MINDANAO – Five Malaysian companies are looking at the Autonomous Region for Muslim Mindanao (ARMM) where they can pour in investments for palm oil plantations.
Har Man Ahmad, senior manager Malaysia Trade (Matrade), in a press briefing with Sun Star said, each company will need at least 5,000 hectares for the palm oil plantation if the plan pushes through.
He added, the official also estimated around 2,000 to 3,000 jobs to be generated per 5,000 hectares, as palm oil plantation is a labor-intensive investment. (T4)
