BFM 89.9
The Business Station
Time To Review Palm Oil Windfall Levy?
10 mins
·
07:45, 15 Jan 2024
·
Recommended
Guest: Khor Yu Leng, Economist, Segi Enam Advisors
Malaysia has imposed a windfall tax levy of 3% on palm oil prices above RM3000 for Peninsular Malaysia and RM3500 for East Malaysia since 1998. Industry players have made calls to the government to do away with this levy - what justifications are they putting forth? We speak with economist Khor Yu Leng of Segi Enam Advisors to find out what needs to be done for Malaysia to remain relevant in the palm oil supply chain.
Image credit: Shutterstock.com
Presenter: Shazana Mokhtar, Wong Shou Ning
Producer: Anwar Mahbob
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