Felda Global Ventures Holdings Bhd. said that palm oil shipments from Malaysia, the largest producer after Indonesia, should be allowed duty-free for some companies until midyear to help reduce near-record stockpiles.
Felda Global Ventures Holdings Bhd., the world’s third-biggest oil palm planter, jumped more than 16 percent in its Kuala Lumpur debut, after raising $3.3 billion in the biggest initial public offering since Facebook Inc.
Nazir Razak, head of Malaysia’s second-largest bank, is speaking out for his brother to be returned as prime minister amid concern the ruling alliance could lose more seats in polls that must be held within weeks.
Bursa Malaysia Bhd. Chief Executive Tajuddin Atan said the exchange will focus on turning domestic companies into regional champions after spending the past five years boosting corporate governance and investor protection.
Felda Global Ventures Holdings Bhd. raised about 10.4 billion ringgit ($3.3 billion) in this year’s second-biggest initial public offering after Facebook Inc., said three people with knowledge of the matter.
Louis Dreyfus Holding BV agreed to pay about $150 million for a stake in Felda Global Ventures Holdings Bhd. ahead of the Malaysian company’s initial public offering, said two people with knowledge of the matter.