Wednesday, March 31, 2010

Breaking News-FACTBOX-New economic model to boost Malaysia's palm oil sector

KUALA LUMPUR, March 30 (Reuters) - Malaysia's palm oil industry could contribute 7.6 percent of real GDP by 2020, outstripping the electronics sector, estimates and recommendations from the National Economic Advisory Council show.
This makes palm oil a key sector that will drive the Southeast Asian country's New Economic Model, which Prime Minister Najib Razak unveiled on Tuesday.