Berita Arkib

20/03/2008 (Press Information Bureau (PIB)) - Government has been keeping a close watch on the domestic and international prices of essential commodities, particularly food items such as wheat, rice, pulses, and edible oils so as to keep inflation under check. It has also taken appropriate fiscal measures from time to time to achieve this objective. Full exemption from customs duty available to wheat has been extended beyond the expiry date of 31st December, 2007 and wheat flour has also been fully exempted from customs duty.

21/03/2008 (English Chosun) - Most Koreans are now aware that the prices of black bean-sauce noodles and instant noodles have risen because Americans are using corn ethanol to fuel their automobiles. As a consequence of feeding human foodstuff to motor vehicles, 800 million hungry people in the world grow hungrier. And studies show that using ethanol in automobiles is of little help in reducing greenhouse gases.

21/03/2008 (The Economic Times), Kolkata - As trade negotiations between India and Malaysia on a Comprehensive Economic Co-operation Agreement (CECA) progress, Indian Institute of Foreign Trade (IIFT) has identified several products which have high export potential to Malaysia. The list includes auto components and parts, iron and steel and related products, textiles, electrical and mechanical machinery and their spares.

21/03/2008 (The Economic Times), New Delhi - The India-Asean free trade agreement (FTA) seems to have come within clinching distance, though the month-end deadline for concluding the negotiations will not be met. In the recent high-level officials meeting in Cambodia, the Indian side managed to make the Asean members happy with their side of offers. The Asean countries, especially Indonesia, however, have to come up with some more concessions to seal the deal.

20/03/2008 (Domain-b), Mumbai - The government has decided to slash import duties on edible oils, as it seeks to moderate inflation, which rose to an 11-month high of 5.92 per cent for the week ended March 8.

19/03/2008 (The Star Online), Kuala Lumpur - IOI Corp Bhd has proposed to acquire major stakes in several plantation companies in Sarawak that own a combined 44,350ha in the state for RM439.85mil.

18/03/2008 (The Star Online), Petaling Jaya - IOI Corporation Bhd is expanding its oil palm plantations in Sarawak by proposing to acquire a major stake in several companies for RM439.85mil.

18/03/2008 (Indlaw News) - The Kerala HighCourt has declined to stay a single judge order ratifying the ban on import of palm oil through ports in the state.

18/03/2008 (The Hindu Business Line) - The Centre has banned exports of all edible oils from the country as a measure to curb their rising prices and check inflation. In a notification issued late on Monday, the Directorate-General of Foreign Trade, an arm of the Commerce Ministry, said the ban, with immediate effect, would be applicable for one year.

18/03/2008 (Bloomberg) - India, the world's second-biggest buyer of vegetable oils, banned exports of all edible oils to boost local supplies amid concern a smaller winter oilseed crop may worsen a shortage.

18/03/2008 (Business Standard) - The government has banned export of edible oil for one year to check rising domestic prices and control inflation. The ban will be in place till March 16, 2009.

19/03/2008 (The News-International, Pakistan) - PRICES of edible oil and ghee further declined in the wholesale market Tuesday, following a decrease in international palm oil rates, while the retailers have also lowered prices - for the first time after a sharp increase was registered previously.