logo
Mat Sabu: Malaysia eyes year-round durian with R&D boost inspired by Thailand, Japan

Mat Sabu: Malaysia eyes year-round durian with R&D boost inspired by Thailand, Japan

Malay Maila day ago
KLANG, July 27 — The Ministry of Agriculture and Food Security (KPKM) has made Thailand and Japan its reference in carrying out research and development (R&D) on seasonal fruits for year-round production.
Its Minister, Datuk Seri Mohamad Sabu said the efforts carried out by the Department of Agriculture (DOA) and the Malaysian Agricultural Research and Development Institute (MARDI) are in line with the objectives of the Campaign to Eat More Local Fruits and Vegetables.
'We are carrying out R&D, especially by DOA and MARDI, to produce new seeds and so on. The MARDI durian, for example, was produced recently in Kuala Kangsar. Delicious. High quality,' he said.
Mohamad said this in his speech when launching the National Campaign to Eat More Local Fruits and Vegetables and the closing of the 4-day FAMA Fest 2025 @ Selangor at a shopping mall here today.
Meanwhile, Mohamad said the KPKM is very serious in its efforts to raise the popularity of local fruits among Malaysians.
He added that the government has also decided that official government functions must be served with local fruits and that it is a symbol of support for local farmers' production and to uphold its own products.
'During my visit to Thailand as the Minister of Defence, I was served food based on local fruits and vegetables throughout my time there. The same goes for Japan, almost 100 per cent local,' he said.
At the same time, Federal Agricultural Marketing Authority (FAMA) chairman Aminuddin Zulkipli said the FAMA Fest achieved its target when it recorded a sales value of more than RM800,000 through the participation of 50 local entrepreneurs and attracted more than 40,000 visitors.
He said that since its introduction in 2017, FAMA Fest has been a catalyst for the economic growth of agri-entrepreneurs with the achievement in 2024 recording more than 492,000 visitors involving 949 entrepreneurs with total sales reaching RM8.8 million nationwide.
'The national target for FAMA Fest 2025 is to achieve RM5.3 million in sales value with 265,000 visitors and the involvement of 383 entrepreneurs in six selected locations,' he said. — Bernama
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ringgit ends lower as BNM cuts GDP projection
Ringgit ends lower as BNM cuts GDP projection

Free Malaysia Today

time30 minutes ago

  • Free Malaysia Today

Ringgit ends lower as BNM cuts GDP projection

KUALA LUMPUR : The ringgit ended weaker against the US dollar today, as traders' sentiment was affected by Bank Negara Malaysia's (BNM) gross domestic product (GDP) revision for the year. The central bank has revised Malaysia's 2025 GDP growth to 4%-4.8% from 4.5%-5.5% previously, and similarly, the inflation rate for 2025 is projected to range between 1.5% and 2.3% from the previous forecast of 2%-3.5%. Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said BNM is being pragmatic by adjusting the growth forecast lower, taking into account external risks. At the same time, a lower inflation forecast suggests that the impact from the anticipated RON95 subsidy rationalisation is likely to be manageable. 'As such, we foresee this will be positive for the ringgit in the mid to long term as fiscal consolidation will continue to take place, resulting in more fiscal space which can be redirected into targeted assistance as well as higher development expenditure (DE). 'This Thursday, the government will announce the 13th Malaysia Plan, and we foresee a higher allocation for DE in the next five years to drive the Malaysian economy into high-income status,' he said to Bernama. Meanwhile, he noted that the US Dollar Index (DXY) has strengthened, buoyed by optimism over the upcoming US-China trade talks. 'The DXY was up 0.5% to 98.13 points as news over US tariffs is seen to be dollar-positive,' he said. US and Chinese officials are set to meet in Sweden today, with both parties expected to extend the trade truce. At 6pm, the local note slid to 4.2275/4.2345 versus the greenback from last Friday's close of 4.2195/4.2245. At the close, the ringgit ended higher against most major currencies. It rose against the Japanese yen to 2.8497/2.8546 from 2.8529/2.8565 at the close last Friday, appreciated versus the British pound to 5.6720/5.6814 from 5.6786/5.6853 last week, and edged higher against the euro to 4.9331/4.9412 from 4.9507/4.9566 previously. However, the ringgit was mixed against regional peers. It was almost flat against the Indonesian rupiah at 258.3/258.9 from 258.5/258.9 last Friday, gained against the Singapore dollar to 3.2917/3.2974 from 3.2937/3.2978 last week, weakened versus the Thai baht to 13.0511/13.0787 from 13.0268/13.0478, and fell against the Philippine peso to 7.39/7.41 from 7.38/7.40 previously.

Bursa ends lower ahead of US tariff deadline
Bursa ends lower ahead of US tariff deadline

Free Malaysia Today

time31 minutes ago

  • Free Malaysia Today

Bursa ends lower ahead of US tariff deadline

KUALA LUMPUR : Bursa Malaysia pared earlier gains to close lower today, as investors adopted a more cautious posture ahead of the US tariff negotiation deadline on Aug 1. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Sedek Jantan noted that the FTSE Bursa Malaysia KLCI (FBM KLCI) commenced the week's trading on a firm footing, posting early gains during the morning session. However, the momentum proved unsustainable into the afternoon, with the index closing lower as investors adopted a more cautious posture ahead of Thursday's US tariff deadline. 'Among the FBM KLCI constituents, plantation and utility counters led the gainers, aligning with our weekly view that investor positioning would favour domestically oriented sectors amid heightened external uncertainty. 'We anticipate markets will continue to consolidate in the near term, awaiting further signals from the Malaysia-US trade talks or any fresh tariff-related announcements from US president Donald Trump,' he told Bernama. Sedek noted that regional peers delivered a mixed performance today, weighed by profit-taking and concerns over global trade developments. Hong Kong's Hang Seng Index gained 0.68% to close at 25,562.13, South Korea's Kospi garnered 0.42% to 3,209.52, while Singapore's Straits Times Index lost 0.27% to 4,249.48, and Japan's Nikkei 225 shed 1.10% to 40,998.27. Meanwhile, Rakuten Trade Sdn Bhd's equity research vice-president Thong Pak Leng said the local benchmark index closed below the 1,530 level due to late selling. He noted that market sentiment was subdued as investors awaited more details from the US-China trade discussions, set to begin in Stockholm later today. Thong said the local bourse remains in consolidation mode, hovering around the 1,530 level due to a lack of fresh catalysts. 'For the moment, we expect the FBM KLCI to trend range-bound, hovering within 1,510-1,540 points for the week. 'We notice crude palm oil (CPO) futures remain above RM4,000 per tonne, and we believe this is an opportunity to accumulate plantation stocks,' he added. At 5pm, the FBM KLCI fell 4.38 points, or 0.29%, to close at 1,529.38 from Friday's close of 1,533.76. The benchmark index opened 4.29 points firmer at 1,538.05 and moved between 1,528.34 and 1,539.38 throughout the trading session. In the broader market, losers led gainers 554 to 420, while 488 counters were unchanged and 1,091 untraded, with 43 suspended. Turnover improved to 3 billion units worth RM2.3 billion from 2.86 billion shares worth RM2.16 billion on Friday. Of the heavyweight stocks, Maybank, CIMB and IHH Healthcare were all flat at RM9.54, RM6.75 and RM6.66, respectively. Public Bank fell four sen to RM4.25 and Tenaga Nasional slid 24 sen to RM13.36. Petronas Chemicals jumped eight sen to RM3.61, and Nestle surged RM2.50 to RM88. Among the most active stocks, Ekovest added four sen to 44 sen, NexG inched up 0.5 sen to 53 sen, and Tanco grew one sen to 92.5 sen. Zetrix AI went down 7.5 sen to 83.5 sen and YTL Corporation slipped three sen to RM2.45. Among top gainers and decliners, SAM Engineering and Equipment rallied 13 sen to RM4.20, while Fraser and Neave and Infomina were each 10 sen higher at RM29 and RM1.1, respectively. United Plantations dropped 32 sen to RM21.90, and Petronas Dagangan lost 26 sen to RM21.44. Across the broader market, the FBM Emas Index dropped 34.62 points to 11,472.20, the FBMT 100 Index slipped 37.27 points to 11,232.45, and the FBM Emas Shariah Index lost 38.94 points to 11,490.04. The FBM 70 Index fell 77.16 points to 16,530.41 while the FBM ACE Index shaved 2.42 points to 4,636.60. By sector, the plantation index grew 28.44 points to 7,463.23, the industrial products and services index inched up 0.25 of-a-point higher to 157.39, and the energy index climbed 0.94 of-a-point to 740.79. The financial services index sank 45.86 points to 17,408.37. The Main Market volume improved to 1.67 billion units valued at RM2.03 billion from 1.26 billion units valued at RM1.85 billion. Warrants turnover slipped to 1.01 billion units worth RM161.01 million from 1.28 billion units worth RM218.03 million previously. The ACE Market volume rose to 323.13 million units worth RM106.95 million from 313.89 million units worth RM90.97 million. Consumer products and services counters accounted for 236.86 million shares traded on the Main Market; industrial products and services (218.34 million), construction (182.64 million), technology (469.3 million), SPAC (nil), financial services (63.27 million), property (170.58 million), plantation (13.29 million), REITs (15.88 million), closed-end fund (900), energy (110.48 million), healthcare (42.84 million), telecommunications and media (33.72 million), transportation and logistics (39.83 million), utilities (71.07 million), and business trusts (27,000).

Nestle on road to recovery as boycott sentiment eases
Nestle on road to recovery as boycott sentiment eases

Free Malaysia Today

time40 minutes ago

  • Free Malaysia Today

Nestle on road to recovery as boycott sentiment eases

Many Malaysians have opted for cheaper alternatives over Nestle's range of F&B products. (Nestle Malaysia pic) PETALING JAYA : Things are looking up for Nestle (Malaysia) Bhd as rising sales and easing of a consumer boycott precipitated a 20% jump in net profit for its second quarter ended June 30 (Q2 FY2025). Q2 net profit rose to RM112.11 million from RM93.59 million a year ago while revenue increased 9.5% to RM1.67 billion, on the back of higher export and domestic sales. However, for the first six months of FY2025, net profit dipped 5.4% to RM273.45 million from RM289.11 million last year despite revenue rising 4% to RM3.44 billion. Nevertheless, the consensus-beating Q2 earnings saw investors piling into the dividend stock, pushing it up 11% or RM8.60 over the past two days to close at RM85.50, valuing the group at RM20.05 billion. MIDF Research said domestic sales registered positive growth, supported by sustained brand strength, effective pricing execution, and the successful rollout of new product innovations. It added that export sales also held firm, leveraging Nestle Malaysia's role as the group's largest global halal manufacturing hub. The subsidiary of Switzerland-based Nestle SA has been operating in Malaysia since 1912. It is known for its food and beverage offerings including Milo, Maggi and Nescafe, the staple of generations of Malaysians. 'Nestle is gradually recovering from the boycott-related revenue decline and elevated input cost base seen in 2024. We stay cautious but acknowledge its structural strength and recovery potential,' it said in a note today. MIDF maintained its 'hold' recommendation on the stock with an unchanged target price (TP) of RM77.90. Double whammy The current bullish sentiment among investors is understandable given that FY2024 was a year to forget for Nestle Malaysia. Its FY2024 net profit tumbled 37% to RM415.62 million from RM659.87 million in FY2023, the lowest in 14 years. Its Q4 FY2024 net profit plunged 72.2% to RM41.1 million from RM148.1 million a year earlier. The company was hit by a double whammy last year as consumers increasingly ditched its wide range of F&B products for cheaper alternatives while others joined in the boycott against Western brands over the Gaza conflict. Brands such as McDonald's, Starbucks, Burger King and Nestle have come under fire for their perceived association with Israel in the ongoing Middle East conflict. Meanwhile, RHB Research has upgraded its call to 'buy' from 'neutral' and raised its TP for the stock to RM95 from RM77 previously. The research house said Nestle's first-half results were above expectations and expects its recovery to pick up steam, spurred by margin expansion. 'This, together with the demand normalisation stemming from improving sentiment on its brands, lead us to believe its prospects may have turned the corner. 'We upgrade our call to 'buy' as we think its comeback is timely in view of the pick-up in investor appetite for defensive stocks amid uncertain market conditions,' it said in a note today.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store