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Re-appeal for windfall tax abolishment
The Plantation Industries and Commodities Ministry will re-appeal to the Finance Ministry on behalf of oil palm planters to consider abolishing the windfall tax introduced in July 2008 if crude palm oil (CPO) prices climb back to above RM2,000 per tonne.
Move to barter palm oil with Arab countries
Malaysia is looking to barter palm oil with fertiliser ingredients from Arab-speaking countries to ease the burden of plantation owners.
Fixed-income investorsstill in for a bumpy ride
THIS year is likely to be another challenging year for fixed-income investors as the weak market sentiments that persisted in the 2H08 will continue in the current year.
Disappointing 2008 with KLCI losing nearly 39% amid global crisis
For investors, 2008 is a year which they wished to forget as soon as possible after the KL Composite Index (KLCI) fell 38.9%.
Tanjong expects stronger Q4 earnings
INDEPENDENT power producer Tanjong Plc, trading close to a historic low price-to-earnings ratio of 8.1 times, is expected to post stronger earnings for its fourth quarter ending Jan 31.
Sarawak planters hit rough patch
Many Sarawak-based plantation companies are facing tough sales and operational conditions following the drastic drop in crude palm oil (CPO) prices.
IPPs yet to pay two months’ windfall levy
INDEPENDENT power producers (IPPs) have yet to pay the levy for October and November as they are still awaiting the decision of the Finance Ministry on a proposal to restructure the payment period of the windfall profit tax.
Government looking at other choices besides IPPs
THE Government is considering other options to obtain electricity, apart from extending the contracts of the first generation independent power producers (IPPs), which will expire between 2015 and 2017, said Energy, Water and Communications Minister Datuk Shaziman Abu Mansor.
Cabinet Committee meeting on oil palm sector postponed
A meeting of the Cabinet Committee on Palm Oil Competitiveness, scheduled for yesterday, has been put off till end of the month.
