KUALA LUMPUR, Oct 19 – The MADANI government’s proposal to raise the windfall profit levy (WPL) threshold value on palm fresh fruit bunch (FFB) is seen as a way to strengthen the competitiveness of the country’s palm industry, according to the Federal Land Development Authority (FELDA).
In the Budget 2025 presentation in the Dewan Rakyat Friday, Prime Minister Datuk Seri Anwar Ibrahim said that the government plans to raise the threshold value for the WPL on FFB in Peninsular Malaysia to RM3,150 and RM3,650 for Sabah and Sarawak.
Additionally, FELDA also said that the government’s proposal to increase the allocation to the agency would strengthen the agricultural sector, particularly the palm industry.
“With this comprehensive budget support, FELDA and the settlers will continue to work hard to ensure more sustainable economic growth to enhance the quality of life for the settlers.
“FELDA is confident that with strong cooperation between the government and relevant agencies, the vision of creating a prosperous MADANI nation and a thriving populace can be achieved,” it said in a statement.
