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TH-FGV company lodges report over plantations buy

KUALA LUMPUR: A Tabung Haji-FGV joint venture company, Trurich Resources Sdn Bhd (Trurich), has lodged a police report against five individuals for allegedly misleading the company in the acquisition of oil palm plantations in Indonesia totalling US$58mil between 2008 and 2009.

KLCI snaps two days of gains, IHH falls

KUALA LUMPUR: Blue chips snapped their two days of gains on Friday, as selling of IHH Healthcare, Tenaga Nasional and banks dragged the FBM KLCI into the red, in line with the weaker key Asian markets.

CPO prices likely to remain weak, says Fitch

PETALING JAYA: Crude palm oil (CPO) prices will remain weak in the coming months, trading close to RM2,000 a tonne, according to Fitch Solutions Macro Research.

Fitch said CPO prices were down 20% so far this year, as production growth was robust and import demand lacklustre which boosted stocks.