PLS Plantation to reduce oil palm business


Lim says most of the company’s revenue is still dominated by oil palm.

PETALING JAYA: Ekovest Bhd’s subsidiary, PLS Plantation Bhd, is planning to reduce its oil palm plantation business from 80% currently to just about 15% over the next few years.

Ekovest group executive chairman Tan Sri Lim Kang Hoo said for now, most of the company’s revenue was still dominated by oil palm.

“The company will gradually diversify its crop to include durian, pineapple, bananas and other crops that are also important in the government’s food security initiative,” he told reporters during Ekovest group’s Chinese New Year open house yesterday. — Bernama

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Tourist arrivals to boost consumer sector
Tencent’s US$160bil rally faces key earnings test
Goldman sees risk of ‘destruction’ in AT1 bonds
Mixed development project from Crest Builder
Cement, materials to drive Cahya Mata earnings
New markets, expanding overseas key for most Singapore SMEs
Amazon set to slash another 9,000 jobs
Big demand for agricultural products
Rehda lauds proposal to cut approval time
China economist pins hopes on real estate and consumption

Others Also Read