Astra Agro Lestari pays $6.76m in dividends despite declining revenue

Publicly listed palm oil company PT Astra Agro Lestari announced Wednesday that it would spend 45 percent of last year’s profit, around Rp 94.95 billion (US$6.76 million) in dividends, rewarding its shareholders despite declining productivity. The company, which is a subsidiary of diversified conglomerate PT Astra International, will pay a lower dividend per share of…

Amid the Covid-19 Pandemic, Astra Agro Records Positive Performance

JAKARTA – In 2020 the world economy faces quite severe challenges, especially related to the covid-19 pandemic. The price of crude palm oil (CPO) fell as a result of the significant weakening of crude oil prices. Nevertheless, PT Astra Agro Lestari Tbk (Astra Agro) recorded positive operational and financial performances. Operations of oil palm plantations…

Palm Oil: Better with Enzymes

Hong Wai Onn explains how enzyme technology could make the industry greener and more efficient GIVEN the extensive list of challenges currently facing the world, some of which are food supply, energy, and the environment, there is a limited number of engineers readily available to address these challenges. So where could chemical engineering talent best…

Palm Done Right pushes #SayItOnTheWrapper campaign: ‘Stop hiding palm oil use behind unclear ingredient names’

The sustainable palm oil advocate’s latest campaign aims to encourage manufacturers and retailers to be open about their palm oil use. Unless more shoppers are aware of sustainable palm oil, brands will be hesitant to highlight sustainable palm oil logos, Palm Done Right spokesperson Monique van Wijnbergen tells FoodNavigator. Palm Done Right is calling on…