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NEW UPDATES Asean Affairs  26 September 2014  

Malaysia’s herbal industry market worth RM29b by 2020

THE local herbal industry is expected to grow at 15 per cent per annum and to be worth RM29 billion by 2020 as its products gain popularity, buoyed by consumers propensity towards a healthier lifestyle, the Malaysia External Trade Development Corporation (Matrade) said.

Matrade deputy chief executive officer, Datuk Dzulkifli Mahmud, said the herbal industry is a promising industry and Malaysia is well positioned to become a key global player as it is blessed with rich biodiversity, cultural background and trade links.

He said the herbal industry had contributed towards production of diverse products ranging from healthcare, food, cosmetic and personal care products.

The global herbal market is valued at US$70 billion for nutraceuticals and US$20 billion for phytomedicine with an average growth rate of between 15 to 20 per cent annually, he told reporters at a sneak preview of the eighth Herbal Asia Trade Fair 2014.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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