The government remains committed to increasing and improving the
country's palm oil sector, the Performance Management and Delivery Unit
(Pemandu) in the Prime Minister's Department said in its 2012 Annual
Report of the Economic Transformation Programme (ETP).
The
Palm Oil National Key Economic Area (NKEA), Malaysia's most important
commodity is expected to contribute from RM125 billion to RM178 billion
to the Gross National Income (GNI) and create about 41,600 jobs by 2020,
with the government's focus on eight Entry Point Projects (EPPs).
It
said palm oil production has surged in recent decades, owing to the
success and support of research and development activities in developing
higher-yielding, top quality crops by the Malaysian Palm Oil Board
(MPOB). The eight EPPs have been outlined by the government under the
palm oil NKEA to drive the sector's growth and its role as a central
element of the national economy.
This week Business Circle
talks to Tan Sri Dato' Seri Lee Oi Hian - Chief Executive Officer of
Kuala Lumpur Kepong Berhad and Ku Kok Peng - Director, Palm Oil &
Rubber, NKEA & ETP Investment, PEMANDU on the possibilities
available for Malaysia through Palm Oil Industry.
