|
Sales tax on palm kernel oil could increase input costs of Malaysian oleochemicals players — CIMB Securities
Patanjali gets 1.5 mn palm oil seeds from Malaysian state agency under 5-year deal
Palm oil to enjoy lower tariffs with new European trade deal
Rethinking taxation in the palm oil industry
Palm gains higher on Chicago's soyoil, crude oil rally
Malaysian palm oil futures rose for the third straight session on Monday, tracking gains in Chicago soyoil after the US proposed increasing biofuels blending, and supported by the crude oil rally following tensions in the Middle East
Indonesia and EU near major trade deal, promising zero tariffs on key exports
The Indonesian government has announced significant progress in finalizing a trade agreement with the European Union that could lead to zero tariffs on key Indonesian exports such as textiles, fishery products, footwear, and crude palm oil (CPO).
Japan increases biomass imports from Indonesia
At a recent business forum organised by Indonesia’s Ministry of Trade in Osaka, Japan, Japanese companies pledged to import 640,000 tonnes of Indonesian biomass products, including palm kernel shells and wood pellets
Palm oil jumps above RM4,000 mark to track soy oil, crude
Investors are bracing for any attacks on energy infrastructure and shipping in a region that produces around a third of the world’s crude
Malaysia’s oleochemical sector could face increased input costs starting July 1, as palm kernel oil, previously exempt from the sales and service tax (SST), will now be subject to a 5% sales tax, according to CIMB Securities.
Hike in petrol, diesel prices announced
The federal government announ-ced on Sunday a substantial increase in petroleum product prices, effective June 16, 2025, for the upcoming fortnight. This decision comes as the global oil market experiences an unprecedented surge following Israel attack on Iran.
How Malaysia’s palm oil industry is cultivating a greener tomorrow
Observed annually on June 5, World Environment Day is a pivotal global platform, with its recurring calls for individuals, communities and industries to rally together to solve pressing environmental challenges
Oil prices climb as Israel-Iran conflict heightens supply disruption fears
Oil prices climbed in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely disrupt oil exports from the Middle East.
Oil prices, subsidy delay may derail Malaysia's revenue target
Malaysia may fall short in achieving its revenue target this year due to soft oil prices and possible delays in the RON95 fuel subsidy rationalisation, some economists say.
