Bioeconomy Corporation moves towards MOA

Malaysian Bioeconomy Development Corporation (Bioeconomy Corp) is now under the purview of the Ministry of Agriculture and Agro-based Industry (MOA), effective 2nd November 2018. The economic development agency for the bio-based industry was previously under the purview of the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC) since 2005.

Chief Executive Officer of Bioeconomy Corp, Dr. Mohd Shuhaizam Mohd Zain, said that the movement to MOA will allow the agency to renew its focus in stimulating a dynamic, innovative and growing economy through the vast opportunities presented by the agriculture sector. The change is also expected to facilitate closer and more direct cooperation with relevant players in the bio-based industry.