News
Palm Has Second Weekly Loss
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Palm Oil Sector Needs More Money for R&D
Malaysia’s palm oil industry, which accounts for 70per cent of the country’s agriculture sector, wants more money for research, better infrastructure and incentives for biofuel ventures under Budget 2010. Malaysian Palm Oil Board chairman Datuk Sabri Ahmad said the industry needs more fu...
‘PPB may use sale proceeds to buy more of Wilmar’
PPB Group Bhd (4065) may use the money from the sale of its sugar business to either raise its stake in Wilmar International Ltd or give it back to shareholders, say analysts. “The PPB management has said before that it would like to increase its stake in Wilmar International,” a plantat...
Charges are without merit
TAN SRI DR YUSOF BASIRON CEO, Malaysian Palm Oil Council The letter from Sean Whyte of the London-based non-governmental organisation Nature Alert (“Palm oil industry must get out of denial mode” — NST, Oct 23) contains several baseless and erroneous accusations about the palm oil ...
American Palm Oil Council (APOC) to Move to Washington
The American Palm Oil Council (APOC), funded by Malaysian government, is about to be relocated from Los Angeles to Washington D.C. “Apoc needs to be closer to the US lawmakers. We need to be in Washington D.C. to better engage with President Obama’s team and other policymakers,” sa...
IOI Eyes US$232 Million Refinery Expansion
IOI Corp, Malaysiaís second-largest palm oil producer, will invest one billion ringgit (US$292.4 million) to boost its refineries to meet strong global demand for palm oil, the New Straits Times reported, citing its chairman. IOI shareholders yesterday approved the companyís RM1.2 billion rights off...
