Oriental plans to expand land-bank in Indonesia


  • Business Premium
  • Saturday, 07 Jun 2014

GEORGE TOWN: Diversified conglomerate Oriental Holdings Bhd plans to increase its oil palm plantation land-bank especially in Indonesia, says group chief financial officer Adrian Wong Tet Look.

He said the plantation segment would remain the main revenue driver for the group in the financial year ending Dec 31, 2014, amid likely higher prices of crude palm oil (CPO), palm kernel and fresh fruit bunches (FFB) due to tighter supplies and rising biodiesel demand from Indonesia and Malaysia.

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