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PETALING JAYA: More oil palm plantation companies are venturing into agriculture-related businesses, from dairy farming to pineapple and coconut cultivation, on a large-scale basis in their efforts to further diversify income streams.
The 2020 Forbes ranking, however, sees a drop in net worth
KUALA LUMPUR (Bernama): Malaysia's slowing economy, now getting hit by Covid-19 outbreak, has taken a toll on its tycoons, according to Forbes Asia in releasing it’s 2020 Forbes Malaysia Rich List on Thursday (March 5).
KUALA LUMPUR: The combination of a slowing economy, Covid-19 coronavirus, weak ringgit and 10% slide in the FBM KLCI took a toll on Malaysia’s 50 richest, according to Forbes 50 Malaysia’s Richest list.
KUALA LUMPUR/MUMBAI (Reuters) - India's halt on Malaysian palm oil imports has disrupted global edible oil trade flows, with Indonesia diverting supplies to feed India, Malaysia rushing to tap markets left behind by Jakarta, and India substituting palm with other oils.
KUALA LUMPUR: Malaysian palm oil producers must use technology to improve yield and compensate for restrictions on land use, as the industry wrestles with concerns about sustainability, the chairman of the Malaysian Palm Oil Council (MPOC) said.
PUTRAJAYA (Bernama): The funeral cortege of Tan Sri Lee Shin Cheng - the grand patriarch and founder of local conglomerate IOI Group - has left the family residence to his final resting place.