Mpoa Proposes 3 Budget Wish List Items To Safeguard Oil Palm Industry




The Malaysian Palm Oil Association (MPOA) is proposing three wish list items for the government in its Budget 2020 to safeguard the wellbeing of the oil palm industry as well as the 650,000 smallholders while improving the country’s revenue from the agriculture sector
Its chief executive Nageeb Wahab said the government should channel back the collection from the windfall tax into funds for the industry, allow a higher intake of foreign workers (to optimise oil palm yields) as well as standardise the property assessment tax incurred by the plantations
“Since the imposition of the windfall tax on the industry on July 1, 2008, the oil palm plantation companies have paid between RM6 billion to RM7 billion to the government
“It goes directly to the government’s coffers. For example, in 2017 alone, when the palm oil price shot up to RM2,800 per tonne on average, the industry paid the government RM1.2 billion,” he told Bernama

Nageeb noted that under the current economic uncertainty, the industry is aware that it cannot ask the government for new subsidies or funds but insists on having the windfall tax collected to be channelled back to the industry
“We have tried asking the previous government but now we are again asking the present government for consideration,” he said
According to him, the collection from the windfall tax could also be used to promote the B10 and B20 biodiesel mandate in the domestic market which will help to increase domestic consumption
On this note, he suggested that the government emulate the initiative of Indonesia, which imposes a tax on crude palm oil (CPO) exports of US$50 (per metric tonne) and US$30 (per metric tonne) on processed palm oil products exports
Proceeds from these export levies would then be used to fund the government’s biodiesel subsidy programme
“We may not have to follow their method and instead utilise funds collected from the windfall tax as an example,” he said
A windfall tax is a tax levied by governments against certain industries when economic conditions allow those industries to experience above-average profits
Currently, the oil palm industry in Malaysia is subject to a windfall tax, with oil palm planters in Peninsular Malaysia paying a windfall levy of 15 percent if the palm oil price is above RM2,500 per tonne
Planters in Sabah and Sarawak, however, pay this levy at a lower rate of 7.5 percent if the price crosses RM3,000 per tonne but have to comply with a separate sales tax of 7.5 percent (Sabah) and five per cent (Sarawak)
MPOA, according to Nageeb, is also hoping that the government would also allow and assist local plantation companies to hire more foreign workers as harvesting of fresh fruit bunches (FFB) is still being done manually in the absence of machines or equipment that is proven to be economically viable
He also urged the government not to impose the multi-tier levy system on employers
“The locals especially the younger generation do not want to work in the plantation industry... they deem this industry as a 4D - dangerous, difficult, dirty and demeaning - industry
“So even though we provide all the necessities such as houses, water supply, electricity, transportation and even cooking oil and rice, we still can’t attract Malaysians, so we are left with no choice but to hire foreign workers,” he elaborated
Nageeb said currently 85 percent of the workers in the plantation industry are foreigners, mainly from Indonesia
Bangladeshi and Nepalese, Indian and Myanmar workers are also adapting well to the industry
This number is increasing year-by-year, he said, adding that the shortage of workers results in at least a 10 percent lower yield, impacting the cost and bottom line for the companies involved
“About 50 percent of Malaysia’s plantation areas are located in Sabah and Sarawak and in these states, the labour shortage is even more acute, which could easily result in a crop loss of 20 per cent of the potential yield,” he said
He also urged the government to standardise the property assessment tax in all states
“There should be a standardised tax collected in each state and not one state charging a five per cent tax while another state charges a 10 percent tax. We are willing to pay but give us a standardised tax and a reasonable amount of tax,” he added
Currently, the local oil palm plantation sector has to pay several taxes including corporate tax, windfall profit levy, property assessment tax, export duty on CPO, cess for research and development, regulation and promotion, foreign workers' levy, Sabah sales tax, Sarawak sales tax and Sarawak land tax
Some 35 to 40 percent of companies’ pre-tax profit goes to the government as taxes. MPOA represents 118 plantation companies, which account for 1.87 million hectares or 40 percent of the total planted oil palm area in the country
Its members include the plantation sector’s big boys such as Kuala Lumpur Kepong, FGV Holdings Bhd, Sime Darby Plantation Bhd and IOI Bhd
- Bernama

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2019/09/mpoa-proposes-3-budget-wish-list-items.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+M

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Sarawak Report Accuses Palm Oil Industry Of Worker Abuse

Sarawak Report Accuses Palm Oil Industry Of Worker Abuse

papar berkaitan - pada 18/9/2019 - jumlah : 135 hits
The message drummed out for the past year through the enormously expensive PR blitz by the Oil Palm Industry is that all criticism of its practices are made up lies formulated by evil NGOs secretly paid by rival industries like soya bean an...
Look At The Evidence Not The Ads Swiss Report Exposes Palm Oil Worker Abuse

Look At The Evidence Not The Ads Swiss Report Exposes Palm Oil Worker Abuse

papar berkaitan - pada 19/9/2019 - jumlah : 98 hits
The message drummed out for the past year through the enormously expensive PR blitz by the Oil Palm Industry is that all criticism of its practices are made up lies formulated by evil NGOs secretly paid by rival industries like soya bean an...
Palm Oil Taking A Leaf From Timber Trade On Sustainability Certification Says Kok

Palm Oil Taking A Leaf From Timber Trade On Sustainability Certification Says Kok

papar berkaitan - pada 24/9/2019 - jumlah : 107 hits
Less than half of the palm oil plantations in the country are certified under the Malaysian Sustainable Palm Oil scheme KUALA LUMPUR Primary Industries Minister Teresa Kok says the palm oil industry is learning from the timber industry in o...
Mahathir Defends Palm Oil In Un Address

Mahathir Defends Palm Oil In Un Address

papar berkaitan - pada 29/9/2019 - jumlah : 137 hits
Mahathir Mohamad has highlighted Malaysia s objection over attempts to ban the import of palm oil at the United Nations saying it is a classic case of the denial of free trade Speaking at the General Debate of the 74th Session of the UN Gen...
Dr Beau Pure Natural Skin Oil Berkesan Merawat Masalah Kulit Wajah

Dr Beau Pure Natural Skin Oil Berkesan Merawat Masalah Kulit Wajah

papar berkaitan - pada 3/10/2019 - jumlah : 209 hits
Serum Dr Beau Merawat Kulit Berjerawat Jeragat dan Kulit KusamDr Beau Pure Natural Skin Oil Serum Wajah menjadi perkara pertama yang dilihat apabila bertentang mata dengan seseorang Yalah nak berbicara mestilah mahu tengok muka kan Tapi kad...
No Oil Refinery Project In Segari Mb

No Oil Refinery Project In Segari Mb

papar berkaitan - pada 29/9/2019 - jumlah : 65 hits
No approval has been given for the construction of an oil refinery in Segari Lumut said Perak Menteri Besar Ahmad Faizal Azumu There are companies that came up with proposals to set up the oil refinery but they have to carry out environment...
Oil S Rising Again As Iran S Warning Of War Ratchets Up Tensions

Oil S Rising Again As Iran S Warning Of War Ratchets Up Tensions

papar berkaitan - pada 20/9/2019 - jumlah : 128 hits
The threat of war in the Middle East is pushing oil prices higher again capping one of the most dramatic ever weeks for crude markets in which 5 of the world s supplies were cut by attacks on Saudi production facilities While Saudi Arabia s...
Abdul Karim Ph Should Stop Lying Make Good On 20pct Oil Royalty Pledge To Sarawak Sabah

Abdul Karim Ph Should Stop Lying Make Good On 20pct Oil Royalty Pledge To Sarawak Sabah

papar berkaitan - pada 28/9/2019 - jumlah : 179 hits
Tourism Arts and Culture Minister Datuk Abdul Karim Rahman Hamzah urges the Pakatan Harapan federal government to make good of their pledge listed in their election manifesto which is to grant 20 per cent oil royalty to Sarawak You pledge 2...
Young Living Essential Oil Panaway Bantu Legakan Sakit Otot

Young Living Essential Oil Panaway Bantu Legakan Sakit Otot

papar berkaitan - pada 19/9/2019 - jumlah : 175 hits
Kaki kejang cramp dan sakit otot sejenis penyakit yang susah nak tahan sakitnya Bayangkan kalau kaki cramp tiba tiba memang rasa nak nangis dibuatnya Kalau tak diurut atau takda apa apa rawatan terpaksalah menahan derita sakit tu Selain itu...
Shukri Abdull Panas Punggung Atas Pendedahan Takiyuddin

Bagaimana Tahanan Bergari Boleh Jatuh Hingga Maut Di Mahkamah

Wow Abg Asri Jadi Perhatian Ramai Selepas Bongkar Aktiviti Haram Pemilik Bisnes Burger Jumpa Kpn

Pelaku Ditangkap Korban Pemerkosaan Yang Curhat Di Medsos Mengaku Belum Puas Dan Bilang Begini

Drama Serikan Hatimu 2 Lakonan Syafiq Kyle Dan Mimi Lana

Sindiket Judi Kebal Respon Bekas Pegawai Polis Yang Difitnah Kerana Kacau Sindiket Jenayah Ada Kabel Besar

Raja Bahrin Accuses Terengganu Sultan And Ahmad Said Of Stealing Billions

5 Ideas To Save Space In A Smaller Home



Apa Yang Berlaku Kepada Badan Apabila Anda Mengambil Steroid

6 Letupan Akibat Kemalangan Paling Kuat Dalam Sejarah

Kisah Doktor Perubatan Yang Tak Mandi Guna Sabun Selama 5 Tahun

Kenapa Produk Berorientasikan Gamers Buruk Rekaannya

Resepi Nasi Goreng Kerabu Paling Wangi


Diviralkan Mirip Salib Ini Makna Desain Di Spanduk Hut Ri Ke 75

Kisah Rumah Di Tengah Jalan Layang Pemilik Ngeyel Tak Mau Digusur

Karena Unggahan Di Medsos Anggota Dprd Ciamis Laporkan Anaknya Ke Polisi

Singapore Crushes Massive Ivory Haul On Eve Of World Elephant Day

Defying China Hong Kongers Rush To Buy Pro Democracy Newspaper

Seriuslah Fan Bingbing Lakukan 28 Step Rutin Kecantikan