Economics Local

PM wants research into new plants, promises return of Malaysia Incorporated

Tun Dr Mahathir Mohamad

Tun Dr Mahathir Mohamad

Syndicated News
Written by Syndicated News

KUALA LUMPUR — Sept. 4, 2018: Prime Minister Tun Dr. Mahathir Mohamad wants Malaysia to conduct research for plants that can be nurtured and grown to become successful industries, similar to the development of palm oil and rubber.

In this regard, he reminded that oil palm and rubber trees came from foreign countries but were developed in Malaysia to become major export commodities.

“Research in more plants could yield even more use for other plants that we can grow here,” he said at the launch of the 9th International Rubber Gloves Conference and Exhibition (IRGCE 2018) today.

According to Mahathir, Malaysia had developed oil palm and rubber plantations in a way that had not been seen in many countries.

“It is the way these plants are managed and exploited that counts. The more ideas you have on how to exploit these products, the better it is for us and the more money we will earn.”

Mahathir expressed optimism that the rubber industry will continue to prosper, backed by research and development, despite the growing dominance of the palm oil industry.

He also promised a return to the days of Malaysia Incorporated, when the country was regarded as one big corporation and the government and the private sector worked together for the benefit of the nation.

By helping the private sector make a big profit, government revenue will also expand. — Bernama

 

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News sourced from Bernama, Reuters, AFP and other accredited news agencies, including credible blogsites and news portals.