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PUTRAJAYA: Malaysia and North Korea on Thursday inked a US$20 million (euro15 million) palm oil barter trade pact, with the communist nation possibly shipping steel and magnesia to the Southeast Asian nation in exchange for the much-needed commodity.
The Sabah Government has adopted new rules on oil palm effluent discharge that requires palm oil mills to discard the waste on their own soil instead of into rivers or water catchments.
Six tonnes of used car batteries, old television sets and personal computers were seized from an Indonesian barter trade boat by the Marine police here.
Sandakan, the second largest town in Sabah is not only known as the gateway for eco-tourism but also as an important trading post for traders from southern Philippines.
When a Sabah state delegation visited this Indonesian town of East Kalimantan in September last year, the cleared land for a barter trading centre and jetty was barren.
The currently slow intra-regional trade within the Brunei Indonesia Malaysia Philippines East Asean Growth Area (Bimpeaga) could get a boost with the setting up of a border-trading centre in Sebatik Island, Tawau, its state assemblyman said.