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Minister: Malaysia to collect nearly RM300m from windfall tax on palm oil in Q1 2021 | Money

Saturday, 08 May 2021 04:20 PM MYT A worker collects palm oil fruits at a plantation in Kuala Selangor January 2, 2020. Picture by Yusof Mat Isa Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA NERUS, May 8 The government is expected to earn RM295 million in windfall profit tax in the first three months of this year with crude palm oil (CPO) prices rising above RM2,500 a tonne. Plantation Industries and Commodities Minister Datuk Khairuddin Aman Razali said this was a positive development amid the lower revenue problem faced by the country due to the effects of the Covid-19 pandemic.

Plantation Industries Ministry: Afghanistan can be golden gateway for Malaysian palm oil to Central Asia | Money

Saturday, 10 Apr 2021 07:20 PM MYT A worker shows oil palm fruits at a plantation in Kuala Selangor January 2, 2020. Picture by Yusof Mat Isa Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 10 Afghanistan can be the ‘golden gateway’ for Malaysian palm oil to be marketed in Central Asia such as Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan as well as other countries in the region. The Ministry of Plantation Industries and Commodities (MPIC) said the possibility was discussed by its Minister Datuk Mohd Khairuddin Aman Razali with the Afghanistan ambassador to Malaysia, Dr Mohib Rahman Spingar who paid a courtesy call on the ministry on Thursday.

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