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The Plantation Industries and Commodities Ministry will re-appeal to the Finance Ministry on behalf of oil palm planters to consider abolishing the windfall tax introduced in July 2008 if crude palm oil (CPO) prices climb back to above RM2,000 per tonne.
For investors, 2008 is a year which they wished to forget as soon as possible after the KL Composite Index (KLCI) fell 38.9%.
THE Government is considering other options to obtain electricity, apart from extending the contracts of the first generation independent power producers (IPPs), which will expire between 2015 and 2017, said Energy, Water and Communications Minister Datuk Shaziman Abu Mansor.
A meeting of the Cabinet Committee on Palm Oil Competitiveness, scheduled for yesterday, has been put off till end of the month.