Trending News: Bursa Malaysia: Invest Malaysia To Attract Over 500 Delegates, AUM Over RM56.7 TrillionSecurities Commission Releases Updated Investor Alert ListAM Best: Favourable Rating Changes For APAC (Re) Insurers Despite Geopolitical UncertaintyFed Rate Cut Impact Propels Gold Futures To Close HigherMenlo Security Named Leader For Secure Enterprise Browsing In GigaOm Radar ReportJohor Allocates Almost RM1 Million To Address Flood Problems In KluangAkwel Anticipates Minor Sales Drop For Current Fiscal YearPara SUKMA:14-Year Old Asyiil Raziin Smashes Para SUKMA Record In Maiden AppearenceMary Kay Now In Kyrgyzstan, Enriching Beauty And Empowerment Globally153 Accounts Linked To GISBH Worth Over RM800,000 Frozen – IGPEBC Bolsters Global Leadership With BrokersView Best Trading Experience AwardArmed Forces Personnel Dies After Being Shot By HunterSC Unveils Family Office Incentive Scheme To Boost InvestmentPAAB Committed To CSR For Sustainability Of Society And EnvironmentPropertyGuru Hopes Govt Will Continue Focus On Affordable Housing In Budget 2025Para Archery: One-armed Nursufiah Releases Arrows With Her MouthBudget 2025: KPK Proposing Initiatives To Strengthen Oil Palm IndustryDecision On GISBH Doctrine Expected After Conference Of Rulers Meeting In October – Mohd Na’imBNM’s International Reserves Rise To US$117.6 Bln As Of Sept 13Thunderstorms, Heavy Rain, Strong Winds In Almost All States – MetmalaysiaMalaysia’s Fiscal Deficit Target Of 3 Pct By 2026 Challenging But Achievable – MARCMOTAC To Forge Closer Cooperation With OIC To Promote Muslim-friendly TourismKPK Proposes Revision Of WPL On Palm Oil; MOF Feedback PendingPoison-pen Letters Urging Boycott Of Mahkota Polls Will Not Affect BN – Ahmad ZahidCIOs Find AI Both Exciting, Stressful – Expereo StudyMAHA 2024: 10 Perlis Entrepreneurs Record Sales Of Over RM390,000, Surpassing TargetCapital A To Hold EGM On Oct 14, 2024, For Disposal Of Aviation BusinessBudget 2025: Additional Funds Needed To Upgrade MYeHALAL System – Mohd Na’imLRN Corporation Is ICA Compliance Awards 2025 Exclusive Headline PartnerLYB Starts Constructions Of Advanced Recycling Plant In GermanyMalaysia’s August Inflation Eases To 1.9 Pct – DoSMKKDW, BHPetrol Ink MoU To Build Petrol Stations In Rural AreasMATRADE To Lead 150 Malaysian Organisations At CAEXPO 2024UMT Launches UMTBeacon To Drive Malaysia’s Involvement In Blue EconomyForeign Investors Remain Net Buyers Last Week, Snapping Up Equities Worth RM271.5 MlnFTC Development Manager Jailed, Fined Over RM7 Million For Abusing PositionMalaysia’s Air Traffic Recovery To Hit 94 Pct In 2024 – MIDFNo Cartel, Monopoly In Fertiliser Supply – NAFASPreqin Expects Global Alternative Markets To Surpass US$30 Trillion By 2030Penang Moots Building Livestock Waste Processing Centre To Solve Pollution IssuesGovt Needs To Address Gaps In National Grids To Foster Renewable Energy ProductionZulhelmy Ithnain New Navy ChiefMahkota Polls: Tengku Zafrul Confident Early Voting Will Favour BNDecision To Revive UPSR, PT3 Must Be Made Holistically – FadhlinaMahkota By-election Early Voting TomorrowPM Anwar Congratulates Sri Lanka’s New President, Reaffirms Commitment To Bilateral TiesMahkota By-election: MIC Confident Indian Community Vote For BNZurich Tagnia Conducting POC For MLFF On WISEFormer MTBC President PS Nathan Passes AwayCIMB Islamic Strengthens Its Support Of Asnaf Farmers In Kedah With Contribution Of Paddy Harvester MachineAkmal Rizal Rues Penang’s Missed Opportunity Against Negeri SembilanAirAsia To Add 2,000 Weekly Flights, 150,000 Seats Across 40 Key Routes By Year-endResults Of 2024 Malaysia Para Games (Sept 23)Supplementary Electoral Roll For August 2024 Open For Review – ECPSEi rally after BSP trims banks’ reserve requirement, peso weakensSignificant Rise In Water Levels At Penang Dams But Still Not ‘Safe’ – PBAPPPH geothermal power firm adds 83MW clean energy by yearend17,160 Cigarette Butts Collected In Environmental Cleanup At Saujana Beach, PDE. Visayas hospital seeks LGUs’ help in blood donation drivesSenate approves 3 measures, South Korea FTAChina’s Guizhou Gains From UNESCO-Listed Rice-Fish-Duck EcosystemGrab PH names new country headGISBH: MoE Taking Over Education Aspect Of Children Rescued Through Op Global – FadhlinaPH gets 2 more Israeli-made missile boatsGunung Lambak A Popular Hiking Spot For All AgesDOJ, private firms to protect health of female inmatesSago, The ‘Tree Of Life’ That Drives Sustainable Peatland Agriculture – Roland Sagah‘Artesanias de Iloilo’ introduces innovations, embraces e-commerceDr Zaliha Encourages More Pakistani Investments In Malaysia’s Food Sector8K kg of waste collected during coastal cleanup in BicolBeard Hair Among Items Seized From GISBH In Op Global RaidPH women’s team wins gold at Chess OlympiadPolice Investigate Video Depicting Elements Of Sarawak, Sabah Separation From MalaysiaP44.7-M farm-to-market roads in Palawan to spur agri activitiesFlood Victims In Kedah Decrease To 7,174 As of TonightPSA intensifies nat’l ID registration in Agusan Sur villagesPara SUKMA: Paddler Mei Hsia hits Paydirt After Braving The Heat And Rain To Attend TrainingEx-presidential spox questions House panel arrest warrant before SCBintulu Port Development To Get A Boost From Singapore Firm’s Expertise – Abang JohariEx-rebels tapped as Borongan City’s forest guardsLower Inflation Helps Ringgit Extend Gain Against US Dollar At CloseSubsidence On Jalan Sultan Ismail Caused By Burst Pipe – JBPMGuo negative for TB, joins 43 other PDLs in Pasig jailFBM KLCI Futures End Lower, Tracking Cash Market’s PerformancePH affirms UN ‘pact’ to boost global governanceKedah Activates PKOB To Prepare For Monsoon Transition PhaseNew NAIA operator to help CAAP upgrade facilities, improve manpowerUniversity Students Urged To Raise Awareness On Occupational Safety And HealthBARMM lawmaker seeks postponement of 2025 parliament pollsHIKAM Pushes For Comprehensive Investigation Into GisbhUN adopts Pact for the Future to help address global challengesBursa Malaysia Ends Easier Amid Consolidation ModeGSIS MPL Flex lends members over P208-B in first yearGSC, Taylor’s University Ink Mou To Nurture Future Film Industry TalentDOTr defers tollway fines on motorists without RFID to 2025Ex-financial Consultant Ordered To Enter Defence For Deceiving MyIPO And Money Laundering ChargesBukidnon cities mark Family Week to promote unity, valuesTVET Graduates To Earn Premium Salaries Of Up To RM4,000 – Ahmad ZahidPH resto chain backs DOT’s gastronomy tourism effortsPara SUKMA 2024: Badrul Hisam Nails Shot Put Gold Thanks To Ziyad’s Mentoring
Tue. Sep 24th, 2024
Trending News: Bursa Malaysia: Invest Malaysia To Attract Over 500 Delegates, AUM Over RM56.7 TrillionSecurities Commission Releases Updated Investor Alert ListAM Best: Favourable Rating Changes For APAC (Re) Insurers Despite Geopolitical UncertaintyFed Rate Cut Impact Propels Gold Futures To Close HigherMenlo Security Named Leader For Secure Enterprise Browsing In GigaOm Radar ReportJohor Allocates Almost RM1 Million To Address Flood Problems In KluangAkwel Anticipates Minor Sales Drop For Current Fiscal YearPara SUKMA:14-Year Old Asyiil Raziin Smashes Para SUKMA Record In Maiden AppearenceMary Kay Now In Kyrgyzstan, Enriching Beauty And Empowerment Globally153 Accounts Linked To GISBH Worth Over RM800,000 Frozen – IGPEBC Bolsters Global Leadership With BrokersView Best Trading Experience AwardArmed Forces Personnel Dies After Being Shot By HunterSC Unveils Family Office Incentive Scheme To Boost InvestmentPAAB Committed To CSR For Sustainability Of Society And EnvironmentPropertyGuru Hopes Govt Will Continue Focus On Affordable Housing In Budget 2025Para Archery: One-armed Nursufiah Releases Arrows With Her MouthBudget 2025: KPK Proposing Initiatives To Strengthen Oil Palm IndustryDecision On GISBH Doctrine Expected After Conference Of Rulers Meeting In October – Mohd Na’imBNM’s International Reserves Rise To US$117.6 Bln As Of Sept 13Thunderstorms, Heavy Rain, Strong Winds In Almost All States – MetmalaysiaMalaysia’s Fiscal Deficit Target Of 3 Pct By 2026 Challenging But Achievable – MARCMOTAC To Forge Closer Cooperation With OIC To Promote Muslim-friendly TourismKPK Proposes Revision Of WPL On Palm Oil; MOF Feedback PendingPoison-pen Letters Urging Boycott Of Mahkota Polls Will Not Affect BN – Ahmad ZahidCIOs Find AI Both Exciting, Stressful – Expereo StudyMAHA 2024: 10 Perlis Entrepreneurs Record Sales Of Over RM390,000, Surpassing TargetCapital A To Hold EGM On Oct 14, 2024, For Disposal Of Aviation BusinessBudget 2025: Additional Funds Needed To Upgrade MYeHALAL System – Mohd Na’imLRN Corporation Is ICA Compliance Awards 2025 Exclusive Headline PartnerLYB Starts Constructions Of Advanced Recycling Plant In GermanyMalaysia’s August Inflation Eases To 1.9 Pct – DoSMKKDW, BHPetrol Ink MoU To Build Petrol Stations In Rural AreasMATRADE To Lead 150 Malaysian Organisations At CAEXPO 2024UMT Launches UMTBeacon To Drive Malaysia’s Involvement In Blue EconomyForeign Investors Remain Net Buyers Last Week, Snapping Up Equities Worth RM271.5 MlnFTC Development Manager Jailed, Fined Over RM7 Million For Abusing PositionMalaysia’s Air Traffic Recovery To Hit 94 Pct In 2024 – MIDFNo Cartel, Monopoly In Fertiliser Supply – NAFASPreqin Expects Global Alternative Markets To Surpass US$30 Trillion By 2030Penang Moots Building Livestock Waste Processing Centre To Solve Pollution IssuesGovt Needs To Address Gaps In National Grids To Foster Renewable Energy ProductionZulhelmy Ithnain New Navy ChiefMahkota Polls: Tengku Zafrul Confident Early Voting Will Favour BNDecision To Revive UPSR, PT3 Must Be Made Holistically – FadhlinaMahkota By-election Early Voting TomorrowPM Anwar Congratulates Sri Lanka’s New President, Reaffirms Commitment To Bilateral TiesMahkota By-election: MIC Confident Indian Community Vote For BNZurich Tagnia Conducting POC For MLFF On WISEFormer MTBC President PS Nathan Passes AwayCIMB Islamic Strengthens Its Support Of Asnaf Farmers In Kedah With Contribution Of Paddy Harvester MachineAkmal Rizal Rues Penang’s Missed Opportunity Against Negeri SembilanAirAsia To Add 2,000 Weekly Flights, 150,000 Seats Across 40 Key Routes By Year-endResults Of 2024 Malaysia Para Games (Sept 23)Supplementary Electoral Roll For August 2024 Open For Review – ECPSEi rally after BSP trims banks’ reserve requirement, peso weakensSignificant Rise In Water Levels At Penang Dams But Still Not ‘Safe’ – PBAPPPH geothermal power firm adds 83MW clean energy by yearend17,160 Cigarette Butts Collected In Environmental Cleanup At Saujana Beach, PDE. Visayas hospital seeks LGUs’ help in blood donation drivesSenate approves 3 measures, South Korea FTAChina’s Guizhou Gains From UNESCO-Listed Rice-Fish-Duck EcosystemGrab PH names new country headGISBH: MoE Taking Over Education Aspect Of Children Rescued Through Op Global – FadhlinaPH gets 2 more Israeli-made missile boatsGunung Lambak A Popular Hiking Spot For All AgesDOJ, private firms to protect health of female inmatesSago, The ‘Tree Of Life’ That Drives Sustainable Peatland Agriculture – Roland Sagah‘Artesanias de Iloilo’ introduces innovations, embraces e-commerceDr Zaliha Encourages More Pakistani Investments In Malaysia’s Food Sector8K kg of waste collected during coastal cleanup in BicolBeard Hair Among Items Seized From GISBH In Op Global RaidPH women’s team wins gold at Chess OlympiadPolice Investigate Video Depicting Elements Of Sarawak, Sabah Separation From MalaysiaP44.7-M farm-to-market roads in Palawan to spur agri activitiesFlood Victims In Kedah Decrease To 7,174 As of TonightPSA intensifies nat’l ID registration in Agusan Sur villagesPara SUKMA: Paddler Mei Hsia hits Paydirt After Braving The Heat And Rain To Attend TrainingEx-presidential spox questions House panel arrest warrant before SCBintulu Port Development To Get A Boost From Singapore Firm’s Expertise – Abang JohariEx-rebels tapped as Borongan City’s forest guardsLower Inflation Helps Ringgit Extend Gain Against US Dollar At CloseSubsidence On Jalan Sultan Ismail Caused By Burst Pipe – JBPMGuo negative for TB, joins 43 other PDLs in Pasig jailFBM KLCI Futures End Lower, Tracking Cash Market’s PerformancePH affirms UN ‘pact’ to boost global governanceKedah Activates PKOB To Prepare For Monsoon Transition PhaseNew NAIA operator to help CAAP upgrade facilities, improve manpowerUniversity Students Urged To Raise Awareness On Occupational Safety And HealthBARMM lawmaker seeks postponement of 2025 parliament pollsHIKAM Pushes For Comprehensive Investigation Into GisbhUN adopts Pact for the Future to help address global challengesBursa Malaysia Ends Easier Amid Consolidation ModeGSIS MPL Flex lends members over P208-B in first yearGSC, Taylor’s University Ink Mou To Nurture Future Film Industry TalentDOTr defers tollway fines on motorists without RFID to 2025Ex-financial Consultant Ordered To Enter Defence For Deceiving MyIPO And Money Laundering ChargesBukidnon cities mark Family Week to promote unity, valuesTVET Graduates To Earn Premium Salaries Of Up To RM4,000 – Ahmad ZahidPH resto chain backs DOT’s gastronomy tourism effortsPara SUKMA 2024: Badrul Hisam Nails Shot Put Gold Thanks To Ziyad’s Mentoring
Tue. Sep 24th, 2024

Budget 2025: KPK Proposing Initiatives To Strengthen Oil Palm Industry

PUTRAJAYA, The Ministry of Plantation and Commodities (KPK) has submitted two proposals to the Ministry of Finance to be considered for inclusion in Budget 2025, namely a revision of the windfall profit levy (WPL) on palm oil and additional allocations for palm oil replanting programmes.

KPK Minister Datuk Seri Johari Abdul Ghani said the WPL review is necessary to ensure the country’s palm oil prices remain competitive compared to other producing nations.

‘I have submitted the proposal to revise the WPL for inclusion in Budget 2025. It is one of the main requests from industry players,” he told reporters after attending the 2023/2024 Malaysian Palm Oil Industry Awards (AISM) here today.

Johari also hopes that the government would consider additional allocations for the Smallholder Palm Oil Replanting Financing Incentive Scheme (TSPKS) to be included in the budget, noting that nearly 1.5 million hectares of palm oil plantations are currently managed by smallholders.

‘Last year, the government allocated RM100 million for TSPKS 2.0, 50 per cent of which as grants and 50 per cent as loans.

‘However, I believe more funding will be needed for palm oil replanting to ensure our future exports are not affected,” he said.

Budget 2025 is scheduled to be presented in the Parliament by Prime Minister Datuk Seri Anwar Ibrahim on Oct 18.

Source: BERNAMA News Agency

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