3 giant global consumer firms drop Malaysian palm oil supplier
Play
Three global consumer giants have aborted transactions with Malaysia’s second top palm-oil company because of its alleged involvement in forest fires and haze that have depleted Indonesia’s green cover.
Unilever, a company owning 400 brands including Dove, Ponds and Vaseline, announced last week that it would cancel its supplier agreements with palm-oil producer and trader IOI over its involvement in Indonesia’s massive forest fires.
The decision came after IOI was suspended by the Roundtable on Sustainable Palm Oil, a group of environmental stakeholders on the global palm-oil sector, according to The Straits Times. Because of the suspension, IOI’s reputation as a top-10 global palm-oil company was tarnished. Unilever is one of the buyers of IOI palm oil.
Aside from Unilever, reputable US food manufacturers Mars and Kellogg’s have removed IOI as their prime supplier of palm oil. Both companies initiated steps to drop contracts with IOI’s refining subsidiary IOI Loders Croklaan, which has refineries in Malaysia and the Netherlands. –Philippine Daily Inquirer
MAS offers buy-one-get-one-free deal for first and business class seats
Malaysia Airlines is offering a buy-one-get-one-free deal for first and business class tickets until April 18, for immediate travel until November 30.
Guests will also enjoy 50 kilograms of checked baggage each for first class and 40kg each for business class, as well as access to Malaysia Airlines’ Golden Lounge. Guests will also be able to earn Enrich miles for both tickets, the airline said in a statement. – The Star
