ID :
53288
Wed, 04/01/2009 - 10:56
Auther :
Shortlink :
https://oananews.org//node/53288
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AGRICULTURE BECOMES 3RD MAJOR ECONOMIC GROWTH CATALYST
KUALA LUMPUR, April 1 (Bernama) -- The Agriculture industry has become the third major economic growth catalyst under the leadership of outgoing Malaysian Prime Minister Abdullah Ahmad Badawi.
Riding on the motto of "agriculture is business", the new approach has
enable the agriculture produce to penetrate new markets abroad, recording an
average increase of 13 per cent yearly from 2003 to July 2008.
"With the added value, the real value of the agriculture sector rose from
RM33 billion (US$8.9 billion) in 2003 to RM40 billion (US$10.8 billion) in
2008," according to the Report on the Initiatives and Achievements of the
Malaysian Government from November 2003 to March 2009, issued by the Prime
Minister's Department here Tuesday.
Capitalising on modern technology including biotechnology and information
and communication technology to increase quality yield, the agriculture sector
has produced many budding entrepreneurs.
"A total of 7,258 agrobusiness entrepreneurs have emerged during the period
while 996 existing ones registered an increase in earning with a minimum income
of RM2,000 per month (US$541)," it said.
The report said 45 permanent food parks covering 3,800ha have been developed
involving 789 participants while 17,400ha have been planted with vegetables
under contract farming by 10,600 participants.
Under the National Food Safety Policy, the government has increased food
supply especially rice.
The Abdullah administration has empowered the industry by assisting the
downstream companies to make breakthrough in the international market especially
the European Union countries.
The government has also provided incentives to encourage investments in the
Malaysian halal hubs by offering the pioneer status, tax holiday and investment
duty allowances.
An integrated park for halal downstream products has also been set up.
The government had also developed the National Animal Embryo Centre two
years ago to stock the farms of breeders in the country with high quality breeds
of the Boer goat.
The Abdullah administration has launched the corridor development to correct
the imbalance in the development by accommodating the agriculture sector.
They are the Iskandar Malaysia (2006-2025), the Northern Corridor Economic
Region (2007-2025), the East Coast Economic Corridor (2007-2020), the Sabah
Development Corridor (2008-2025) and the Sarawak Corridor of Renewable Energy
(2008-2030).
Abdullah is expected to seek an audience with the Malaysian King, Tuanku
Mizan Zainal Abidin, on Thursday to convey his intention to step down as prime
minister and pave the way for his deputy Najib Razak to take over.
-- BERNAMA
Riding on the motto of "agriculture is business", the new approach has
enable the agriculture produce to penetrate new markets abroad, recording an
average increase of 13 per cent yearly from 2003 to July 2008.
"With the added value, the real value of the agriculture sector rose from
RM33 billion (US$8.9 billion) in 2003 to RM40 billion (US$10.8 billion) in
2008," according to the Report on the Initiatives and Achievements of the
Malaysian Government from November 2003 to March 2009, issued by the Prime
Minister's Department here Tuesday.
Capitalising on modern technology including biotechnology and information
and communication technology to increase quality yield, the agriculture sector
has produced many budding entrepreneurs.
"A total of 7,258 agrobusiness entrepreneurs have emerged during the period
while 996 existing ones registered an increase in earning with a minimum income
of RM2,000 per month (US$541)," it said.
The report said 45 permanent food parks covering 3,800ha have been developed
involving 789 participants while 17,400ha have been planted with vegetables
under contract farming by 10,600 participants.
Under the National Food Safety Policy, the government has increased food
supply especially rice.
The Abdullah administration has empowered the industry by assisting the
downstream companies to make breakthrough in the international market especially
the European Union countries.
The government has also provided incentives to encourage investments in the
Malaysian halal hubs by offering the pioneer status, tax holiday and investment
duty allowances.
An integrated park for halal downstream products has also been set up.
The government had also developed the National Animal Embryo Centre two
years ago to stock the farms of breeders in the country with high quality breeds
of the Boer goat.
The Abdullah administration has launched the corridor development to correct
the imbalance in the development by accommodating the agriculture sector.
They are the Iskandar Malaysia (2006-2025), the Northern Corridor Economic
Region (2007-2025), the East Coast Economic Corridor (2007-2020), the Sabah
Development Corridor (2008-2025) and the Sarawak Corridor of Renewable Energy
(2008-2030).
Abdullah is expected to seek an audience with the Malaysian King, Tuanku
Mizan Zainal Abidin, on Thursday to convey his intention to step down as prime
minister and pave the way for his deputy Najib Razak to take over.
-- BERNAMA
