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1-10 results from 384 for query «cpo»

May 16, 2018 1:41 PM June CPO export tax to stay at 5%

KUALA LUMPUR: Malaysia, the world’s second-largest palm oil producer, kept its crude palm oil export tax at 5% in June, according to the Malaysian Palm Oil Board today, citing the national customs department. The Southeast Asian nation calculated a palm oil reference price of RM2,421.19 per tonne for June. Any price above RM2,250 incurs a tax. Malaysia 12

April 16, 2018 1:05 PM India’s palm oil imports higher due to Malaysia’s duty suspension

File picture shows a worker unloading oil palm fruits from a lorry inside a palm oil factory in Salak Tinggi, outside Kuala Lumpur August 4, 2014. — Reuters picNEW DELHI, April 16 — India’s palm oil imports for the five-month period to March 2018 increased to 3.79 million tonnes from 3.55 million tonnes a year earlier, thanks to Malaysia’s export duty suspension 16

April 7, 2018 2:32 AM Police merely following SOP, says Ahmad Zahid

GEORGE TOWN: The police force should not be demoralised if they are accused by certain quarters of not fulfilling their duties. Instead they should realise that the police are just following the standard operating procedures, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi (pix) said today. "The police should not feel provoked or disheartened 8

March 27, 2018 6:41 AM Crude palm oil export scheme strengthens market price, says deputy minister

Deputy minister Datuk Datu Nasrun Datu Mansor (centre) receiving newly appointed Minister of Plantation Industries and Commodities Datuk Mah Siew Keong at Bangunan MPIC in Putrajaya June 28, 2016. — Bernama picKUALA LUMPUR, March 27 — The Crude Palm Oil (CPO) Export Scheme, which entailed the suspension of export tax on the product, has reduced the palm oil stockpile 11

January 26, 2018 2:01 PM Malaysia asks India to review CPO import duty

Prime Minister Datuk Seri Najib Razak pays tribute to his Indian counterpart Narendra Modi in conjunction with the Asean-India Memorial Summit in New Delhi, January 26, 2018. — Bernama picNEW DELHI, Jan 26 — Malaysia hopes India would review its import duty on Malaysian crude palm oil (CPO) which was raised to 30 per cent from 15 per cent previously 10

January 9, 2018 8:43 AM Palm oil export earnings forecast to hit RM80b in 2018

Mah said the government has forecast that the production of CPO will exceed 20 million tonnes for this year. — Reuters picKUALA LUMPUR, Jan 9 — The government is optimistic in obtaining RM80 billion in revenue for crude palm oil (CPO) export earnings this year, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said today. “We are confident 18

November 23, 2017 8:19 AM FGV sees lower CPO prices in first half of 2018 on market competition

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) foresees slightly lower crude palm oil (CPO) prices of between RM2,500 and RM2,700 per metric tonnes moving into the first half of 2018. This is due to market competition from its rival soybean oil and the recovery of palm oil plantations, said group president and CEO Datuk Zakaria Arshad at a media 13

September 11, 2017 2:15 AM Affin Hwang Research retains Neutral on plantations

KUALA LLUMPUR: Affin Hwang Capital Research is maintaining its Neutral sector rating for plantations and Genting Plantations is its top pick. It said on Monday that based on the companies it covered and based on the 2Q17 results, it has Buy ratings on Genting Plantation and Ta Ann. It has Hold ratings for KL Kepong, Felda Global, Sime Darby, IJM Plantation 23

September 4, 2017 4:47 AM Indonesia palm oil output, exports likely rose in July

A worker unloads palm fruit at a local palm oil factory in Langkat in Indonesia’s north Sumatra province in this file photo taken October 31, 2012. — Reuters picJAKARTA, Sept 4 — Indonesia’s crude palm oil output likely rose in July, a Reuters survey showed, as production started to increase in line with the typical rise that occurs at this point in the annual 17

August 28, 2017 1:39 PM IOI Corp FY17 earnings up 18% on plantations to RM743m

KUALA LUMPUR: IOI Corporation Bhd's earnings rose 18% to RM743mil in the financial year ended June 30, 2017 from RM629.70mil in FY17 due mainly to higher contribution from the plantation segment. The oil palm heavyweight announced on Monday its revenue rose 20% to RM14.127bil from RM11.739bil a year ago. IOI Corp's profit before tax (PBT) rose 13% to RM1.087bil from RM965.80mil a year ago. It also announced 8