Investment in downstream palm oil industry not satisfactory theborneopost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theborneopost.com Daily Mail and Mail on Sunday newspapers.
Recently, the borderland issue has been gaining attention due to the arguments surrounding the construction of the CIQ complex in Serudong, Kalabakan district.
In March 2022, the Federal Finance Ministry decided to postpone the RM215 million project, citing “insufficient funding” as the main reason. The postponement has immediately attracted a storm of protest from the state government
Published on: Sunday, March 07, 2021
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Credit: malaysiakini.com
CHAIRMAN of Palm Oil Industry Cluster (POIC) Datuk Yong Teck Lee in his statement said that additional palm oil cess is damaging to Sabah’s economic recovery.
The new additional RM2 cess per ton is on top of the existing RM14 per ton of Crude Palm Oil, making a total of RM16 per ton.
Sabahans must be disappointed and depressed with such statement that just increasing cess by RM2 per ton of crude palm oil will destroy Sabah economy. Based on his statement Yong must be for and representing capitalists and the rich.