Archived News

22/07/2008 (The Star Online), Petaling Jaya - Analysts remain positive on plantation stocks despite the heavy sell-off over the last one week due to a slide in palm oil futures prices.

21/07/2008 (Market Watch), Kuala Lumpur - Mr. Neo Tek Siong, President of FASC Malaysia Sdn Bhd and Brian Nichols, President of First American Scientific Corp ( FASC.OB ) are pleased to jointly announce that the Ministry of International Trade And Industry for Malaysia has approved the Company's application for Pioneer Status and granted an income tax exemption for five years on profits earned from "the manufacture of KDS Micronex Systems, Modules and parts thereof" in Malaysia.

21/07/2008 (Bloomberg) - IOI Corp. fell for a sixth day to its lowest in more than ten months in Malaysian trading, pacing a slump by the nation's palm oil producers amid concern that demand for biofuels may decline after crude oil dropped.

19/07/2008 (Daily Express News) - WHAT you are looking at is an intricate web of roots weaved by mother nature over untold number of years and which man can never hope to imitate.

18/07/2008 (VOA News) - United Nations officials say there may soon be some relief from the global food crisis.

18/07/2008 (Bloomberg) - Palm oil stocks including Wilmar International Ltd., the world's biggest trader of the commodity, and IOI Corp. fell after CIMB Investment Bank Bhd. cut its ratings on the industry amid concern costs may increase, hurting profits.

17/06/2008 (Mongabay.com) - Orangutan are surviving in forest islands in a sea of oil palm plantations in Malaysia, reports a new survey by a government-backed conservation initiative. The finding underscores the need to protect critical forest areas for the endangered primates as forest continues to fall in southeast Asia at a rate that is the highest of any of the world's tropical forest regions.

17/07/2008 (Forbes), London - New Britain Palm Oil Ltd. (NBPO) said it has again raised its cash offer for Ramu Agri-Industries Ltd., adding that the offer has been declared free from all conditions and the offer period extended to Aug. 30.

17/07/2008 (Trading Markets.com), Kuala Lumpur - SIME DARBY BERHAD on Tuesday said it will build a new RM330 million (US$103.1 million) refinery in a bid to strengthen its position in the palm oil downstream business in South East Asia. Sime Darby's board of directors recently agreed to construct the North Port refinery complex in Port Klang, which is expected to be completed by mid 2010, president and group chief executive Dato' Seri Ahmad Zubir Murshid said in a statement.

17/07/2008 (Daily Express News), Kota Kinabalu - New findings by the Borneo Conservation Trust (BCT) show that Orang Utans are surviving in pockets of forest within the oil palm plantations in Sabah and that it is possible for the Orang Utans to travel and live within the plantations.

17/07/2008 (The Economic Times), New Delhi - On July 1, New Yorkers achieved trans-fat nirvana. Last summer, New York city banned restaurants from serving food containing trans-fats. From this month, all bakeries, confectionaries and snack companies had to fall in line. Since the average American eats 4.7 lbs of trans-fats each year (says US FDA), this may cheer obese New Yorkers. But would it also impact what we pay for cooking oil? ET helps you join the dots between outlawed trans-fats and the global veg oil market.

16/07/2008 (Flexsnews) - Dutch retailer Royal Ahold N.V. plans to use sustainable palm oil for all own label products sold at its Dutch Albert Heijn supermarkets and Etos health and beauty care stores by 2015.