Archived News

18/05/2011 (The Star) - Four plantation companies saw their net profits increased by leaps and bounds for the first three months of this year due to higher crude palm oil (CPO) prices despite lower fresh fruit bunches (FFB) production.

18/06/2011 (Business Daily Africa) - A shortage of cooking oil appears to be looming as manufacturers send mixed signals about the fate of a hijacked ship that was carrying the entire industry’s shipment of palm oil-— the key raw material used for making the product.

18/05/2011 (Myanmar Times) - Newly introduced measures to bring palm oil prices down appear to be failing, with palm oil traders at the Bayintnaung Wholesale Commodity Exchange Centre in Yangon reporting stock shortages and rising prices last week.

18/05/2011 (The Borneo Post) - The plantation industry and its related players could shift the risks in crude palm oil (CPO) business through hedging by making full use of the price fluctuation opportunities in the market despite it going up or down on the trading board.

18/05/2011 (Startupsmart) - A growing opportunity for Australian green energy start-ups exists in Malaysia due to the size of the country’s palm oil industry, according to the Australian Institute of Commercialisation.

18/05/2011 (Ghana News Agency) - The Benso Oil Palm Plantation (BOPP) Limited has declared a total dividend of GH¢1.87 million following a profit after tax of GH¢2.67 million posted in 2010.

18/05/2011 (Antara News) - The government has temporarily stopped allowing foreign investors to develop new oil palm plantations so as to give opportunities to local businessmen, Forestry Minister Zulkifli Hasan said.

18/05/2011 (The Star) - Growth concerns and inflationary pressure continue to plague the commodity markets, which are experiencing the worst rout since 2008 when the subprime crisis came to a head.

18/05/2011 (Borneo Post) - Glenealy Plantations Bhd (Glenealy), an upstream planter, is expected to register strong production growth at least for the next few years in view of its young age profile and further expansion plans in Indonesia.

16/05/2011 (Borneo Post) - Malaysia and Indonesia will finalise the proposal to set up a European palm oil council (Epoc) by yearend to more effectively address negative publicity on palm oil in the European Union (EU).

16/05/2011 (The Star) - Despite the strengthening of the ringgit against the US dollar, the current CPO price of about RM3,300 per tonne is still good for local oil palm companies.

16/05/2011 (Bernama) - Renowned members of the Global Science and Innovation Advisory Council (GSIAC), which will be set up here next week, will provide valuable input and a fresh perspective to uplift Malaysia\'s economy by hastening innovation, leveraging on the nation\'s strength in information and communications technology and improving science and engineering education and skills.