Joseph Tek News Today

ESTABLISHED on June 20, 1999 to provide critical intervention to hundreds of underprivileged youths from the poor and broken families to give them a new lease of hope and life, Monfort Youth Training Centre (MYTC) celebrates its silver jubilee this year.   It marks a milestone of 25 years of unwavering dedication, growth and shared achievements of the well-known vocational training and welfare centre.

(Bloomberg) -- Palm oil output in Malaysia, the No. 2 supplier, could rise 5% this year after the government allowed plantations to hire foreign workers, said Joseph Tek, chief executive of the Malaysian Palm Oil Association.Most Read from BloombergApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028China Weighs Stock Market Rescue Package Backed by $278 BillionTurkey Approves Sweden NATO Bid, Leaving Hungary as HoldoutChina’s Bold Stock-Market Rescue Plan Leaves ...

The admission of new workers potentially means that an additional 5.2 million tons of fresh fruit bunches can be harvested. Read more at straitstimes.com.

Oil palms are nearing their commercial lifespan, which is a quarter century, which is leading to less yield of versatile edible oil. This oil is present in everything ranging from fuel, ice cream to cosmetics.

KALIMANTAN, Indonesia (BLOOMBERG) – Local farmers, regional governments and consumers across swaths in Southeast Asia are facing a crisis over maturing palm oil trees, some as tall as a 12-storey building, turning them into a multi-billion dollar headache. As oil palms approach their commercial lifespan of a quarter-century, they provide less of the versatile edible […]

As oil palms approach their commercial lifespan of a quarter-century, they provide less of the versatile edible oil, used in everything from ice cream to cosmetics and fuel.

In Malaysia, replanting palms that have outlived their commercial lifespans will cost an estimated US$3 billion, while Indonesia may need to stump up at least US$5 billion to help with the replanting costs.

KUALA LUMPUR: Across swathes of South-East Asia, maturing palm oil trees, some as tall as a 12-storey building, are turning into a multi-billion dollar headache for local farmers, regional governments and consumers everywhere.

Across swathes of Southeast Asia, maturing palm oil trees, some as tall as a 12-story building, are turning into a multi-billion dollar headache for local farmers, regional governments and consumers everywhere. As oil palms approach their commercial lifespan of a quarter-century, they provide less of the versatile edible oil, used in everything from ice cream to cosmetics and fuel. Some plants become too ungainly

(Bloomberg) -- Across swathes of Southeast Asia, maturing palm oil trees, some as tall as a 12-storey building, are turning into a multi-billion dollar headache for local farmers, regional governments and consumers everywhere. Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownEurope’s Richest Royal Family Builds $300 Billion Finance EmpireOnce Unthinkable Bond Yields Are Now the New Normal for MarketsWeight-Loss Drugs Estimated to Save Airlines MillionsMurder Cl...