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Palm oil sector to counter European smear campaign
THE local palm oil industry, with the assistance of the Malaysian government, will be taking steps to counter the rising anti-palm oil and anti-tropical oil sentiment in northern Europe similar to the smear campaign by the American Soybean Association (ASA) in the late 1980s.
MHC Plantations sees improvement in output
MHC Plantations Bhd, which saw a 2-fold increase in pre-tax profit due to strong palm oil prices, is projecting its production to improve in the next 3 years, with additional new areas reaching maturity.
JTOP expects lower crop production due to replanting
JOHORE Tenggara Oil Palm Bhd (JTOP) is anticipating its crop production this year to fall further as a result of its continuing replanting programme.
Major focus on steel business
THE Lion Group#146;s major focus, post restructuring, will be on the steel business which is expected to contribute significantly to group earnings.
Mixed views on CPO average price outlook
THE palm oil fraternity seems to have mixed views over this year's average price outlook for crude palm oil (CPO) following uncertainties in stocks, competition from new soya bean producers and the impending US-led war on Iraq, a conference was told Wednesday.
Bright outlook for Chin Teck
Chin Teck Plantations Bhd, whose mainstay is in the cultivation and processing of palm oil and other related products, produced an impressive set of results for the company's first financial quarter ended Nov 30 last year.
UP to get earnings boost from union with UIEM, says chairman
THE merger of United Plantations Bhd (UP) and United International Enterprises (M) Bhd (UIEM), two of the most efficient plantation companies in the country, is expected to contribute significantly to UP#146;s profit this year.
