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Land and Co-operative Development Minister Tan Sri Kasitah Gaddam has submitted his letter of resignation to Prime Minister Datuk Seri Abdullah Ahmad Badawi.
THE improving economic environment and strong commodity prices are expected to help fuel the earnings growth of PPB Group Bhd, which has posted record pre-tax profits for the past two years.
IN relation to our article 'I>Tradewinds waiting for fresh proposal'/Iyesterday, PPB Group Bhd corporate affairs senior manager Koh Mei Lee said that its executive chairman Ong Ie Cheong was not speaking on behalf of the board of Tradewinds (M) Bhd in his comments on the merger of the plantations assets of Tradewinds and Johore Tenggara Oil Palm Bhd 'or on any other matter in relation to the proposed merger.''
MOST research houses have placed a 'buy' call on plantation stocks, especially select pure plantation players, in anticipation of continued bullishness in crude palm oil (CPO) prices and tightness in global edible oils supply.
PPB Oil Palms Bhd is eyeing the acquisition of an additional 30,000ha in Indonesia, especially in Central Kalimantan, this year as part of an ongoing expansion of its oil palm plantation, said executive chairman Tan Yew Jin.