Ruifeng Wealth Management and INDUK KUD Sign Agreement to Build Palm Oil Mills and Cooking Oil Refinery to Support Indonesia’s National Meal Program

JAKARTA, INDONESIA – Media OutReach Newswire – 9 November 2024 – In a significant move to strengthen Indonesia’s National Free Meals Program, a cornerstone of President-elect Prabowo Subianto’s campaign, Ruifeng Wealth Management Pte Ltd has signed a Memorandum of Agreement (MoA) with INDUK KUD, Indonesia’s largest agriculture cooperative organization, to establish up to five palm oil mills and cooking oil refineries. President Prabowo is also the Chairman of INDUK KUD’s Development Council, has allocated an annual budget of approximately US25.6 billion to combat childhood stunting and malnourished students across Indonesia. The collaborative effort between Ruifeng Wealth Management and INDUK KUD will ensure the production and supply of high-quality cooking oil for the country’s national meal program.