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FGV Holdings Clarifies On Article Regarding Palm Oil Labour Abuse Findings
FGV Holdings Bhd Says October Production Of Palm Kernel 64,276 MT
FGV Holdings Qtrly Profit Attributable 136.9 Mln RGT
FGV Holdings Bhd, formerly Felda Global Ventures Holdings Berhad, is an investment holding company. The Company's segments include Palm Upstream, engaged in Plantation estates activities, including cultivation, harvesting and production of fresh fruit bunches (FFB), and processing of FFB into crude palm oil and palm kernel (PK); Palm Downstream, engaged in refining of crude palm oil (CPO), fractionation of refined bleached deodorized palm oil and Palm Olein, crushing of PK, processing and sales of biodiesel products, production of oleochemicals, graphene and nanotubes, and production of consumer bulk and packed products; Sugar, engaged in sugar refining, and sales and marketing of refined sugar and molasses; Trading, Marketing and Logistics (TML), engaged in trading and transportation facilities, and Others, engaged in rubber processing, research and development activities, fertilizers processing and production, sale of planting materials, information technology, security and travel.
Level 20, Wisma FGV, Jalan Raja Laut,
Wira Azhar bin Abdul Hamid
Non-Independent Non-Executive Chairman of the Board
Haris Fadzilah Bin Hassan
Group Chief Executive Officer
Yusli bin Mohamed Yusoff
Non-Executive Independent Deputy Chairman of the Board
Mohd Hairul Bin Abdul Hamid
Group Chief Financial Officer
Khairil Anuar Haji Aziz
Group Chief Executive Officer, MSM Malaysia Holdings Berhad
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The world's largest producer of crude palm oil, Malaysia's FGV Holdings Bhd (FGV) , warned on Tuesday that its fourth-quarter output would be hit by uncertainties over the weather and curbs to limit the spread of the coronavirus.
The U.S. Customs has told Malaysia's FGV Holdings Bhd it would consider a petition to revoke an import ban on the company's palm oil products if it can provide credible evidence that it does not use forced labour, FGV said on Thursday.
Malaysia is anticipating the United States to ban the imports of another plantation firm, after the U.S. Customs and Border Protection (CBP) agency blocked entry of palm oil products from FGV Holdings <FGVH.KL> over forced labour allegations.
Malaysian palm oil producer FGV Holdings Bhd said on Thursday it was disappointed with a move by the United States to ban the imports of its products over allegations of forced labour when it has taken steps to fix the issue.
Malaysia's FGV Holdings Bhd (FGV) said on Monday it expects crude palm oil prices to fall in the second half of the year with a dip in demand in the fourth quarter.
Malaysia's FGV Holdings Bhd , the world's largest palm oil producer, on Thursday forecast crude palm oil (CPO) prices in the range of 2,200 to 2,400 ringgit in the fourth quarter due to sustained demand in key markets.
* CPO PRODUCTION TO GO UP ABOUT 1%-1.5% IN 2020 Further company coverage: (Reporting by Liz Lee and Mei Mei Chu)
* Q4 CPO PRICES EXPECTED TO TRADE IN RANGE OF 2,200 RINGGIT TO 2,400 RINGGIT Further company coverage: (Reporting By Liz Lee and Mei Mei Chu)
Malaysia's FGV Holdings Bhd posted a fifth consecutive quarterly loss on Wednesday, weighed down by low crude palm oil (CPO) prices and losses from its sugar unit, which the company said it is reviewing.
Malaysia's FGV Holdings Berhad, the world's largest crude palm oil producer, said on Wednesday it will try to reduce its dependency on palm oil, including planting other crops, after reporting a small first-quarter loss amid flat prices.
Malaysia's FGV Holdings Berhad, the world's largest crude palm oil producer, said on Wednesday it is exploring ways to reduce its dependency on palm oil after slipping to a small first-quarter loss amid flat prices.
* Biodiesel mandates to boost Indonesia, Malaysia consumption
Malaysia's FGV Holdings Berhad, the world's largest crude palm oil producer, swung to a fourth-quarter net loss on Thursday from a profit in the same period a year ago, hurt by impairment losses, provisions and lower palm oil prices.
Malaysian palm oil producer FGV Holdings Berhad has appointed Mohd Hairul Abdul Hamid as its chief financial officer, it said in a bourse filing on Wednesday, following a management shake-up that saw the departure of key executives last year.
* Loss due to lower average CPO prices, impairment charges, receivables (Updates with chairman comments, inputs from press conference)
FGV Holdings Bhd, Malaysia's largest palm oil producer, posted its second consecutive quarterly loss on Wednesday, dragged by declining crude palm oil prices and impairment charges.
Malaysian palm oil producer FGV Holdings Bhd commenced legal proceedings against 14 individuals including its former group CEO and chairman for damages totalling 514 million ringgit ($122.6 million) for losses from an acquisition deal.
* Malaysian palm oil operator Felda Global Ventures forecast average price of crude palm oil at 2,400 ringgit-2,600 ringgit per tonne in 2018, according to its 2017 annual report. * Felda Global says price outlook is buoyed by expectations of stronger crude oil prices, the...
* MARCH FFB PRODUCTION 344,222 MT, RUBBER PRODUCTION 188,571 KG, CRUDE PALM OIL PRODUCTION 234,268 MT Source text: (https://bit.ly/2Hrarv4) Further company coverage:
* UNIT, DELIMA OIL PRODUCTS SDN. FILED STATEMENT OF CLAIM FOR REVIEWING CLAIM AGAINST SAFITEX GENERAL TRADING LLC
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