Archived News

26/09/2011 (Borneo Post) - Mounting global economic uncertainties have put pressure on crude palm oil (CPO) demand as slower gross domestic product (GDP) in major palm oil consuming countries threaten the worldwide consumption of CPO.

26/09/2011 (Guardian.co.uk) - Bioenergy describes any energy source based on biological matter – everything from an dung cooking fire or a biomass power station to ethanol-based car fuel. Unlike oil, coal or gas, bioenergy counts as a renewable energy option, because plant and animal materials can be easily regenerated. At present, bioenergy accounts for the majority of renewable energy produced globally.

26/09/2011 (The Star) - Deputy Prime Minister Tan Sri Muhyiddin Yassin Friday launched the Universiti Kebangsaan Malaysia-Yayasan Sime Darby (UKM-YSD) chair for sustainable development of zero waste technology for the palm oil industry at UKM here.

26/09/2011 (The News International) - Within seven days of finance minister Dr Hafeez A Sheikh’s announcement that Pakistan has decided to abandon the IMF’s current $11.3 billion programme with effect from September 30, the country’s public debt has increased by Rs60 billion due to increased dollarisation amid fears of rise in inflation in the days to come.

29/6/2011 (Jakarta Globe) - Local investors saved the day on Friday, a day after Indonesia’s benchmark stock index posted its biggest decline in three years.

26/09/2011 (India Infoline.com) - Domestic edible oilseeds complex traded mixed in the afternoon session with RSO and CPO futures extended the early losses on the back of weak global markets. Despite the weak US Soya complex, the NCDEX Soybean futures bounced back on strong covering at technically strong support levels.

26/09/2011 (Bernama) - Felcra Berhad has allocated RM85 million as payment in dividends to its 18,000 members in Pahang this year.

23/09/2011 (Bloomberg) - Pakistan, the world’s third-largest buyer of palm oil, may boost purchases from Indonesia next year after it agreed to slash a tax on imports under a free-trade treaty, reducing dependence on Malaysia.

23/09/2011 (Gulf News) - Palm oil dropped the most in more than six weeks after the Federal Reserve signalled "significant downside risks" to the US economy, raising concerns that global demand for commodities may weaken.

23/09/2011 (Bloomberg) - Sime Darby Bhd. (SIME), the world’s biggest publicly listed palm-oil producer, expects harvests from its plantations in Malaysia and Indonesia to climb in the year to June as yields improve.

23/09/2011 (Economic Times) - In a fresh twist to the palmolein import case, senior IAS officer and Special Director-General of the Commonwealth Games Organising Committee, Jiji Thomson, has petitioned the Kerala HC to quash a vigilance special court directive ordering fresh investigation into the case, specifically to probe the role of Chief Minister Oommen Chandy in the case.

23/09/2011 (Tempo Interactive) - Bilateral trade between Indonesia and Pakistan within the Preferential Trade Agreement (PTA) is expected to show a real impact on palm oil production. “We will gain an additional income of more than US$1 billion from branded cooking oil exports to Pakistan,” said Trade Deputy Minister Mahendra Siregar on Wednesday.