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The sticky palm oil affair

THE palm oil industry has been firefighting one issue after another and the latest one with the possibility India may cut its purchase of palm oil from Malaysia is turning out to be a problem the industry is threading carefully on.

Firm confirms forest fire in its estate

PETALING JAYA: Plantation company Kuala Lumpur Kepong Bhd (KLK) has confirmed that there was a forest fire in one of its estates in Riau, Indonesia.

Indonesia claims four Malaysian firms behind open burning

PETALING JAYA: In an escalating row between neighbours over the regional haze, Indonesia has blamed four Malaysian companies for causing some of the forest fires within its borders.

Croatia president will run for job again - PM

SARAJEVO (Reuters) - Croatia President Kolinda Grabar-Kitarevic will run for a second five-year term on behalf of her ruling party

Moody's affirms Sime Darby Plantation's Baa1 ratings

KUALA LUMPUR: Moody's Investors Service has affirmed the Baa1 issuer rating of Sime Darby Plantation Bhd (SDP) as it expects the company to maintain its credit profile by reducing its debts from its asset sales.

SDP units sell stake in PT MAS

PETALING JAYA: Sime Darby Plantation Bhd’s (SDP) indirect wholly owned subsidiaries in Indonesia – PT Ladangrumpun Suburabadi and PT Teguh Sempurna – disposed of their respective 99.9993% and 0.0007% equity interest in PT Mitra Austral Sejahtera (PT MAS) to PT Inti Nusa Sejahtera for US$29.7mil.