Latest News

MARKET DEVELOPMENT
22-12-2022

Indonesia says bauxite export ban to proceed as scheduled in June 2023

21/12/2022 (The Edge Markets), Jakarta - Indonesia will ban exports of bauxite, the main ore source of aluminium, starting from June next year to encourage domestic processing of the material, President Joko Widodo announced on Wednesday (Dec 21).

MARKET DEVELOPMENT
22-12-2022

No more delay to implementation of amendments to Employment Act 1955, says HR Minister

21/12/2022 (The Edge Markets), Putrajaya - The government is keeping to its stance to implement amendments to the Employment Act 1955 starting Jan 1 next year, including the requirement that approval is needed from the Labour Department's director-general prior to the recruitment of foreign labour.

MARKET DEVELOPMENT
22-12-2022

Bursa Malaysia slightly lower in early trade

21/12/2022 (The Malaysian Reserve) - Bursa Malaysia opened slightly lower on Wednesday despite gains on Wall Street overnight amid market jitters on interest rates following Bank of Japan’s (BoJ) move to tighten its monetary policy, said an analyst.

MARKET DEVELOPMENT
22-12-2022

EU has no choice but to accept a more powerful Asean: Jakarta Post contributor

20/12/2022 (The Star Online), Jakarta - Just one month after chairing the internationally applauded Group of 20 (G-20) Summit, bringing together the leaders of the world’s largest 20 economies in Bali, President Joko “Jokowi” Widodo played a leadership role for the 10-member Asean during the summit to commemorate 45 years of its relationship with the 28-member European Union in Brussels on Wednesday (Dec 21).

OILS & FATS
21-12-2022

Palm oil retreats on signs of weaker demand for Malaysian exports

20/12/2022 (The Edge Markets) - Palm oil slipped after two days of gains, as a drop in exports from Malaysia stoked concern about weaker demand.

MARKET DEVELOPMENT
21-12-2022

MPIC: Smart palm oil factory should align with industry growth

20/12/2022 (New Straits Times), Kuala Lumpur - The concept of a smart palm oil factory should be the direction of the oil palm industry as it is able to give a new dimension to the aspect of efficiency, the Ministry of Plantation Industries and Commodities urged.

OILS & FATS
21-12-2022

Shortage of labour in palm oil sector to ease next year, says MPOB DG

20/12/2022 (New Straits Times), Kuala Lumpur - Acute labour shortages impacting the domestic palm oil sector will not be fully resolved next year, despite industry players and government agencies shifting their attention to other countries for labour resources.

OILS & FATS
21-12-2022

Palm oil industry must be ready to accept new technology changes, says DPM Fadillah

20/12/2022 (Malay Mail) - The palm oil industry must always be prepared to embrace changes in terms of new technologies amid these challenging times, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

MARKET DEVELOPMENT
21-12-2022

MPOB: CPO price to rise to RM4,500 a tonne next year, smart palm mills to be completed in 2024

20/12/2022 (The Edge Markets), Kuala Lumpur - The construction of a smart palm oil mill initiative by the Malaysian Palm Oil Board (MPOB) in collaboration with Fusionex Group is expected to be completed by the end of 2024, and it will start operating early in 2025.

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