New swiftlet farming scheme

www.thestar.com.my

PENANGITES who are interested to invest in swiftlet farming schemes may be able to do so now as a company called Swiflet Eco Park Bhd has opened their first branch in Penang at Belissa Row along Burmah Road. Local investors may be familiar with the company’s current portfolio managing two registered farming investment schemes — Country Heights Growers Scheme and Golden Palm — which allow investors to reap returns by purchasing oil palm plantation plots.

The latest edition to join the two existing farming schemes is Malaysia’s first legalised swiftlet ranching share farming scheme which is initiated by Swiflet Eco Park Bhd. Swiftlet Eco is part of a holding company which is involved in the planning, development, construction and marketing of custom-made and licensed swiftlet farms.

Its group managing director Loke Yeu Loong said that not only is the scheme the first swiftlet ranching business licensed in Malaysia, but also in the world. With the purchase price of one interest unit at only RM10,000, this scheme is considered a low-risk investment with expected high returns.

“According to projections by our independent consultants, each investment unit of the scheme will be able to earn RM270,000 in the next 35 years, an average annual return of over 75%,” Loke explained. He added that potential investors should be confident, as it was not only approved by the Malaysian Government and Companies Commission but it had also appointed PB Trustee Services Berhad as a custodian.

Swiftlet Eco Park group executive deputy chairman Datuk Seri Dr Abdullah Fadzil Che Wan said that this scheme had potential to be successful. “Today, Malaysia is one of the major producers of edible bird’s nest.

“With swiftlet ranching flourishing as well as the price of edible bird’s nest rising, the export prospects for the industry are excellent,” he said.

Swiftlet Eco Park group chief executive officer Tan Chee Hong and its Penang branch’s investment manager Eddie Lim were also present at the official launch of its representative office last week. Those who are interested to learn more are welcome to visit the branch at 368- 2-12A, Belissa Row, Burmah Road or call 04-226 6802.