Archived News

15/12/06 SINGAPORE, (Reuters) - Investors cheered Wilmar's multi-billion dollar purchase of Malaysian agricultural assets on Friday, sending its stock up 27 percent on hopes it will profit from high palm oil prices due to demand from China and India.

18/12/06 (The Star) - MALAYSIAN fibreboard companies have to be innovative and creative to maintain their leading edge in the international market.

18/12/06 (The Sun Daily) PENANG - The government should take responsibility for the actions of Malaysian timber and oil palm companies which are the main culprits of illegal logging and open burning in Papua New Guinea (PNG) and Indonesia, several non-governmental organisations (NGOs) said.

17/12/06 (The Edge Daily) - The Boustead Group has set up the Al-Hadharah Boustead REIT, the first Islamic oil palm plantation real estate investments trust (REIT), which will acquire plantation assets totalling RM472 million.

14/12/06 (The Edge Daily) - The Kuok Group, controlled by tycoon Tan Sri Robert Kuok, is undertaking a mammoth S$6.6 billion (RM15.18 billion) corporate exercise to merge several of its companies here and in Singapore, including Wilmar International Ltd and PPB Oil Palms Bhd.

KUALA LUMPUR, Dec 12 (Bernama) -- Biodiesel produced from palm oil has already been exported overseas and the new industry is expected to have a big impact on the national economy.

15/12/06 ( New Karala) Mumbai - India's imports of vegetable oil (edible and non edible) fell by 23 per cent to 25.22 lakh tonnes during November, as against 32.76 lakh tonnes during the same month previous year, the solvent Extractors' Association of India (SEA) said.

15/12/06 (The Edge News) - Mergers in the booming palm oil sector are creating the biofuel industry's own 'Big Oil' companies, but vertical integration and economies of scale may not be enough to make exports profitable or to replace crude.

12/12/2006 (NSTP) - FOREIGN non-governmental organisations (NGOs) are carrying out a smear campaign against Malaysia's palm oil. Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui said they claimed that the nation had a bad record in forest management.

12 December 2006 ( people.com) - Indonesia's state-run oil firm Pertamina has recently launched high-octane biofuel after the successful introduction of biodiesel and bio-gasoline earlier this year, a report said Tuesday.

10/12/2006 ( biopact.com) - The world's two leading palm oil producing countries, Malaysia and Indonesia, have expressed their hopes of exporting more of their products as energy feedstocks for power and fuel to Europe.

10/12/2006, Singapore ( rawstory.com)- The Singapore-based commodities exchange Jade plans to launch its crude palm oil (CPO) futures contract by the first quarter of 2007 after the festival season, officials said in a report published Monday.