Kok said a decision from the Finance Ministry on the proposal will be known by next month. She described the response from the Finance Ministry so far as “positive”.
KUALA LUMPUR: The Finance Ministry is likely to agree on the proposal to channel the 3% windfall profit tax (WPT) on palm oil producers into a trust fund for biodiesel and oil palm smallholders’ development, according to Primary Industries Minister Teresa Kok.
Speaking during the Concorde Club forum attended by journalists, Kok said a decision from the Finance Ministry on the proposal will be known by next month. She described the response from the Finance Ministry so far as “positive”.
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