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2021-12-02 10:19 | Report Abuse
topglove in short selling list
2021-12-02 10:18 | Report Abuse
look difficult stay above 3.00
2021-02-05 10:19 | Report Abuse
Govt awards RM6.2 mil Smart Automation Grant to 66 SMEs, mid-tier companies
KUALA LUMPUR (Feb 4): A total of 66 small and medium-sized enterprises (SMEs) and mid-tier companies have been awarded the Government's National Economic Recovery Plan (PENJANA) 2020 #SMART Automation Grant (SAG).
In a statement today, the Malaysia Digital Economy Corporation (MDEC) said the grant, involving a total of RM6.2 million, was awarded to registered businesses in primarily traditional or non-technology activities from the services sector.
MDEC chief marketing officer and head of digital investments and brand Raymond Siva said the outcome-based matching grant will assist these companies to accelerate automation and achieve productive results, such as increased revenues; savings in business costs; reduction of process time cycle and man-hours spent; and creating new sources of growth.
“Each successful applicant had been allocated up to 50 per cent of their total project cost, subject to a limit of RM200,000, or whichever is the lowest, through this matching grant.
This means the successful applicants will pay at least 50 per cent of the total cost of the digitalisation project and, subsequently, receive the remaining amount based on the achievements of the agreed milestone deliverables, he said.
MDEC said the SAG, which was launched in July 2020, had been conceptualised as a matching grant for companies in the services sector to spur them towards automating their business processes and pursue full digitalisation.
The grant allocated from the 2020 PENJANA initiative aims to drive these businesses towards kickstarting the implementation of digital processes and the use of technology tools that will automate their business operations,” it said.
MDEC noted that all of the 66 approved SAG recipients come from all over Malaysia, including service providers from the wholesale and retail trade (30 per cent); general services (24 per cent); and professional services (14 per cent).
The other sectors consist of transportation and storage, tourism, education, healthcare, food and beverage, financial and insurance, and real estate and construction.
Since its unveiling, this initiative solely focused on enabling digital adoption among businesses, which is a central part of MDEC’s three strategic framework pillars, namely Digital Jobs, Digital Businesses and Digital Investments.
The agency continues to set the foundation for SMEs and mid-tier companies to thrive in the Fourth Industrial Revolution era by focusing on empowering businesses at every level and in all sectors.
2021-02-05 10:14 | Report Abuse
Govt awards RM6.2 mil Smart Automation Grant to 66 SMEs, mid-tier companies
KUALA LUMPUR (Feb 4): A total of 66 small and medium-sized enterprises (SMEs) and mid-tier companies have been awarded the Government's National Economic Recovery Plan (PENJANA) 2020 #SMART Automation Grant (SAG).
In a statement today, the Malaysia Digital Economy Corporation (MDEC) said the grant, involving a total of RM6.2 million, was awarded to registered businesses in primarily traditional or non-technology activities from the services sector.
MDEC chief marketing officer and head of digital investments and brand Raymond Siva said the outcome-based matching grant will assist these companies to accelerate automation and achieve productive results, such as increased revenues; savings in business costs; reduction of process time cycle and man-hours spent; and creating new sources of growth.
“Each successful applicant had been allocated up to 50 per cent of their total project cost, subject to a limit of RM200,000, or whichever is the lowest, through this matching grant.
This means the successful applicants will pay at least 50 per cent of the total cost of the digitalisation project and, subsequently, receive the remaining amount based on the achievements of the agreed milestone deliverables, he said.
MDEC said the SAG, which was launched in July 2020, had been conceptualised as a matching grant for companies in the services sector to spur them towards automating their business processes and pursue full digitalisation.
The grant allocated from the 2020 PENJANA initiative aims to drive these businesses towards kickstarting the implementation of digital processes and the use of technology tools that will automate their business operations,” it said.
MDEC noted that all of the 66 approved SAG recipients come from all over Malaysia, including service providers from the wholesale and retail trade (30 per cent); general services (24 per cent); and professional services (14 per cent).
The other sectors consist of transportation and storage, tourism, education, healthcare, food and beverage, financial and insurance, and real estate and construction.
Since its unveiling, this initiative solely focused on enabling digital adoption among businesses, which is a central part of MDEC’s three strategic framework pillars, namely Digital Jobs, Digital Businesses and Digital Investments.
The agency continues to set the foundation for SMEs and mid-tier companies to thrive in the Fourth Industrial Revolution era by focusing on empowering businesses at every level and in all sectors.
2021-02-05 10:13 | Report Abuse
Govt awards RM6.2 mil Smart Automation Grant to 66 SMEs, mid-tier companies
KUALA LUMPUR (Feb 4): A total of 66 small and medium-sized enterprises (SMEs) and mid-tier companies have been awarded the Government's National Economic Recovery Plan (PENJANA) 2020 #SMART Automation Grant (SAG).
In a statement today, the Malaysia Digital Economy Corporation (MDEC) said the grant, involving a total of RM6.2 million, was awarded to registered businesses in primarily traditional or non-technology activities from the services sector.
MDEC chief marketing officer and head of digital investments and brand Raymond Siva said the outcome-based matching grant will assist these companies to accelerate automation and achieve productive results, such as increased revenues; savings in business costs; reduction of process time cycle and man-hours spent; and creating new sources of growth.
“Each successful applicant had been allocated up to 50 per cent of their total project cost, subject to a limit of RM200,000, or whichever is the lowest, through this matching grant.
This means the successful applicants will pay at least 50 per cent of the total cost of the digitalisation project and, subsequently, receive the remaining amount based on the achievements of the agreed milestone deliverables, he said.
MDEC said the SAG, which was launched in July 2020, had been conceptualised as a matching grant for companies in the services sector to spur them towards automating their business processes and pursue full digitalisation.
The grant allocated from the 2020 PENJANA initiative aims to drive these businesses towards kickstarting the implementation of digital processes and the use of technology tools that will automate their business operations,” it said.
MDEC noted that all of the 66 approved SAG recipients come from all over Malaysia, including service providers from the wholesale and retail trade (30 per cent); general services (24 per cent); and professional services (14 per cent).
The other sectors consist of transportation and storage, tourism, education, healthcare, food and beverage, financial and insurance, and real estate and construction.
Since its unveiling, this initiative solely focused on enabling digital adoption among businesses, which is a central part of MDEC’s three strategic framework pillars, namely Digital Jobs, Digital Businesses and Digital Investments.
The agency continues to set the foundation for SMEs and mid-tier companies to thrive in the Fourth Industrial Revolution era by focusing on empowering businesses at every level and in all sectors.
2021-02-05 10:12 | Report Abuse
Govt awards RM6.2 mil Smart Automation Grant to 66 SMEs, mid-tier companies
KUALA LUMPUR (Feb 4): A total of 66 small and medium-sized enterprises (SMEs) and mid-tier companies have been awarded the Government's National Economic Recovery Plan (PENJANA) 2020 #SMART Automation Grant (SAG).
In a statement today, the Malaysia Digital Economy Corporation (MDEC) said the grant, involving a total of RM6.2 million, was awarded to registered businesses in primarily traditional or non-technology activities from the services sector.
MDEC chief marketing officer and head of digital investments and brand Raymond Siva said the outcome-based matching grant will assist these companies to accelerate automation and achieve productive results, such as increased revenues; savings in business costs; reduction of process time cycle and man-hours spent; and creating new sources of growth.
“Each successful applicant had been allocated up to 50 per cent of their total project cost, subject to a limit of RM200,000, or whichever is the lowest, through this matching grant.
This means the successful applicants will pay at least 50 per cent of the total cost of the digitalisation project and, subsequently, receive the remaining amount based on the achievements of the agreed milestone deliverables, he said.
MDEC said the SAG, which was launched in July 2020, had been conceptualised as a matching grant for companies in the services sector to spur them towards automating their business processes and pursue full digitalisation.
The grant allocated from the 2020 PENJANA initiative aims to drive these businesses towards kickstarting the implementation of digital processes and the use of technology tools that will automate their business operations,” it said.
MDEC noted that all of the 66 approved SAG recipients come from all over Malaysia, including service providers from the wholesale and retail trade (30 per cent); general services (24 per cent); and professional services (14 per cent).
The other sectors consist of transportation and storage, tourism, education, healthcare, food and beverage, financial and insurance, and real estate and construction.
Since its unveiling, this initiative solely focused on enabling digital adoption among businesses, which is a central part of MDEC’s three strategic framework pillars, namely Digital Jobs, Digital Businesses and Digital Investments.
The agency continues to set the foundation for SMEs and mid-tier companies to thrive in the Fourth Industrial Revolution era by focusing on empowering businesses at every level and in all sectors.
2021-02-05 10:12 | Report Abuse
Govt awards RM6.2 mil Smart Automation Grant to 66 SMEs, mid-tier companies
KUALA LUMPUR (Feb 4): A total of 66 small and medium-sized enterprises (SMEs) and mid-tier companies have been awarded the Government's National Economic Recovery Plan (PENJANA) 2020 #SMART Automation Grant (SAG).
In a statement today, the Malaysia Digital Economy Corporation (MDEC) said the grant, involving a total of RM6.2 million, was awarded to registered businesses in primarily traditional or non-technology activities from the services sector.
MDEC chief marketing officer and head of digital investments and brand Raymond Siva said the outcome-based matching grant will assist these companies to accelerate automation and achieve productive results, such as increased revenues; savings in business costs; reduction of process time cycle and man-hours spent; and creating new sources of growth.
“Each successful applicant had been allocated up to 50 per cent of their total project cost, subject to a limit of RM200,000, or whichever is the lowest, through this matching grant.
This means the successful applicants will pay at least 50 per cent of the total cost of the digitalisation project and, subsequently, receive the remaining amount based on the achievements of the agreed milestone deliverables, he said.
MDEC said the SAG, which was launched in July 2020, had been conceptualised as a matching grant for companies in the services sector to spur them towards automating their business processes and pursue full digitalisation.
The grant allocated from the 2020 PENJANA initiative aims to drive these businesses towards kickstarting the implementation of digital processes and the use of technology tools that will automate their business operations,” it said.
MDEC noted that all of the 66 approved SAG recipients come from all over Malaysia, including service providers from the wholesale and retail trade (30 per cent); general services (24 per cent); and professional services (14 per cent).
The other sectors consist of transportation and storage, tourism, education, healthcare, food and beverage, financial and insurance, and real estate and construction.
Since its unveiling, this initiative solely focused on enabling digital adoption among businesses, which is a central part of MDEC’s three strategic framework pillars, namely Digital Jobs, Digital Businesses and Digital Investments.
The agency continues to set the foundation for SMEs and mid-tier companies to thrive in the Fourth Industrial Revolution era by focusing on empowering businesses at every level and in all sectors.
2021-02-05 10:11 | Report Abuse
Govt awards RM6.2 mil Smart Automation Grant to 66 SMEs, mid-tier companies
KUALA LUMPUR (Feb 4): A total of 66 small and medium-sized enterprises (SMEs) and mid-tier companies have been awarded the Government's National Economic Recovery Plan (PENJANA) 2020 #SMART Automation Grant (SAG).
In a statement today, the Malaysia Digital Economy Corporation (MDEC) said the grant, involving a total of RM6.2 million, was awarded to registered businesses in primarily traditional or non-technology activities from the services sector.
MDEC chief marketing officer and head of digital investments and brand Raymond Siva said the outcome-based matching grant will assist these companies to accelerate automation and achieve productive results, such as increased revenues; savings in business costs; reduction of process time cycle and man-hours spent; and creating new sources of growth.
“Each successful applicant had been allocated up to 50 per cent of their total project cost, subject to a limit of RM200,000, or whichever is the lowest, through this matching grant.
This means the successful applicants will pay at least 50 per cent of the total cost of the digitalisation project and, subsequently, receive the remaining amount based on the achievements of the agreed milestone deliverables, he said.
MDEC said the SAG, which was launched in July 2020, had been conceptualised as a matching grant for companies in the services sector to spur them towards automating their business processes and pursue full digitalisation.
The grant allocated from the 2020 PENJANA initiative aims to drive these businesses towards kickstarting the implementation of digital processes and the use of technology tools that will automate their business operations,” it said.
MDEC noted that all of the 66 approved SAG recipients come from all over Malaysia, including service providers from the wholesale and retail trade (30 per cent); general services (24 per cent); and professional services (14 per cent).
The other sectors consist of transportation and storage, tourism, education, healthcare, food and beverage, financial and insurance, and real estate and construction.
Since its unveiling, this initiative solely focused on enabling digital adoption among businesses, which is a central part of MDEC’s three strategic framework pillars, namely Digital Jobs, Digital Businesses and Digital Investments.
The agency continues to set the foundation for SMEs and mid-tier companies to thrive in the Fourth Industrial Revolution era by focusing on empowering businesses at every level and in all sectors.
2021-02-05 10:10 | Report Abuse
Govt awards RM6.2 mil Smart Automation Grant to 66 SMEs, mid-tier companies
KUALA LUMPUR (Feb 4): A total of 66 small and medium-sized enterprises (SMEs) and mid-tier companies have been awarded the Government's National Economic Recovery Plan (PENJANA) 2020 #SMART Automation Grant (SAG).
In a statement today, the Malaysia Digital Economy Corporation (MDEC) said the grant, involving a total of RM6.2 million, was awarded to registered businesses in primarily traditional or non-technology activities from the services sector.
MDEC chief marketing officer and head of digital investments and brand Raymond Siva said the outcome-based matching grant will assist these companies to accelerate automation and achieve productive results, such as increased revenues; savings in business costs; reduction of process time cycle and man-hours spent; and creating new sources of growth.
“Each successful applicant had been allocated up to 50 per cent of their total project cost, subject to a limit of RM200,000, or whichever is the lowest, through this matching grant.
This means the successful applicants will pay at least 50 per cent of the total cost of the digitalisation project and, subsequently, receive the remaining amount based on the achievements of the agreed milestone deliverables, he said.
MDEC said the SAG, which was launched in July 2020, had been conceptualised as a matching grant for companies in the services sector to spur them towards automating their business processes and pursue full digitalisation.
The grant allocated from the 2020 PENJANA initiative aims to drive these businesses towards kickstarting the implementation of digital processes and the use of technology tools that will automate their business operations,” it said.
MDEC noted that all of the 66 approved SAG recipients come from all over Malaysia, including service providers from the wholesale and retail trade (30 per cent); general services (24 per cent); and professional services (14 per cent).
The other sectors consist of transportation and storage, tourism, education, healthcare, food and beverage, financial and insurance, and real estate and construction.
Since its unveiling, this initiative solely focused on enabling digital adoption among businesses, which is a central part of MDEC’s three strategic framework pillars, namely Digital Jobs, Digital Businesses and Digital Investments.
The agency continues to set the foundation for SMEs and mid-tier companies to thrive in the Fourth Industrial Revolution era by focusing on empowering businesses at every level and in all sectors.
2021-02-05 10:10 | Report Abuse
Govt awards RM6.2 mil Smart Automation Grant to 66 SMEs, mid-tier companies
KUALA LUMPUR (Feb 4): A total of 66 small and medium-sized enterprises (SMEs) and mid-tier companies have been awarded the Government's National Economic Recovery Plan (PENJANA) 2020 #SMART Automation Grant (SAG).
In a statement today, the Malaysia Digital Economy Corporation (MDEC) said the grant, involving a total of RM6.2 million, was awarded to registered businesses in primarily traditional or non-technology activities from the services sector.
MDEC chief marketing officer and head of digital investments and brand Raymond Siva said the outcome-based matching grant will assist these companies to accelerate automation and achieve productive results, such as increased revenues; savings in business costs; reduction of process time cycle and man-hours spent; and creating new sources of growth.
“Each successful applicant had been allocated up to 50 per cent of their total project cost, subject to a limit of RM200,000, or whichever is the lowest, through this matching grant.
This means the successful applicants will pay at least 50 per cent of the total cost of the digitalisation project and, subsequently, receive the remaining amount based on the achievements of the agreed milestone deliverables, he said.
MDEC said the SAG, which was launched in July 2020, had been conceptualised as a matching grant for companies in the services sector to spur them towards automating their business processes and pursue full digitalisation.
The grant allocated from the 2020 PENJANA initiative aims to drive these businesses towards kickstarting the implementation of digital processes and the use of technology tools that will automate their business operations,” it said.
MDEC noted that all of the 66 approved SAG recipients come from all over Malaysia, including service providers from the wholesale and retail trade (30 per cent); general services (24 per cent); and professional services (14 per cent).
The other sectors consist of transportation and storage, tourism, education, healthcare, food and beverage, financial and insurance, and real estate and construction.
Since its unveiling, this initiative solely focused on enabling digital adoption among businesses, which is a central part of MDEC’s three strategic framework pillars, namely Digital Jobs, Digital Businesses and Digital Investments.
The agency continues to set the foundation for SMEs and mid-tier companies to thrive in the Fourth Industrial Revolution era by focusing on empowering businesses at every level and in all sectors.
2021-02-05 10:10 | Report Abuse
Govt awards RM6.2 mil Smart Automation Grant to 66 SMEs, mid-tier companies
KUALA LUMPUR (Feb 4): A total of 66 small and medium-sized enterprises (SMEs) and mid-tier companies have been awarded the Government's National Economic Recovery Plan (PENJANA) 2020 #SMART Automation Grant (SAG).
In a statement today, the Malaysia Digital Economy Corporation (MDEC) said the grant, involving a total of RM6.2 million, was awarded to registered businesses in primarily traditional or non-technology activities from the services sector.
MDEC chief marketing officer and head of digital investments and brand Raymond Siva said the outcome-based matching grant will assist these companies to accelerate automation and achieve productive results, such as increased revenues; savings in business costs; reduction of process time cycle and man-hours spent; and creating new sources of growth.
“Each successful applicant had been allocated up to 50 per cent of their total project cost, subject to a limit of RM200,000, or whichever is the lowest, through this matching grant.
This means the successful applicants will pay at least 50 per cent of the total cost of the digitalisation project and, subsequently, receive the remaining amount based on the achievements of the agreed milestone deliverables, he said.
MDEC said the SAG, which was launched in July 2020, had been conceptualised as a matching grant for companies in the services sector to spur them towards automating their business processes and pursue full digitalisation.
The grant allocated from the 2020 PENJANA initiative aims to drive these businesses towards kickstarting the implementation of digital processes and the use of technology tools that will automate their business operations,” it said.
MDEC noted that all of the 66 approved SAG recipients come from all over Malaysia, including service providers from the wholesale and retail trade (30 per cent); general services (24 per cent); and professional services (14 per cent).
The other sectors consist of transportation and storage, tourism, education, healthcare, food and beverage, financial and insurance, and real estate and construction.
Since its unveiling, this initiative solely focused on enabling digital adoption among businesses, which is a central part of MDEC’s three strategic framework pillars, namely Digital Jobs, Digital Businesses and Digital Investments.
The agency continues to set the foundation for SMEs and mid-tier companies to thrive in the Fourth Industrial Revolution era by focusing on empowering businesses at every level and in all sectors.
2020-08-11 09:07 | Report Abuse
The fifth double dipping former line is expected to be installed and commissioned by April next year.
2020-08-11 09:04 | Report Abuse
AT the six lines would be installed in stages, with the single former dipping line to be commissioned by Nov 30 this year.
2020-08-11 08:56 | Report Abuse
Setting up the six lines would cost AGESB some RM36.15 million. In total, AGESB would see 928 million pieces of rubber gloves per year from the six lines — 103 million pieces from the single former dipping line and 825 million pieces from the double former dipping lines.
2020-08-11 08:42 | Report Abuse
AT Systematization Bhd which is venturing into the rubber glove industry is commissioning six glove dipping lines for its new factory
2020-07-10 16:07 | Report Abuse
Four more workplace clusters that are still active are the Kuala Lumpur construction site cluster (73 positive cases), Pedas cluster (326), cleaning company cluster (34) and Kuching construction site cluster (three).
2020-07-10 16:07 | Report Abuse
In its press statement yesterday, MOH announced that 11 out of the 15 clusters detected in workplaces have ended. This includes the Kuala Lumpur cleaning company cluster, which was the first workplace cluster to be detected.
2020-07-10 16:07 | Report Abuse
MOH also announced the end of the Kg Sg Lui, Selangor, cluster on Wednesday. This cluster recorded 211 cases but there were no deaths.
2020-07-10 16:06 | Report Abuse
Interestingly, 2,187 positive cases (64.8%) from this cluster were asymptomatic. Covid-19 claimed the lives of 34 patients (28.1%) in this cluster.
2020-07-10 16:06 | Report Abuse
The Sri Petaling tabligh cluster comprised 38.9% of the total Covid-19 cases in Malaysia. Positive cases belonging to this cluster and sub-clusters were detected in seven states, involving 2,550 Malaysian citizens and 825 non-citizens.
2020-07-10 16:06 | Report Abuse
The first Covid-19 case from that cluster was reported in Malaysia on March 11. As of July 8, a total of 42,023 individuals who attended the tabligh gathering had been screened and 3,375 were found positive.
2020-07-10 16:06 | Report Abuse
This cluster was detected after a tabligh gathering that took place from Feb 27 to March 3 at a mosque in Seri Petaling, Kuala Lumpur. An estimated 16,000 people — 14,500 Malaysians and 1,500 non-Malaysians from various countries — had attended the event.
2020-07-10 16:05 | Report Abuse
During his media briefing on Wednesday, Dr Noor Hisham also announced the end of the nation’s biggest Covid-19 cluster — Sri Petaling tabligh cluster.
2020-07-10 16:05 | Report Abuse
The “egg-cellent” news got social media platforms buzzing with excitement with many netizens heaping praises on MOH and its frontliners for a job well done. In fact, the first time Malaysia reported zero local transmission was on July 1 when one imported case was recorded.
2020-07-10 16:05 | Report Abuse
Domestic developments
On Wednesday, MOH uploaded the picture of an egg on its Facebook and Twitter accounts to indicate that Malaysia recorded zero local transmission of Covid-19 that day.
2020-07-10 16:04 | Report Abuse
only two patients are currently being treated in the intensive care unit with one of them requiring ventilatory aid.
2020-07-10 16:03 | Report Abuse
As for Covid-19 fatalities, the tally still stands at 121, which translates to a recovery rate of 1.39% of total cases. No deaths were reported in Malaysia since July 9.
2020-07-10 16:03 | Report Abuse
Also noteworthy is the fact that the dwindling new case numbers were achieved under the Recovery Movement Control Order that was enforced on June 10 and will stretch until Aug 31.
2020-07-10 16:02 | Report Abuse
The latest developments clearly indicate that Malaysians are aware of the importance of practising self-discipline, as well as observing the new normal way of life as per the Ministry of Health’s (MOH) standard operating procedures (SOPs) to break the Covid-19 chain of infections.
2020-07-10 16:02 | Report Abuse
Health director-general Datuk Dr Noor Hisham Abdullah said in a media statement yesterday that Malaysia has recorded the second consecutive day of zero local transmissions of Covid-19, with the six new cases reported yesterday comprising imported infections involving five Malaysians and a permanent resident returning from overseas.
2020-07-10 16:02 | Report Abuse
A total of 8,499 cases have recovered fully so far, including the 13 patients discharged over the 24 hours up to noon yesterday.
2020-07-10 16:02 | Report Abuse
KUALA LUMPUR (July 10): In Malaysia, the first three Covid-19 cases were detected more than six months ago. Since then the number of confirmed cases has swelled to 8,683 but currently, however, only 2% of them or 67 are active cases.
2020-07-10 16:00 | Report Abuse
As part of the efforts, palm producer Sime Darby Oils and the Malaysian Palm Oil Council (MPOC) will organise seminars and workshops in India to showcase the latest developments in the industry, said Sandeep Bhan, the chief operating officer for trading of Sime Darby Oils. But more has to be done, and importers as well as exporters need to work together to jointly promote palm oil
2020-07-10 15:59 | Report Abuse
After a dream run in the last few decades in India, palm oil has now started to see headwinds, It’s time for palm stakeholders to relook at their long-term strategies.
2020-07-10 15:59 | Report Abuse
If the palm exporting countries refuse to see the “writing on the wall”, the discount of palm over the other edible oils will be difficult to close
2020-07-10 15:59 | Report Abuse
Egg excitement
Poultry farmers began running adverts on TV where cricket players and other professional athletes promoted eggs as a healthy food. The PR campaign worked, with per capita egg demand almost doubling in the last two decades, said Jaison John, a general manager at Suguna Foods Pvt, a top poultry producer in India.
2020-07-10 15:58 | Report Abuse
To boost household consumption, the palm industry needs to launch a nationwide campaign similar to how poultry farmers began promoting eggs in the 1980s, said Angshu Mallick, the deputy chief executive officer (CEO) of Adani Wilmar Ltd, a vegetable oil processor.
2020-07-10 15:58 | Report Abuse
Now, Covid-19 has exacerbated the problem as more people avoid eating out, hurting demand from a service sector that makes up more than 30% of imports. Total palm oil purchases shrunk 31% in the first eight months of the marketing year that began in November, while sunflower grew 17% and soybean oil climbed 13%.
2020-07-10 15:58 | Report Abuse
As well as the bargain oil image, local media reports that say palm has a high saturated fat content have turned people off. That’s kept a lid on household demand, which account for just 18% of total palm usage.
2020-07-10 15:57 | Report Abuse
In the southern state of Tamil Nadu, state-run ration shops sell refined palm oil to impoverished communities at a subsidized price of 25 rupees (33 US cents or RM1.42) per litre, more than a third cheaper than usual. Meanwhile, retail prices of cooking oils such as soyoil and sunflower oil cost between 125 rupees to 200 rupees a litre, giving them the air of being better oils
2020-07-10 15:56 | Report Abuse
During the early years, palm was distributed in India through ration shops, which gave it the tag of being a poor man’s oil,” said Atul Chaturvedi, the president of the Solvent Extractors’ Association of India. “No attempt was ever made to rectify this wrong perception about this wonderful gift of nature.
2020-07-10 15:56 | Report Abuse
The hurdle is that palm is viewed as a cheaper, less healthy option, and households prefer oils made from soy, sunflowers and mustard seed. With restaurants, hotels and school cafeterias (the largest buyers) unlikely to return to normalcy any time soon, the industry needs to find a way to change people’s minds
2020-07-10 15:56 | Report Abuse
The South Asian nation, home to more than US$5 billion (RM21.35 billion) in palm sales a year and the top export market, is no longer enthralled with the oil. Demand, mostly driven by the service sector, has dried up due to the Covid-19 lockdowns, and households just don’t want it.
2020-07-10 15:56 | Report Abuse
NEW DELHI (July 10): As the highest ranks of the world’s palm oil industry gathered in a virtual conference last month, it became clear they were anxious about the same issue: The oil has a severe image problem in India.
Stock: [AIMFLEX]: AIMFLEX BERHAD
2022-10-06 09:41 | Report Abuse
Mariam Minetec-PA ???