Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

SSLee 👍

Live your life and make it the most beautiful story ever. 🙏👏

Posted by Sslee > 3 weeks ago | Report Abuse

Rockefeller, aged 86, wrote the following words to sum up his life:[154]

I was early taught to work as well as play,
My life has been one long, happy holiday;
Full of work and full of play—
I dropped the worry on the way—
And God was good to me everyday.

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha yes Mr Kyy invested RM 165 million on Jaks 30 % share ard end 2017 ( Nosh is ard 50 million shares ) with intention to Take Over .. but is failed by Jaks CEO ard 10 % .

He wrote to be in the BOD but is rejected…

Jaks price is keep dropping… Mr Kyy lost ard 89 % of his investment capital due to Margin Call ..

A very Sad battle…

But why Mr KYY intended to Take Over Jaks on end 2017/2018 ???

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Jaks only came to my attention after Konartist sslleee posted sold Jaks on April 2023 …

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Mr Kyy intention to take over Jaks as Jaks Vietnam Power Plant 1200 MW EPCC RM 8.7 billion finally is started construction on October 2016 ( Jaks being awarded the Agreement since 2011 ) …

Jaks 30 % : CPECC 70 %

First 600 MW is COD on November 2020 … Second 600 MW is COD on January 2021 ..

This is the Turning Point of Jaks .. that the CEO had successfully steered Jaks diversified into Power industry.. then into RE Solar electricity…

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Jaks can be considered Lucky as JV with CPECC …which responsible on the Project financings…

As Toyo ventures Vietnam Power Plant EPCC RM 11.41 billion is terminated on July 2024 ..

Posted by Income > 3 weeks ago | Report Abuse

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Nov 25, 2024 7:33 AM | Report Abuse

Live your life and make it the most beautiful story ever. 🙏👏

？

Mickey Tikus, u like your life piling up aunties construction for happy house hour s。
JIn Aloe or chow Kit or Lorong Hj Taib or JIn Changkat you choose laa，

MCyC aka Jong Chew aka Prof. 3iii is the same person???

Posted by godhand > 3 weeks ago | Report Abuse

Posted by Sslee > 1 day ago | Report Abuse

If you are young, count your good fortune.

Indeed how nice to be young, as you can afford to make mistake, learn from the mistake and start all over again.

To compound your wealth consistently u need more than timing the market.
Care to elaborate?

I happen to share the same mindset with phillip. Pick a company that has very long track of growth to minimize your buying and selling and dollar cost averaging, take dividend reinvest or take loan to buy more with dividend. The key here is you have to be right. Over a long term you will be rewarded. I mean cyclical bet can do also but how many times u want to repeat and how often you can see find good deal

Posted by godhand > 3 weeks ago | Report Abuse

the only thing i dont particularly agree with him is he goes big on oil and gas company. i like sustainable cash flow

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha yes particularly Yinson is High Risks ….

But not Pchem as Konartist sslleee twisting on the Vietnam Petrochemical plant USD 5.4 billion which is suspended operations after 2 weeks commercial launch due to inefficient operations…

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha infact game plans have to be changed over Time as you can Never catch the Stock MOAT as is changing with Time ( long Time ) :

USD to MYR Chart
+32.62%
(10Y)
US Dollar to Malaysian Ringgit
1 USD = 4.46274 MYR
Nov 25, 2024 at 01:35 UTC


USD to MYR Chart
-4.74%
(1Y)
US Dollar to Malaysian Ringgit

Posted by Sslee > 3 weeks ago | Report Abuse

Philip likes Yinson for it future cash flow and earning growth. But O&G is a very dangerous industry where an accident can destroyed the whole assets.

Recently I have a fire accident that luckily only destroyed the standby cooling tower.

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Let’s see Yinson FPSO Atlanta can be First Oil by end November after is much delayed…

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha if only you managed well … like Notion big fire case that with insurance compensation with 9 digits.


—-

Posted by Sslee > 4 minutes ago | Report Abuse

Philip likes Yinson for it future cash flow and earning growth. But O&G is a very dangerous industry where an accident can destroyed the whole assets.

Recently I have a fire accident that luckily only destroyed the standby cooling tower.

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha oops taught Konartist sslleee like Yinson also … own claimed TA n FA Guru in Yinson forum !!🤣🤔

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha konartist sslleee said see Yinson 5 waves is coming wow .. but did not know the waves name is EW … further shouting Yinson waves 2 is coming .. he taught is Uptrend wave but waves 2 is Downtrend…

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha eventually Yinson price is down from RM 2.91…

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha so sslee is Yinson waves 2 is Downtrend until Lower Low as the case in Jtiasa….

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha as Hoho posted in Pchem that the First time P/B is lower than 1 ( until 0.89 before latest QR is released ) over 10 years … n First QR Loss since Listing due to unrealised Forex Loss is an opportunity for Entry n CutWin …( the only Swing in a long period) …

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha as on Jaks … after getting the MOAT on Vietnam JV Power Plant 1200 MW EPCC RM 8.7 billion..

Jaks is partner again with CPECC on LSS5 2000 MW EPCC RM 7.2 billion ( RFP dateline is brought forward from December 2024 to 25/7/2024 ) :

Jaks 51 % : CPECC 49 % … submitted tender for 200 MW ( with intention up to Limit 500 MW ) ..

Land 1730 acres in Terengganu is going to be laese from TDM group with rental RM 578 / acre / year ..

Jaks if successful in LSS5 2000 MW tender , Shl start showing getting MOAT of efficient scale in RE Solar electricity:

1.) awarded LSS4 50 MW in Penang ..is COD on August 2023 … is the First to be COD among the 4 winners of 50 MW .. and Jaks is the asset owner included the Freehold land .

2.) awarded CGPP 30 MW on August 2023 … CGPP winners can choose their offtaker/ customer n even cross border..

As TNB is budgeted RM 90 billion over 6 years until 2030 to upgrade its Power Grid system n structure as TPA ( Third Party Access) .. to export RE electricity to Singapore..

Let’s see LSS5 2000 MW tender award is to be announced by this month, November 2024 …

Posted by Income > 3 weeks ago | Report Abuse

Mcyc you cakap nonsense。

Cut and paste DVD old recordS。

Dug out all 6 generation of people old records.

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha why Jaks price is keep dropping from 2018 ???

Just coincidence that Star Media started the Legal Battle on Pacific Star Towers project on 2018 ..

The 6 years Legal Battle is finally settled out of court on 5/11/2024 …

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

Jaks
The clash of the titans between KYY and others.
Others won.

Posted by xiaoeh > 3 weeks ago | Report Abuse

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 minutes ago | Report Abuse
Jaks
The clash of the titans between KYY and others.
Others won.

Dear 3is
any links for late comers to know about this story ...?

Posted by Mikecyc > 3 weeks ago | Report Abuse

According to Bursa Malaysia filings, well-known investor Koon Yew Yin is the single largest shareholder of JAKS with a 21.11% stake as at April 10. Koon’s wife Tan Kit Pheng also owns 8.68% shares in JAKS. Lam Poah’s shareholding in the group stood at 9.9% as at Nov 1, 2017.

JAKS shares closed unchanged at RM1.46 last Friday, with a market capitalisation of RM797.08 million. The stock has fallen 21% from its peak of RM1.84 on Feb 19 since the dispute with Star Media Group Bhd erupted. Star Media shares closed down three sen or 2.7% at RM1.08 last Friday.

Note : This article first appeared in The Edge Financial Daily on April 16, 2018 - April 22, 2018

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Actor Xiaoeh still lazy to do own homework ke … posted bought Jaks at RM 0.36 due to No Time to study the Fundamentals… but is So Free “ Gai Poh “ ard with the Kon gang …

And Missed the 2020 Shopping opportunity…

xiaoeh
xiaoeh | Joined since 2020-05-07

Posted by xiaoeh > 3 weeks ago | Report Abuse

Posted by Mikecyc > 2 minutes ago | Report Abuse
Haha Actor Xiaoeh still lazy to do own homework ke … posted bought Jaks at RM 0.36 due to No Time to study the Fundamentals… but is So Free “ Gai Poh “ ard with the Kon gang …

hoho Mike
i'm one of your gang...

Posted by Mikecyc > 3 weeks ago | Report Abuse

JAKS-My Most Expensive Mistake

Koon Yew Yin Koon Yew Yin
6 years ago
I have been looking at the price chart of Jaks and when I saw the price began to move upwards in January 2017, I started buying at about Rm 1.10 per share. I was so excited when I read the following announcements by Jaks:

1 On 22 March 2018 placed out 50.7 million shares at Rm 1.39 per share and on 16 March 2017, 43.9 million shares at about Rm 1.40 per share.

2 On 13 June 2018 Ang Lam Poah, the CEO bought 50,000 shares, on 12 June 2018 bought 200,000 shares and on 8 June 2018 bought 550,000 shares from the open market at about Rm 1.40 per share.

The main objective for buying so many shares by the CEO Mr Ang Lam Poah and all the institutional buyers of the placement shares must be Jaks’ JV with the Chinese companies to construct the 1,200 MW power plant to sell electricity to the Vietnamese Government. The 3 Chinese National Banks must have studied the power purchase agreement before they were prepared to finance Rm 7.76 billion for the project.

During the construction, the Chinese pay Rm 454 million to Jaks and this sum of money is to be used as capital for owning 30% of the Joint venture. Moreover, the Chinese would undertake the construction of the power plant.

It is like the Chinese Banks is giving a profit guarantee to all the Jaks shareholders every year for 25 years when the JV sell electricity to the Vietnamese Government.

Based on the above, the share price should go above the share placement price of Rm 1.40 when the 1,200 MW power plant is completed in 2020.

My wife started to accumulate more shares and we finally bought a total of about 160 million shares with margin financing. We bought too many shares with margin finance. Our average price should be about Rm 1.20 per share.

If you look at the price chart, you can see the price went up to Rm 1.85 in Feb 2018 and when I saw it started to drop, we started selling. I should have sold more to avoid force selling. It was my greed that I did not sell more shares.

In fact, forced selling was a blessing in disguise for us.

We had to sell to meet margin calls. The more we sold the more the price would drop. Forced selling is a vicious cycle.

We were fortunate introspectively to have sold a huge amount of our holdings at higher prices in comparation with the current price of 50 sen per share. We have completely sold all our holdings.

Based on our average selling price of 80 sen, our average purchase price of Rm 1.20 per share and our total holdings of 160 million shares, we have lost Rm 64 million. Coincidently this is the 64 million $ question many people have asked me.

This is my most expensive lesson in my life.

I believe I can make back some money using my golden rule for selecting shares- the company must report increasing profit for 2 consecutive quarters.

Sad to say that Jaks does not comply with my golden rule anymore because it has too much borrowings to finance its properties during the current depressed market. Jaks will continue to report losses in the next 2 or 3 years until the completion of the power plant.

Life has many challenges, don’t give up because life also has many solutions.

The sun is a daily reminder that we too can rise again from the darkness.

Posted by xiaoeh > 3 weeks ago | Report Abuse

Thanks Mike

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha never respect Kon n Actor:


—

Posted by xiaoeh > 5 minutes ago | Report Abuse

Posted by Mikecyc > 2 minutes ago | Report Abuse
Haha Actor Xiaoeh still lazy to do own homework ke … posted bought Jaks at RM 0.36 due to No Time to study the Fundamentals… but is So Free “ Gai Poh “ ard with the Kon gang …

hoho Mike
i'm one of your gang...

Posted by xiaoeh > 3 weeks ago | Report Abuse

Posted by LimPek1510LauBoh > 3 minutes ago | Report Abuse
@xiaoeh ..your whole family HA*M KA CHA*N after bangla SIO KAN your mother until cee bai bleeding🩸🩸🩸🩸🩸🩸🩸🩸🩸

noted noted
btw
i must thanks Bangla cafe
u has been training me to become more resilient and widen my horizon
the more u post the more i learn from u and the more and stronger i can withstand all the rubbish
please post more please post more
in return
i wish u and whole your family good health and good wealth

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha see Jaks Vietnam JV Power Plant 1200 MW agreement n contract in Jaks Forum :

1.) Investment certificate

2.) BOT contract
* 25 years from commercial operation date (COD).

3.) Government guarantee (GGU)

4.) Power purchase agreement (PPA)

5.) Coal supply agreement (CSA)

6.) Shareholders agreement (SHA)

7.) JV agreement (JV)

8.) Other Concerns
 
Jaks' Equity Funding Secured 
Source of funding for JPH equity commitment of US$140.14m
* Already invested US$51.15m
* Proposes to fund US$30m via external borrowings
* Balance US$58.99m from cash generated from local and overseas contracts including the Vietnam project contracts.
* Balance Equity commitment of US$110m
* Based on construction earnings history of Jaks from Vietnam of 25% margin. The US$454m EPC2 contract at 25% profit margin (US$113m) is sufficient for the US$110m equity commitment.

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha oh I had seen PureBull posted threads here … just believe 50 % is enough..

He had Bullshhitting on How Best is he on Glove theme rally during Pandemic on 2020 that he posted Top Glove awareness thread on 7/12/2020!… but I read thru his thread n found it is Opposite of what he said ..

I had posted Top Glove TP RM 3.40 on 4/12/2020 …. ard 2 weeks earlier than JPM TP RM 3.50 .

And I did a study on Demand vs Supply of 7 local nitrile gloves companies posted on August 2020 that supply shl be fulfilled demand by netx 12 months from August 2020 .

Posted by Mikecyc > 3 weeks ago |

Post removed.Why?

Posted by Mikecyc > 3 weeks ago |

Post removed.Why?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

When you keep your investing philosophy simple, you will see with clarity.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

CPO prices reached a 2-year high of approximately RM4,950/tonne in early November 2024, up from approximately
RM3,650/tonne at the start of year 2024 (source: Malaysia Palm Oil Board).

In the medium term, several factors are expected to support CPO prices, including tight supplies due to reduced production in Indonesia, demand from Indonesia’s transition to the B40 biofuel mandate by 2025, and overall higher global demand.

Nonetheless, CPO price volatility remains a concern, likely influenced by demand and inventory levels among key importing countries. Seasonal nature of palm oil production and competitive pressures from alternative edible oils, such soybean, rapeseed and sunflower oils, could also impact the industry.

Posted by Sslee > 3 weeks ago | Report Abuse

Jaya Tiasa quarter ended Sept 2024:
Revenue RM 271,658,000
PBT RM 101,351,000
PAT RM 72,391,000
Oil palm EBITDA RM 147,470,000

I expect a higher revenue of 300+ million but Jayatiasa keep it as inventories
30/09/2024 30/06/2024
RM'000 RM'000
Inventories 106,615 48,662

Next quarter will be even much better due to elevate CPO price and if I am not mistaken inventories are recorded at cost or market price whichever is lower

RM'000
Cash and cash equivalents 228,489
Current Liabilities
Loans and borrowings 58,830
Non-current Liabilities -
Loans and borrowings 62,462

Posted by Mikecyc > 3 weeks ago | Report Abuse

Jaks Total Assets :

2018 : RM 2,243.0 million

2019 : RM 2,248.8 million

2020 : RM 2,128.5 million

2021 : RM 2,185.2 million
( Vietnam JV Power Plant 1200 MW , EPCC RM 8.7 billion is fully COD on January 2021 ) .

2022 : RM 2,378.8 million

2023 : RM 2,389.2 million ( increased by + RM 146.2 million vs 2018 over 5 years ) 👍


March 2024 : RM 2383.6 million

June 2024 : RM 2389.0 million


—-

Compared with Jtiasa Total Assets :

2019 : RM 2406 million

2023 : RM 1955 million ( - 451 million )

2024 : RM 1979 million ( + 24 million )

👉👉Is reduced by - RM 427 million from 2019 to 2024 , ie : over 5 years .


👉👉👉 FY24 : Impairment of Total RM 151.2 million!😱🤔


>> Referred to QR ended September 2024 :

👉Total Assets : RM 1970 million vs June 2024 RM 1979 million , is reduced by RM 9 million.

👉👉Acquisition n Disposal of PPE :

> Acquisition = RM 9.1 million
> Disposal = ( RM 0.94 million)

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Recap on why Indonesia is urgent to implement Biodiesel from B35 to B40 to B50 by 2025-2026 :

1.) EUDR :

Postponement of EUDR's entry into application


The Commission is proposing an amendment to the EUDR that would postpone (a) its date of entry into application from 30 December 2024 to 30 December 2025 (and till 30 June 2026 for small and micro-enterprises) and (b) benchmarking deadline to 30 June 2025.

2.) Indonesia is the world's largest exporter of palm oil. In 2023, its total palm oil exports amounted to 27.5 million metric tons, indicating a slight increase from the previous year.

3.) In 2013, India (29% of exports) and the EU (17% of exports) were the biggest importers of Indonesian palm oil. By 2022, exports to India (12%) and the EU (10%) had declined, and China had become the largest importer of Indonesian palm oil, increasing its market share from 11% of exports in 2013 to 14% in 2022.

> In 2023, Indonesia exported around 4.82 million metric tons of palm oil to China, indicating an increase from the previous year. Indonesia exported a total of approximately 27.5 million metric tons of palm oil in that year.

ie : 17.5 % CPO is exported to China on 2023 .


4.) Indonesia, the world's largest palm oil producer, likely consumed 11.9 million mt, or 26.6% of its total production, of the vegetable oil as a biodiesel feedstock in the marketing year 2022-23 (October-September), according to a US Foreign Agricultural Service report released August 2023.

For MY 2023-24, the agency expects Indonesia's industrial use of its palm oil supply to rise to 12.7 million mt, or 27.6% of its production for the year.


👉Question :

1.) If Indonesia is restricted to export CPO to EU , what is the impact to the CPO exporters ?

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Jtiasa is only certified with MPSO .. not like Sime Plant ( SDG ) is certified with RSPO …

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha no wander Putrajaya recently touched on this subject : 废弃食用油（UCO）


中国出口退税新制 可能打击棕油需求
2024年11月19日

吉隆坡19日讯）在中国政府决定取消对废弃食用油（UCO）出口退税优惠后，中国的废弃食用油出口可能会大幅下降，这一举措可能连带导致中国对棕油的需求减少。

中国是目前已知的最大废弃食用油出口国，美国和欧盟是其主要买家之一。


任何对贸易流动的显著干扰，都可能推高生产生物燃料所需原材料的价格。

中信证券在周一的一份报告中表示，随着出口退税的取消，中国废弃食用油出口的价格优势将减弱，预计出口量将从高位回落。

中国政府在上周五晚间的一份声明中表示，自12月1日起，将取消包括多种金属和废弃食用油在内的出口退税，废弃食用油此前享受13%的退税优惠。同时，还将下调部分精炼油、太阳能和电池产品的优惠幅度。


今年，中国向美国出口的废弃食用油量创下历史新高，因为美国的生物燃料生产商大量采购这种原料，这种原料在当前美国生产生物柴油的补贴结构中提供了更大的利润空间。

据海关数据显示，今年前九个月，中国出口了212万吨废弃食用油，已超过2023年全年总出口量。

废弃食用油与豆油存在竞争关系。今年5月，一个代表美国最大豆类加工商的行业组织表示，中国的废弃食用油，正在压低美国用于生产生物燃料的农作物价格。

Kaleesuwari Intercontinental交易和对冲策略负责人格纳纳塞卡·蒂亚加拉詹表示，中国取消废弃食用油出口退税的消息，打击了市场对棕油的情绪。


他认为，中国的需求可能会下降。

Posted by Mikecyc > 3 weeks ago | Report Abuse

Nestle, P&G investigate palm oil sourcing after green group’s Indonesia deforestation report

Published Tue, Nov 12, 2024 · 07:10 AM

CONSUMER brands including Nestle and Procter & Gamble (P&G) said they conducted investigations after an environmental group said palm oil sourced from an illegally cleared wildlife reserve in Indonesia may have found its way into their supply chains.

Rainforests within the legally protected wildlife reserve had been cleared to make way for palm oil plantations during the last eight years, the US-based Rainforest Action Network (RAN) said, citing satellite images that it says reveal deforestation in the area.

Posted by Sslee > 3 weeks ago | Report Abuse

Do someone understand what the different between depreciation and impairment of assets?

Do someone know jaks got cash flow problem and thus very much depend on yearly either PP or RI for working capital and loans repayment?

Also do someone know why jaks come Q4 sure got impairment of receivables? And why jaks never take any legal action to recover the receivables?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

My accounting knowledge is not so good. I stay away from those companies with accounts I find complicated and difficult to comprehend. I thank SSLee for pointing out the finer points on accounts which are remarkable and educational.

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Jaks issued 6 times of PP since 2017 ….. why so many investors interested on Jaks PP , compared to Hexcap no investor interested on its PP n its newly subsidiary Binacom PP ..

Jaks issued 2 times RI :

1.) 27/10/2020 : 1,292,073,304 RM 0.22 (Warrant C : EX price RM 0.49 , maturity on 18/11/2025 ) .


2.) 21/11/2018 : RI in Warrant B only
278,164,186. RM 0.25 . Expired oredi .

👉Konartist sslleee why ah Insas so Cash Rich company also issued 2 times RI Total ard RM 260 million to pay bridging loans ..

Posted by Mikecyc > 3 weeks ago | Report Abuse

Jaks : Why Trade Receivables is High due to Retention Sum .


FY2023 Annual Report:

> Trade Receivables

Third Parties RM 147.6 million

Retention Sum RM 134.4 million

>> the Retention Sum is for the RM 1.1 billion Pacific Star Towers Project .

The 6 years Legal Battle with Star Media is settled out of court on 5/11/2024 ….

Haha Konartist sslleee now knew why Jaks want to opt for settlement out of court.

Posted by Sslee > 3 weeks ago | Report Abuse

We get paid not for jumping over seven-foot bars, but for stepping over one-foot bars.- Warren Buffett

3iii and Warren is right. Investment should be "KISS" and not about jumping over the seven-foot bars.

Posted by qqq47660 > 3 weeks ago | Report Abuse

CONSUMER brands including Nestle and Procter & Gamble (P&G) said they conducted investigations after an environmental group said palm oil sourced from an illegally cleared wildlife reserve in Indonesia may have found its way into their supply chains.
=========

mike
with all the fiasco involving similar organisations, u still believe their nonsense bs stuffs?

even america , Trump america has gone against DEI stuffs. Trump america is just a natural reaction of the lies over decades long. ....DEI, stuffs, neo liberalism, LBGT stuffs, over zealous liberalism....all are discredited stuffs.

Posted by qqq47660 > 3 weeks ago | Report Abuse

CONSUMER brands including Nestle and Procter & Gamble (P&G) said they conducted investigations after an environmental group said palm oil sourced from an illegally cleared wildlife reserve in Indonesia may have found its way into their supply chains.
=========

mike
with all the fiasco involving similar organisations, u still believe their nonsense bs stuffs?

even america , Trump america has gone against DEI stuffs. Trump america is just a natural reaction of the lies over decades long. ....DEI, stuffs, neo liberalism, LBGT stuffs, over zealous liberalism....all are discredited stuffs.