Malaysia Urges Development of Aquaculture

Tom Mulligan
Tuesday, September 10, 2019

The Malaysian Ministry of Agriculture and Agro-based Industry is encouraging all Malaysian States to carry out aquaculture to boost the production of high-quality fishery produce to meet the rising demand, as well as to create a healthy environment. Deputy Minister Sim Tze Tzin said Penang the State that was top in aquaculture production in Malaysia and the only State that had reached a 50:50 percent ratio in aquaculture and captured fish.

“Moving forward, we need to have more aquaculture activities, the deputy minister stated. “Malaysia is in the capture fisheries sector, but the fish resources are declining at an alarming stage. That is why we need to have conservation, we have to implement certain policies to ensure we are not over-fishing. Eventually, we will have to move on to aquaculture.

“Penang’s aquaculture industry is worth MYR 1.67 billion ($399.6 million) a year. The country’s total is about MYR 3 billion ($717.8 million). Penang’s share is therefore over 50 per cent compared to all the other States. We need to encourage more States to carry out aquaculture,” he stated. (Source: Bernama)

Categories: Environmental Ocean News Aquaculture Offshore Malaysia

Related Stories

Asian Buyers Rush for Russian Oil Amid Supply Disruption

Thai Tanker Transits Hormuz after Iran Talks

Iran to UN: 'Non-Hostile' Ships Can Transit Strait of Hormuz

Oil Rises as Iran Denies US Talks, Supply Risks Persist

IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

OSV Market: Asia Pacific Downshifts for the Long Haul

Subsea7 Extends Engagement on Türkiye’s Sakarya Field with New Deal

GLO Marine to Invest $7M in New Vessel Retrofit Hub in Romania

Samos Energy Buys Suksan Salamander FSO from Altera Infrastructure

Thailand's Gulf Energy Eyes Long-Term LNG Supply

Current News

Asian Buyers Rush for Russian Oil Amid Supply Disruption

Mubadala Energy Secures Southwest Andaman Exploration Block off Indonesia

Strohm to Supply Insulated TCP Jumpers for Malaysia’s Offshore Project

Arabian Drilling Flags Temporary Offshore Rig Suspensions in Persian Gulf

Iran War Sends LNG Prices Soaring, Curbing Asia Demand

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

Thai Tanker Transits Hormuz after Iran Talks

Iran to UN: 'Non-Hostile' Ships Can Transit Strait of Hormuz

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com