text: [{"text_idx": "#000004", "text": "Sime Darby Oils said the collaboration with Guangxi Beibu Gulf International Port Group is targeting a combined trading volume for shortening and refined palm oil of about 500,000 tonnes a year. (Sime Darby web pic)"}, {"text_idx": "#000006", "text": "In a statement today, SDO said the collaboration is targeting a combined trading volume for shortening and refined palm oil of approximately 500,000 tonnes a year."}, {"text_idx": "#000007", "text": "The two parties are expected to collaborate in areas such as port, logistics, trade and other interests in the Beibu Gulf Economic Region."}, {"text_idx": "#000008", "text": "This includes the utilisation of existing bonded warehouses as a refined palm oil trading and distribution centre in the Qinzhou Free Trade Zone as well as the marketing of health products."}, {"text_idx": "#000009", "text": "SDO managing director Haris Arshad said the collaboration offers an exciting opportunity for the producer of certified sustainable palm oil (CSPO) as its products will be sold and distributed in major consumer areas in mainland China through the Qinzhou Port."}, {"text_idx": "#000010", "text": "\u201cWith the growing demand for palm oil products and the increasing trade volumes between China and Malaysia, we anticipate this partnership will promote the growth of a sustainable supply chain and help spur greater demand for palm oil in China."}, {"text_idx": "#000011", "text": "\u201cThis collaboration with BGP will be another milestone for SDO as it builds its position as the preferred supplier of CSPO and high-value palm oil products for the global market,\u201d he added."}, {"text_idx": "#000013", "text": "BGP is engaged in port construction and operation, harbour industry, logistics, domestic and international trade, real estate development, environmental protection, and energy-saving technology."}, {"text_idx": "#000014", "text": "Meanwhile, SDO is involved in trading, manufacturing as well as sales and marketing of oils and fats products, palm oil-based biodiesel, nutraceuticals and other derivatives."}, {"text_idx": "#000016", "text": "SDP\u2019s shares closed down 13 sen or 2.8% at RM4.45, giving it a market capitalisation of RM30.77 billion."}, {"text_idx": "#000018", "text": "China, Saudi Arabia to hold joint naval drills next month"}, {"text_idx": "#000020", "text": "2023 Toyota Yaris updated in Malaysia \u2013 9-inch head unit, wireless charger; up to RM4.7k more, RM88-92k"}, {"text_idx": "#000023", "text": "China stocks log best day in a month after Beijing steps up stimulus"}, {"text_idx": "#000024", "text": "Hibiscus, DNeX unit take up equal stakes in UK oil field"}, {"text_idx": "#000025", "text": "\u2018Peta standard\u2019 baharu, Malaysia hantar nota bantahan kepada China"}, {"text_idx": "#000026", "text": "Puspakom keluarkan jadual unit pemeriksaan bergerak Sept 2023 \u2013 termasuk luar kawasan di Sabah/Sarawak"}, {"text_idx": "#000027", "text": "Petronas ups govt dividend to RM40bil despite lower oil prices"}, {"text_idx": "#000029", "text": "Sime Darby to divest hospital business, land to reduce borrowings"}]