Budget 2024 failed to meet the aspirations of the palm oil industry, with several key elements from the Malaysian Palm Oil Association’s wish-list omitted in the budget proposal.
The Malaysian Palm Oil Association had called on the government to revert the rate of the windfall profit levy for Sabah and Sarawak to 1.5% in the upcoming Budget 2024 from the current 3%.
This allegedly involves cabin services, cargo and logistics, engineering and maintenance, as well as the commercial division, according to Scoop’s source
