This month, the European Commission concluded that palm oil cultivation results in excessive deforestation and its use in transport fuel should be phased out by 2030.
Pinol said on Thursday he had also asked Malaysia and Indonesia to check on reports of the smuggling of crude and refined palm oil into the Philippines.
SGX's suite of equities, commodities and forex derivative products have helped power earnings growth, despite a subdued performance in its cash equities business.
Asia's spot prices for LNG crashed below the $5 per million British thermal unit mark this week, reflecting the absence of growth in demand or any major supply outages.
Cook's comments come as Apple weathers sinking sales in China because of a contracting smartphone market, increasing pressure from Chinese rivals, and slowing upgrade cycles.