Malaysia durian exports to surpass RM1.5 billion in 2025
Minister Datuk Seri Mohamad Sabu highlighted a 256.3% surge in export value over five years, rising from RM321.2 million in 2018 to RM1.14 billion in 2022.
'This growth underscores durian's potential as a high-value agro-food commodity, benefiting both the national economy and local communities,' he said during the 2025 Durian Festival opening at the Gua Musang District Council hall.
Durian festivals and promotional programs play a crucial role in boosting the sector's value chain, involving farmers, logistics, retailers, and tourism.
According to Mordor Intelligence's 2024 report, the global durian market is projected to hit USD10.78 billion in 2025, climbing to USD16.89 billion by 2030 at a 9.4% annual growth rate.
'China remains the dominant market, contributing over 90% of Asia-Pacific durian imports,' Mohamad noted. Malaysia recently secured fresh durian export access to China under a new phytosanitary protocol signed on June 19, 2024. Previously, exports were restricted to pulp, paste, and frozen whole fruits. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
an hour ago
- The Sun
SST exemptions for residential projects and public facilities in Malaysia
KUALA LUMPUR: The government has extended Sales and Services Tax (SST) exemptions to residential projects and public facilities, including houses of worship, recreational parks, and public toilets. Deputy Works Minister Datuk Seri Ahmad Maslan announced the move as part of efforts to ease financial burdens on developers and sustain infrastructure development. Essential construction materials such as cement, gravel, and sand remain zero-rated under the sales tax. Ahmad clarified that while main contractors are subject to SST, subcontractors earning below RM1.5 million annually are exempt. The exemptions aim to provide relief to businesses adjusting to the tax system. 'Companies and contractors with non-reviewable contracts will receive a one-year exemption, subject to conditions,' Ahmad said during a Dewan Rakyat session. When asked about raising the SST registration threshold from RM1.5 million to RM3 million for construction-related services, Ahmad confirmed no discussions had taken place. The current threshold remains in place to maintain tax compliance while supporting smaller industry players. - Bernama
Barnama
2 hours ago
- Barnama
SST Exemption For Residential Projects, Public Facilities
KUALA LUMPUR, July 28 (Bernama) -- The government continues to support the construction sector by granting Sales and Services Tax (SST) exemptions for selected projects, particularly those involving residential buildings and public facilities, including houses of worship, recreational parks and public toilets, said Deputy Works Minister Datuk Seri Ahmad Maslan. He said essential building materials such as cement, aggregate (gravel) and sand remain zero-rated under the sales tax to help reduce the burden on developers and ensure the continuity of infrastructure projects. 'Selected business-to-business (B2B) activities are subject to certain conditions. For instance, main contractors are subject to SST, but not to subcontractors earning below the threshold of RM1.5 million,' he said during an oral question and answer session at the Dewan Rakyat today. Ahmad was responding to a question from Yusuf Abd Wahab (GPS-Tanjong Manis) regarding the categories of construction projects exempted from SST, as well as the ministry's steps to ensure that existing projects are not affected by its implementation. In line with the government's commitment to implement SST fairly and effectively, he said, companies and contractors that carry out contracts that do not allow for review will be granted a one-year exemption, subject to terms and conditions. 'This incentive is part of the government's measures to ensure the construction industry has sufficient time to adjust the system, streamline the registration process and obtain accurate clarification on the implementation of SST," he said. Meanwhile, Ahmad said that there has been no discussion to increase the threshold value for registration of taxable services for the construction sector from RM1.5 million to RM3 million. He was responding to a supplementary question from Abdul Latiff Abdul Rahman (PN-Kuala Krai) regarding the industry's proposal for the threshold value for registration of SST taxable services to be increased from RM1.5 million to RM3 million, particularly for construction and rental and leasing categories -- BERNAMA
New Straits Times
2 hours ago
- New Straits Times
No move to raise SST threshold for construction sector
KUALA LUMPUR: The government has no plans to raise the Sales and Service Tax (SST) registration threshold for taxable construction services from RM1.5 million to RM3 million, said Deputy Works Minister Datuk Seri Ahmad Maslan. During the Minister's Question Time in the Dewan Rakyat, he said the Works Ministry had not submitted any request to the Finance Ministry to review the threshold, despite requests from the industry. "As of now, there have been no discussions to raise the RM1.5 million threshold. It remains unchanged, and we have no plans to increase it to RM3 million. "This matter falls under the purview of the Finance Ministry. However, we understand the need to consider a revision if necessary. But so far, there has been no request to do so," he said. Ahmad was responding to a question from Abdul Latiff Abdul Rahman (PN–Kuala Krai) on whether the government was prepared to consider the industry's proposal to raise the SST threshold for taxable services, particularly in the construction, rental, and leasing sectors. Currently, construction services are subject to a six per cent service tax. The scope includes all works related to infrastructure, commercial buildings, and industrial facilities. The tax applies when the total value of taxable services reaches RM1.5 million within 12 months, a threshold designed to ease the compliance burden on small and medium-sized contractors. Meanwhile, Ahmad Maslan said the government does not tolerate delays in project delivery. He said companies that fail to complete projects even after two or three approved extensions of time (EOT) would be subjected to Liquidated Ascertained Damages (LAD) fines, calculated based on the number of days delayed. "Delays can cost contractors tens of thousands of ringgit per day. This becomes a serious obstacle. If companies are repeatedly fined for delays, they will not be awarded government projects in the future," he said. He was responding to a supplementary question on how the government handles delayed projects where contractors seek additional costs and EOTs, including the case of the Sungai Durian project, which has already been granted three extensions.
