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Removal of duty a boost for palm oil exporters
LOCAL exporters of processed palm oil will be further encouraged to increase their exports with the proposed abolishment of export duty on crude and refined, bleached and deodorised (RBD) palm olein under Budget 2004.
MD pledges to turn Tomisho around
TOMISHO Holdings Bhd's newly-appointed managing director Ng Ah Chai has pledged to steer the furniture-making company to profitability in two years via strategies that include going upstream.
MOA Inc programme for Bagan Datoh coconut farmers
Local coconut farmers will get a boost in their yield and income with the implementation of MOA (Ministry of Agriculture) Inc at Bagan Datoh.
Keck Seng seeks more land
KECK Seng (M) Bhd is looking for more land to expand oil palm cultivation, as the division remains the main revenue earner for the company, contributing RM399.198mil in the 2002 financial year.
Smallholders seeks incentives
THE National Smallholders Association (NASH) has proposed the incentive for oil palm replanting (4ha and below) be raised to RM1,500 per ha from RM1,000 now.
MPOA asks for leeway in CPO duty
THE Malaysian Palm Oil Association (MPOA) has proposed for greater latitude in duty fee export of crude palm oil to counter discriminating tariff barriers.
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.
