Climate enactment opens doors to green investors in Sabah
Published on: Tue, Jul 29, 2025 Text Size: Masidi greeted by Borneo Rhino Alliance Executive Director John Payne. Accompanying Masidi was KSI Strategic Institute for Asia Pacific Chairman Tan Sri Majid Khan. - Pic by CMD KOTA KINABALU: The newly-passed Climate Change and Carbon Governance Enactment 2025 has positioned Sabah to attract regional investment in the growing carbon market, said Chief Minister Datuk Seri Hajiji Noor. In a speech delivered by State Finance Minister Datuk Seri Masidi Manjun at the Asean Sustainable Forestry Summit 2025, Hajiji said clear legislation gives investors confidence, while regional cooperation is key to long-term growth. He stressed the need for Asean to develop common standards, align regulations, and recognise carbon credits across borders to avoid fragmented systems that discourage investment. The Enactment also establishes the Sabah Climate Action Council, a Climate Fund, and an emissions inventory, while affirming carbon rights under state jurisdiction and introducing a clear structure for project approvals and trading. Hajiji said Sabah's forests now absorb more carbon than the state emits, contributing about 36 per cent of Malaysia's total carbon sequestration—an environmental achievement and economic asset. He also highlighted Sabah's Forest Plantation Development Action Plan, aimed at rehabilitating 400,000 hectares over 15 years and creating 40,000 jobs, with FMU licence holders urged to stay committed to the plan. Sabah is also leveraging its strengths in timber and palm oil to attract downstream investment, with Hajiji calling for long-term partnerships to build a resilient, green economy rooted in sustainable forestry and carbon governance. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Express
an hour ago
- Daily Express
LDP slams PTPTN waiver tactic as
Published on: Tuesday, August 05, 2025 Published on: Tue, Aug 05, 2025 Text Size: KOTA KINABALU: The Liberal Democratic Party (LDP) has denounced the use of PTPTN loan forgiveness as an election promise, calling it a reckless tactic that misleads voters and threatens Malaysia's education financing system. LDP warned that such populist pledges erode financial discipline, risk collapsing PTPTN's revolving fund, and promote strategic default among borrowers. The party also criticised the Sabah-targeted proposal as divisive and lacking a clear fiscal model. 'Education policy must be rooted in long-term fairness and fiscal responsibility not exploited for political gain,' the party said. They stresssed that PTPTN is a federal agency and state-level promises to cancel loans overstep constitutional bounds. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
an hour ago
- Daily Express
FSSB-Celeros partnership to boost Sabah's oil and gas capabilities
Published on: Tuesday, August 05, 2025 Published on: Tue, Aug 05, 2025 By: Sisca Humphrey Text Size: From left: Allen, Siti, Suresh and Jesselton after the signing ceremony. - Sisca Humphrey/Daily Express Malaysia KOTA KINABALU: Firm Synergy Sdn Bhd (FSSB) has formalised a strategic partnership with UK-based Celeros Flow Technology to bring advanced pump solutions to Sabah, witnessed by SMJ Energy and the Sabah Oil and Gas Service Council (SOGSC). SMJ Energy VP Allen Chia said the collaboration supports Sabah's push for energy independence and technical readiness, especially by integrating global systems like ClydeUnion Pumps. 'It lays the groundwork for operational sustainability, not just commercial gain,' he said SOGSC VP Jesselton Jason James added that empowering local agents like FSSB enhances skills, tech transfer, and after-sales support. 'This is a commitment to strengthening local capacity,' he said. Under the agreement, FSSB will act as Celeros' authorised agent in Sabah, providing access to OEM parts, technical support, and engineering solutions tailored to local needs. * Read full report in tomorrow's print paper or log in or sign up for e-paper and premium online news access. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
2 hours ago
- Daily Express
Channel RM100 aid to 6.3 million EPF members with RM10,000, government told
Published on: Tuesday, August 05, 2025 Published on: Tue, Aug 05, 2025 By: FMT Reporters Text Size: Former Klang MP Charles Santiago said a targeted cash injection into EPF accounts by Putrajaya would go a long way towards rebuilding Malaysians' retirement fund. PETALING JAYA: Former Klang MP Charles Santiago has proposed that the RM100 cash aid announced for all Malaysian adults last month be channelled instead to 6.3 million Employees Provident Fund (EPF) contributors who have less than RM10,000 in their accounts. Santiago, an economist by training, said low wages have forced many Malaysians to dip into their EPF savings before retirement. He said a targeted injection by Putrajaya would go a long way towards rebuilding Malaysians' retirement fund. He noted that Singapore's Central Provident Fund (CPF) system includes employer contributions and regular top-ups by the state, especially for low-income workers and seniors. 'It's a system designed to support people through retirement, not leave them scrambling to survive. That's the difference: long-term thinking versus short-term patchwork,' he said, praising the government support for CPF. 'Retirement shouldn't mean poverty. To make the (Malaysian) system stable, there must be regular top-ups from the government or employers, and through broader social protection schemes. Advertisement 'Without fresh contributions, no retirement model can survive.' In 2023, Prime Minister Anwar Ibrahim said 6.3 million EPF members, or 48% of those under the age of 55, had less than RM10,000 in EPF savings. Meanwhile, a Khazanah Research Institute report last year found that 52% of EPF members aged 55 and below have less than RM10,000 in savings, potentially leaving them with insufficient funds for retirement. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
