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New Straits Times
01-08-2025
- Business
- New Straits Times
KPKM to boost self-sufficiency in rice, fisheries, livestock under 13MP
KUALA LUMPUR: The Agriculture and Food Security Ministry (KPKM) has pledged to intensify reforms in the agrofood sector to meet self-sufficiency targets outlined under the 13th Malaysia Plan (13MP). Among the key goals are raising the national self-sufficiency rate (SSR) to 80 per cent for rice, 98 per cent for fisheries, 83 per cent for fruits, and 79 per cent for vegetables. For poultry and eggs, Malaysia aims to surpass domestic demand with SSRs of 140 per cent and 123 per cent, respectively. The target for beef and buffalo meat is 50 per cent. In a statement today, the ministry said it expects these efforts to contribute to a 1.5 per cent annual growth in the agriculture sector over the next five years, in line with value-added targets of RM21.8 billion for crops, RM19.7 billion for livestock, RM14 billion for fisheries, and RM2.5 billion for paddy. KPKM said it fully supports the 13MP, describing it as a strategic move to reduce import dependence and strengthen national resilience. It said the plan's Strategy A4 under Pillar A: Enhancing Economic Complexity sets the foundation for expanding food production, strengthening supply chains, and improving food security. "Key initiatives include introducing five paddy planting cycles every two years, upgrading irrigation and drainage systems, developing high-yield seeds and livestock breeds, and deploying advanced technology in aquaculture and capture fisheries." KPKM said the direction set under 13MP complements the National Agrofood Policy 2021–2030 (DAN 2.0) and signals a comprehensive modernisation push across the sector, including governance. "The ministry supports the aspirations of 13MP and is committed to reshaping agricultural development through a whole-of-sector approach. This includes fostering a new mindset, not only among target groups but also among those entrusted with governance." KPKM also thanked the Prime Minister and the Economy Ministry for producing what it described as a timely and important roadmap to steer national development from 2026 to 2030.
New Straits Times
17-07-2025
- Business
- New Straits Times
Pos Malaysia soars, one of Bursa's most active stocks at midday
KUALA LUMPUR: Shares of Pos Malaysia Bhd jumped as much as 18 per cent by midday break as the trading volume surged to a two-month high. The national courier's share price hit an intraday high of 29.5 sen by midday, climbing from Wednesday's close of 25 sen. Trading volume swelled to 9.67 million shares - the highest since May 19, 2025, when 5.2 million units changed hands at the same price level. The stock initially slipped to a low of 24 sen in early trade before rebounding sharply to become one of the most actively traded counters on Bursa Malaysia. By 12.30pm, Pos Malaysia closed the morning session at 28 sen, up three sen or 12 per cent, valuing the company at RM211.35 million in market capitalisation. The stock has gained 14 per cent so far this year. Pos Malaysia is majority-owned by tycoon Tan Sri Syed Mokhtar Al-Bukhary, who holds a 53.49 per cent stake in the company. Pos Malaysia reported a wider net loss for the first quarter ended March 31, 2025 due to lower revenue from its postal and logistics segments. Its net loss for the quarter widened to RM41.5 million from a net loss of RM19.7 million a year earlier. Pos Malaysia has been loss-making since the third quarter of FY18.
