KUALA LUMPUR, Oct 2 — The Malaysian Palm Oil Association (MPOA) had called on the government to revert the rate of the windfall profit levy (WPL) for Sabah and Sarawak to 1.5 per...
Singapore: Migrant workers at Tanah Merah dorm have to wait hours for shuttle bus; operator says it's only a peak-period problemMPOA also called for tax incentives to support large-scale replanting initiatives, recognising its critical role in safeguarding the sector’s future productivity to support its supply chain and sustaining competitiveness.
Its chief executive officer, Joseph Tek Choon Yee, said that while growers carry out replanting programmes annually, larger replanting hectarage must be immediately pursued. He pointed out that by 2027, the aged palm area will grow to 770,000 hectares if the replanting rate continues at less than 2 per cent of the total planted area a year.
“We appeal to the government to extend the reinvestment allowance tax incentive to specifically include the replanting of oil palm and to allow utilisation of RA against the company’s statutory income. He said this adjustment is urgently needed to ensure the continued and sustainable operation of the sector and to address the skills gap among the incoming foreign workforce.
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