BERA: Datuk Seri Ismail Sabri Yaakob has given his assurances to review the rubber market price set for the Rubber Production Incentive (IPG) if he returns to lead the government after the 15th General Election (GE15).
The Prime Minister said he was aware of many parties requesting for the rubber market price, which was previously set at RM2.50 per kilogramme through IPG, to be increased.
"Datuk Seri Salim (chairman of RISDA) also raised the issue in Parliament. I have seen many requesting that the rate of RM2.50 (per kilogram) be increased, I have also discussed it with the Minister of Finance.
"We will look into this matter, Insya-Allah. If we are given the mandate to govern again, we will look into this matter," he said.
He said this when officiating the Prosperous Malaysian Family Smallholders programme organised by the Rubber Industry Smallholder Development Authority (RISDA) here today, which was also attended by RISDA chairman Datuk Seri Mohd Salim Mohd Sharif.
Ismail Sabri said the government is aware of how important the rubber plantation sector is to improve the country's economy and has introduced various initiatives and assistance to increase the income of smallholders.
In fact, he said that rubber is the only commodity that is still given full assistance by the government.
In addition to IPG, he said the government also introduced the rubber replanting programme with a target area of 20,000 hectares, which now exceeds 10,000 hectares with the participation of 7,180 smallholders.
Meanwhile, in order to increase income through the productivity of rubber products, he said the government introduced the rubber productivity incentive scheme (SIPG) involving an allocation of RM31.1 million to achieve an annual production of 1,800kg per hectare.
"Alhamdulillah, the initiative has been utilised by 29,205 smallholders nationwide, including 4,344 smallholders in Pahang and a total of 602 in Bera," he said.
According to him, RISDA has thus far succeeded in producing a total of 23,522 entrepreneurs nationwide through assistance amounting to RM56.3 million.
"Thus, the opportunity to become a RISDA smallholder is always wide open every year because the government, through RISDA, provides various initiatives to diversify sources of income and human capital development for the entire smallholder family," he said.
Regarding the Monsoon Aid (BMT) amounting to RM191 million that was announced previously, Ismail Sabri said that all smallholders will receive RM600 aid which will be distributed in stages, namely RM300 in November and another RM300 in December.
The Prime Minister said the aid was also announced in the 2023 Budget to be increased by RM200 to RM800 with an allocation of RM256 million for four months to 320,000 recipients from RISDA and FELDA.
"The government will also provide larger allocations to the smallholder community which is an increase of 18.1 per cent amounting to RM600 million compared to the RM508 million allocated this year.
"This allocation proves that the government is deeply concerned about the development of the rubber commodity sector involving smallholders in order to reach the monthly income target of smallholders to RM4,500 in 2025," he said.
-- BERNAMA
Bernama
Sun Oct 30 2022
Datuk Seri Ismail Sabri Yaakob has given his assurances to review the rubber market price set for the Rubber Production Incentive (IPG) if he returns to lead the government after the 15th General Election (GE15). - BERNAMA
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Minimum wage to increase to RM1,700 effective Feb 1, 2025
The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Bursa Malaysia ends higher on Budget 2025 optimism
The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Five important aspects relating to people’s lives in Budget 2025 - PM
The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.
Economic outlook: Govt plans to leverage, expand existing city transit system
The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.