The government will strengthen its export development programs in 2010 to take advantage of the $1-billion Halal food market.
The programs would include advocacy, implementation of the
Philippine National Standard (PNS) and the Joint Administrative Order
(JAO) and the strengthening of the capabilities of the Halal National
Accreditation Board.
Deputy Commerce Minister Alongkorn Ponlaboot
has floated an idea of developing a new economic “verandah” by forging
closer ties between Thailand’s five southern provinces and Malaysia’s
five states.Thai government officials will meet with Malaysian counterparts to
discuss a new economic partnership in June next year, said Mr Alongkorn
after his three-day visit to Malaysia and three southernmost provinces
ending Friday.
KUCHING:
Taiwan’s Sea Party Technology Co Ltd, the first major investor to
operate in the Tanjung Manis Halal Hub in central Sarawak, will
undertake the farming of prawns, chickens and eggs, chlorella and other
aquaculture activities using biotechnology. The company, which
has committed some RM2bil in investment through six wholly-owned
subsidiaries, will also be involved in the manufacturing of biotech
feed meal, food processing as well as tilapia, marine fish and Japanese
eel farming.
SARAWAK’S Tanjung
Manis Halal Hub in Mukah has been expanded to almost five times its
original size in order to accommodate future investments.
Biomarine Sdn Bhd, a joint venture (JV)
between Bruneian and Chinese companies, will establish a halal
fish-processing facility in the Sultanate once the newly-formed company
has settled in and operations are running smoothly, it was announced
yesterday.
Taiwanese
firm Sea Party International Co Ltd (SPI) and its subsidiaries will
invest MYR 2 billion (EUR 400.1 million) in the Tanjung Manis Halal
Hub. SPI will spend MYR 318 million (EUR 63.6 million) for aquaculture
activities like breeding tilapia, growing chlorella and producing halal
collagen and gelatine in the first phase.
Once described as the “Venice of the East”, Brunei’s capital Bandar
Seri Begawan is set to undergo major economic and infrastructural
changes in the next decade or so once a development master plan,
currently in its preliminary stages, begins to bear fruit.
In recent years, in a bid to reduce food imports, several Gulf
countries have been investing heavily in farmland in developing
countries such as Pakistan, the Philippines and Ethiopia. Last year,
Gulf States imported 80 percent of their food at a cost of $20 billion.
MALAYSIA will invite Brunei to check out investment opportunities in
Johor’s Iskandar Malaysia following discussions on various key areas at
the 13th Annual Malaysia-Brunei Conference starting tomorrow.
Pahang is pressing ahead with the Gambang Halal Hub, one of the key
initiatives of the East Coast Economic Region (ECER) masterplan. An RM11mil complex is being built on an 18ha piece of land under the
revised project that has been handed to Pahang State Development
Corporation (PKNP).
Islamic Finance news – IFN Today, Thursday, 17th May 2012
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