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MARKET DEVELOPMENT  
  30-11-2020

RCEP: Economic fortunes and challenges

With economic windfalls and challenges, Regional Comprehensive Economic Partnership (RCEP) is an ‘Asian Economic Stride’, on a global trade stage. Representing present time as well as future dynamics, it promises China, ASEAN countries, Japan, South Korea, Australia and New Zealand inclusive growth in tandem.

MARKET DEVELOPMENT  
  30-11-2020

Eco-warriors awarded for efforts to preserve biodiversity

The country’s Biodiversity Conservation Trust Fund (Kehati) Foundation bestowed awards to five individuals and a private company for their significant contributions in protecting the country’s biodiversity through their actions and activism.

MARKET DEVELOPMENT  
  30-11-2020

Malaysia’s palm oil industry seeing high prices

The price of Malaysia’s fresh palm oil fruit bunches and crude palm oil were at a high level, which was partly due to the high demand from buyers, including those from China and India, says Foreign Minister Datuk Seri Hishammuddin Hussein.

MARKET DEVELOPMENT  
  30-11-2020

MPOB expects Malaysian Palm Oil demand to improve further in future

The Malaysian Palm Oil Board (MPOB) director-general (DG) Dr Ahmad Parveez Ghulam Kadir has reported a rise in Malaysian palm oil exports in recent months. Malaysian Palm Oil Board (MPOB) is a premier government agency under the Ministry of Plantation Industries and Commodities, established in Malaysia for serving oil palm industry

MARKET DEVELOPMENT  
  30-11-2020

Hishammuddin expresses gratitude to India, says reduced import duty will benefit oil palm smallholders

The increase in crude palm oil prices, after the Indian government reduced the import duty for Malaysia, would benefit oil palm smallholders, says Datuk Seri Hishammuddin Hussein

MARKET DEVELOPMENT  
  27-11-2020

Palm oil export value will suffer if Malaysia stops exporting to EU, says minister

KUALA LUMPUR (Nov 26): Malaysia's palm oil export value to the global market would be affected if Malaysia no longer export the commodity and other palm-based products to the European Union (EU) as the region is the country's second-largest palm oil market after China, said the Ministry of Plantation Indistries and Commodities (KPPK).

MARKET DEVELOPMENT  
  27-11-2020

Cargill to invest RM81m to upgrade palm oil production facility in Port Klang

KUALA LUMPUR (Nov 26): Vegetable oil refining and production outfit Cargill Palm Products Sdn Bhd will invest US$20 million (RM81 million) to expand and modernize its palm oil production facility in Port Klang which is expected to be completed and running by February 2022.

MARKET DEVELOPMENT  
  27-11-2020

Sarawak oil palm planters oppose MPOB’s proposed RM5 cess on CPO for 2021

KUCHING (Nov 26): Sarawak Oil Palm Plantation Owners Association (Soppoa) has objected to the Malaysian Palm Oil Board’s (MPOB) proposal to impose an additional cess of RM5 for every metric tonne of crude palm oil (CPO) and crude palm kernel oil for a year starting January 2021.

MARKET DEVELOPMENT  
  27-11-2020

THP back to black in Q3, posts better revenue on higher palm products ASP

KUALA LUMPUR: TH Plantations Bhd (THP) has returned to the black in the third quarter (Q3) ended September 30, 2020 posting a net profit of RM15.77 million from a net loss of RM31.61 million.

MARKET DEVELOPMENT  
  27-11-2020

Techbond revenue jump 13.6pc to RM22mil for Q1

KUALA LUMPUR: Techbond Group Bhd (TGB) a homegrown pioneer in developing and manufacturing industrial adhesives and sealants, posted a revenue of RM22.0 million for its first quarter (1Q) ended 30 September 2020 (FY21), an increase of 13.6 per cent or RM2.6 million from RM19.4 million a year ago.

MARKET DEVELOPMENT  
  27-11-2020

Cover Story: ‘Predictability’ is the word to describe Biden’s trade war approach

THE “America First” platform espoused by President Donald Trump is a striking characteristic of the billionaire’s administration of the US. In his effort to “Make America Great Again”, Trump had turned the US away from multilateralism.

MARKET DEVELOPMENT  
  27-11-2020

Sarawak Oil Palms' 3Q net profit rises to RM73.83 mil

KUALA LUMPUR (Nov 26): Sarawak Oil Palms Bhd’s net profit for the third quarter ended Sept 30, 2020 (3Q 20) rose to RM73.83 million from RM30.9 million in the same period last year.