Archived News

The Industry Ministry is keen to promote biolubricants from Thai farm products in an effort to develop the oleochemical industry, a part of the government's bioeconomy scheme

The government has allocated more than RM100 million to assist smallholders obtain the Malaysian Sustainable Palm Oil (MSPO) certification to increase the value of the commodity in the international market.

The Finance Minister Lim Guan Eng on 27 April, 2019 a day after nomination of by-polls Sandakan announced a “RM550m fund, RM100m grant for oil palm smallholders.”

After the European Union secured free trade agreements this year with Singapore and Vietnam, there is even greater incentive for other large Southeast Asian economies to speed up the pace of clinching their own trade pacts, but negotiations with the EU are certain to prove difficult.

Indonesia is seeking to turn a new page in its bilateral ties with Malaysia, with a view towards achieving mutual prosperity rather than creating competition.

Australian Trade Minister Simon Birmingham attends a roundtable discussion in Beijing on Friday organized by the Center for China and Globalization. Photo: Wang Wenwen/GT

Indonesia's export taxes on crude palm oil will remain at zero for the month of August, while export taxes for cocoa beans will stay at 5%, according to Trade Ministry.

Malaysia’s high crude palm oil (CPO) inventory levels, coupled with market uncertainties related to the US-China trade talks and policy uncertainties in the European Union (EU), have led to the dismal CPO price performance in first half of 2019 (1H19).

School children in Malaysia are at the center of controversy over palm oil after staging a play that claimed it causes deforestation and the disappearance of thousands of orangutans every year.

Indonesia's is preparing a roadmap to expand the downstream industry for palm oil by 2024 to absorb potential oversupply of the vegetable oil, a senior official at the country's Ministry of Industry said on Thursday.

FGV Holdings Bhd is looking to expand into liquefied natural gas (LNG) following its venture into bio-compressed natural gas (bio-CNG) as the company seeks to monetise tonnes of waste material generated from its palm oil operation

Finnish refiner and renewable diesel producer Neste began a $1.4bn expansion of its Singapore refinery this week, which will increase its renewable fuel capacity by 1.3mn t/yr to 2.3mn t/yr and raise its global output to 4.5mn t/yr by 2022. In this interview, edited for clarity and length, president and CEO Peter Vanacker discusses the expansion and where he sees the renewables market going.