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Land and Cooperative Development Minister Tan Sri Kasitah Gaddam was charged in the Sessions Court in Kuala Lumpur Thursday with a corruption and a cheating charge involving Sapi Plantation Sdn Bhd shares held by the Sabah Land Development Board.
DESPITE the current steady spot crude palm oil (CPO) price above RM1,800 per tonne, several research houses are downgrading their plantation sector outlook this year to either neutral or underweight from its overweight position previously.
DESPITE the downtrend on the Malaysia Securities Exchange Bhd (MSEB), PPB Group Bhd has managed to sustain its share price at near its historical high.
STRONG crude palm oil prices continued to drive plantation companies' earnings higher, as reflected by the substantial jump in the profits of Kuala Lumpur Kepong Bhd (KLK) and PPB Group Bhd.