Malaysian herbal industry poised to hit RM32b market value in 2020
KUALA LUMPUR, Oct 28 — The market value of the herbal market in Malaysia is expected to reach RM32 billion next year, with an annual growth of eight to 15 per cent, said the Ministry of Entrepreneur Development.
Its minister, Datuk Seri Mohd Redzuan Yusof, said the high market value is due to significant attention from governments and international corporations which invest more for traditional herbal medicine research, making the worldwide annual market worth more than US$60 billion (RM251.1 billion).
“China, India, the United States and the World Health Organisation have made substantial research investments in traditional herbal medicines while 80 per cent of the African population use some form of traditional herbal medicine.
“In this regard, it is our firm belief that research and development is the key factor to further expand the growth of the herbal industry in Malaysia,” he said in his speech at the launch of the Herbal Asia Conference 2019 here today.
The text of his speech was read by the ministry’s secretary-general, Datuk Wan Suraya Wan Mohd Radzi.
Mohd Redzuan urged local research institutes, universities as well as small and medium enterprises (SMEs) to be involved in and explore the potential market in the herbal industry as continued growth of the industry offers opportunities to the industry players, especially farmers and young entrepreneurs.
The two-day Herbal Asia Conference 2019, which is organised by GITEX Global Exhibition Services (M) Sdn Bhd, showcases the latest herbal, natural and green products as well as services technology.
The conference brings together various herbal industry players such as manufacturers and experts from countries in the region such as Thailand, Brunei, Indonesia as well Uganda, Tonga and Namibia.
In conjunction with the launch, two memoranda of understanding (MoUs) were signed by Herbal Asia — with GoGo Empire Sdn Bhd to create GrabHerbs mobile application as well as with PICOMS International University College who have 1,000 pharmaceutical students who will benefit from the GrabHerbs mobile app.
Founder of Herbal Asia, Safinah Yaakob, said in today’s challenging economy, the conference focused more on the survival of herbal entrepreneurs, in line with the National Entrepreneurship Policy 2030.
More importantly, she said, the conference would be able to assist women entrepreneurs and students in grabbing future career opportunities because the herbal products can be created and sold from home and all they need are certified professionals to guide them to tap the market. — Bernama
if all the china orders start coming September and keep rolling for next few years ... it will take some months to see share price trending higher ... it just take times .... since lately many limit up counters .. market sentiments now expect bioalpha also limit up :D
I think public still worry that bio do not or not able to earn enough through this contract
Bio boss could gv market confidence by share buyback or further release good news's or atleast more market influence Currently market confidence is destroyed by keep esos and director dispose
Agm day I believe boss will tell more informations
We will need to wait until Agm for some news update It's about 10 more days
because it listed CONSUMER PRODUCTS & SERVICES sector not HEALTHCARE sector . That why a lot of people not realised , many newbie not study about their business . just follow so call sifu . buy sell buy sell buy sell ....haizzzz....
my only advise to newbie .just focus on few stock and study well before invest , know risk and rewards is very important . always look for growth stock , as long as the fundamental is there . top up when is down , sell only when is overvalue .
"KUALA LUMPUR, Aug 8 -- The government has agreed to remove the export permit issued by Malaysia Quarantine and Inspection Services (MAQIS) for exporting goods especially those in the processed food and the floriculture industries, Malaysia Productivity Corporation (MPC) director-general Datuk Abdul Latif Abu Seman said."
During the year under review, we are pleased to share that our wholly-owned subsidiary, Bioalpha (HK) Limited (“Bioalpha HK”), had received approval for a grant under the Innovation and Technology Fund from the Hong Kong Government for the development of nextgeneration and anti-inflammatory and antitussive herbal products in Hong Kong.
Through the grant, Bioalpha jointly undertakes a collaborative research with the renowned public research university in Hong Kong, the Hong Kong University of Science and Technology (“HKUST”), to identify two formulations with optimal combinations of herbs for the treatment of inflammatory and respiratory problems, such as asthma and rheumatoid arthritis. We are confident that the result of our collaborative R&D efforts will contribute towards developing a product that will help maintain and improve the respiratory health of consumers, which is expected to be in high demand in the near future following the outbreak of the Novel Coronavirus (“Covid-19”) worldwide. We plan to develop herbal health supplement products targeting these related diseases based on the generated formulations from the study.
Bioalpha’s effective tax rate came in at 20.9% in FY2019, lower than the statutory tax rate of 24.0%, aswe received capital allowances for certain qualifying expenses in relation to purchasing of machineries and building in the course of the year.Additionally, our subsidiary, Bioalpha (Johor Herbal)Sdn. Bhd., was granted an incentive by MOFI, allowing 100% tax exemption on income for a period of 10 years starting 1 January 2018. Another of our subsidiary,Bioalpha East Coast Agro Sdn. Bhd., had also receiveda tax incentive for a period of 10 years from theMalaysian Investment Development Authority (“MIDA”)
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ionlywanttoearn
1,396 posts
Posted by ionlywanttoearn > 2020-08-07 19:42 | Report Abuse
Don't worry
If the char kuey tiew is a pro?
Hahaha