Archived News
06-05-2019
View from across the aisle
The increasing cost of living, shrinking ringgit, falling palm oil prices and unfulfilled elections promises seem to be the talked about issues among Malaysians.
06-05-2019
Malaysia set to see new wave of China FDI
After Prime Minister Tun Dr Mahathir Mohamad and President Xi Jinping held a Malaysia-China bilateral meeting on April 25, a journalist who had worked in Beijing for four years Whatsapped me a photograph of both leaders greeting each other happily.
06-05-2019
CPO futures likely to trade within tight range next week
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to trade within a tight range of between RM2,050 and RM2,150 a tonne next week on lack of fresh leads, said a dealer.
06-05-2019
Teresa Kok leads palm oil promotion mission to key European markets
Primary Industries Minister Teresa Kok (pic) is leading a palm oil economic and promotion mission from May 3-13 to London (United Kingdom), Brussels (Belgium), Berlin (Germany), and Rome (Italy).
06-05-2019
Short Position
By refinancing a RM595.5mil facility tied to the Children’s Specialist Hospital located at Hospital UKM in Kuala Lumpur, the government has saved some RM80mil.
06-05-2019
Sarawak activists take oil palm protest to Europe
A delegation of indigenous representatives from Sarawak is currently in Europe to “expose the Malaysian palm oil industry’s detrimental practicesâ€, the Swiss-based Bruno Manser Fund said in a statement today.
06-05-2019
Nestlé vows to work against palm oil-linked deforestation
Nestlé the world’s largest food and beverage corporation, says that by 2020 there will be no more deforestation linked to its products and embedded in its supply chains. That’s an ambitious goal for the Swiss multinational, which now is making progress by monitoring oil palm plantations from the sky
06-05-2019
Europe's ban on palm oil might actually hurt the environment
Anyone lucky enough to visit Ghana could do worse than order a plate of boiled yam and red-red—a stew made with beans and tomato paste. A Sunday morning treat in Europe might be homemade crepes and hazelnut chocolate spread. Both of these meals—though part of very different cuisines and eaten in different places—contain palm oil, an edible vegetable oil extracted from the fruit of the oil palm (Elaeis guineensis).
06-05-2019
Palm oil falls
Malaysian palm oil futures reversed earlier gains to close 1 per cent down on Friday, falling on bearish production outlooks to chart the biggest weekly drop since early November.
03-05-2019
Suspension of CPO export duties to clear high stock level
KUALA LUMPUR: Malaysia’s move to suspend export duties on crude palm oil (CPO) until Dec 31, 2019 will help to improve Malaysia’s CPO export competitiveness to clear the nation's current high stock level, CIMB Equities Research said.
03-05-2019
Indonesia 2019 biodiesel exports to rise
JAKARTA: The Indonesia Biodiesel Producers Association (APROBI) estimates the country may export up to 2 million kilolitres (kl) of unblended biodiesel in 2019 in an "optimistic scenario", Vice Chairman Paulus Tjakrawan told reporters on Thursday.
03-05-2019
Malaysian palm oil price slumps 3% on US soyoil losses and weak demand
KUALA LUMPUR: Malaysian palm oil futures fell nearly 4 percent on Thursday evening to their lowest in almost five months, weighed down by weakness in U.S. soyoil prices on the Chicago Board of Trade and weak demand sentiment.