Malaysian Palm Oil Board Act 1998 · Updated to 1 Jan 2006 · Part V · Other Powers and Functions of the Board
39. Investment
Feedback & support(1)
The moneys of the Board shall, in so far as they are not required to be expended by the Board under this Act, be invested in such manner as the Minister and the Minister of Finance may approve.
(2)
Without prejudice to the generality of subsection (1), the
Board may, with the approval of the Minister, acquire and develop land and property for or in connection with the exercise of its powers and for this purpose may enter into such negotiations, arrangements or agreements as may be necessary for generating income required for the operation of the Board.