Fake peanut oils push firms to bankruptcy

Around 90 per cent of peanut oil dealers went out of business in the last two years since substandard and fake varieties started to dominate the market, according to producers. “The fake oils need to be stopped,” said a manufacturer. “It just takes a few chemicals to make palm oil smell and look like peanut […]

Malaysian bio-fertiliser factories discussed

A malaysian bio-tech company is exploring plans to produce bio-fertiliser in Myanmar, after meeting with officials from the Ministry of Agriculture and Irrigation last week. Bio-fertiliser differs from regular fertiliser by including living organisms that contribute to plant growth through warding off diseases. Sim Keng Huna, managing director of Agro Yuli Sdn Bhd, met with […]

Felda Global Ventures forms JV in Myanmar to build rubber processing plants

YANGON: Felda Global Ventures Holdings Bhd (FGV) plans to build a rubber processing plant worth RM30mil to RM45mil in Myanmar this year as part of its initiative to venture into rubber business in the country. The group, via its subsidiary FGV Myanmar (L) Pte Pld, on Saturday signed a joint-venture (JV) agreement with local partner […]

Myanmar’s commodity prices jump up 90 percent after government pay raise

Myanmar has seen an increase of 10 to 90 percent in commodity prices within a year after the government gave a pay raise of Ks 20,000 in monthly salary to its personnel in 2013, according to sources. The government gave the pay increase starting from last April, forcing the commodity prices to go up, which […]

FGVH targets natural rubber processing in Myanmar this year

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) hopes to start operation of its natural rubber (NR) processing plant in Myanmar this year, says chief executive officer-designate Mohd Emir Mavani Abdullah. Last December, FGVH signed a memorandum of understanding with Myanmar’s Pho La Min Trading Ltd to scout for opportunities to set up rubber plantations […]