Source: http://www.theborneopost.com/?p=30591
MIRI: The Entrepreneur and Cooperative Development Ministry is taking steps to develop resilient and business savvy entrepreneurs who could survive competition instead of churning them out in numbers. Its secretary-general Datuk Musa Mohamad said the approach was needed to cope with the challenges, and to ensure the quality of entrepreneurs produced through its various assistance schemes met the desired mark.
He said this in his speech at the memorandum of understanding (Mou) signing ceremony between Vanilla Biomatrix Sdn Bhd and Mutiara Sarawak here yesterday. He represented the minister Datuk Seri Khaled Nordin. The MoU is an initiative undertaken by Miri Division Entrepreneur Development Council which is led by deputy resident Johari Bujang.

“It is pointless to have many entrepreneurs because they would die a natural death if they can’t compete and if don’t have good business management skills,” he said, adding that those with quality would flourish. “To survive, you must be technology-supported to sustain operation, and you must have good management skills to be competitive.
“Our ministry’s stand is you must be able to stand on your own two feet,” he added. Meanwhile, he believed Sarawak was moving in the right direction in entrepreneurship development by picking vanilla production as their choice and believed the pilot project would succeed with the cooperation and support from all quarters.
“The potential is huge as the world market demand was 450,000 tons in 2007 of which only half was met, and out of this only three per cent are from organic vanilla,” he pointed out. “The lucrative price of organic vanilla from US$120 to US$150 per kg makes it one of the most prized commodities in the world which the ministry encourages to be tapped through its entrepreneur development strategies,” he said.
Sarawak would be venturing into vanilla plantation in Sibuti where a nursery has already been set up, and the soil there is ideal for the cultivation of the crop. Biomatrix is a joint-venture company between Rentak Timur Sdn Bhd and Malaysian Herbal Corporation MHC), while Mutiara is a company selected by Miri Division Entrepreneur Council as marketing agent for vanilla plantation in Sarawak.
Biomatrix would provide the guidance, consultation and expertise in the pilot project in Sarawak. The MoU was signed by CEO Syed Isa Syed Alwi and witnessed by Asmadi Md Said, executive director of MHC, while Mutiara was represented by chairman Sulaiman Ladis and company secretary Mohd Chee Kadir was the witness.
Commercial farming of vanilla started in Peninsular Malaysia in 2005 with the pioneering venture by Rentak Timur, and it has been expanded to Sabah in 2007 with the appointment of Koperasi Pembangunan Desa as its management and marketing agent. It will start in Sarawak this March and one million plants are expected by the end of this year, while the first harvest would be in 2011, with a projected production of 1,600 metric tons.
This would be worth about RM80 million annually, and the project would involve the private sector, entrepreneurs, the corporate sector, cooperatives and more than 1,500 farmers in Sarawak with over 500 hectares. A farmer or entrepreneur needs about 0.5 hectare of land for 1,000 vanilla plants where the gross income is expected to be between RM60,000 and RM80,000 annually of which between RM20,000 and RM30,000 is profit.