Archived News

30/11/06 (Newkarala.com) New Delhi - The Indian Vanaspati Producers' Association (IVPA) has asked for the custom duty on crude palm oil to be brought down to 20 per cent on actual user basis, in order to compete with vanaspati imported from Sri Lanka and Nepal.

29/11/06 KUALA LUMPUR (AFP) - Malaysian investors expressed caution over a proposed merger to create the world's largest palm oil firm, saying that "size does matter" but a smaller company might be more profitable.

1/12/06 (Reuters) KUALA LUMPUR - Malaysian palm oil producer Carotino Sdn Bhd aims to start its second biodiesel plant next year and has sold out the entire output of its first unit up to March, a top company official said on Thursday.

27/11/06 KUALA LUMPUR, Malaysia (AP) -- Three Malaysian government-linked palm oil companies will merge to create the world's biggest palm oil business worth around 31.4 billion ringgit (US$8.66 billion; euro6.62 billion), officials said Monday.

26/11/06 KARACHI (Business Recorder): Palm oil prices in the international market have shot up by $100 per ton in the wake of skyrocketing prices of oleo chemicals besides increased consumption of bio-diesel and food items, industry sources said on Saturday.

28/11/06 (The Star) - PETALING JAYA: The three-year-old plan to merge Sime Darby Bhd, Golden Hope Plantations Bhd (GHope) and Kumpulan Guthrie Bhd (Guthrie) under the stable of Permodalan Nasional Bhd (PNB) has finally been set into motion.

24/11/006 (Reuters) 0 KUALA LUMPUR - Palm oil prices are expected to rise further by early next year as stockpiles decline due to robust global demand ignited by the rapidly expanding biofuel industry, a leading analyst said on Friday

22/11/06 (International Herald Tribune) - Johan Tazrin Ngo at Kenanga Investment Management, whose funds got a lift from palm oil producers, is moving to cash because he expects a slowdown to affect Malaysia.

28/11/06 (The Star) - PETALING JAYA: Most analysts are positive on the proposed merger of Sime Darby Bhd, Golden Hope Plantations Bhd (GHope) and Kumpulan Guthrie Bhd (Guthrie) to create the world's largest listed oil palm plantation player.

KUALA LUMPUR, Nov 27 (Bernama) -- The entire merger deal resulting in the world's largest listed palm oil company in the form of Synergy Drive Sdn Bhd will be consumated in a transparent manner, so says CIMB's chief executive officer Datuk Nazir Razak.

KUALA LUMPUR, Nov 27 (Reuters) - Three Malaysian state-controlled plantation firms plan to join forces, creating the world's largest listed palm oil producer.

27/11/06 NEW YORK (PRNewswire) -- Scott Wagman CEO and President -- Integrated Bio-Energy Resources, Inc. (OTC Pink Sheets: CKGR - News) announced today as the result of the Company's trip to the Caricom region that the Company has entered into an agreement to immediately purchase a 25% interest in 6,000 acres of palm oil farms.