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Palm oil ends at highest since Nov on flooding woes
Heavy rainfall, floods to affect Malaysia’s 2023 CPO production, says researcher
Palm vs Soy Oil Price Disparity Likely to Increase in 2023
Crude palm oil prices dropped pressured by persistent doubts over demand
SMI operators urged to carry out more R&D on their
LESS than 20% of small and medium scale industry (SMI) operators carry outtheir own product research and development (R&D) to enable them upgradesand create new inventions.Domestic Trade and Consumer Affairs Ministry parliamentary secretary WongKam Hoong said only 3% of their total income was spent for the purpose.He said that in the manufacturing industry, only 5% of the localsregistered their patents while the rest were foreign manufacturers.“There are more than 100,000 SMIs nationwide. Out of the total, less than20% carry out their own R&D to enable them compete in a global market.“This is not encouraging and I hope that they will be more creative withmore inventions to enable them sell their own design as it will give themmore value added,’’ he said.He said after opening the Introduction to Malaysia Intellectual Propertyseminar here on Tuesday, Wong said to achieve this, the ministry hadrecently tabled the Intellectual Property Cooperation Act.He said the act would provide guidelines to locals not only in theindustrial and manufacturing sector but also in the agriculture sectorsuch as rubber and palm oil.Wong said this would also encourage more locals to create their ownpatents and trademarks to enable them stay competitive, adding that theywould table six other related acts in line with the act.“Our statistics reveal that less than 5% of inventions are owned by localsand that is why we are encouraging manufacturers to come out with theirinnovations,’’ he said.Friday, August 24, 2001The Star
Venture Into Paper Industry To Make More Money, Pl
KUALA LUMPUR, Aug 22 (Bernama) -- Local palm oil planters should grab theopportunity to gain additional revenue by venturing into the paper-makingindustry, now that there is a latest cost-effective technology that couldprocess oil palm pulp into papers.
E-Pomex Reaches Out To International Players Next
KUALA LUMPUR, Aug 22 (Bernama) -- e-POMEX, the newly launched electronicexchange for palm oil products, would be available for internationalplayers from the first quarter next year, said chief executive officer ofEcomex Palm Oil (M) Sdn Bhd, Akib Sebli.
E-Registration Will Create More Efficient Platform
KUALA LUMPUR, Aug 22 (Bernama) -- e-registration, an electronic submissionsystem, will mutually benefit the palm oil industry and the Malaysian PalmOil Board (MPOB), said its head of trade development unit, Jamil Nordin.
Go For Global R&D Partners, Says Official
KUALA LUMPUR, Aug 22 (Bernama) -- In view of the lack of active researchand development (R&D) on agricultural products in Malaysia, it isessential for the country to work with leading R&D groups worldwide sothat Malaysian R&D can be more effective, said a Malaysian Palm OilAssociation (MPOA) official Chew Poh Soon.
India Wants JV Partners For Oil Refinery
KUALA LUMPUR, Aug 22 (Bernama) -- Malaysia's palm oil industry playerskeen on having a partnership in oil refinery, would have a goodopportunity to do so with a company from India which wants to foray intothe edible oil sector.
Oils & Fats Industry Must Take Part In Regulatory
KUALA LUMPUR, Aug 22 (Bernama) -- It is vital for the oils and fatsindustry to ensure the continuous participation in regulatory decisionmaking at both the national and international level.
US, EU rapped over edible oil support
PRIMARY Industries Minister Datuk Seri Dr Lim Keng Yaik yesterdaycriticised the United States and some European countries, which produceedible oils, for providing various backups to their farmers to grow morein times of supply glut.
