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PETALING JAYA: Kim Loong Resource Bhd’s net profit for its third quarter ended Oct 31, 2018 dropped to RM16.83mil from RM28.27mil in the previous corresponding period, mainly due to lower fresh fruit bunches (FFB) production and palm oil prices.
KUALA LUMPUR: The Finance Ministry has set up a fund with an allocation of RM77mil to help the Federal Land Development Authority (Felda) settlers settle their outstanding payments.
JAKARTA: An Indonesian government decision to lower the levy on crude palm oil (CPO) exports to zero would remove incentives for local refiners, a palm industry refiner body said on Tuesday.
JAKARTA:Malaysian palm oil futures suffered their biggest fall in more than 21 months on Monday after Indonesia, the world's top palm oil producer, announced measures to increase shipments.
PETALING JAYA: The Federal Land Development Authority (Felda), the authority that is saddled with debts of RM8.05bil, is expected to see its cash balance drop to about RM100mil by year-end, hampering efforts for external funding, according to sources
KUALA LUMPUR: Fitch Ratings has affirmed palm-oil producer Sime Darby Plantation Bhd at BBB+ with a stable outlook while it is also positive on the latter's commitment to sustainable palm oil.