KUALA LUMPUR (Oct 12): The Malaysian Palm Oil Association’s (MPOA) chief executive Joseph Tek Choon Yee has urged the East Malaysian states and federal governments to revise the state sales tax (SST) and windfall profit levy (WPL), respectively, that are imposed on East Malaysian oil palm growers.
Tek said the proposed price threshold review of the SST in Sabah and Sarawak would take into account the current high cost of palm oil production, while the windfall tax should be revised back to the original 1.5% from the present 3%, after factoring in the existing SST.
MALAYSIAN Palm Oil Board (MPOB) and Briar Resources Sdn Bhd today inked two memoranda of agreements (MoAs) for the technology transfer of two fertiliser formulations for commercialisation to the latter.
The two fertiliser formulations are namely the Enhanced MPOB F5 Fertiliser Formulation (MPOB F5 Improved) and Enhanced MPOB F5 Super Fertiliser Formulation (MPOB F5 Premium).