Archived News

Had India not pulled out at the last minute from signing the deal during the 3rd summit of the Regional Comprehensive Economic Partnership (RCEP) in Bangkok on November 4, the RCEP would have been the largest free trade area in the world so far—comprising of 16 Asia Pacific countries that house 3.4 billion people, and constituting one-third of the global gross domestic product (GDP) and 40 percent of global trade

First Resources saw a 28.5% drop in its latest 3Q19 earnings, which came in at US$27.9 million ($38.0 million), compared to US$39.0 million in 3Q18.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at a two-year high at RM2,655 per tonne on Monday (Nov 11), analysts said.

An association representing thousands of oil palm smallholders has voiced confidence that the price of palm oil will continue to rise even as it hits RM2,600 per tonne

FIRST Resources on Tuesday posted a 28.5 per cent drop in net profit to US$27.9 million for its third quarter ended Sept 30, from S$39 million a year ago, mainly due to weaker palm oil prices

About 55% or 3.19 million hectares (ha) of oil palm plantations in Malaysia have received the Malaysian Sustainable Palm Oil (MSPO) certification as of Sept 30, said Primary Industries Minister Teresa Kok.

Agreement by 15 participants in the Regional Comprehensive Economic Partnership (RCEP) trade negotiations marks an important milestone.

NDONESIAN palm oil producer Bumitama Agri on Tuesday posted a 29.7 per cent decline in third-quarter net profit to 189.61 billion rupiah (S$18 million) from 269.89 billion rupiah a year ago

The US-China trade war reignited the debate over which developing countries in Asia could take over the mantle of the world's workshop. The front-runners? India and Indonesia.

The African Union is putting the Africa Continental Free Trade Area (AfCFTA) into operation. It will be the world's largest free trade area by number of countries and is so far in force across 27 countries.

The deal, called Regional Comprehensive Economic Partnership or RCEP, involves all 10 countries from the Association of Southeast Asian Nations (ASEAN) bloc and five of its major trading partners: Australia, China, Japan, New Zealand and South Korea.

Palm oil inventories in Malaysia, the world's second-largest producer of the edible oil, resumed their downward path in October as output fell and the pace of exports quickened, pushing palm prices to a 22-month high.