24 April, 2015
Salcra to Build New Palm Oil Mill in Merindun
SARAWAK Land Consolidation and Rehabilitation Authority (Salcra) has obtained approval from Malaysian Palm Oil Board (MPOB) to construct a new palm oil mill in Merindun in line with its development plan.
23 April, 2015
Halal Park to Tap Food and Products in POIC
LAHAD DATU: A halal park is being planned for the Lahad Datu Palm Oil Industrial Cluster (POIC Lahad Datu) to tap the potential in oil palm-based food and personal care products, as well as marine and fisheries-based manufactured products. The park, to cover 100 acres of the POIC Lahad Datu, will create opportunities for small and medium enterprises and make the district a new economic growth centre in Sabah. The plan was revealed by Datuk Dr Pang Teck Wai, the chief executive officer of state-owned POIC Sabah Sdn Bhd, during a briefing for a delegation from Malaysia Fishery Development Authority(LKIM) here recently.
22 April, 2015
Sabah Soon to Have World’s First Palm Oil Based Biorefinery Complex
Malaysia is set to become a key producer of sustainably produced raw materials for the manufacture of detergents, lubricants and plastics once the world’s first palm oil based bio refinery complex is operational in the east coast of Lahad Datu district.
21 April, 2015
Two Scientists Make Their Case for Sustainable Oil Palm Expansion
There is a complex paradox surrounding the humble oil palm. It is viewed as a “miracle plant” by the agro-food industry in the Northern hemisphere and farmers in tropical regions, yet denounced as an ecological threat by non-governmental organisations (NGOs) campaigning for the environment or the rights of indigenous people. In Palms Of Controversies: Oil Palm And Development Challenges, authors Alain Rival and Patrice Levang examine this strange dichotomy. Using facts and field experience, they study common conceptions about the oil palm, examining both its strengths and weaknesses as they analyse its history and future.
21 April, 2015
Malaysia To Spearhead Biorefinery Industry In Palm Oil Based Chemicals - Ewon
Malaysia will become a pioneer in producing high value oleo derivatives such as specialty chemical, olefins, saturated methyl ester and methyl ester sulfonate from palm oil. The bio-based technology that could be used to produce plastic and nylon products, would be developed through the Integrated Biorefinery Complex at the Palm Oil Industry Cluster (POIC) located in Lahad Datu.
20 April, 2015
Retain Marketing, PR to Lift Palm Oil’s Brand Image
A European Member of Parliamentarians, Amjad Bashir, urged the Malaysian Palm Oil Council (MPOC) and Malaysian Palm Oil Board (MPOB) to continue with sustaining their marketing and public relations initiatives to counter the strong criticism of European non-governmental organisations (NGOs) on the alleged damaging impact of oil palm cultivation on the environment.
17 April, 2015
Palm buyers seen delaying purchases to get duty-free cargoes from Malaysia
Malaysia's move to scrap its crude palm oil export tax in May will likely prompt India and China, the biggest buyers of the edible oil, to delay purchases to next month to get cheaper cargoes, industry sources said on Thursday. Malaysia's reduction of the export tax back to zero comes just as its biggest rival Indonesia, the top producer of the tropical oil, moves closer to laying on additional levies to its own palm exports to fund biodiesel subsidies and ambitious mandates rolled out earlier this year.
16 April, 2015
Malaysian Palm Oil Price Up for 4th Day to 1 Week High
KUALA LUMPUR: Malaysian palm oil futures rose to a one-week high on Wednesday, stretching gains into a fourth day as top grower Indonesia moved closer to laying on levies which may make its palm more expensive for importers. The Southeast Asian country plans to impose a levy of $50/tonne when the crude palm oil export tax is zero, where the money gained be used to fund new biodiesel subsidies and policies. The regulation will be implemented once approved by President Joko Widodo.
15 April, 2015
Palm Pulls Up for 3rd Day of Gains Indonesian Levies in Focus
KUALA LUMPUR: Malaysian palm oil futures ended higher on Tuesday, reversing some losses from the morning session on anticipation that tax levies from top producer Indonesia will soon be in place. Indonesia’s finance minister will sign a regulation on Tuesday to impose a levy of $50 a tonne on exports of crude palm oil, a senior government official said, bringing the proposal closer to taking full effect. The regulation can only be implemented when approved by President Joko Widodo.
15 April, 2015
Malaysia Cuts May Crude Palm Oil Export Taxes to Zero
KUALA LUMPUR: Malaysia, the world's second-largest palm grower, will scrap its crude palm oil export tax for the month of May against a 4.5 percent rate imposed in April, a government circular showed on Tuesday.