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cooking-oil

Politics 5 months ago

PREMIUM
Supreme Court strikes down palm oil giants’ corruption acquittal

All palm oil companies were ordered to each pay a Rp 1 billion (US$59,580) fine, along with various restitution ranging from Rp 900 billion to nearly Rp 12 trillion, after they were declared guilty in a corruption case pertaining to crude palm oil export permits.

Markets 9 months ago

PREMIUM
CPO export levy hike may jeopardize subsidized cooking oil supply

The recent export levy hike on crude palm oil (CPO) and its derivatives may tighten supplies of subsidized cooking oil brand Minyakita.

Politics 11 months ago

PREMIUM
Court officials arrested over acquittal in palm oil corruption case

The Attorney General’s Office (AGO) arrested over the weekend four suspects, including a district court head and a clerk, for alleged bribery in the acquittal of three companies for corruption involving crude palm oil exports a month ago.

Archipelago 1 year ago

PREMIUM
Police arrest multiple manufacturers in relation to Minyakita scandal

The Minyakita scandal comes in the midst of the Islamic holy month of Ramadan, during which household consumer spending traditionally rises ahead of the Idul Fitri celebration.

Politics 1 year ago

Police probe underfilled bottles of Minyakita cooking oil

“While the label indicates 1 liter [of cooking oil], our tests showed volumes ranging between 700 and 900 milliliters,” said the head of the police's Food Task Force.

Economy 1 year ago

PREMIUM
The end of cheap palm oil? Output stalls as biodiesel demand surges

Used in everything from cakes and frying fats to cosmetics and cleaning products, palm oil makes up more than half of global vegetable oil shipments and is especially popular among consumers in emerging markets, led by India.

Academia 1 year ago

PREMIUM
Single governing agency needed to fully harness palm oil potential

There are now at least eight ministries and dozens of other institutions that directly or indirectly manage and oversee the palm oil industry.

Regulations 1 year ago

PREMIUM
Govt to resolve cooking oil compensation by October

Cooking oil producers and retailers may finally see compensation payouts by October, the deadline the Trade Ministry has set to finally settle the government's long overdue debt after years of pointing fingers.