Archived News

01/08/2011 (IBN Live) - The Horticulture Department has decided to bring 40,000 hectares of additional land under oil palm cultivation in the state by the end of the current financial year. At present, the state is importing palm oil from other countries to supply it to people through the public distribution system.

01/08/2011 (Reuters) - Malaysia, the word\'s No.2 palm oil producer, will come up with a certification scheme to ensure the tropical oil is grown without clearing forests and destroying wildlife, a newspaper reported on Monday.

01/08/2011 (The Star) - IOI Corp Bhd's proposal to acquire 11,978ha of oil palm plantations in Sabah from a unit of DutaLand Bhd is part of the group's efforts to boost its plantation land bank and production efficiency.

01/08/2011 (The Australian) - ALTHOUGH the Malaysian government has signed up to an asylum-seeker deal with Australia, it has at the same time sent a minister to lobby against a parliamentary move he says threatens his country\'s biggest rural industry, palm oil.

01/08/2011 (Jakarta Globe) - Profits at some of the largest companies in Indonesia rose in the second quarter, boosting the case that the economy grew during that period.

29/07/2011 (Business Standard) - Crude palm oil prices fell further by Rs 8.60 per kg in futures trade today, largely in tandem with a weakening trend overseas amid adequate stocks in the spot markets.

29/07/2011 (Reuters) - Malaysian planter IOI Corporation Berhad said on Thursday that its subsidiary would buy 11,977.91 hectares of oil palm plantation land for 830 million ringgit ($282 million) to boost its land bank.

29/07/2011 (Bernama) - Malaysia as a whole, and Sabah in particular, are no longer destinations for cheap labour in the oil palm sector, said state Industrial Development Minister, Datuk Raymond Tan Shu Kiah.

29/07/2011 (Manila Buletin) – Authorities here told visiting officials from the Autonomous Region in Muslim Mindanao (ARMM) that Malaysia’s Federal Land Development Authority (FELDA) is in need of some 40,000 workers in its expanding palm oil farms, and that Filipinos are given preference.

29/07/2011 (The Star) - IOI Corp Bhd, through an indirect wholly-owned subsidiary, Sri Mayvin Plantation Sdn Bhd, has proposed to acquire 11,977.91ha of oil palm plantation land in Sabah from Pertama Land & Development Sdn Bhd for RM830mil.

29/07/2011 (Bloomberg) - Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of 4 p.m. Jakarta-time close.

28/07/2011 (The Star) - The proposed merger of AIC Corp Bhd, Jotech Holdings Bhd and AutoV Corp Bhd will be done via a share swap that would be priced at a slight premium over the last traded market prices of all three companies, a source close to the deal said.