M'sian biodiesel producers want level playing field with Indonesia
They seek new incentives from KL after Jakarta promises to increase subsidies to biofuel makers
Kuala Lumpur
MALAYSIAN producers of palm oil-based biodiesel will seek new incentives from their government after Indonesian makers of the biofuel were promised an increase in subsidies to counter the impact of lower energy costs.
Any move by the Malaysian authorities to encourage biodiesel consumption could fuel another rally in Bursa palm futures, which jumped 9 per cent last week after Jakarta said it would boost subsidies for biodiesel nearly threefold.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns