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WORKING at the circulation department of a newspaper publisher in 1982 was a good experience for Mazlan Muhammad as he learnt to deal with vendors.
THE Malaysian Palm Oil Board (MPOB) has allocated RM40mil for the setting up of a methyl ester production plant in Labu, Negri Sembilan, Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui said.
SPOOKED by India's decision on Tuesday to raise import tax on crude palm oil (CPO), refined, bleached and deodorise (rbd) palm oil and palm olein, and the continued rise in palm oil stocks, research houses have turned bearish on the plantation sector.
CRUDE palm oil (CPO) futures prices on the Bursa Malaysia Derivatives sank to its worst levels in 16 months early last week and rebounded on a mild upward correction to close the week with minor losses. Concerns about declining exports and softer Chicago Board of Trade soyoil futures prices continued to dampen sentiment.
The plantation sector is set to maintain good growth in 2005. United Plantations Bhd executive director (corporate affairs) Carl Bek-Nielsen, Golden Hope Bhd group chief executive Datuk Sabri Ahmad and PPB Oil Palms Bhd's MD Khoo Eng Min give their views in interviews with StarBiz.
IOI Corp Bhd has reported a 26.7% increase in pre-tax profit to RM321mil in the first quarter (Q1) ended Sept 30 against RM253.3mil in the same period last year, thanks to higher crop production and firmer palm oil prices.
JP Morgan yesterday made a sharp reversal in its recommendation on the Malaysian plantation sector, raising its rating to overweight from underweight previously.