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Malaysia-Indonesia to jointly combat anti-palm oil campaigns

Malaysia-Indonesia to jointly combat anti-palm oil campaigns

KUALA LUMPUR: Indonesia and Malaysia will embark on more joint-ministerial missions to western countries to better tackle mounting barriers to palm oil trade. In a telephone interview with Business Times today, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said Indonesia and Malaysia are tightening co-operation as anti-palm oil campaigns are stunting the […]

December 23, 2016 | By | Reply More
Felda-Eagle High deal will boost CPOPC agenda, says Rajawali Group

Felda-Eagle High deal will boost CPOPC agenda, says Rajawali Group

KUALA LUMPUR: Indonesia’s Rajawali Group says its partnership with Malaysia’s Federal Land Development Authority (Felda) will provide the momentum for stronger ties between the world’s largest palm oil producers. Felda announced today that it had signed a deal with Rajawali to acquire a 37 per cent stake in the latter’s PT Eagle High Plantations Tbk […]

December 23, 2016 | By | Reply More
Felda's full statement on Eagle High Plantations acquisition

Felda's full statement on Eagle High Plantations acquisition

The following is a statement by Felda on its stake acquisition in PT Eagle High Plantations: KUALA LUMPUR: Federal Land Development Authority (FELDA) through its subsidiary, FIC Properties Sdn Bhd (FICP) has signed a Sale and Purchase Agreement (SPA) with Rajawali Group to acquire a significant stake in the latter’s PT Eagle High Plantations Tbk […]

December 23, 2016 | By | Reply More
Thailand, Indonesia, Malaysia to promote local currency use for trade, business

Thailand, Indonesia, Malaysia to promote local currency use for trade, business

BANGKOK: The central banks of Thailand, Indonesia and Malaysia agreed on Friday to promote use of their currencies for trade and investment among the three nations, the latest move by emerging economies to reduce exposure to volatile global markets. The Bank of Thailand and Bank Negara Malaysia each signed a memorandum of understanding with Bank […]

December 23, 2016 | By | Reply More
Award winning banker Raja Teh Maimunah to join Ambank Group next year

Award winning banker Raja Teh Maimunah to join Ambank Group next year

KUALA LUMPUR: Raja Teh Maimunah Raja Abdul Aziz, currently the chief executive officer (CEO) of Hong Leong Islamic Bank Bhd (HLISB) is set to join AmBank Group upper management team come next year. Raja Teh, who was previously the Global Head of Islamic Market at Bursa Malaysia prior to joining HLISB in 2011, is currently […]

December 23, 2016 | By | Reply More
PT Eagle High Plantations FFB output expected to increase 12%

PT Eagle High Plantations FFB output expected to increase 12%

KUALA LUMPUR: PT Eagle High Plantations Tbk (EHP) expects its fresh fruit bunch (FFB) production in Q4/2016 to rise by 12 per cent when compared to the same period last year. The assessment was based on the relatively young age of most of their oil palm trees and the weakening impacts of El Nino this […]

December 23, 2016 | By | Reply More
FGV on EPF shares sale: We respect shareholders' prerogative

FGV on EPF shares sale: We respect shareholders' prerogative

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) respects shareholders’ prerogative to buy or sell its shares. “We respect the views of our shareholders and we are cognizant of their prerogative to buy or sell our shares as per their investment priorities,” said FGV group president and chief executive officer Datuk Zakaria Arshad. He was […]

December 23, 2016 | By | Reply More
Felda said to have      sealed  Eagle High stake buy

Felda said to have sealed Eagle High stake buy

FEDERAL Land Development Authority (Felda) is believed to have concluded the stake purchase in PT Eagle High Plantations Tbk for around US$500 million (RM2.2 billion). Eagle High, which is listed on the Jakarta Stock Exchange, is an oil palm plantation unit of Rajawali Group, the flagship vehicle of Indonesian billionaire Peter Sondakh. “Felda is believed […]

December 23, 2016 | By | Reply More
Plantation firms, smallholders likely to reap further gains

Plantation firms, smallholders likely to reap further gains

KUALA LUMPUR: Local plantation companies and smallholders are likely to see further gain from the expected continued increase in crude palm oil (CPO) prices due to a potential limited supply until March next year and stable demand from China ahead of Chinese New Year. Another commodity, rubber, could also offer the same fortune to companies […]

December 23, 2016 | By | Reply More
PNB open to consolidation  for UMW Oil & Gas

PNB open to consolidation for UMW Oil & Gas

  KUALA LUMPUR: CONSOLIDATION may be on the cards for UMW Oil & Gas, following the recent uptrend in crude oil prices. Permodalan Nasional Bhd’s (PNB), Malaysia’s largest fund management company, is of the opinion that consolidation may be the way forward for the industry. PNB holds 58.19 per cent stake in UMW Holdings Bhd, […]

December 23, 2016 | By | Reply More