News
CPO Futures End Lower on Lack of Buying Interest
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday on lack of strong buying interest, dealers said. They said lower crude oil and soyaoil prices also weighed down the buying momentum. “Some players stayed on the sidelines awaiting fresh news on the direction of p...
Sime Darby Takes Lead in Using Biofuel
Despite several challenges especially the high cost of producing bio-fuel, the Sime Darby Group is walking its talk and taking the lead in showing Malaysians that biodiesel will be fuel of the future. The group today had its fleet of diesel engine cars and four-by-four vehicles, used by its senior m...
KL Biodiesel Mandate Begins in June 2011
Malaysia, the second-largest palm oil producer, will make it compulsory for vehicles to use biofuel blended from the commodity starting from June 2011, the Plantation Industries and Commodities Ministry said today. The government will make the use of the so-called B5 blend mandatory in stages, start...
CPO Futures Up in Line With Steadier Soyaoil
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher yesterday in line with steadier soyaoil prices, dealers said. They said speculation of lower palm oil production for this month due to the dry weather also supported prices in trading higher. “It’s pretty much an une...
Green Options to Reduce Sabah’s Power Shortage
Power generation from biomass is good for the environment, but it is not the only solution, says Sabah’s Minister of Tourism, Culture and Environment The Sabah state government views Tenaga Nasional Bhd’s (TNB) Small Renewable Energy Programme as an environment-friendly option that can r...
CPO End Mixed
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed mixed yesterday on lack of strong buying, dealers said. The release of higher export figures for the first 20 days of March by cargo surveyor Intertek Testing Services (ITS) had provided buying interest in the morning session. However...
