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NEWS ADMIN

DATE

08/03/2019

NEWS PROVIDER

Khairlia Khairulzaman

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Tapping the market for good yields

8 Mar 2019 (The Star Online) : From a humble beginning in the 1960s, the Malaysian palm oil industry has transformed to become one of the key contributors to the country’s Gross Domestic Product (GDP), foreign exchange earnings and employment opportunities.

Prices of crude palm oil (CPO) may tend to fluctuate but the overall supply and demand remain consistent and on a steady upward trend over the years.

Capitalising on the growing world demand for CPO that is correlated to the world’s population growth, East West One Group (EWOG) founder Datuk

Dr Jessie Tang not only ventured but also expanded the Group’s oil palm plantation and related businesses in Sabah and beyond the Malaysian shores into neighbouring Indonesia.

Sabah is the ideal location for oil palm plantation due to its favourable agronomic factors and weather conditions that ensure higher yields and oil extraction rates.

In addition, the state has an established and strong plantation culture in terms of management, labour and support services towards the success of the industry.

EWOG is the first in Malaysia to operate and manage two Companies Commission of Malaysia-approved oil palm plantation interest schemes, which are approved under the Interest Schemes Act 2016.

The Group’s achievements and track record have positioned it as the leading, largest and most successful oil palm plantation interest scheme operator and manager in the country.

There are two schemes under EWOG — East West One Planter’s Scheme (EWOPS) and East West Horizon Planter’s Scheme (EWHPS) — launched in 2011 and 2015 respectively.

EWOPS and EWHPS have a total land bank of 15,725 acres and 11,670 acres respectively with both located in Sabah.

The schemes offer high returns of up to 88% over an investment tenure of eight years. The invested capital is fully repaid to investors upon maturity of the tenure. These fixed contractual returns are paid quarterly by the appointed trustee, TMF Trustees Malaysia Berhad.

EWOG has a consistent and unblemished track record in quarterly payouts since the inception of the schemes. To date, investors have received 29 and 15 quarterly payouts under EWOPS and EWHPS respectively. The next payout will be made on March 31.

The Group has a highly experienced plantation management team with relevant knowledge and credentials in managing oil palm plantations in Sabah.

Development of both oil palm plantations is progressing well with planting and harvesting ahead of schedule. Good yields are being realised from the use of high quality planting materials and the plantations are now generating income.

Since inception, over 4,000 investors from within Malaysia and overseas including Japan, Singapore, China and Thailand have invested more than RM500mil in EWOPS and EWHPS.

Through the years, EWOG has steadily grown and expanded its businesses locally and regionally, and is today known as a Malaysian commodities and resources conglomerate with an integrated business model encompassing oil palm and agriculture, timber, livestock farming and other crops, mining, investments, and healthcare and wellness.

Those interested to invest in the schemes should visit EWOG at Booth S2B at the StarProperty.my Fair 2019 in Sunway Carnival Mall, Penang, from March 14 to 17.

The fair is open from 10am to 10pm over the four days. Admission is free.


Read more at https://www.thestar.com.my/metro/metro-news/2019/03/08/tapping-the-market-for-good-yields/#rrPzkyjoHDEctxZe.99