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Felda Global may sell Tradewinds stake
This is written by my colleague Zaidi Isham Ismail.KUALA LUMPUR: FELDA Global Ventures Holdings Bhd (FGV) may sell its 20 per cent stake in Tradewinds (M) Bhd, worth an estimated RM551.5 million, to...
View ArticleLet's scream for ice cream!
Here's a short video on YouTube that explains how ice cream is made from palm oil. Non-dairy ice cream is suitable for those who are allergic to cow's milk.
View ArticleChina stockpiles hurt CPO prices
KUALA LUMPUR: PALM oil dropped to the lowest level in more than two weeks after a report that buyers in China, the largest consumer of cooking oil, built the biggest-ever stockpiles before the country...
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Rising costs worry oil palm planters
The minimum wage law, which took effect on January 1, is meant to incentivise corporate Malaysia to be less reliant on cheap labour. However, the Malayan Agricultural Producers Association tells Ooi...
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Minimum wage: Decision on inclusions next week
KUALA LUMPUR: THE government is unlikely to backdate the implementation even if the Cabinet agrees to a proposal to include several costs and the RM1,250 annual levy into the minimum wages.Effective...
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Sarawak oil palm planters to cut jobs
KUALA LUMPUR: Oil palm planters in Sarawak will be forced to cut jobs if employers' burden is not eased as the minimum wage law came into force two weeks ago.Effective January 1, employers must pay a...
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Another month of zero tax on CPO exports
This is written by my colleague Sharen Kaur.KUALA LUMPUR: THE government will maintain the current zero export tax on crude palm oil (CPO) for February as the base price is still below RM2,250 a tonne,...
View ArticleQSR, KFC privatisation to conclude soon
This is written by my colleague Zaidi Ismail.KUALA LUMPUR: The RM5.2 billion privatisation of KFC Holdings (M) Bhd and its parent QSR Brands Bhd will be completed on Monday, subsequently paving the way...
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'Moratorium on oil palm planting unacceptable'
As calls to stop planting oil palms on peat soil resurface, lawmakers tell OOI TEE CHING that timely communication of facts and figures of peat agriculture is imperative for the good of Malaysia's...
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Sime Darby sets benchmarks
KUALA LUMPUR: SIME Darby Bhd, which saw a strong demand for its first US dollar-denominated islamic bond, has priced the US$800 million (RM2.43 billion) two-tranche sukuk at record low yields, setting...
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The high cost of minimum wage
MEF talks on behalf of oil palm planters in Peninsular Malaysia, Sabah and Sarawak.Planters, especially smallholders who depend on contractors hiring foreign workers to harvest fresh fruit bunches, are...
View ArticleMexico's vegetable oil tax move offers opportunities
KUALA LUMPUR: Mexico's decision to exempt import duties on various types of vegetable oils opens up greater opportunities for Malaysian exporters venturing into the market, says Malaysia External Trade...
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FGV: Start using B10
This is written by my colleague Zaidi Ismail.KUALA LUMPUR: MALAYSIA must implement the use of B10 biofuel now to help lift weak crude palm oil (CPO) prices as well as reduce national stockpile.The B10...
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Bosses no longer have to pay foreign workers' levy
KUALA LUMPUR: The government yesterday announced that the levy on foreign workers will be borne by them and will no longer be paid by their Malaysian employers.Second Finance Minister Datuk Seri Ahmad...
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Mewah revives RM200m Lahad Datu refinery plan
KUALA LUMPUR: MEWAH Group, Malaysia's second biggest palm oil refiner, has revived the installation of its RM200 million refinery in Lahad Datu following the government's decision to restructure crude...
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Robert Kuok says empire can last generations
HONG KONG (Bloomberg) -- WHEN billionaire Robert Kuok introduced a luxury hotel brand in 1971, he named it Shangri-La, after the fictional utopia in which inhabitants enjoy unheard-of...
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Palm oil exports to do better this year
PUTRAJAYA: PALM oil exports for this year are expected to improve as prices are beginning to climb, Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said.The restructuring of the...
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CHGS investors terminate scheme
Seri Kembangan, Selangor: NINETY-NINE per cent of the Country Heights Grower Scheme (CHGS) investors yesterday voted for early termination of the scheme and accepted Tan Sri Lee Kim Yew's proposed RM25...
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Chocolate makers find passion for specialty fats
DESIRABLE INGREDIENT: Valentine's Day is a celebration of love and romance. Apart from flowers and candlelit dinners, there's that almost obligatory gift of chocolates. A specialty fats maker tells Ooi...
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Cooking sumptuous feast with palm oil
As families gather for Chinese New Year reunion dinners, a housewife tells OOI TEE CHING that the traditional dishes are best prepared with palm cooking oil.NGAI Wai Heng, a Cantonese, learnt to...
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