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Genting not shareholder, never given shares: FGV
KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) yesterday has again clarified that Genting Bhd is not a shareholder of FGV, and that it has not granted any shares to Genting during and after the...
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Palm oil prices expected to dip before recovering
PETALING JAYA: VEGETABLE oil traders forecast palm oil prices will dip below RM2,250 a tonne before climbing back to RM2,700 by year-end.A technical analyst with CIMB Futures Teoh Ghim Meng thinks the...
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Planters appeal over health insurance plan
MIRI: Oil palm and rubber plantation firms, which are already footing the medical bills of their foreign workers, are pressing on with its appeal to the government to reconsider implementation of the...
View ArticleDo more to defend palm oil, RSPO told
This is written by my colleague at Sabah bureau, Kristy Inus.KOTA KINABALU: The Roundtable on Sustainable Palm Oil (RSPO) has to be more pro-active in defending the palm oil industry's position."The...
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TH Plantations buys more land from parent
KUALA LUMPUR: Shareholders of TH Plantations Bhd (THP) gave the thumbs-up to a half-a-billion-ringgit deal to buy more agricultural landbank from its parent Pilgrims Fund Board or Lembaga Tabung Haji...
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French Senate rejected ‘Nutella Tax’
KUALA LUMPUR: THE French Senate yesterday, had tentatively, rejected a 400 per cent tax hike on palm oil shipped into France. If the proposal was passed, it would undermine Malaysia and Indonesia’s oil...
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Indonesia's GAR issue RM1.5b sukuk
KUALA LUMPUR: Golden Agri-Resources Ltd (GAR)'s unit, Golden Assets International Finance Ltd, has issued RM1.5 billion Islamic medium-term notes (IMTNs) pursuant to its 15-year ringgit-denominated...
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IOI Corp Q1 net profit more than doubles
KUALA LUMPUR: IOI Corp Bhd's first quarter net profit ended September 2012 more than doubled to RM604.3 million from a year ago, thanks to stronger contribution from its property development and...
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'Side effects' of China's new edible oil controls
KUALA LUMPUR: China's new quality control rules on imported edible oils may spur food price inflation and possibly wastage if not properly implemented.China is Malaysia's biggest export market, while...
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An industry rises to the occasion
What has palm oil got to do with condoms? Surprise! Surprise! It's in the lubricant and spermicide.BOOST FOR MALAYSIAN RUBBER: Three decades after HIV/AIDS reared its ugly head, millions are still...
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Genting Plantations bets on genomic research
KUALA LUMPUR: Genting Plantations Bhd is betting on genomic research to boost its fresh fruit bunch (FFB) yield by 15 per cent to 27 tonnes/ hectare/year, as it plant up more designer oil palms, said...
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Health benefits of red palm oil
This is written by my colleague Bilqis Bahari.RED palm oil, though having been in existence for several centuries, is now seen as the preferred solution for various health conditions, particularly...
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Pisang goreng ..mmm..my favourite
Not all oils perform well under high temperatures. Tan Bee Hong finds out that palm oil has a high smoke point which makes it a stable oil for deep fryingFRIED chicken, banana fritters, keropok...
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Palm oil refiners heave a sigh of relief
This is written by my colleague Rupa Damodaran.KUALA LUMPUR: PALM oil refiners yesterday heaved a sigh of relief with the government's new export tax structure for 2013, which they say will help...
View ArticleHotline for Sabah planters
The Ministry of Plantation Industries and Commodities, will continue to ramp up activities to support the already soft crude palm oil prices (CPO) from falling further.In a statement yesterday, the...
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Brighter future for oleochemicals
Malaysia's oleochemical producers have suffered unfair competition when Indonesia restructured its palm oil taxes to woo downstream investments to its shores. But as Malaysia is set to change its tax...
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China to enforce rules on palm oil
KUALA LUMPUR: Malaysia’s palm oil exporters will be trading at their own risk when selling cooking oil to China as the world’s most populous nation seeks to enforce rules, which were introduced in...
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I remember you!!
When I attended Tun Dr Lim Keng Yaik's funeral recently, I thought back to the time when I first sat in the front row seats of a palm oil press conference hosted by him many, many years ago.He pointed...
View Article'95pc of palm oil to China meets rules'
BANGI, Selangor: THE Malaysian Palm Oil Board (MPOB) assures that 95 per cent of palm cooking oil shipments into China have met the quality control specifications introduced there since 2009."Based...
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Challenging times ahead
Malaysia's palm oil exports are expected to shrink to about RM70 billion this year. Refiners explain to OOI TEE CHING how overseas policy changes have and will continue to shape export trends.SEPTEMBER...
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