Zambry looks on as Umpsa Holdings CEO Syed Alwi Mohamed Sultan and Iba Botanicals CEO Benjamin Mead, exchange documents.
UAP focuses on the development of the agarwood industry in the Philippines while IBI, the sole shareholder of UAP, has pioneered the production of high-value botanical extracts for export to global markets since 2018. Higher Education Minister Datuk Seri Diraja Dr Zambry Abd Kadir said he was proud to see that the academic based research initiative has evolved into a commercialised export-driven product with direct impact on the gross domestic product of the country.
Asean Business Advisory Council Malaysia chairman Tan Sri Mohamed Nazir Abdul Razak in his keynote address said that embracing emerging technologies and fostering a culture of creativity can lead to breakthroughsHe commended Synbion and Umpsa Holdings for successfully developing OUDIno for the agarwood industry.
Umpsa Holdings Sdn Bhd chairman Datuk Seri Dr Salehuddin Ishak said OUDIno is the result of the university’s commitment in research and development in the agarwood.