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Another False Report on Oil Palm

NGO: Palm oil industry highly sustainable in developing economies

PETALING JAYA: Palm oil, which accounts for 60% of the global vegetable oil trade, has come under fire from Greenpeace and Friends of the Earth. The non-governmental organisations (NGOs) are pressuring processors and consumers to boycott the oil and European Union (EU) governments to block its import based on the contention that palm oil damages the environment.

But, according to a report by World Growth entitled Palm Oil – The Sustainable Oil, palm oil uses less land than crop-based oilseeds.

“Only 0.26ha is required to produce a tonne of palm oil while soybean, sunflower and rapeseed need 2.2ha, 2ha and 1.5ha respectively to produce the same amount of oil,” said the report.

The proposed restriction may also hurt the export trade of developing countries such as Malaysia and Indonesia that collectively produce 87% of the world’s palm oil.

The report said the palm oil industry was a highly sustainable development tool in the economies of many developing countries.

World Growth chairman Alan Oxley said the campaign by environmental groups to prevent conversion of forest land to other more productive purposes would deny developing countries the opportunity to use palm oil as a development tool.

“The World Bank and the Asian Development Bank have rated palm oil in Indonesia and Malaysia respectively as a very high quality development tool for reducing poverty,” he told StarBiz via email.

In Malaysia, the world’s second largest palm oil producer, the industry currently employed 570,000 people with export earnings of more than RM68bil last year, said the report.

World Growth said the EU import demand for palm oil had also grown as some countries there had resorted to using it as a feedstock for bio-diesel production.

“But the proposed EU Renewable Energy Directive includes a condition that will restrict the availability of palm oil,” it said.

On the industry’s impact on the environment, the report said it had not destroyed forests’ biodiversity in developing countries.

“For example, palm oil is restricted to only 20% of the total land in Malaysia allocated for agricultural purposes.

“And in Indonesia, palm oil is only cultivated in areas set aside for commercial production,” it said.

Oxley added that biodiversity in forests was protected by establishing forest conservation areas which contained representative strands of natural forests, not by imposing a blanket ban on conversion of forest land for other purposes.

“And well-managed oil palm plantations are more effective in absorbing greenhouse gases than natural forests,” he said.

Moreover, said the report, the technical understanding of carbon footprint of oil palm, other plantations and forest industries was still weak.

World Growth is a non-profit NGO established to bring balance to the debate over trade, globalisation and sustainable development.

The Star Online 1/10/2009

Happy Eidul Fitr

Wishing all the customers, friends, relatives and visitors a very Happy Eidul Fitr. I seek your forgiveness.

May Allah bless us in all our good undertakings.

From Mohd Nor Sulaiman & Family.

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RON95 Petrol Grade

Info on RON95 Petrol Grade

Effective 1 Sept 2009, RON95 petrol grade will be officially introduced nationwide. All petrol stations are getting ready, in fact many petrol stations have already started selling RON95.

Meanwhile, RON92 will be phased out. Previously, the petrol consumers normally fill-in our car is RON97, which is priced RM1.80 per liter. Starting Sept 1, RON97 will be sold at RM2.00, twenty cents more than today’s price and RON97 is reclassified as premium fuel.

Consumers are then offered RON95, RM1.75 per liter as alternative. Most likely, most of them will then switch to RON95 for their car since they do not want to increase their petrol spending by 20 cents more per liter, which translate into 10% additional petrol expenses in their monthly petrol budget.

What is the impact of lower grade petrol to our car?

RON actually an acronym for Research Octane Number. Industry uses RON to measure petrol resistance to self-igniting in the combustion chamber before spark-plug ignites. “Engine-knocking” happens when fuel combusts prematurely before spark-plug ignites, resulting in loss of power and could possibly damage the engine over time.

Car manufacturers do specify minimum RON requirement for their cars. It is important that consumers confirm this by checking car owner’s manual. Based on random quick check, most new cars is able to use RON95. Some cars have the min RON# printed on the refueling cap. You may also call up the manufacturer, distributors, or authorized service centers to confirm. You may also check if you car can take RON95 at MotorTrader website here: http://www.motortrader.com.my/NUS/articles/article_1977/page_m.asp.

RON95 are branded as Primax95 by PETRONAS, Unleaded 95 by Shell (green pump), infiniti95 2X by BHPetrol, Premium95 with Techron by Caltex and Synergy 5000 by Esso/Mobil. PETRONAS says its Primax 95 meets Euro 2M Emission standards and has sulfur content of 500 parts per million contributing towards cleaner environment. BHPetrol infinity95 2X has an additive content of 800 parts per million, double the dose recommended by additive manufacturer, which comprises leading edge detergent and anti-corrosion components with a friction modifier.

FX Capital Director Charged Again

Company director charged with laundering RM11m
The NstOnline 2009/08/21

SHAH ALAM, Fri: A company director was charged in the Sessions Court here today with 47 counts of money laundering involving over RM11 million. Raja Noor Asma Raja Harun, 47, from Taman Desa Setapak, Kuala Lumpur, pleaded not guilty when the charges were read out to her by a court interpreter before judge Hasbi Hasan.

Raja Noor Asmah is accused of laundering between RM5,000 and RM3 million in 47 transactions involving money from various companies including Sistem Televisyen Malaysia (TV3). She is alleged to have committed the offences at several banks in Rawang and Gombak near here between Dec 17, 2008 and July 8 last year. She has been charged under Section 4(1)(a) of the Anti-Money Laundering and Prevention of Terrorism Act 2001, which provides for a maximum fine of RM5 million or jail not more than five years or both, if convicted. Hasbi set bail at RM500,000 in one surety and also ordered the accused to surrender her passport to the court.

The court, however, allowed defence counsel Datuk Muhammad Shafee Abdullah's application to allowed the accused to post bail by Tuesday. Hasbi then ordered the case to be re-mentioned before Kuala Lumpur Sessions Court judge S. M. Komathy Suppiah on Tuesday, following an application by Deputy Public Prosecutor G. Jaya Prem and Securities Commission prosecution officer Jeremy Phang, who appeared for the prosecution. The prosecution wanted the case to be transferred to the Kuala Lumpur Sessions Court so that it could be tried together with two other cases involving the accused.

On Dec 17 last year, Raja Noor Asma was charged in the Kuala Lumpur Sessions Court with four counts of cheating and carrying out capital market services involving investments totalling RM100 million without a licence, and was released on bail of RM300,000 in two sureties. On July 16, she was again charged in the same court with three counts of money laundering involving RM5,302,142.93, but was allowed to use the bail she had posted for the Dec 17 2008 case to remain free pending the trial.

-- BERNAMA

Note: Previous related story for FX Capital / FX Capital Consulting

Control Price For Face Mask

Facemasks are controlled item till A(H1N1) pandemic ends

PUTRAJAYA (Aug 19, 2009) : Facemasks to help prevent the spread of the infuenza A (H1N1) virus has become a price-controlled item, according to Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob.

The wholesale maximum price of a box of One-Ply ear loop (100 pieces) is RM5 while the retail price is RM7. For a box of Two-Ply ear loop, the maximum price is RM8 while the retail price is RM10 or 20 sen a piece.

"For Three-Ply ear loop, the wholesale maximum price is RM25 a box (50 pieces) while the retail is 80 sen a piece. The maximum price for a Three-Ply tie-on is RM30 a box (50 pieces) and the retail is 80 sen per unit," added Ismail.

The maximum wholesale price for a box of 20 N95 masks is RM100 while the retail price is RM6 a unit. However, the minister reminded consumers that the health ministry advised against using the 'One-Ply' and 'Two-Ply' surgical masks as they are ineffective to prevent the spread of H1N1.

According to Ismail, the ministry could take action under the Price Control Act 1946 where individuals found guilty could be fined up to RM15,000 or jailed up to two years, or both. Recalcitrant companies can be fined up to RM25,000

STROKE: Remember the 1st Three Letters.... S.T.R.

STROKE IDENTIFICATION

STROKE: Remember the 1st Three Letters.... S.T.R.

A neurologist says that if he can get to a stroke victim within 3 hours he can totally reverse the effects of a stroke... totally . He said the trick was getting a stroke recognized, diagnosed, and then getting the patient medically cared for within 3 hours, which is tough.

RECOGNIZING A STROKE

Read and Learn! Sometimes symptoms of a stroke are difficult to identify. Unfortunately, the lack of awareness spells disaster. The stroke victim may suffer severe brain damage when people nearby fail to recognize the symptoms of a stroke.

Now doctors say a bystander can recognize a stroke by asking three simple questions:

S * Ask the individual to SMILE.

T * Ask the person to TALK and SPEAK A SIMPLE SENTENCE (Coherently) (i.e. It is sunny out today)

R * Ask him or her to RAISE BOTH ARMS.

If he or she has trouble with ANY ONE of these tasks, call emergency number immediately and describe the symptoms to the dispatcher.

Blood Clots/Stroke - They Now Have a Fourth Indicator, the TongueNew Sign of a Stroke. Stick out Your Tongue

NOTE: Another 'sign' of a stroke is this: Ask the person to 'stick' out his tongue..

If the tongue is 'crooked', if it goes to one side or the other , that is also an indication of a stroke.

A cardiologist says if everyone who gets this info relay it to 10 people; you can bet that at least one life will be saved.

I have done my part. Have you?