Archived News

24/11/2009 (Xinhua News Agency), Jakarta - The palm oil industry in Indonesia contributed 4.5 percent to the national Gross Domestic Product ( GDP), supporting the life of 13.2 million people of more than 230 million population in the country, a senior Indonesian official said on Tuesday.

23/11/2009 (Sumatran Orangutan Society) - Multinational companies should be "named and shamed" into sourcing sustainable palm oil to protect the world's tropical rainforests, says Britain's Energy Minister, Joan Ruddock.

23/11/2009 (Bernama) - Malaysia will take a consultative approach, rather than confrontational, in dealing with anti-palm oil campaign, the Dewan Rakyat was told Monday.

22/11/2009 (Guardian.co.uk) - A certification process designed to allow palm oil producers that meet environmental standards to label their products as eco-friendly was launched today.

21/11/2009 (My Palm Oil) - ALL Cosmos Industries Sdn Bhd is investing RM50 million in Sabah for a 200,000-tonne fertiliser plant, as its high organic content fertiliser is gaining popularity among oil palm planters.

21/11/2009 (The Star Online) - Malaysian Palm Oil Association (MPOA), which represents major oil palm oil companies such as Sime Darby Bhd, Kuala Lumpur Kepong Bhd, IOI Corp Bhd and Felda, wants the RSPO to focus on sustainable production of palm oil for “food” use to meet the “3Ps” – profit, people and planet – and not on GHG emissions by the EU legislations meant for biofuel and energy sector. MPOA chief executive Datuk Mamat Salleh says the EU legislation conveniently left out one “P” – profits – or economic sustainability where the heavily-subsidised biofuel and feedstock in the EU was still considered as sustainable product.

20/11/2009 (Bank Information Centre) - A complaint filed by Indonesian community groups in response to practices by one World Bank-funded corporation has spurred a major re-examination of how the International Financing Corp. (IFC) -- a major lending arm of the World Bank to the private sector -- conducts its lending.

19/11/2009 (Palm Oil HQ), Hamburg - Malaysia’s 2009 palm oil output will rise only marginally following years of rapid growth, Hamburg-based oilseeds analysts Oil World said yesterday.

19/11/2009 (The Casual Truth) - Humans have destroyed forests since the dawn of time. No big deal. However, this destruction has increased rapidly in recent times with the rising global demand for food, fuel, building materials, land and other commodities.

18/11/2009 (Alibaba.com) - Belgian oleochemicals maker Oleon Holding NV will double its plant capacity in Malaysia to 34,000 tonnes in the next two years to meet growing demand for palm oil-based products in the food and auto sectors.

17/11/2009 (Jakarta Globe) - Indonesia’s small-scale palm oil farmers are not acquiring certifications as environmentally friendly producers because it is expensive and certified palm oil does not command a premium on world markets.

17/11/2009 (LBO) - Sri Lanka's Carson group said net profit for the September 2009 quarter almost doubled from a year ago mainly on strong contributions from its palm oil plantations in east Asia.