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Hopes of progress in US-China talks lift KLCI

KUALA LUMPUR: Blue chips crept higher early Friday as investor appetite for equities improved on hopes of a quicker resolution to the US-China trade war which had battered Asian markets in recent months.

Govt to prioritise completing report to turnaround Felda

KUALA LUMPUR: The Ministry of Economic Affairs (MEA) has outlined several priorities for 2019 and it includes completion of the White Paper on the Federal Land Development Authority's (Felda) turnaround plan.

Palm oil must seek new demand ahead of EU curbs, says Sime

KUALA LUMPUR: Palm oil industry needs to find new sources of demand to offset potential losses from the European Union’s move to ban palm-based biodiesel, according to Mohd Haris Mohd Arshad, Chief Operating Officer for downstream business at Sime Darby Plantation.

Blue chips stage rebound on PetDag, KLK gains

KUALA LUMPUR: Blue chips started Thursday on a firmer footing with the FBM KLCI staging a rebound, underpinned by plantations and Petronas Dagangan, in line with the positive key Asian markets.

Slow replanting of palm a blow to Indonesia's efforts on environment

JAKARTA: An ambitious scheme to replant about a fifth of the land under palm oil in Indonesia is running far behind schedule, marking a blow to efforts by the world's top producer to lift yields and fend off attacks on the sustainability of the crop.

President Joko Widodo(pic) launched the scheme in late 2017, but funding had been disbursed to replant less than 15,000 hectares by last November, against an initial 2018 goal of 185,000 hectares, according to data from the Coordinating Ministry for Economic Affairs.  "Since there has been a growing global backlash against palm oil, it is crucial the replanting programme is carried out as soon as possible," said Thontowi Suhada, a researcher at the U.S.-based World Resources Institute (WRI).

Palm falls on weaker US soyoil, crude oil prices

KUALA LUMPUR: Malaysian palm oil futures edged down on Wednesday, though remained range-bound, tracking weakness in soyoil overnight on the U.S. Chicago Board of Trade and crude oil prices.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,175 ringgit ($529.45) a tonne at the close of trade.  Trading volumes stood at 31,538 lots of 25 tonnes each at the end of the trading day.

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