PALM NEWS MALAYSIAN PALM OIL BOARD Wednesday, 27 Nov 2024

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MPIC SEEKS MORE FUNDS UNDER 2005 BUDGET
calendar27-08-2004 | linkBernama | Share This Post:

PUTRAJAYA, Aug 26 (Bernama) -- The Ministry of Plantation Industriesand Commodities (MPIC) is seeking for more funds under the 2005 budget inorder to provide better incentives for the forest plantation industry.The Budget will be tabled this Sept 10."The government has already given incentives, but because the longgestation period for the forest plantations, we have to look at whatincentives that can attract investors," he said at a media briefing heretoday on his impending mission to Sao Tome & Principe."What we are looking into is actually to provide more incentives forforest plantations of rubber."He added that the ministry was also seeking the government's approvalto give RM1 billion for the downstream activities of palm oil."I think we have been one of the main contributors to the exportearnings of the country. Last year, the commodities contributed RM59.5billion, with palm oil alone contributing RM28 billion," he added. --BERNAMA