Archived News
24-04-2006
Palm oil price to climb higher on European demand
20/04/2006 (Food Navigator.com) - Malaysian palm oil prices are expected to edge up by 2-5 per cent in the near future on the back of growing demand in Europe for alternative fuels, suggests a report.
24-04-2006
Guthrie to replant oil palm in three estates
22/4/06 KUALA TERENGGANU (The Star) -- Kumpulan Guthrie Bhd has chosen to replant oil palm in areas totalling 220ha in three of its estates.
24-04-2006
Pertamina to sell biodiesel fuel
23/4/06 JAKARTA (Jakarta Post) - State-owned oil and gas company PT Pertamina will sell environmentally friendly biodiesel fuel beginning next month in a bid to reduce the use of fossil fuel in the country.
24-04-2006
Indonesia Sees Bright Future for Biofuels
21/4/06 JAKARTA (Reuters) - Indonesia, the world's second-largest palm oil producer, is ready to meet the growing attraction of environmentally friendly biofuels, a senior industry official said on Thursday.
24-04-2006
Edible oils refiner Pan Century may be up for sale
22/4/06 (Business Times) - PAN Century Edible Oils Sdn Bhd, one of Malaysia's largest and oldest edible oils refiner, may be up for sale at between US$90 million and US$120 million (RM329 million and RM439 million).
20-04-2006
Palm oil price likely to go up to RM1,550
19//4/06 SINGAPORE (Reuters) - Malaysian palm oil prices will likely rise to between RM1,500 and RM1,550 a tonne in the near term from RM1,470 as European demand for alternative fuels grows with the rise in crude oil prices, a top industry official said on Tuesday
20-04-2006
Tariff values cut for vegoils
18/4/06 Chennai (Business Line) - The Centre has cut the tariff values for palm group of oils by $10 a tonne and that of crude soyabean oil by $6. Earlier, on March 3, the Union Government cut the tariff values for palm group of oils by $4 and crude soyabean oil by $13.For the palm group of oils, this is the third time that the tariff has been cut since March 15. However, on March 15, the tariff value for crude soyabean oil was raised by $13.
20-04-2006
PORAM No To Total Liberalisation Of Refining Policy For Sabah And Sarawak
KUALA LUMPUR, April 18 (Bernama) -- The Palm Oil Refiners Association of Malaysia (PORAM) is against a total liberalisation of the policy for the palm oil refineries in Sabah and Sarawak.
20-04-2006
Malaysia's MISC orders 4 chemical tankers
KUALA LUMPUR, April 19 (Reuters) - Malaysia's biggest shipping group, MISC Bhd , said on Wednesday it had ordered four new chemical tankers from South Korea's STX Shipbuilding Co , for delivery in 2009. MISC, the world's largest carrier of liquefied natural gas and Malaysia's third-largest listed firm, gave no value for the orders, however.
20-04-2006
Bakrie unit plans Indonesia's first biodiesel plant
JAKARTA, April 19 (Reuters) - Indonesian plantation company PT Bakrie Sumatera Plantations Tbk plans to jointly build the country's first biodiesel plant to meet a surge in demand for renewable energy, the company said.
20-04-2006
Sarawak identifies sites for new ports
17/4/06 (Business Times) - THE Sarawak state government plans to develop two more ports along its coastlines to meet growing demand for sea outlets, in tandem with the economic development of the state.
20-04-2006
Call to give palm oil refinery licences to firms in Sabah, Sarawak
19/4/06 (Business Times) - MORE licences for palm oil refineries need to be issued in Sabah and Sarawak, the Palm Oil Refiners Association of Malaysia (Poram) said.