Archived News
30-10-2008
New deal to rescue Borneo orangutans in Malaysia
29/10/2008 (AP), Kuala Lumpur — Conservationists said Tuesday they were planning a big push to protect Borneo's orangutans, pygmy elephants and other endangered wildlife by purchasing land from palm oil producers to create a forest sanctuary.
30-10-2008
ACCCIM calls for reduction of CPO stock
29/10/2008 (NST Online) - The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) today asked major crude palm oil producers — Indonesia, Malaysia and Thailand — to reduce their stock by one million to 1.5 million tonnes to stabilise prices in the global market.
29-10-2008
Indonesia Asks Companies to Remit Export Earnings
29/10/2008 (Bloomberg) - Indonesia asked state companies to bring export proceeds home and will scrap a levy on overseas palm oil sales to boost the rupiah, after the currency plunged as much as 29 percent in the past month.
29-10-2008
Indonesia adopts measures to boost rupiah
29/10/2008 (Xinhua), Jakarta - Indonesia has obligated state-own firms to place their U.S. dollars in the country and speed up the implementation of project funded by donors, Coordinating Minister for Economy Sri Mulyani Indrawati told a press briefing on Tuesday evening after a sudden cabinet meeting.
29-10-2008
‘Call to bring ghee prices down’
29/10/2008(The Post), Lahore - Chairman task force for essential commodities, S.A Hameed has said that ghee mills owners should reduce the price of ghee as the price of palm oil has dropped in the international market.
29-10-2008
New steps to boost economy
29/10/2008 (The Star Online), Pekan - The government will announce further policy measures to counter the impending global recession and its impact on the Malaysian economy.
28-10-2008
Indonesia to hold talks with Malaysia, Vietnam on commodities
28/10/2008 (Thanhniew News) - Indonesia, the world’s biggest producer of palm oil and Asia’s second-largest for coffee, plans to hold more talks with Malaysia and Vietnam in a bid to stem price declines.
28-10-2008
Indonesia\'s Pertamina says plans to lift biodiesel sales
28/10/2008 (Alibaba.com) - Indonesia's state oil firm Pertamina will increase the sale of palm-based biodiesel in a move to cut energy subsidies, a company official said on Monday.
28-10-2008
Ministry visits 16 estates to check on conditions for workers
28/10/2008 (The Star Online), Kuantan - The Plantation, Industries and Commodities MiniÂstry has visited 16 estates owned by 10 companies nationwide in a move to check on compliance with corporate social responsibility (CSR).
28-10-2008
Bangladesh\'s imports of Malaysian palm oil up by 75pc in 8 months
27/10/2008 (The Nation) - Bangladesh imported 149,717 tonnes of palm oil from Malaysia during first eight month of this year (Jan to July 2008), rising by 75.1 percent or 64,213 tonnes from 85,504 tonnes during the same period of last year.
28-10-2008
Palm oil small holders in fix over refusal to accept their fruits
25/10/2008 (Daily Express News), Sandakan - Smallholders here are complaining that several millers and fresh fruit bunch (FFB) collecting centres in the district are refusing to accept their FFB and have started restricting their deliveries, said the Democratic Action Party (DAP).
28-10-2008
Declining prices spell gloom
24/10/2008 (The Star Online), Kuala Lumpur - Falling oil and commodity prices sound like good news for the consumers but to the Government, it means a shortfall of billions of ringgit in revenue.