LATEST NEWS   Govt encourages EV owners to install chargers at home for cheaper charging costs -- Johari Ghani | EV charging infrastructure development faces challenges of high installation costs of up to RM210,000, especially DC chargers -- Johari Ghani | 5,624 public EV chargers were installed by Dec 31, 2025, 56 per cent of the overall target -- Johari Ghani | As Parliament prepares to consider the Climate Change Bill, the transition will be orderly, evidence-based and anchored in national interest - PM Anwar | The strengthening of the ringgit ultimately reflect trust in institutions, in policy direction and trust that a country is governed with discipline and purpose — PM Anwar | 
BUSINESS • 03/01/2025 06:34 PM

No IPG Payment For December 2024 -- MRB

KUALA LUMPUR, Jan 3 (Bernama) -- The Malaysian Rubber Board (MRB) has announced that the Rubber Production Incentive (IPG) for cuplump and latex has not been activated for December 2024 in Peninsular Malaysia, Sabah dan Sarawak.

In a statement, MRB said that effective January 2024, the IPG would be activated if the average monthly farmgate price for cuplump rubber is at RM3.00 per kilogramme (kg) or below.

It added that the IPG for latex would only be activated when the cuplump’s IPG is activated, and that the IPG rate for latex is fixed at 90 sen per kg for latex with 100 per cent dry rubber content. 

For December 2024, the average price for cuplump for Peninsular Malaysia, Sabah and Sarawak was at RM3.80, RM3.50, and RM3.25 per kg, respectively.

Hence, MRB said no IPG payment will be made for this month.

-- BERNAMA


 

More News

Categories

Tags