Palm oil fund


MIDA is encouraging the Malaysian palm oil industry to apply for the Industry4WRD Domestic Investment Strategic Fund.

KUALA LUMPUr: The Malaysian Investment Development Authority (MIDA) is encouraging the Malaysian palm oil industry to apply for the Industry4WRD Domestic Investment Strategic Fund (DISF).

Executive director of manufacturing development (resource) Mohamad Ismail Abu Bakar said MIDA is committed to assisting the companies, especially in the downstream value chain.

“Some of the areas that we are targeting are oleochemicals, food-based products and phytonutrients, ” he said during a briefing on the incentives available for the Malaysian palm oil industry held virtually. — Bernama

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