Archived News

16/08/05 KUALA LUMPUR (Dow Jones)--Kumpulan Guthrie Bhd. Tuesday deniednewspaper reports alleging two of its units were among Malaysian companiesthat started massive fires last week in Indonesia to clear land forplantations.

17/08/05 (Financial Times ) - Discussions between the TanzaniaInvestment Centre (TIC) and a group of Malaysian investors are at anadvanced stage for the latter to start commercial farming of palm oil inKigoma, the Financial Times has learnt.

16/08/05 KARACHI (Daily Times) - Palm oil import is expected to increaseby 30 percent to 40 percent amid high domestic demand and a bearish worldoil price outlook, importers and dealers said on Tuesday.

August 17, 2005 (Cape Argus) - The healthy or not oil debate has taken anew turn - local research has turned up a tropical oil that appears to notonly protect against the consequences of a heart attack, but is also anatural source of vitamin A.

12/08/05 WASHINGTON, Aug. 12 (U.S. Newswire) -- Plans to create theworld's largest palm oil plantation along Indonesia's mountainous borderwith Malaysia could have a devastating impact on the forests, wildlife andindigenous people of Borneo, warns World Wildlife Fund.

11/08/2005 KUALA LUMPUR, Malaysia (AP) - U.S. commodity trading giantCargill is in talks to buy a Malaysian-based palm oil refinery for about250 million ringgit, or $65.7 million, a newspaper reported Wednesday.

PETALING JAYA, Aug 10 (Bernama) -- Prime Minister Datuk Seri AbdullahAhmad Badawi said the government was formulating a national biofuel policyto encourage the production and use of palm oil based biofuel as analternative and environment friendly energy source.

08/08/05 - THE recent increase in the price of fuel is set to have a highbearing on the transport sector and industry players view the hike withconcern.

10/08/05 KUALA LUMPUR, Malaysia (AP) -- Malaysia will soon start blendingdiesel with palm oil to power cars and electricity generators to reduceits fuel bill, due to record high oil prices, news reports said Wednesday.

Mr Peter Chin, Malaysian Minister for Plantation Industries andCommodities

10/08/05 - MALAYSIA is blowing the dust off its long-neglected farmingsector to look for new sources of economic growth and to reinvigorate itspolitical heartland.

09/08/05 (Bloomberg) -- Palm oil futures may rise as much as 19 percent inthe next 12 months, as India and China buy more cooking oil and recordpetroleum prices boost demand in Europe for substitute fuels, analystsincluding Christine Salim said.