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KUALA LUMPUR: The Primary Industries Ministry is seeking diplomatic solutions with India following their move to restrict refined palm oil imports from Malaysia.
PETALING JAYA: The plantation sector is off to a good start in 2020 as crude palm oil (CPO) continues to extend its rally from 2019 to trade above RM3,100 per tonne on strong fundamentals.
PETALING JAYA: MPOB comments on some misconceptions about the windfall profit tax on palm oil.
KUALA LUMPUR (Bernama): The Malaysian Palm Oil Board (MPOB) said the windfall profit tax on planters is imposed only when the crude palm oil (CPO) prices surpass the threshold level set in 2009.
KUALA LUMPUR: The Ministry of Primary Industries (MPI) is optimistic that the Finance Ministry will approve its proposal for the three per cent windfall tax imposed on palm oil planters to be channelled back to the industry.
PETALING JAYA: Plantation players are bracing for the 5% tax which will be imposed on their CPO exports next month for the first time since August last year.
PETALING JAYA: Planters in Peninsular Malaysia are expected to pay the palm oil windfall profit tax (WPT) by next month.
KUALA LUMPUR: Malaysian Palm Oil Association calls on government to indefinitely suspend the windfall tax imposed on palm growers even when prices surpass 2,500 ringgit/ton, while crude palm oil export duty exemption should continue into next year, the group says.
GENERALLY, Finance Ministers are meticulous in their messaging. This is because what they say – even in passing – is taken seriously. It has been proven time and again – both locally and overseas.