KUALA LUMPUR, June 5 (Bernama) -- Bioalpha Holdings Bhd, a manufacturer of health supplements, expects the zero-rating of Goods and Services Tax (GST), effective June 1, to further boost the domestic demand for its products.
Managing Director William Hon said the domestic market was the company's main growth driver in 2017, with manufacturing and retail pharmacy divisions reporting higher sales.
"We expect this trend to continue in 2018, on the back of increased demand for original design manufacturing products from existing and new customers," he said in a statement today.
In addition, Hon said, Bioalpha would launch several new products in Malaysia, Indonesia and China this year to spur interest and keep the markets excited.
Regarding expansion plans, he said the company was positioning itself to cater for any incoming major orders from existing and new customers.
Land clearing and planting activities are underway at both herbal parks in Pasir Raja, Terengganu, and Desaru respectively.
"We expect to harvest 2,000 tonnes of fresh raw herbs from both herbal parks by 2020. This year, we plan to start harvesting coconuts with 3,000 trees already planted in Desaru Herbal Park.
"We are also adding high-demand crops such as Musang King durian at our Pasir Raja Herbal Park," he said.
By Siti Radziah Hamzah
KUALA LUMPUR (Bernama) -- Imagine how you would feel if you wake up one morning in the house you have lived with your family for about 30 years and you are not able to recognise your surroundings. You look at the mirror and ask yourself, “Who am I, where am I?”
This is one of many symptoms indicating that you may have dementia, a debilitating disease that takes away the ability to retain memory, think clearly, behave normally and perform everyday activities.
Dementia is an increasingly common disease affecting ageing populations in especially low- and middle-income countries where access to social protection, services, support and care is limited.read more ››
UMSC: Pain Management