Archived News

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.

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.