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MARKET DEVELOPMENT
08-07-2011

Malaysia to chalk 5.7 pct GDP â€” Economist

08/07/2011 (Borneo Post) - Signs that Malaysiaâ€™s export growth has moderated again in the second quarter (Q2) have led to some concerns regarding Malaysiaâ€™s growth momentum going forward, despite private consumption growth having accelerated in Q1.

MARKET DEVELOPMENT
08-07-2011

Ringgit To Appreciate To RM2.95 Vs US Dollar, Says Stanchart Economist

08/07/2011 (Bernama) - The ringgit is expected to appreciate to 2.95 against the U.S. dollar in the fourth quarter of this year from 3.00 now and rise further to 2.88 by the first quarter of next year owing to risk aversion to the dollar, an economist said Thursday.

MARKET DEVELOPMENT
08-07-2011

35 Items Identified To Be Under Price Control Act - Muhyiddin

08/07/2011 (Bernama) - The government has identified 35 types of essential items placed under the Price Control and Anti-Profiteering Act 2011 following the hike in prices of these goods.

MARKET DEVELOPMENT
08-07-2011

RM500 million suit over NCR land dismissed

08/07/2011 (Borneo Post) - The High Court here dismissed with costs a suit brought by a group of natives against the state government and four other defendants, seeking RM500 million over the alleged denial to their customary rights to a 5,000-acre land planted with oil palm in Semporna.

MARKET DEVELOPMENT
08-07-2011

Kota Marudu\'s Economic Transformation Driven By Agriculture Sector, Says Ongkili

08/07/2011 (Bernama) - Transformation of the Kota Marudu economy will continue to be driven by the agriculture sector through the adoption and infusion of modern crops and technologies, said Science, Technology and Innovation Minister Datuk Seri Dr Maximus Ongkili.

MARKET DEVELOPMENT
07-07-2011

MPOC Recognises Outstanding Leaders In The Palm Oil Industry With Palm Oil Industry Leadership Award (PILA)

07/07/2011 (Bernama) â€“ Tan Sri Bernard Dompok, Minister of Plantation Industries & Commodities, presented the fourth Palm Oil Industry Leadership Award (PILA) to Tan Sri Datuk Dr Augustine Ong Soon Hock, former Director General of PORIM (now known as MPOB), at the annual Malaysian Palm Oil Councilâ€™s Leadership Dinner held in Kuala Lumpur on 5 July, 2011.

MARKET DEVELOPMENT
07-07-2011

Palm Oil May Gain as Widening Discount to Soy Oil Lifts Demand

07/07/2011 (Bloomberg) - Palm oil, little changed, may advance after a recent slump in prices widened the discount to soybean oil making it a cheaper option and as yesterdayâ€™s jump in crude oil lifted the appeal of vegetable oils as biofuel feedstock.

MARKET DEVELOPMENT
07-07-2011

Confusion Remains Over Pheu Thai\'s Oil Fund Pledge

07/07/2011 (Bangkok Post) - Plans by the Pheu Thai Party to scrap the state Oil Fund could result in a palm oil surplus and low prices for fresh palm nuts, as there would be no incentive to make biodiesel from the output, warns a senior Agriculture Ministry official.

MARKET DEVELOPMENT
07-07-2011

PTPN to Convert Sulawesi into Palm Oil Center

07/07/2011 (Tempo Interactive) - State plantation company, PT Perkebunan Negara IVX (PTPN), is managing productive land in Sulawesi to transform it into an oil palm development and crude palm oil (CPO) production center.

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