News
M’sia May Hire Bangladeshi Once The Economy Improves
DHAKA: Malaysia will consider recruiting Bangladeshi workers again once the economy returns to its old trajectory, as demand for workers in various sectors will surge. Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said the main reason for the freeze on foreign workers intake ...
Malaysia To Stem Decline In Palm Oil Exports To Bangladesh
DHAKA: Malaysia is ramping up efforts to reverse the decline pattern in exports of palm oil to Bangladesh, which has dropped significantly this year compared to 2008. Last year, 217,264 metric tonnes of palm oil were exported to Bangladesh, but from January to October this year, the export figures s...
CPO Futures Likely to be Rangebound
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to be in rangebound trading next week with less trading activities following the recent data released by Malaysian Palm Oil Board (MPOB), dealers said. During the week, the MPOB reported lower-than-expected stock data, disclosin...
Unilever Scraps Palm Oil Deal With Sinar Mas
LONDON: Consumer goods company Unilever, the world’s largest user of palm oil, has suspended purchases of edible oil from Indonesian group Sinar Mas on concerns over rain forest destruction. Unilever, which uses palm oil in such products as Dove soap, Ben & Jerry ice cream, and margarines ...