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Corporate News 28 Dec 2018 | 12:00 AM

Kim Loong net profit falls to RM16.8mil

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.

Corporate News 20 Dec 2018 | 8:58 AM

Finance Ministry's RM77m fund to help Felda settlers

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.

Plantations 27 Nov 2018 | 11:02 PM

Divided over Indonesian removal of levy on palm oil exports

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.

Markets 26 Nov 2018 | 11:35 PM

Malaysian palm oil price in biggest fall in 21 months as Indonesia axes export levy

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.

Corporate News 21 Nov 2018 | 12:00 AM

Felda needs govt guarantees for external funds, debts at RM8.05bil

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

Plantations 16 Nov 2018 | 12:00 AM

Sime Plantation ratings affirmed

Outlook seen stable with Fitch also positive on planter’s commitment to sustainable palm oil

Corporate News 15 Nov 2018 | 8:15 AM

Fitch affirms Sime Plantation BBB+, stable outlook

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.

Business 05 Nov 2018 | 12:00 AM

Jaya Tiasa scales down wood processing operations

KUCHING: Jaya Tiasa Holdings Bhd has scaled down its downstream wood processing operations due to a sharp drop in the supply of logs as raw materials.

Analyst Reports 02 Nov 2018 | 1:03 AM

PublicInvest forecasts flattish earnings for IOI

KUALA LUMPUR: PublicInvest Research is forecasting flattish results for IOI Corp Bhd in its upcoming earnings announcement on Nov 12 due to lower upstream earnings offset by higher downstream.

Business 31 Oct 2018 | 12:00 AM

Chin Teck Plantations posts 78% higher profit

PETALING JAYA: Chin Teck Plantations Bhd has posted a 78% increase in net profit to RM72.15mil for its financial year ended Aug 31, 2018 (FY18), mainly due to an increase in other income.