News
MIDA encourages palm oil industry players to apply for industry4WRD DISF
KUALA LUMPUR (Nov 23): The Malaysian Investment Development Authority (MIDA) is encouraging the Malaysian palm oil industry to apply for the Industry4WRD Domestic Investment Strategic Fund (DISF). Executive director of manufacturing development (resource) Mohamad Ismail Abu Bakar said MIDA is commit...
In Sabah, pandemic rages as migrants flee testing
KUALA LUMPUR (Nov 23): Some flee on boats. Some hide in the stilts under their homes. Others run into the woods. All across the Sabah region on Borneo island, stateless residents and undocumented migrants are fleeing public health officials conducting coronavirus screenings, fearful of being detaine...
Ministry launches ’Sawit Anugerah Tuhan’ campaign
KUALA LUMPUR, Nov 19 — The Ministry of Plantation Industries and Commodities (MPIC) has launched the “Sawit Anugerah Tuhan” (Oil Palm the Gift of God) campaign with the aim of appreciating the great contribution of the palm oil industry to the country, ...
RM348m revenue from palm oil windfall profit levy this year
KUALA LUMPUR: The government is expected to collect a potential revenue of RM348 million from the palm oil Windfall Profit Levy in 2020 compared to only RM256,000 in 2019 following rising crude palm oil (CPO) prices, the Ministry of Plantation Industries and Commodities said. It said this was based ...
Palm oil exports up due to Diwali demand, says CGS-CIMB
KUALA LUMPUR: Palm oil exports rose 4 per cent month-on-month (mom) and 2 per cent year-on-year (yoy) to 1.67 million tonnes in October due mainly to stronger demand from India, Pakistan and the US. “We suspect this could be partly due to attractive crude palm oil (CPO) price discount against ...
Malaysia’s October palm oil stocks at three-year low on export strength, tight output
KUALA LUMPUR (Nov 10): Malaysia’s palm oil inventories in October slumped to their lowest in more than three years, down 8.6% on-month, on lower production and as seasonal buying from key importer India lifted exports, according to an industry regulator on Tuesday. Inventories in the wor...
