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MARKET DEVELOPMENT
24-05-2011

Budget Should Be Business-Friendly

24/05/2011 (The Nation) - Famous industrialist, chairman Pakistan Edible Oil Refiners Association (PEORA) and former president Faisalabad Chamber of commerce and industry Mian Muhammad Hanif has proposed to the federal government some suggestions for the upcoming federal budget 2011-12 that levy withholding Tax on Imported Edible Oils in the PTR Mode. â€œThe structure of income tax applicable on Edible Oil and Vegetable Ghee industries before 30th June 2009 would be as on import of raw material at 2% us 148(8) and as final discharge of liability.â€

MARKET DEVELOPMENT
24-05-2011

Bridge of Hope For Orang Utan

24/05/2011 (The Star) - The state Wildlife DepartÂment and several NGOs have combined forces to repair a rope bridge across the Sungai Takala to enable the orang utan to move about in Sabahâ€™s east coast lower Kinabatangan region.

MARKET DEVELOPMENT
24-05-2011

KLK on The Lookout For Potential Buyers

24/05/2011 (Borneo Post) - Kuala Lumpur Kepong Bhd (KLK) will continue to be on the lookout for buyers for its non-core businesses, which include its parquet, soap, nutraceuticals and rubber gloves operations, although the group admitted that it is not easy to find buyers at the â€˜rightâ€™ place.

MARKET DEVELOPMENT
24-05-2011

ITDA To Undertake Oilpalm Cultivation

24/05/2011 (IBN Live) - With the Integrated Tribal Development Agency (ITDA) deciding to go for oilpalm cultivation for the first time in the State, the tribal welfare department has started identifying the potential places in agency areas of the district.

MARKET DEVELOPMENT
24-05-2011

By Barcoding Trees, Liberia Looks to Save its Rainforests

24/05/2011 (Yale Environment 360) - Nearly two-thirds of West Africaâ€™s remaining rainforests are in the small but troubled nation of Liberia. That is a small miracle. A decade ago, Liberiaâ€™s forests were being stripped bare by warlords to fund a vicious 14-year civil war that left 150,000 dead. In 2003, the United Nations belatedly imposed an embargo on Liberian â€œlogs of war.â€ Revenues crashed and, coincidentally or not, the war swiftly came to an end.

MARKET DEVELOPMENT
23-05-2011

CPO Prices Expected to Continue Uptrend This Week

23/05/2011 (The Star) - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to continue the uptrend this week driven by positive sentiments from the external market and export data.

MARKET DEVELOPMENT
23-05-2011

Plantations in The Spotlight

23/05/2011 (Business Times) - Plantation stocks are in the limelight this results season as companies, large and small, almost double profits on higher crude palm oil (CPO) prices.

MARKET DEVELOPMENT
23-05-2011

Palm Oil Price May Decline 30% This Year as Supply Gains, RBS Analyst Says

23/05/2011 (Bloomberg) - The price of palm oil may decline as much as 30 percent this year as supply increases, putting pressure on producers including Golden Agri Resources Ltd., the Royal Bank of Scotland Group Plc (RBS) said in a report.

MARKET DEVELOPMENT
23-05-2011

Growing Issue For Palm Oil Producers

23/05/2011 (Financial Times) - For something which ends up in such simple products as soap, fish fingers and cakes, palm oil has a tortuously complex supply chain, a fact food producers cite as a significant difficulty in attempting to source the ingredient sustainably.

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