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The palm oil industry is awaiting news that the Government may impose a windfall tax or a cooking oil price stabilisation tax on oil palm plantation companies in the near term.
PetroChina Co Ltd pumped 11.7% more oil and gas in the second quarter as it raced to meet the energy demands of the world's fourth largest economy, putting it on track to smash its full-year production target.
NEWS that the Government wants a relook into lopsided privatisation contracts while maintaining the sanctity of such agreements has led to suggestions that some sort of taxes may be involved.
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