Finance Minister Lim Guan Eng speaking to reporters at the Parliament lobby April 2, 2019. — Picture by Ahmad Zamzahuri
“In order to ensure the demand for palm oil is not just enjoyed by large companies the government has expanded its outreach to help smaller planters. Lim said the government hopes that these new innovations will increase productivity and income of smallholders. Under the MoU related to palm oil, signed by Primary Industries Ministry’s secretary-general Datuk Dr Tan Yew Chong on behalf of Malaysia, China agreed to buy an additional supply of at least 1.9 million tonnes of edible oil from Malaysia over five years starting 2019.Lim said besides the government will also provide help to farmers in obtaining their Malaysian Sustainable Palm Oil certification.
guanenglim Before you throw RM500 million away, could you please reveal how muck 'loans' were given previously to oil palm smallholders, how much repaid and how much written off?
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