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INDIA holds the potential to be a new priority destination for Malaysian plantation companies to expand their oil palm land bank after Indonesia as well as to establish ventures in the palm oil-related downstream activities and set up of biofuel plants. Oilpalmworld Sdn Bhd director M.R. Chandran told I>StarBiz/Iin Kuala Lumpur that local plantation players must seriously look at the importance of setting up their base 'where the biggest consumer market is' for palm oil.
THE Felda group plans to set up palm biodiesel plants in Malaysia as part of its effort to become one of the world's largest producers of palm biodiesel. Group chairman Tan Sri Dr Mohd Yusof Noor said: 'A special task force is currently studying the feasibility of the palm biodiesel project proposal and the recommendations will be submitted to the Felda board and the Government by the end of this month.'
Felda Holdings Bhd expects to invest at least RM100mil to develop an alternative crop as part of efforts to diversify the income source of its settlers, said chairman Tan Sri Dr Mohd Yusof Noor.
Felda Group is setting up a facility comprising palm oil refinery, packaging centre and warehouse for finished goods on 128 acres in the Selangor Halal Hub (SHH) on Pulau Indah.
A Penang-based fertiliser company wants to capitalise on Johor's call for agriculture by promoting its organic fertilisers in the state.
CB Industrial Product Holding Bhd (CBIP) aims to boost its order book by some RM200mil by year-end, said managing director Lim Chai Beng.
Malaysian companies are expected to invest about US$200mil in Sri Lanka's telecommunications sector this year, with at least three quarters of it coming from Telekom Malaysia Bhd (TM).