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KUALA LUMPUR: IOI Corporation Bhd's Datuk Lee Yow Chor has been elected as the chairman of the Malaysian Palm Oil Association (MPOA) for 2020 to 2022.
KUALA LUMPUR: IOI Corp Bhd’s Datuk Lee Yow Chor has been elected as the chairman of the Malaysian Palm Oil Association (MPOA) from 2020 to 2022.
KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA) has launched its responsible employment charter to outline the commitment of its members to the responsible recruitment and treatment of their workers.
PETALING JAYA: Planters are seeking a full review of the current palm oil windfall profit tax (WPT) and its export duty under Budget 2021.
KUALA LUMPUR: The Malaysian Palm Oil Council (MPOC) has appointed United Plantations Bhd’s vice-chairman and chief executive director, Datuk Carl Bek-Nielsen as its new chairman, effective May 1, 2023.
While Budget 2025 introduced several key measures aimed at fostering economic growth and social equity, its implications on the labour-intensive sectors like plantations, particularly the palm oil industry, are raising concerns about the rising cost implications they face.
Big and mid-sized planters, which are armed with multiple certified sustainable palm oil certifications, could likely secure a better export entry for their palm oil products under the new European Union Deforestation-Free Regulation (EUDR) slated to be enforced by January 2025, say industry players.
THE Covid-19 pandemic has affected the rice bowls of many Malaysians. Some have lost jobs while others face salary cuts – the fallout from the movement control order (MCO) as the government sought to minimise the impact of the pandemic. The youth are especially hard hit.
UNDER Budget 2023, government-linked companies (GLCs) and government-linked investment companies (GLICs) are committed to investments of up to RM50bil next year.
