Plantation and Commodities Ministry to look into windfall tax issue

The Star

The Ministry of Plantation and Commodities is going to look into the issue of windfall profit levy raised by industry players and consult with relevant parties, said Minister Datuk Seri Johari Abdul Ghani.  Read more at http://tinyurl.com/36apt356  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00 [INTERPOSING VOICES]

00:09 We are looking into a matter that the issue

00:13 has been raised by the industry player.

00:16 They say windfall tax is 3,000.

00:18 If the CPO is 3,000 and above, there will be a windfall tax.

00:23 But they told us that now cost has gone up.

00:28 [NON-ENGLISH SPEECH]

00:35 Cost [INAUDIBLE]

00:38 [NON-ENGLISH SPEECH]

00:40 A certain area, even more than 3,000.

00:43 [NON-ENGLISH SPEECH]

00:46 It's supposed to be a profit.

00:50 More than your cost.

00:51 But because cost to [INAUDIBLE]

00:53 then we need to adjust the time.

00:55 But this need further discussion.

00:57 And also, we need to go and look at the detail of the cost.

01:01 OK.

01:02 [INTERPOSING VOICES]

01:06 [AUDIO OUT]

01:09 [BLANK_AUDIO]

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