Malaysia palm oil businesses coming to Myanmar
Myanmar, a country still intimately hinged on agriculture, will become the recipient of investment by Malaysian companies looking to construct palm oil factories, Minister of Plantation Industry and Commodities Dr. Dato Seri Douglas told media on July 1.
“Myanmar companies will also cooperate with Malaysian companies in order to attain technical know-how. Malaysia government has planned to extend its market in Myanmar and also for exporting,” the minster was quoted as saying by Eleven Myanmar, a media network attached to Thailand’s The Nation.
Malaysia has long been a palm oil heavyweight, with 345,000 tonnes of the agri-commodity being exported in 2012 strictly to Myanmar.
“Malaysia has great ambition concerning this matter as Malaysia palm oil has much demand in Myanmar. Businessmen from Myanmar and Malaysia are jointly planning to manufacture palm oil,” continued the minister.
Though no companies have been announced, Malaysia’s palm oil giant Sime Darby could likely play a role in Myanmar investment, matching its recent plans for a large-scale property development in London.
Myanmar, a country still intimately hinged on agriculture, will become the recipient of investment by Malaysian companies looking to construct palm oil factories, Minister of Plantation Industry and Commodities Dr. Dato Seri Douglas told media on July 1. "Myanmar companies will also cooperate with Malaysian companies in order to attain technical know-how. Malaysia government has planned to extend its market in Myanmar and also for exporting,” the minster was quoted as saying by Eleven Myanmar, a media network attached to Thailand’s The Nation. Malaysia has long been a palm oil heavyweight, with 345,000 tonnes of the agri-commodity being exported in...
Myanmar, a country still intimately hinged on agriculture, will become the recipient of investment by Malaysian companies looking to construct palm oil factories, Minister of Plantation Industry and Commodities Dr. Dato Seri Douglas told media on July 1.
“Myanmar companies will also cooperate with Malaysian companies in order to attain technical know-how. Malaysia government has planned to extend its market in Myanmar and also for exporting,” the minster was quoted as saying by Eleven Myanmar, a media network attached to Thailand’s The Nation.
Malaysia has long been a palm oil heavyweight, with 345,000 tonnes of the agri-commodity being exported in 2012 strictly to Myanmar.
“Malaysia has great ambition concerning this matter as Malaysia palm oil has much demand in Myanmar. Businessmen from Myanmar and Malaysia are jointly planning to manufacture palm oil,” continued the minister.
Though no companies have been announced, Malaysia’s palm oil giant Sime Darby could likely play a role in Myanmar investment, matching its recent plans for a large-scale property development in London.
