Archived News

24/05/2011 (Daily Times) - Manufacturers of ghee and cooking oil have made pre-budget increase in ghee and cooking oil rates.

24/05/2011 (Jakarta Globe) - In a move seen by critics as a sign of the government’s waning drive to save the nation’s forests, President Susilo Bambang Yudhoyono recently added the phrase “pro-business” to his strategy for achieving sustainable development.

24/05/2011 (Jakarta Post) - American consumer goods giant Procter & Gamble Company (P&G) is exploring opportunities to invest in Indonesia’s downstream palm oil industry to ensure a sustainable supply for its fatty alcohol needs.

24/05/2011 (The Nation) - Famous industrialist, chairman Pakistan Edible Oil Refiners Association (PEORA) and former president Faisalabad Chamber of commerce and industry Mian Muhammad Hanif has proposed to the federal government some suggestions for the upcoming federal budget 2011-12 that levy withholding Tax on Imported Edible Oils in the PTR Mode. “The structure of income tax applicable on Edible Oil and Vegetable Ghee industries before 30th June 2009 would be as on import of raw material at 2% us 148(8) and as final discharge of liability.”

24/05/2011 (The Star) - The state Wildlife Depart­ment and several NGOs have combined forces to repair a rope bridge across the Sungai Takala to enable the orang utan to move about in Sabah’s east coast lower Kinabatangan region.

24/05/2011 (Borneo Post) - Kuala Lumpur Kepong Bhd (KLK) will continue to be on the lookout for buyers for its non-core businesses, which include its parquet, soap, nutraceuticals and rubber gloves operations, although the group admitted that it is not easy to find buyers at the ‘right’ place.

24/05/2011 (IBN Live) - With the Integrated Tribal Development Agency (ITDA) deciding to go for oilpalm cultivation for the first time in the State, the tribal welfare department has started identifying the potential places in agency areas of the district.

24/05/2011 (Yale Environment 360) - Nearly two-thirds of West Africa’s remaining rainforests are in the small but troubled nation of Liberia. That is a small miracle. A decade ago, Liberia’s forests were being stripped bare by warlords to fund a vicious 14-year civil war that left 150,000 dead. In 2003, the United Nations belatedly imposed an embargo on Liberian “logs of war.” Revenues crashed and, coincidentally or not, the war swiftly came to an end.

23/05/2011 (The Star) - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to continue the uptrend this week driven by positive sentiments from the external market and export data.

23/05/2011 (Business Times) - Plantation stocks are in the limelight this results season as companies, large and small, almost double profits on higher crude palm oil (CPO) prices.

23/05/2011 (Bloomberg) - The price of palm oil may decline as much as 30 percent this year as supply increases, putting pressure on producers including Golden Agri Resources Ltd., the Royal Bank of Scotland Group Plc (RBS) said in a report.

23/05/2011 (Financial Times) - For something which ends up in such simple products as soap, fish fingers and cakes, palm oil has a tortuously complex supply chain, a fact food producers cite as a significant difficulty in attempting to source the ingredient sustainably.