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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.

Palm oil exports set to decline as India buys less

PETALING JAYA: Malaysia’s biggest palm oil buyer is likely to reduce its purchase over the next few months, a move that is expected to hit local palm oil exporters beginning this month.India, which accounted for nearly 33% of Malaysia’s palm oil exports in August 2019, recently upped the import tax on Malaysia’s refined palm oil from 45% to 50% for a period of six months.