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Most Malaysian CEOs have expressed optimism that the US-led Iraq war would be short and therefore would have minimal impact on the Malaysian economy.
THE solid earnings reported recently by leading local plantation companies largely reflect the buoyancy of the crude palm oil (CPO) market last year, when prices rose by an average of 50% to RM1,343 per tonne compared with the lacklustre average price of RM893 per tonne in 2001.
MAJOR plantation group PPB Oil Palms Bhd has recorded an almost four-fold increase in group pre-tax profit to RM168.6mil for its financial year ended Dec 31, 2002, from RM47.2mil a year earlier, in line with the strong results reported by plantation companies recently.
MALAYSIAN plantation companies with interests in oil palm plantations in Indonesia will be in a better position to reap good profits from their long-term investments for financial year 2003-2004, thanks to rising crude palm oil (CPO) prices and anticipation of higher oil extraction rate from matured palm hectarage.
FFM Bhd, which owns the country#039;s largest flourmill, is not only in flour business. It is also into edible oil refinery, animal feeds and poultry farming, shipping and the manufacture of polybags.