As one the world’s major palm oil producers, Malaysia will continue to play a major role in ensuring that palm oil remains a sustainable and eco-friendly fuel replacement for the world markets, said Minister of International Trade and Industry, Datuk Darell Leiking.
“Palm oil is a viable option to reduce our dependency on fossil fuels, as it has tremendous potential as a renewable source of energy. As the largest exporter and second largest producer of the palm oil in the world, we sit in a position to ensure that this commodity evolves into an industry that brings such benefits to the global markets, in particular the energy and transportation ecosystem”, he said.
Malaysia’s labour productivity continues to grow positively in the first quarter of 2019 supported by growth in value added and employment. Value added per hour worked grew at 2.4%, while value added per person employed recorded a growth of 2.2%. For this quarter labour productivity is based on constant price 2015.
Fusionex Founder and Group CEO Dato’ Seri Ivan Teh has been conferred an Honorary Fellowship of the Malaysian Oil Scientists’ and Technologists’ Association (MOSTA) in recognition of his distinguished contributions to the palm oil industry.
Teh received the honor at a presentation ceremony held during the ‘Future of Palm Oil Industry’ event in Kuala Lumpur. Teh was presented the honor by MOSTA President Tan Sri Datuk Dr Augustine Ong Soon Hock and witnessed by the Malaysian Minister of Primary Industries YB Teresa Kok Suh Sim, who presented the keynote address.