Archived News

24/10/2011 (The Star) - Plans are afoot for Johor Corp (JCorp) to inject some property assets into its 58% listed subsidiary Damansara Realty Bhd (DRealty), in a move aimed at unlocking value for both entities, reliable sources said.

24/10/2011 (Daily Auto News) - A recent study done by Pike Research indicates the fact that the market for biofuel will grow to double the current size in just 10 years. Forecasts show the value will rise to a global value of 183.3 billion dollars by 2021. This represents a major increase from today´s value of 82.7 billion dollars.

24/10/2011 (Business Recorder) - The Federal Cabinet is all set to approve the 'Preferential Trade Agreement' (PTA) with Indonesia, with the main beneficiary purportedly being edible oil importers.

24/10/2011 (Borneo Post) - Commodity prices turned up on Friday on optimism that European Union is planning to fight debt crisis.

24/10/2011 (Reuters) - Malaysian palm oil futures inched up on Friday as investors waited for a weekend meeting of euro zone leaders for signs of resolving the region\'s debt crisis that could plunge the world into recession if left unchecked.

24/10/2011 (Jakarta Globe) - The Indonesian government has lowered the crude palm oil (CPO) export tax for November to 15 percent, from 16.5 percent in the previous month due to declining global prices over the past month, a source at the industry ministry told Reuters on Friday.

24/10/2011 (Vanguard) - Gov. Liyel Imoke of Cross River has announced plans by his administration to establish a palm oil refinery that will employ some 7,000 workers.

24/10/2011 (The News International) - Malaysian investors have been urged to expand trade agreement with Pakistan beyond exporting palm oil and consider purchase of textile, rice, vegetable and fruits, an official said.

24/10/2011 (Business Times) - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see range trading next week with sentiment remaining cautious against a backdrop of surplus stock and slow demand.

24/10/2011 (China Daily) - Trade between China and Malaysia is set to reach a new high of $100 billion by 2015.

24/10/2011 (Business Recorder) - Palm oil output at Indonesia's Bakrie Sumatera will rise by more than 35 percent this year to 300,000 tonnes, Ambono Janurianto, chief executive at the planter, said on Thursday Earlier this year, the Bakrie Group's agricultural unit forecast 2011 output at 280,000 tonnes compared with 220,000/230,000 tonnes last year.

24/10/2011 (Economic Times) - Godrej Consumer Products plans to raise soap prices by about 10 percent in the remaining months of the current fiscal on costly palm oil, its Chairman said on Friday.