Malaysia, PH push palm oil joint ven­ture

Manila Bulletin - - Business -

Trade and In­dus­try Sec­re­tary Ra­mon M. Lopez also re­ported that both coun­tries have agreed to pur­sue a joint ven­ture for the ini­tial 200,000 to 300,000-hectare palm plan­ta­tion and palm oil pro­cess­ing fa­cil­ity in Min­danao. The Malaysian side also agreed to help the Philip­pines de­velop its ha­lal ca­pa­bil­ity so it can par­tic­i­pate in the huge ha­lal mar­ket. The Malaysia Cham­ber of Com­merce and In­dus­tries Philip­pines, Inc. was also launched at the side­lines of the meet­ing. The cham­ber, the first for­eign cham­ber from the ASEAN mem­ber states in the Philip­pines, will as­sist in cross-pro­mot­ing op­por­tu­ni­ties for com­pa­nies and pro­fes­sion­als. There are cur­rently 25 mem­bers of the Malaysian Cham­ber to com­ple­ment the role of the Malaysian em­bassy in en­hanc­ing Malaysia – the Philip­pines’ eco­nomic re­la­tions. (BCM)

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