Lima proposes 70,000ha oil palm project to plantation giant Sime Darby

VLADIVOSTOK (Eastern Russia): Peru has offered Malaysian plantation giant Sime Darby 70,000ha for oil palm cultivation in a project that could be worth up to US$300mil (RM934bil), Foreign Minister Datuk Seri Anifah Aman said.

He said Sime Darby was now studying the offer as it was a major investment.