1. Local oil palm companies are keen to invest further downstream from oleochemicals to oleo derivatives, but many are still hesitant given the good revenue derived from their core upstream business.
2. Attributed the slow take up rate to the perception that oleo derivatives business was capital intensive and involved some challenges.
3. Oleochemicals, Oleochemical Derivatives or Preparations are included in the list of promoted activities and products which are eligible for tax incentives considerations under the Promotion of Investment Act 1986 depending on the merits of each project.
Monday 30 April 2018
Monday 23 April 2018
Understanding Oleochemical Industry in China
STAGES OF GROWTH IN CHINA OLEOCHEMICAL INDUSTRY
1. Initial Stage: Before the 1990s, China oleochemical industry mainly developed its home-grown technology and was confined to soap production and soap co-products like stearic acid and glycerol. The production scale was small and the technology was relatively backward.
2. Developing Stage: From the 1990s to the early 21st century, China’s further reform and opening up policies had created a good economic and political environment. Through introducing the advanced technologies of Germany, Italy and other countries, the production scale of enterprises was greatly enlarged and the technical level was improved, which laid a good foundation for the development of China oleochemical industry.
3. Rapid Growth Stage: Since 2003, the influx of some large multinational groups (mainly referring to those of Malaysia and Singapore) had brought in the advanced technologies and business principles. Meanwhile, many domestic enterprises began to build up or expand production devices, which greatly enhanced their production scale and concentration. Hence, the oleochemical industry entered into a rapid development period.
1. Initial Stage: Before the 1990s, China oleochemical industry mainly developed its home-grown technology and was confined to soap production and soap co-products like stearic acid and glycerol. The production scale was small and the technology was relatively backward.
2. Developing Stage: From the 1990s to the early 21st century, China’s further reform and opening up policies had created a good economic and political environment. Through introducing the advanced technologies of Germany, Italy and other countries, the production scale of enterprises was greatly enlarged and the technical level was improved, which laid a good foundation for the development of China oleochemical industry.
3. Rapid Growth Stage: Since 2003, the influx of some large multinational groups (mainly referring to those of Malaysia and Singapore) had brought in the advanced technologies and business principles. Meanwhile, many domestic enterprises began to build up or expand production devices, which greatly enhanced their production scale and concentration. Hence, the oleochemical industry entered into a rapid development period.
Monday 9 April 2018
Tax Incentives for Foreign Investment in Singapore - Part 2 - R&D
Continuation from previous posts. Tax incentives offered to the R&D Industry.
Monday 2 April 2018
Tax Incentives for Foreign Investment in Singapore - Part 1
Singapore offers a wide range of investment incentives for investors including tax holidays and concessions, accelerated depreciation schemes, grants and favorable loan conditions to attract investments. The tax incentives and grants offered in Singapore are in the form of exemption from tax, reduction in the rate of tax or subsidies, and are available to a very broad range of industries.
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