Focusing on food is the way forward, says business group

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

FMM says initiatives to make Malaysia a food processing hub will help to improve food security by reducing disruptions in the supply chain.

Stakeholders and experts have recommended that Malaysia capitalises on its leading role in halal food production to become a world food processing hub.

“The vision now should be to extend our capabilities beyond the halal market,” FMM president Soh Thian Lai told FMT Business. He said there should also be initiatives to help micro, small and medium enterprises in Malaysia to integrate themselves into the global food supply chain.He said the move, combined with the participation of established players, would result in greater value-add for the Malaysian economy.

He said this would attract investments from within the country and abroad. “It will boost economic growth, create jobs and support entrepreneurship, all with the ultimate goal of increasing the nation’s GDP,” he added.Bank Muamalat chief economist Afzanizam Rashid said offering incentives to local manufacturers to help them upgrade the skills of their workers, improve operations and raise productivity would help them gain wider access to the international market.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ninja Van Group Celebrates Inaugural Small Business Month In Malaysia, Indonesia, Thailand, VietnamSince 2014, Ninja Van Group has been standing by the side of small businesses, navigating the evolving e-commerce landscape.
Source: therakyatpost - 🏆 14. / 59 Read more »