Archived News

Federal Land Development Authority (Felda) has turned to the likes of roselle, pineapple, banana, figs and jackfruits to help generate an extra income of between RM300 and RM1,000 a month for its settlers.

Being willing and able to switch between petroleum and edible oil trades will become an ever more prudent business strategy among tanker owners said Gibson in its latest weekly report, pointing out that a flexible strategy could go a long way, towards securing a company’s profitability.

Pakistan Economy Watch (PEW) on Friday asked the government to take note of exploitation by some industrialists in the edible oil sector and take action to provide relief to the masses facing runaway inflation.

Malaysian palm oil futures fell nearly 3 per cent on Friday, snapping a four-day rally, dragged by weaker rival oils and higher production forecast, though the market marked weekly gain on hopes of demand improving ahead of the Muslim holy month of Ramazan.

The ousting of Malaysia's former prime minister Mahathir Mohamad, whose criticisms of India's policies in Kashmir damaged palm oil trade between the nations, has kindled hopes among Malaysian exporters for a rapid restoration of ties

Palm oil futures surged for a fourth day on expectations that purchases will pick up to meet festive-season demand and production will rise slower than earlier predicted

Oil prices fell on Thursday as the coronavirus epidemic showed no signs of slowing, feeding worries about the global economy and prompting investors to sell more risky assets like stocks and crude oil and park money in safe havens.

Commerce Ministry has restarted consultative process for a barter trade deal with Iran as normal bilateral relations are not possible between the two countries till removal of US sanctions

World food prices slipped in February, ending four months of successive increases, with the spread of coronavirus dampening demand for some products, the United Nations food agency said on Thursday.

FGV Holdings Bhd, one of the world’s largest producers of crude palm oil, said yesterday that all its 68 mills and 173 estates, covering some 373,517ha nationwide, are now fully certified under the Malaysian Sustainable Palm Oil (MSPO) certification

The North American Free Trade Agreement (FTA) was completed. The European Union continued to integrate and expand. The Association of Southeast Asian Nations (ASEAN) and North Asian countries inched toward liberalisation. Australia signed free trade agreements with its major trading partners.

Datuk Seri Dr Wee Ka Siong has thanked the Indian government for not extending its import duties on several varieties of palm oil from Malaysia.