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FGV Holdings Berhad (FGV) refers to the decision by the Complaints Panel (CP) of the Roundtable on Sustainable Palm Oil (RSPO), issued on 28th November 2018

KUALA LUMPUR, 30 NOVEMBER 2018 – FGV has frozen all new recruitment of workers from external contractors across its operations, with immediate effect. This freeze will only be lifted when the company is satisfied beyond any doubt that contractors are strictly adhering to all FGV’s internal policies, guidelines and standard operating procedures. FGV will also revise with immediate effect, the benefits enjoyed by its plantation workers and will absorb the costs of basic necessities, including food supplies given to its workers.

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FGV incurs a loss of RM911 million, including impairment of RM788 million

KUALA LUMPUR, 28 NOVEMBER 2018– FGV Holdings Berhad (FGV) has recorded loss before zakat and tax (LZBT) of RM911 million for its third quarter ended September 2018. This loss includes impairment amounting to RM788 million. LBZT before impairment came in at RM123 million, which compares to the profit before zakat and tax for the previous corresponding quarter was RM118 million.

FGV recorded a revenue of RM3.19 billion compared to RM4.14 billion in the previous corresponding quarter.

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FGV Signs an MOU with Dalian Commodity Exchange

FGV Signs an MOU with Dalian Commodity Exchange

KUALA LUMPUR 14 NOVEMBER 2018– FGV Holdings Berhad (FGV) has signed a memorandum of understanding (MoU) with the Dalian Commodity Exchange (DCE) to collaborate in the implementation of DCE’s Palm Oil Internationalization Project. The DCE, the world’s largest agriculture, plastics, coal, iron ore futures bourse, aims to increase cooperation with palm oil companies in the Belt and Road countries, to expand palm oil futures delivery regionally. (more…)

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