The government will invite bids in August for five geothermal projects as part of the effort to boost electricity supply in less-developed regions, says an official.

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In addition to increasing the export duty on cooking oil, the government is also considering requiring CPO producers to sell a certain portion of their output on the domestic market to help bring down the price of cooking oil, which uses CPO as its main raw material.

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The Riau Islands provincial administration has offered the Haj Fund Board of Malaysia the opportunity to lease one of its islands for development.

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The government finally unveiled Tuesday its long-awaited package of new economic policy reforms that will, among other things, provide tax incentives for publicly listed companies and facilitate easier access to bank loans for small and medium enterprises (SMEs).

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