternative and renewable energy resources.

11/11/2011 (The Nation) - An entrepreneur, Mr Emmanuel Odigie, has urged the Edo State government to encourage farmers to go into rubber, palm produce and cassava cultivation, among others, by providing land, funding and modern equipment.

11/11/2011 (Business Times) - IOI Corp, Malaysia’s second-biggest palm oil producer, will invest RM130 million on a new oleochemicals facility by 2013, the government said in a statement today. It will build a new fatty ester and speciality oleo derivative production center with a capacity of 20,000 metric tons per year at Prai Industrial Complex in Penang, it said. -- Bloomberg

11/11/2011 (The Star) - Sime Darby Bhd reiterated it does not have any immediate plan to increase its 30% stake in luxury lifestyle property developer, Eastern & Oriental Bhd (E&O).