Malaysia: Palm oil boasts potential despite lower prices World

Malaysia: Palm oil boasts potential despite lower prices

Malaysia’s palm oil potential remains intact despite softening crude palm oil (CPO) prices, and its prospects will remain bright in the second half of this year, according to Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin.
Malaysia to increase global market share of palm oil World

Malaysia to increase global market share of palm oil

The Malaysian government will leverage on the escalating prices of crude palm oil (CPO) to increase the country’s market share of palm oil in the global market, Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin said.
Indonesia to develop biofuel-run locomotives ASEAN

Indonesia to develop biofuel-run locomotives

State-owned railway company PT Kereta Api Indonesia (KAI) Persero is working with private logistic railway service firms Servo Railway and Progress Rail for designing locomotives run on B100 biodiesel.
Thailand works to distribute palm oil overstock World

Thailand works to distribute palm oil overstock

The Thai government is making efforts to sell some of its domestic supply of raw palm nuts and crude palm oil to ease its current high stock of 400,000 tonnes of oil, compared to the normal level of 250,000 tonnes.
Indonesia threatens to ban some European goods World

Indonesia threatens to ban some European goods

The Indonesian government will boycott planes, vehicles and other products from the European Union if it bars the country’s crude palm oil (CPO) from being used as raw material for bio-fuel, a senior minister said on March 20.
Indonesia, Italy enhance economic cooperation World

Indonesia, Italy enhance economic cooperation

Indonesian Coordinating Minister for Economy Darmin Nasution and visiting Italian Minister of Economic Development Carlo Calenda have agreed to enhance bilateral economic cooperation during their recent meeting in Jakarta, Indonesia.
Indonesia denies freezing CEPA negotiation with EU World

Indonesia denies freezing CEPA negotiation with EU

The international trade negotiation director general of Indonesia’s Trade Ministry, Iman Pambagyo, has denied rumours that Indonesia will freeze negotiations on the Comprehensive Economic Partnership Agreement (CEPA) with the European Union (EU) due to a recent palm oil resolution issued by the EU parliament.