Archived News

08/09/2022 (The Edge Markets), Petaling Jaya - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) ended lower for the sixth consecutive session as overnight weakness on the Chicago bean oils market continued to weigh on sentiment for CPO.

07/09/2022 (Free Malaysia Today), Kuala Lumpur - Malaysian palm oil planters are letting thousands of tonnes of fruits rot as the third year of a worker shortage has left companies unable to increase their harvesting during the peak production season.

08/09/2022 (Daily Express), Kota Kinabalu - The Sabah Housing and Real Estate Developers Association (Shareda) lauded the move to establish a free trade zone in Lahad Datu’s Palm Oil Industrial Cluster (POIC) to spur economic growth in Sabah’s east coast region.

07/09/2022 (Antara News), Jakarta - Minister of State-Owned Enterprises (SOEs) Erick Thohir during an interview here on Wednesday, urged Indonesians to reduce their reliance on fuel oil and begin to shift to alternative energy.

07/09/2022 (The Jakarta Post) - Indonesia is at the forefront of biofuel advancement worldwide, especially with regard to biodiesel, both in terms of blending rate and production scale, but its contribution to decarbonization is questionable since the biodiesel is heavily dependent on palm oil as the sole feedstock, risking further environmental damage resulting from unsustainable oil palm plantation practices.

06/09/2022 (The Edge Markets), Kuala Lumpur - Palm oil posted its lowest close since late July on a retreat in rival soybean oil, concerns about bulging stockpiles in top growers and lackluster demand from Chinese buyers.

07/09/2022 (Business Mirror) - I have been writing in this space that smuggling is costing the Philippine government up to P250 billion in foregone value added tax every year. Now comes another big issue, which is the smuggling of palm oil that could kill the country’s coconut industry that employs millions of Filipinos.

06/09/2022 (New Straits Times), Kota Kinabalu - The federal government should allocate funds to accelerate the establishment of a free-trade zone in Lahad Datu's Palm Oil Industrial Cluster (POIC) to boost economic growth in Sabah's east coast region.

06/09/2022 (People Gazette) - Cross River’s Commodity and Quality Control Board has warned palm oil dealers in the state to refrain from adulterating the product, citing its effect on human health.

06/09/2022 (New Straits Times), Kuala Lumpur - Malaysia has secured investments worth RM9.3 billion via the latest Trade and Investment Mission (TIM) to Japan led by Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali.

06/09/2022 (Daily Express), Jakarta - Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto received Japanese Minister of Energy, Trade and Industry Nishimura Yasutoshi and they discussed trade and investment cooperation, Indo-Pacific Economic Framework (IPEF), and G20 Summit.

06/09/2022 (The Edge Markets) - Bursa Malaysia erased earlier gains to close marginally lower on Tuesday (Sept 6) at its intraday low due to profit-taking activities, particularly in financial services stocks in the last 10 minutes of trading, a dealer said.