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| Inks MoU with PLS Plantations to conduct a study and develop a proposal for the nation's food security programme |
KUALA LUMPUR, Aug 8, 2022 - (ACN Newswire) - Ministry of Agriculture and Food Industries (MAFI) has signed a Memorandum of Understanding (MoU) with PLS Plantations Berhad, a leading agrofood company in Malaysia, to conduct an in-depth study and put forward a proposal for the national food security programme.
 | | Malaysian Ministry of Agriculture and Food Industries has signed a MoU with PLS Plantations Berhad to conduct an in-depth study and put forward a proposal for the national food security programme. |
The MoU was officiated by the Prime Minister of Malaysia, Yang Amat Berhormat Dato' Sri Ismail Sabri Bin Yaakob at the biennial Malaysia Agriculture, Horticulture and Agro Tourism (MAHA) 2022. Also present was the Minister of Agriculture and Food Industries, Yang Berhormat (YB) Datuk Seri Dr. Ronald Kiandee, and PLS Plantations' Group Chairman, Yang Berbahagia (YBhg) Tan Sri Mohammed Nazir Bin Abdul Razak. Also in attendance to sign the MoU were YBhg Dato' Haslina Binti Abdul Hamid, Secretary-General of MAFI, and PLS Plantations' Group Chief Executive Officer, Lee Hun Kheng.
YB Datuk Seri Dr. Ronald Kiandee said, "Malaysia continues to rise on the Global Food Security Index (GFSI)[1] and is ranked 39th, up from the 43rd spot in 2020[2]. We have performed well with an overall score of 70.1 compared to the previous year of 67.9. The increase in Malaysia's score (compared to the previous year) is the highest increase in score among the 113 countries involved.
However, due to multiple issues, compounded by rising population, and labour shortage, Malaysia's food and agriculture imports remains high at around RM55.5 billion[3]. As such, it is crucial for the industry - both public and private - to work closely to further strengthen our food sufficiency throughout the entire supply chain. At the same time, we need to organise ourselves to capitalise on opportunities to generate higher incomes for agriculture frontliners, close the income gap, and improve livelihoods. Securing this future also requires us to attract more youth to participate in the sector and we see public-private partnerships as a key strategy to injecting new programmes, technologies, and platforms that will attract new farmers and participants to the industry. Through these efforts we are confident we can improve our national food security resilience, accessibility, and affordability of quality food, which is in line with our National Food Security Policy (DSMN Action Plan) 2021 - 2025[4]."
YBhg. Tan Sri Mohammed Nazir added, "This MoU is a significant milestone for PLS Plantations. We look forward to supporting MAFI and the industry's efforts to further improve the nation's food sufficiency levels. The research and proposal will serve as a baseline that will guide our efforts in rolling out our food security programme. In addition, our newly launched initiatives, the PLS Agropreneur Programme and PLS Integrated Agrotech Park, will contribute to creating a thriving ecosystem where we can attract the experienced and specialised farmers to scale their farms and produce, as well as bring the best and brightest to participate in the industry."
The PLS Agropreneur Programme is a platform for new and experienced farmers who are interested to participate in the industry or scale their farms. It offers end-to-end support, from training and development, land lease, offtake network support, as well as financial support and incentives. The PLS Intergated Agrotech Park serves as a platform for collaboration with universities, and agrofood to science and technology companies.
He concluded, "Collaboration, specifically knowledge-sharing aided by technology and science have paved the way for the industries to grow and thrive. Likewise, for the agrofood industry, we see these initiatives as a way to elevate the industry, to bring our youth back to the suburbs and villages, and uplift the B40 communities, farmers and indigenous communities."
[1] Source: GFSI by The Economist Intelligence Unit (EIU) based in London, United Kingdom https://tinyurl.com/54zydpck
[2] Source: MAFI - https://www.mafi.gov.my/en_US/gfsi-2021
[3] Source: Department of Statistics Malaysia 2022 https://tinyurl.com/5xbvnv6r
[4] Source: MAFI - https://tinyurl.com/2ccdnp8h
About PLS Plantations Berhad
PLS Plantations was incorporated in Malaysia in 1987 and was listed on the Second Board of Kuala Lumpur Stock Exchange in 1994. Currently listed on the Main Board of Bursa Malaysia Securities Berhad, PLS and its subsidiaries are involved in the management and operation of forest, oil palm and durian plantations, as well as the processing, distribution and sale of durian products.
PLS Plantations received a Silver3 rating from RAM Sustainability in April 2022, setting the baseline for the Company's sustainability journey and framework. PLS Plantations remains guided by environment, social and governance (ESG) values as they progress towards becoming the nation's leading sustainable agrofood company. https://plsplantations.my/
Forward-Looking Statements
The statement included in this press release, other than statements of historical facts, are forward- looking statements. Forward-looking statement generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "seek," or "believe." These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations about future event. There are important factors that could cause our actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statement, including, but not limited to our ability to win additional business. Although we believe the expectations reflected in the forward- looking statements are reasonable, we cannot guarantee future result, level of activity, performance, or achievements. You should not rely upon forward- looking statements as predictions of future events. These forward-looking statements apply only as of the date of this press release; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this release or those that might reflect the occurrence of unanticipated events.
Topic: Press release summary
Source: PLS Plantations Berhad
Sectors: Agritech, Environment, ESG, Local Biz
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From the Asia Corporate News Network
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