Musa had a brilliant vision for POIC when he launched it in 2005. POIC was destined to cater for the downstream industry for the rapidly growing oil palm plantations in the East Coast where most of Sabah”s oil palm plantations are located. He has provided POIC with a total of 5,000 acres as he was also eyeing the vast area of Kalimantan that was being developed with large scale oil palm. He was right.
Today, Kalimantan has achieved planting of at least 13 million hectares in 2020. More hectares coming! To put Musa”s vision in today”s context, Sabah has 1.7 million hectares and Malaysia has a total of 5.87m hectares.
Kalimantan by itself has more than doubled Malaysia”s acreage. No doubt, tripling is only in a matter of a few years, considering there is insufficient cooking oil supply in Indonesia even now
As tech giants continue to place faith in Penang as the preferred research and manufacturing hub, there is a need for more land on the island given its inherent appeal
KUALA LUMPUR: Malaysia's electrical and electronics (E&E) sector received a huge boost as Intel Corporation confirmed that it will be plowing RM30bil (USD$7bil) over the next 10 years to upgrade its facility in Penang's Bayan Lepas Free Industrial Zone (FIZ) as well as Kulim, Kedah.