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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.

Revamping Tabung Haji

IN the office of Lembaga Tabung Haji’s (TH) group managing director and chief executive officer, Datuk Seri Zukri Samat, sits a caricature of him in an Arsenal jersey wishing him all the best for his 60th birthday.

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.