KUCHING: Sarawak may lose some RM400mil in sales tax revenue a year from oil palm products following the refusal of a multinational refinery company to buy crude palm oil (CPO) from mills in the state.
A Singapore-based company, Wilmar International Ltd, which has its refinery in Bintulu, has written to the state government to inform that it would stop buying CPO produced from oil palm trees planted in forest areas and peat swamp land in the state from 2015 onwards.
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