Archived News

The government has high hopes that local arms manufacturers can step up their production capacity to facilitate its efforts to modernize Indonesia’s primary weapons defense system amid delayed plans to acquire foreign arms as a result of the COVID-19 outbreak.

Major plantation companies are already required to be certified under the Indonesian Sustainable Palm Oil (ISPO) scheme, which was introduced in 2011 in an effort to counter longstanding associations between Indonesian palm oil and deforestation, land disputes, and labor rights abuses.

The monthly demand for edible oils in the country has fallen by 30 per cent, even though at home consumption of cooking oil shot up by 20-25 per cent, according to the Indian Vegetable Oil Producers Association (IVPA), apex organisation of vegetable oil producers in the country.

A palm oil analyst has urged Putrajaya to go all out to repair diplomatic ties with New Delhi and work out a deal to bypass Indian restrictions on the import of refined, bleached and deodorised (RBD) palm oil.

Chicago Board of Trade soyabean futures declined on Tuesday, notching one week low as end-of-month positioning and a weak Brazilian real hurt US export prospects, traders said

Malaysian palm oil futures rose on Wednesday, tracking stronger crude and soybean oil prices and supported by bargain-hunting, although concerns over weakening global demand due to coronavirus-driven lockdowns capped the gains.

Malaysia is currently facing several challenges in continuing its growth trajectory, despite having made commendable progress over the past four decades, said Moody’s Analytics.

The Secretary General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene said on Tuesday that implementation of the free trade agreement will not be able to commence on July 1 due to the disruptions occasioned by the coronavirus pandemic

Palm oil shipments from Malaysia to top customer India may plunge to a fresh record low in April as the virus lockdown and punitive import curbs cause demand to dry up

Importers of refined palmolein have asked government allow free import of refined palm oil so that poor people can get cheaper edible oil during Covid-19 lockdown which has disrupted the economy and purchasing power of people.

FGV Holdings Bhd, the largest crude palm oil (CPO) producer in the country, warned its palm oil output is poised to drop this year, as the movement control order (MCO) since March 18 limit the strength of its plantation workforce.

FGV Holdings Bhd is starting to earn new sources of revenue from sectors in the circular economy and renewable energy industries, said its chairman Datuk Wira Azhar Abdul Hamid.