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| News at Home | |||||
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| AgBiotech & Environment | |||||
East
Coast Economic Region (ECER) farmers would have much to look forward
to in June as Bank Pertanian Malaysia plans to launch several new products
and services for the farming community. In the pipeline are several
new loan products and services to cater for the growing needs of the
farming community, as well as the reviewing of its lending policies
and delivery system while upgrading its ICT system for easy access to
credit. Since 2006, a total of 4297 new entrepreneurs in various agriculture
sectors have been developed, while the bank aims to develop 10000 new
bumiputera entrepreneurs under the Ninth Malaysia Plan. |
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| University Putra Malaysia (UPM) has gone a long way from its humble beginnings as a offshoot agriculture department from University Malaya, being one of the most vibrant research universities in the country with great emphasis on agro-based research and commercialization. According to Vice Chancellor Professor Datuk Nik Mustapha R Abdullah, the university aims to create an environment supporting innovation in advancing agro-based research. Similarly, its dedication to the commercializing of its innovations were evidenced in the awarding of the Commercialisation Award at the university’s excellence awards ceremony. The RM20 million award was given to Assoc Prof Dr Syed Omar Syed Rastan and Assoc Prof Dr Ahmad Husni Mohd Hanif for their products Vita-Grow and Zappa, devised to increase padi yield. |
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In
other news, the Kenaf
plant, Hibiscus cannabinus, may be Malaysia’s
new industrial crop as it is getting closer to commercialization with
the setting up of an anchor company which will handle its processing
and marketing. According to Plantations Industries and Commodities Minister
Datuk Peter Chin Fah Kui, four companies will form the anchor company
which will work closely with the National Tobacco Board in developing,
collecting, processing, and marketing the fibrous plant. |
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| Investment & Industry | |||||
Following
the biofuel boom, Belgian engineering company, Desmet Ballestra is expanding
its scope into ethanol and biomass power plants to counter the biodiesel
slowdown that has occurred all over the world of late. With its focus
on the edible oils industry, the company was one of the earliest companies
to have built biodiesel plants worldwide. However, with the rising prices
of soyabean, rapeseed and palm oil, feedstock for biodiesel has become
more costly causing banks to start reviewing the viability of these
projects. To date, Desmet Ballestra has signed 85 biodiesel plants with
a combined capacity of 10 million tonnes. |
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| Medical | |||||
Malaysia
has the potential to support a stem cell research and therapy market
worth US$157 mil, according to Malaysian Biotechnology Corporation CEO
Datuk Iskandar Mizal Mahmood. Despite the low penetration rate for stem
cell research and therapy, the potential of the sector is huge, with
year-on-year growth rates of around 12%. It is anticipated that numbers
would increase with the next five to ten years. |
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A very promising vaccine for the treatment of lung cancer that has been brought to the country of late is of an unlikely source. Long known for its cigars and music, amid the US embargo, Cuba has silently grown into a biotech giant in its own right, and will be running clinical trials for its cancer vaccines in Malaysia. According to the Cuban Centre of Molecular Immunology Project Manager Dr Gisela Gonzalez Marinello, the vaccine helps prolong the life of the patient. Sixty percent of the patients treated with the vaccine have a continued lifespan of 12 months in comparison to only six to seven months with only chemotherapy. Instrumental in bringing such cutting edge technology to the country were Bioven Sdn Bhd chief executive officer Dr W. Shermal Perera and Datuk Mukhriz Mahathir. It will also be Malaysia's very first clinical trial organised by a Malaysian biotech company. |
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Policy |
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With
the establishment of a body to regulate the implementation of the Malaysian
Biosafety Act, which was gazetted on August 20 last year, Malaysia would
have a one stop center to help it coordinate the import, export, handling
and use of living modified organisms. The agency will be established
in the second half of this year, and would be referred to on all matter
related to biosafety from approvals to enforcement and monitoring. The
Ministry of Natural Resources and Environment has been consulting the
Public Service Department on the establishment of the body. |
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