Latest news with #Agrotechnology
Malay Mail
19 hours ago
- Business
- Malay Mail
DPM Fadillah: Malaysia, Russia to deepen economic ties in halal industry, agriculture
MOSCOW, June 28 — Malaysia and Russia will deepen economic cooperation, particularly in high-potential sectors such as the halal industry, agriculture and food security, Deputy Prime Minister Datuk Seri Fadillah Yusof said. Fadillah said bilateral trade between the two countries remained modest in 2024, despite Russia's large economy. Russia ranked as Malaysia's ninth-largest trading partner among European nations this year, with total trade reaching RM11.46 billion (US$2.48 billion). Malaysia's key exports to Russia include electrical and electronic products, machinery, equipment and parts, as well as processed food. 'I invited Russian companies to invest in Malaysia and take advantage of the government's incentives in strategic sectors such as aerospace, agrotechnology, energy, ICT (information and communications technology), the digital economy, Islamic finance and the halal industry,' the Deputy Prime Minister said. He was speaking at a press conference at the end of his four-day working visit to Russia late last night. Fadillah, who is also the Energy Transition and Water Transformation Minister, called for cooperation in agriculture and food security, and proposed joint research and development in fertiliser and pesticide technologies, agro-engineering and food technology. 'I discussed collaboration in higher education and conveyed appreciation to the Russian government for its scholarships to Malaysian students. 'I also proposed that these scholarships be extended to emerging sectors such as artificial intelligence, big data and information science, in line with current industrial transformation,' he said. On tourism, Fadillah said Malaysia welcomed a proposal for direct flights between the two countries, which is expected to be finalised soon. However, he noted that Russia had raised concerns over financial transactions, which had to some extent hampered the growth of bilateral trade. He gave an assurance that the Malaysian government, through the relevant agencies, including Bank Negara Malaysia, would continue to facilitate smooth financial transactions between both sides. 'I will present the outcomes of my discussions with Russian counterparts to the Cabinet upon my return to Malaysia. 'In shaa Allah, I am confident that Malaysia–Russia cooperation will continue to develop positively and bring tangible benefits to our country,' he added. — Bernama
Bloomberg
30-05-2025
- Business
- Bloomberg
Malaysian State to Start Using Durian Tracking System to Curb Fraud, Report Says
Malaysia's state of Penang has urged its durian growers to register for a tracking system to curb the spread of counterfeit versions of the prickly, pungent fruit from June 1, according to Bernama. The state plans to make the 'Track and Trace' system mandatory for its 200 durian farmers as it seeks to restore consumer confidence in the fruit, State Agrotechnology, Food Security and Cooperative Development Committee's Fahmi Zainol was cited as saying.
Malay Mail
20-05-2025
- Business
- Malay Mail
Cap Feri rice brand helps 48,000 B40 households in Penang, says exco
GEORGE TOWN, May 20 — The Cap Feri rice launched last December has benefited 48,000 individuals in the B40 income group within its first three months, according to Penang executive councillor Fahmi Zainol. Fahmi, who chairs the state's Agrotechnology, Food Security and Cooperative Development Committee, said the rice is sold at various centres across the state that are easily accessible to the B40 group. 'As of March 20, a total of 16,000 bags (80 metric tonnes) of Cap Feri rice have been sold, generating RM272,000 in sales revenue,' he said in response to a question from Izhar Shah Arif Shah (Bersatu–Seberang Jaya). He said the brand was well received to its retail price of RM17 for a 5kg bag, making it one of the cheapest options on the market. 'The Cap Feri brand was introduced to meet the demand for good quality rice at a lower price, especially for the B40 group in the state,' he said. He noted that the brand remains in its trial phase and still uses imported rice to offset the ongoing shortage of local rice. Cap Feri rice is available exclusively through Agro Madani Sales programmes organised by the Federal Agricultural Marketing Authority (FAMA), the Farmers' Organisation Authority (LPP), and the Malaysian Fisheries Development Authority (LKIM), ensuring direct distribution to the B40 community. Fahmi said the rice has typically sold out within two hours at the 32 Agro Madani events held throughout the state. However, he said the state government has not conducted any public monitoring or surveys to assess the programme's success due to financial limitations, but would do so if this becomes necessary.
