Malaysian company to invest in Pakistan’s palm oil sector
- Business Recorder
- 22 July 2013
FELDA proposes that the Pakistan government provide it with 30,000 ha for oil palms to help the country balance its surging imports of palm oil from Malaysia.
FELDA proposes that the Pakistan government provide it with 30,000 ha for oil palms to help the country balance its surging imports of palm oil from Malaysia.
Felda Global is planning a $13.7 million purchase of rubber, oil palm land in Indonesia and says it is closing in on land deals in Myanmar, Cambodia, Papua New Guinea.
Felda Global Ventures Holdings Bhd plans to develop a complete supply chain of its three core business -– palm oil, sugar cane and rubber -- in Myanmar.
Indigenous peoples in Sarawak, Malaysia are facing an escalation of land grabbing in their territories by national palm oil companies, backed by foreign corporations.
La moitié de l'argent levé en bourse sera destiné à la replantation, mais aussi à l'extension des surfaces chez le voisin indonésien et en Afrique, où le coût du foncier est moins élevé qu'en Malaisie.
Felda Global plans to use the bulk of its proceeds to snap up more plantations in Southeast Asia and Africa and boost its refining and market business in its bid to become a peer to Archer-Daniel Midlands and Cargill by 2020.
The company’s expansion plans -- 50% of IPO proceeds will be used to develop plantations in vulnerable areas in Africa, Indonesia and elsewhere -- are likely to trigger NGO protests and conflicts with local communities.
Commodities group Louis Dreyfus has agreed to take a minority stake in Malaysian palm oil firm Felda.
Felda Global Ventures Holdings Bhd., Malaysia’s biggest plantation operator, with a landbank of 880,000 ha, aims to file documents this week for the nation’s biggest initial share sale in more than a year
Felda Holdings, the world's largest estate owner, is in talks to buy up to 90,000ha of land across South-East Asia
The debate over foreign investment is set to expand from the mining industry to agriculture as overseas investors pour billions of dollars into Australian rural properties considered by some to be strategic national assets.
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