Archived News

02/08/2011 (Jakarta Globe) - Indonesia, the world’s largest palm oil producer and exporter, could lower the maximum export tax rate by this month, a small concession by Jakarta to a powerful industry lobby that says the duty structure hurts trade.

02/08/2011 (Natural Products Marketplace) - Justin's—an organic, all-natural nut butter provider—is working with the Cheyenne Mountain Zoo (CMZ) to raise awareness regarding the timely issue of producing and using sustainable palm oil. Both members of the Roundtable on Sustainable Palm Oil (RSPO), Justin’s is including the new CMZ logo for Orangutan Friendly Palm Oil on its squeeze packs hitting shelves July 2011. The new logo will make it easier for consumers to identify products manufactured with sustainable palm oil.

02/08/2011 (Jakarta Post) - Indonesia will likely see exports breaching a record-high of US$200 billion this year, and the trade deficit with China continuing to decrease, the Central Statistics Agency (BPS) has said in response to first half export-import results.

02/08/2011 (Bernama) - Malaysian companies considering to participate in the upcoming three-day "Showcase Malaysia-Mumbai" exhibition beginning October 12 will benefit from the recent implementation of the Malaysia India Comprehensive Economic Agreement (MICECA) as well as India's high economic growth rate of 8.5 per cent.

02/08/2011 (The Star) - Lestari Pasifik Bhd, in an unprecedented joint venture with Russian company Arter Group, is expecting to receive project financing from the Chinese government to build bio-refinery plants in Malaysia and Indonesia to produce biofuel from second generation bioethanol.

02/08/2011 (Bloomberg) - Palm oil gained for the first time in three days, joining a rally in commodities and stocks, after President Barack Obama said Congressional leaders reached an agreement to raise U.S. debt ceiling, avoiding a default.

02/08/2011 (Borneo Post) - The Palm Oil Industrial Cluster (POIC) here will be equipped with three ports in phases one, two and three.

02/08/2011 (Business Green) - The Malaysian government is reportedly developing its own certification scheme for palm oil plantations that meet environment standards and do not contribute to deforestation, potentially drawing the country into conflict with the existing certification scheme operated by the Roundtable on Sustainable Palm Oil (RSPO).

01/08/2011 (Daily News) - State Industrial Development Minister Datuk Raymond Tan Shu Kiah said Sabah missed the golden opportunity to expand its timber industry but will not make the same mistake with oil palm.

01/08/2011 (Bernama) - Sabah earned RM13.56 billion in revenue from 5.136 million tonnes of palm oil produced last year, hence emerging as a leading agricultural force and an important contributor to the state's Gross Domestic Product, says Chief Minister Datuk Seri Musa Aman.

01/08/2011 (Commodity Online) - Roundtable on Sustainable Palm Oil through its new trademark decision has suggested in a clear manner that it means business: sustainable business.

01/08/2011 (Bernama) - MIC today proposed that the Economic Planning Unit (EPU) set up a high-powered committee to work on short and long term plans for the Indian community.