The time is now right to again raise the issues of rubber planters, which were not fully addressed in the 2022 Budget and 12th Malaysia Plan (12MP).
It is also the opportune time because the prime minister himself went through life as the son of a rubber tapper. He understands better the kind of hardship faced by a rubber tapper's family. The situation has not changed much since then.
KUALA LUMPUR: Malaysian plantations are faced with two new government tax initiatives, which could weigh heavily on their earnings, says RHB Research.
In the tabling of Budget 2022 last Friday, the government said it had increased the windfall tax threshold for Peninsular Malaysia to RM3,000 a tonne from RM2,500 a tonne, and for East Malaysia, from RM3,000 a tonne to RM3,500 a tonne.