CPO Futures End Higher

By Anas Abu Hassan

KUALA LUMPUR, Feb 28 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rebounded to end the week higher, tracking strong performance in soybean oil, according to an analyst.

TH Plantations Net Profit Rises To RM75.18 Mln In FY2024, Declares 50 Pct Higher Dividend

KUALA LUMPUR, Feb 28 (Bernama) -- TH Plantations Bhd (THP) posted a higher net profit of RM75.18 million in the financial year ended Dec 31, 2024 (FY2024), versus RM46.62 million in the previous year, on the back of an increase in operating profit.

CPO Futures Retreat To Close Lower

By Anas Abu Hassan

KUALA LUMPUR, Feb 27 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives retreated from yesterday's gain to close lower today dragged by weakness in rival oils amid a discouraging outlook, according to an analyst.

Hap Seng Consolidated Net Profit Falls 19 Pct To RM650.48 Mln In FY2024

KUALA LUMPUR, Feb 28 (Bernama) -- Hap Seng Consolidated Bhd’s net profit fell 19 per cent to RM650.48 million in the financial year ended Dec 31, 2024 (FY2024), compared with RM800.32 million in FY2023, due to a gain from the disposal of subsidiaries in the preceding year.

Johari Expects Full Utilisation Of RM100 Mln Palm Oil Replanting Assistance By June

KUALA LUMPUR, Feb 27 (Bernama) -- The Ministry of Plantation and Commodities expects the RM100 million assistance for the palm oil replanting programme to be fully utilised by smallholders by June this year.

CPO Futures Expected To Trade Between RM4,000-RM4,600 A Tonne Until March 31 - Industry Expert

KUALA LUMPUR, Feb 26 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) is expected to trade between RM4,000 per tonne and RM4,600 per tonne from now until March 31, 2025.

CPO Futures End Mostly Higher On Supply Concerns

KUALA LUMPUR, Feb 25 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly higher today, supported by concerns over tight supply, said an analyst.

KPK Plans To Collaborate With ST, TNB To Integrate Palm Oil-Based RE Into National Grid

KUALA LUMPUR, Feb 25 (Bernama) – The Ministry of Plantation and Commodities (KPK) plans to collaborate with Tenaga Nasional Bhd (TNB) and the Energy Commission of Malaysia (ST) to utilise palm oil-based renewable energy (RE) in expanding the country's energy grid connectivity.

IOI Corp Posts Lower 2Q Net Profit Of RM111.1 Mln, Declares 5 Sen Dividend

KUALA LUMPUR, Feb 25 (Bernama) -- IOI Corporation Bhd’s (IOI Corp) net profit fell by two-thirds to RM111.1 million in the second quarter ended Dec 31, 2024 (2Q FY2025) from RM335.4 million in the year-ago quarter despite a stronger contribution from the plantation segment. 

Malaysia To Champion Sustainable Palm Oil – Johari

KUALA LUMPUR, Feb 25 (Bernama) -- Malaysia, the world's second-largest palm oil producer, must take the lead in sustainability, taking bold steps to champion sustainable palm oil, especially as the world increasingly focuses on environmental responsibility.

Malaysia’s Oil Palm Replanting Lags Target, Govt Steps Up Efforts -- Johari

KUALA LUMPUR, Feb 25 (Bernama) -- The progress in replanting oil palm trees is still lagging, with Malaysia managing to replant 114,000 hectares, or 2.0 per cent of its total planted area in 2024, down from 132,000 hectares (2.3 per cent) in 2023.  

Gamalux Expands With New Pulau Indah Plant, Eyes Leadership In Sustainable Energy

KUALA LUMPUR, Feb 24 (Bernama) -- Gamalux has reached a significant milestone with the construction of its new plant at Pulau Indah, which is progressing on schedule and is expected to be completed in the second quarter of 2025.