Archived News
22-09-2011
Resurgent Sime Darby lifts KLCI
22/09/2011 (The Edge Malaysia) - The FBM KLCI bounced at the mid-day break on Wednesday, Sept 21, lifted by gains at select blue chips including a resurgent Sime Darby, in line with the gains at most key regional markets.
22-09-2011
Unilever May Resume Buying Sinar Mas Palm Oil
22/09/2011 (Jakarta Globe) - Unilever Indonesia, the country’s largest listed consumer goods maker, may resume purchasing crude palm oil from Sinar Mas Agro Resources and Technology following an 18-month halt after the palm oil producer made improvements to abide by Unilever’s guidelines for responsible environmental practices.
22-09-2011
RSPO Supports Dutch Industry Call To Abolish Palm Oil Import Duty
22/09/2011 (Bernama) - The Roundtable on Sustainable Palm Oil (RSPO) supported the Dutch oil and fats industry's call for the European Union to abolish the import duty on sustainable palm oil.
22-09-2011
Sime Says Eastern and Oriental Acquisition May Boost Earnings
22/09/2011 (Bloomberg) - Sime Darby Bhd. (SIME), the world’s biggest publicly traded palm oil producer, said the acquisition of a 30 percent stake in Malaysian property developer Eastern and Oriental Bhd. may boost earnings.
22-09-2011
Pelita Signs NCR Land Devt MoUs With Five Investors
22/09/2011 (Borneo Post) - In an effort to develop the native customary rights (NCR) lands in Sarawak, memoranda of understanding (MoUs) were signed between Pelita Holdings Sdn Bhd (Pelita) and five other major investors, to develop the lands into a new concept of oil palm plantations.
21-09-2011
Malaysian Palm Oil Council Urges Aussie Parliament To Reject Bill
21/09/2011 (The Star) - Malaysian Palm Oil Council (MPOC) has urged the Australian Parliament to reject the Food Standards Amendment (Truth in Labelling - Palm Oil) Bill 2010.
21-09-2011
Barito Pacific in $50m Diversifying Move Into Palm Oil, Coal Mining
21/09/2011 (Jakarta Globe) - Following similar recent moves by other firms, Barito Pacific, a holding company with petrochemical, wood and property development businesses, has set aside $50 million to expand into crude palm oil and coal mining.
21-09-2011
Golden Agri Scheme Gains Traction
21/09/2011 (Financial Times) - Flayed by environmentalists, denounced by animal lovers and abandoned by western consumer products groups, Indonesia’s Golden Agri-Resources ought to be on its knees. So why is the country’s biggest palm oil producer by sales achieving soaring sales and record profits?
21-09-2011
Up Import Duty on Refined Palmolein To 16.5%: SEAI To Govt
21/09/2011 (Moneycontrol.com) - Complaining against Indonesia's move to raise the export duty on crude palm oil (CPO) to 16.5%, Indian vegetable oil manufacturers and traders today sought similar import duty on refined Palmolein (RBD).
21-09-2011
Higher Compounds, Fines May Stop River Pollution – BORA
21/09/2011 (Borneo Post) - Higher compounds and fines may be more effective in stopping recalcitrant palm oil mills that continually flout environmental laws and release high levels of pollution into the rivers.
21-09-2011
Indonesia Raises Palm Oil Export Tax To 16.5% For October
21/09/2011 (Bloomberg) - Indonesia raised the tax rate for crude palm oil exports for October to 16.5 percent from 15 percent this month and kept the duty for cocoa bean exports at 10 percent, Deddy Saleh, director general for foreign trade at the Trade Ministry, said by mobile-phone text message today.
21-09-2011
Exim Bank Evaluates RM500m in \'Green\' Loans
21/09/2011 (The Sun Daily) - Export-Import Bank of Malaysia Bhd (Exim Bank) is evaluating loan applications close to RM500 million for green technology projects in sync with the government’s call for financial institutions to support such projects.