New Straits Times on Nostr: Focus on agritech investments in Budget 2025 to attract high-net worth individuals - ...
Focus on agritech investments in Budget 2025 to attract high-net worth individuals - Economist
==========
Malaysia should prioritize agritech investments in Budget 2025 to attract diverse investors, particularly family offices; Mohd Sedek Jantan, head of investment research at UOB Kay Hian Wealth Advisors, emphasizes the need for tax breaks and subsidies for agricultural R&D; Budget 2025 is set to be tabled on October 18, 2024; Malaysia has 754 ultra-high-net-worth individuals with a total net worth of US$30 million, expected to grow to 1,015 by 2028; globally, there are 426,330 ultra-high-net-worth individuals with a total wealth of US$49 trillion in 2023; agritech is crucial for sustainable agriculture amid climate change; traditional farming is insufficient to meet food demands; innovations like precision farming are vital; a stronger ringgit could enhance Malaysia's appeal as an investment destination; public-private partnerships and effective marketing are essential for attracting foreign investment.
#Agritech #Investment #Budget2025 #Highnetworth #Sustainability #Malaysia #FamilyOffices #EconomicPolicy #ClimateChange #Agriculture
https://www.nst.com.my/business/economy/2024/10/1115545/focus-agritech-investments-budget-2025-attract-high-net-worthPublished at
2024-10-06 03:57:22Event JSON
{
"id": "8ccec2d4fffeafcab36f151ae46fd6b01fee629ab7882c99ef7386df827b4362",
"pubkey": "6f4a6b832bbadf7661ddd2289587f438a11113635a74bd146976b571ab96d226",
"created_at": 1728187042,
"kind": 1,
"tags": [],
"content": "Focus on agritech investments in Budget 2025 to attract high-net worth individuals - Economist\n==========\n\nMalaysia should prioritize agritech investments in Budget 2025 to attract diverse investors, particularly family offices; Mohd Sedek Jantan, head of investment research at UOB Kay Hian Wealth Advisors, emphasizes the need for tax breaks and subsidies for agricultural R\u0026D; Budget 2025 is set to be tabled on October 18, 2024; Malaysia has 754 ultra-high-net-worth individuals with a total net worth of US$30 million, expected to grow to 1,015 by 2028; globally, there are 426,330 ultra-high-net-worth individuals with a total wealth of US$49 trillion in 2023; agritech is crucial for sustainable agriculture amid climate change; traditional farming is insufficient to meet food demands; innovations like precision farming are vital; a stronger ringgit could enhance Malaysia's appeal as an investment destination; public-private partnerships and effective marketing are essential for attracting foreign investment.\n\n#Agritech #Investment #Budget2025 #Highnetworth #Sustainability #Malaysia #FamilyOffices #EconomicPolicy #ClimateChange #Agriculture\n\nhttps://www.nst.com.my/business/economy/2024/10/1115545/focus-agritech-investments-budget-2025-attract-high-net-worth",
"sig": "14f76ca2d959945bc15016798755fa687f75792c779279d8ab88fe5f9f8092eef4d39a1a533fdf9f683b3873bfbf0c9579ca5730fba46405e0d451ec7721d4bd"
}