PM: Malaysia, China teaming up on palm oil-based products involving RM6b in FDI

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PM: Malaysia, China teaming up on palm oil-based products involving RM6b in FDI
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KUALA LUMPUR, July 26 — China’s state-owned companies will collaborate with Malaysian firms as well as the Malaysian Palm Oil Board (MPOB) to produce palm oil-based products...

KUALA LUMPUR, July 26 — China’s state-owned companies will collaborate with Malaysian firms as well as the Malaysian Palm Oil Board to produce palm oil-based products involving RM6 billion in foreign direct investment.

“The joint venture is expected to provide 1,000 job opportunities,” he said in his speech at the launch of the Malaysia International Agricommodity Expo and Summit 2022 here today. He also expressed hope that the agricommodity sector will help to rejuvenate the country’s economy and restore the people’s economic stability.

“Up to February this year, commodity exports rose five per cent or RM31.6 billion compared with the same period last year.

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