The Malaysian government will be engaging with the European Union (EU) to introduce Malaysia’s existing certification scheme, Malaysian Sustainable Palm Oil (MSPO), in the hope of fulfilling new EU regulations on palm oil-based biofuel imports.
Malaysia, the world’s second-biggest palm oil producer, has urged Germany to adopt a more inclusive and fair approach regarding palm oil exports to Europe.
Both Indonesia and Malaysia are of the view that the European Union Deforestation Regulation (EUDR) will harm their economic interests as major producers and exporters of crude palm oil (CPO).
Purchase of Duck's holding company which appears to be owned wholly by Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar was made same year GLICs invested RM47 mil
