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AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Windfall Tax On Oil Palm To Involve 3,661 Plantations
15/07/2008 (Bernama), Putraya - A total of 3,661 oil palm plantations in the country will be paying a windfall profit levy effective today with the government's decision to exempt smallholders having less than 40 hectares of plantation land, from paying the tax.
UPDATE 1-Malaysia\'s Sime says to build $103 mln CPO refinery
15/07/2008 (Reuters, USA), Kuala Lumpur - Malaysian's top palm oil company Sime Darby will spend 330 million ringgit ($102.5 million) to build a refinery to process crude palm oil, its chief executive said on Tuesday.
Parliamentary select committee visits oil palm industries in Ashanti
15/07/2008 (Accra Daily Mail) - Mr Akenten Appiah-Menkah, Managing Director of Appiah-Menkah Apino Soap in Kumasi, has called for the establishment of a Palm Oil Development Board to handle issues on the industry.
Tax office intensifying tax collection
16/07/2008 (The Post Jakarta) - The tax office remains confident of achieving its full-year tax target, despite collecting only 42 percent of the figure in the first half of the year, or Rp 265.18 trillion (US$28.82 billion).
Govt To Collect RM2.3 Bln From Windfall Profit Levy On Palm Oil
14/07/2008 (Bernama), Putrajaya -- The Ministry of Finance is expected to collect RM2.3 billion in windfall profit levy from oil palm estate owners in the next 12 months.
Price of vegetable oil goes up by 15%
14/07/2008 (The Tide Online) - There has been a 15 per cent increase in the price of vegetable oil in some major towns in Delta.
Palm Olein imports surge as duty differential falls
14/07/2008 (The Hindu Business Line), Chennai - RBD palmolein witnessed record import during June, thanks to its effective Customs duty declining to 2.8 per cent.
Veg oil imports buoyant, rise 12 per cent in Nov-Jun
15/07/2008 (Business Standard) - The country's import of edible and non-edible oil jumped 12 per cent during the eight months ended June 30, as against the corresponding period a year ago, according to figures released by the Solvent Extractors' Association of India (SEA).
Sustainability = People + Planet + Profit
14/07/2008 (Biodiesel Magazine) - Palm oil has taken the lead in world production of vegetable oils in recent years and is now poised to lead in another area. It is the first commodity to develop a certification program to meet the emerging market demand for sustainable production. This concept is not new to the food industry—certification systems have existed for years in niche markets such as organic, kosher and halal. Certified sustainable palm oil is charting new territory for commodity crops, however, by expanding the areas of concern far beyond environmentally friendly production practices to include corporate social responsibility, and conservation of natural resources and biodiversity.
