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BEAUFORT: While floods in Beaufort are receding, residents remain on alert for downstream water flow that could bring floodwaters from inland areas.
Brunei's downstream oil and gas sector has made significant progress, Brunei king Sultan Hassanal Bolkiah had announced at the Legislative Council this week.
KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (KPK) wants Malaysia to achieve zero export of crude palm oil (CPO) in the future by increasing the production of downstream products.
Indonesian President Prabowo Subianto said on Saturday that the country would undertake 15 downstream megaprojects this year as part of his priority programme.
The government wants to make it mandatory for local banks and other financial institutions to finance downstream projects, according to Bahlil Lahadalia, who chairs the country’s downstream and national energy resilience task force.
KOTA KINABALU: Downstream activities are key for Sabah if the state wants to have substantial development, says Invest Sabah Berhad chief executive officer Dr Firdausi Suffian.
PETALING JAYA: Analysts are generally keeping a positive mood that is tinted with caution towards Genting Plantations Bhd, weighing between the group possibly having a strong final quarter of the year (4Q24), to factors such as a challenging downstream business environment.
The competition in the palm oil downstream segment may intensify in the second half of the year following the recent restructuring of tax policy in Indonesia, giving Indonesian downstream players an extra edge over their Malaysian counterparts.
JAKARTA, Nov. 15 (Xinhua) -- Indonesian President Prabowo Subianto said on Friday that the Southeast Asian country currently needs 600 billion U.S. dollars in investment to develop downstream industries for 26 commodities, according to Antara News Agency.
Indonesian President Prabowo Subianto said on Friday that the Southeast Asian country currently needs US$600 billion in investments to develop downstream industries for 26 commodities, reported Xinhua quoting ANTARA News Agency.
ACCRA, July 17 (Xinhua) -- The African Continental Free Trade Area (AfCFTA) has the potential to grow the continent's petroleum downstream industry, a Ghanaian official said Wednesday.
PETALING JAYA: Analysts are trimming conglomerate IOI Corp Bhd’s earnings for financial year 2024 (FY24) and FY25 due to, among others, softer downstream margins.
KOTA KINABALU: Sabah's palm oil industry needs to urgently expand its downstream sector to bridge the gap with counterparts in Peninsular Malaysia, says Datuk Chan Foong Hin.
PETALING JAYA: Hong Leong Investment Bank (HLIB) Research says the plantation sector is likely to see subdued near-term downstream earnings due to the overcapacity of refineries in Indonesia and a weak global economy.
PETALING JAYA: Dialog Group Bhd’s financial year 2025 (FY25) profit is likely to surpass FY20 levels, Maybank Investment Bank (Maybank IB) Research says.
Fresh fruit bunch (FFB) production for IOI Corp Bhd would likely miss its original financial year 2025 (FY25) target of 5% growth year-on-year (y-o-y), despite an anticipated strong pick-up in the next few months.
Dialog Group Bhd's headline numbers could be boosted by writebacks after making provisions for its engineering, procurement, construction and commissioning (EPCC) segment.
GUA MUSANG: Over the next three weeks, the spotlight will be on Nenggiri, a small but resource-abundant area in Gua Musang, Kelantan.
Dialog Group Bhd can expect sequential margin expansion in the coming quarters for its downstream business, which will contribute positively to its bottom line.
Indonesia has boosted its push toward downstreaming the mining sector with the opening of PT Freeport Indonesia's (PTFI) new precious metal refinery, but analysts suggest more needs to be done to maximise the benefits and secure the industry's ecosystem.
