{
    "success": true,
    "data": {
        "id": 10283,
        "msgid": "malaysias-tdm-to-develop-plantation-land-1209449879",
        "date": "2008-04-29 13:17:59",
        "title": "Malaysia's TDM to develop plantation land",
        "author": "",
        "source": "GOI",
        "tags": "business",
        "topic": null,
        "summary": "TDM Bhd of Malaysia has signed a heads of agreement (HoA) with its subsidiary, PT Rafi Kamajaya Abadi, and H. Rahman to acquire and develop 30,000 hectares of oil palm plantation land, Asia Pulse reported Monday (14\/4\/08). The land located in West Kalimantan will be developed into an oil palm plantation under a proposed joint venture, it said in a statement. Total investment is RM320.14 million ($100 million).",
        "content": "<p>TDM Bhd of Malaysia has signed a heads of agreement (HoA) with its subsidiary, PT Rafi Kamajaya Abadi, and H. Rahman to acquire and develop 30,000 hectares of oil palm plantation land, Asia Pulse reported Monday (14\/4\/08).<\/p>\n<p>The land located in West Kalimantan will be developed into an oil palm plantation under a proposed joint venture, it said in a statement. Total investment is RM320.14 million ($100 million).<\/p>\n<p>TDM said it will fund the investment for the joint venture through internally generated funds and\/or bank borrowings.<\/p>\n<p>The statement said that in 2007, TDM had, via PT Rafi, acquired 10,000 hectares of land in Indonesia for oil palm plantation business.<\/p>\n<p>It said the joint venture will allow TDM to enjoy economies of scale in its plantation operations, as the land is located next to its existing oil palm plantation business.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/malaysias-tdm-to-develop-plantation-land-1209449879",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}