.jpg&w=3840&q=100)
SAFVA seeks legal clarity, fair deal for Sabah creatives on Borneo.TV
Published on: Thu, Jul 10, 2025 Text Size: KOTA KINABALU: The Sabah Film and Visual Association (SAFVA) has raised critical legal concerns over Borneo.TV's operations, despite welcoming the state-backed platform's aim to promote local talent. SAFVA Legal Advisor Yong Yit Jee questioned whether income from Sabah-made content is being fairly channeled back to the state, given that Borneo.TV is owned by a Peninsular-based company. 'We want transparency on how revenue is allocated .Sabah's creative output must benefit Sabah,' he said. He also called for clear protection of local artists' intellectual property and royalties. 'There must be explicit terms ensuring Sabah talents receive fair compensation and retain rights over their work.' Yong warned that IB Media Consultant Works Sdn Bhd, which operates Borneo.TV, must confirm its broadcasting licenses and compliance with the Personal Data Protection Act 2010 (PDPA). 'Without proper licensing, all parties involved risk legal exposure. The same applies if PDPA compliance is not met,' he stressed. SAFVA further emphasized the need for consent from indigenous communities before featuring cultural content. 'Free, Prior, and Informed Consent is non-negotiable when indigenous identity is involved,' he said. The association is also calling for the public release of the agreement between the Sabah Maju Jaya (SMJ) Secretariat and IB Media, urging full transparency. 'We need to see if this deal truly protects local creatives,' Yong said, adding that SAFVA seeks a joint dialogue with SMJ, IB Media, and other stakeholders to address these concerns constructively. * 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
The Star
an hour ago
- The Star
NationGate's core business viewed as ‘sound'
The news triggered heavy trading of NationGate shares. PETALING JAYA: Nationgate Holdings Bhd 's subsidiary has been raided by the Malaysian Anti-Corruption Commission (MACC) over alleged scrap metal smuggling. NationGate, in a filing with Bursa Malaysia yesterday, stated the anti corruption watchdog raided the premises of its wholly-owned subsidiary, NationGate Solution (M) Sdn Bhd on Monday, as part of an ongoing investigation into alleged scrap metal smuggling. In its latest annual report, the group noted NationGate Solution is involved in the assembly and testing of electronic components and products. The news triggered heavy trading of NationGate shares yesterday with Rakuten Trade head of equity sales Vincent Lau saying the selling was likely driven by a 'sell first, ask later' reaction among investors. He opined that NationGate's share price should stabilise at current levels. 'The group's data centre prospects remain intact for now, with reputational risks stemming from the MACC raid rather contained,' Lau said, adding NationGate's core business 'remains sound' and the company's partnership with Nvidia Corp is unlikely to be affected by the raid news. NationGate closed the trading day at RM1.49, down 12 sen, with 160.5 million shares traded. Intraday short selling of NationGate shares was suspended by the local bourse after a 15% plunge following the company's announcement of the event to Bursa Malaysia. The suspension will be lifted today. The Penang-based tech company's shares had tested a high of RM1.70 and low of RM1.35 in intraday trade. NationGate is one of only four elite Asian original equipment manufacturer partners of Nvidia. It serves as Nvidia's only contract manufacturer in South-East Asia, specialising in building artificial intelligence (AI) servers equipped with the US tech goliath's high-performance graphics processing units, which are mainly deployed in AI-based data centres. 'I believe Nvidia would have done its due diligence and recognised NationGate's capabilities, which is why NationGate was appointed in the first place. I do not think this issue would cause Nvidia to switch to another partner,' Lau said. NationGate stated it views the allegations with 'utmost seriousness' and has taken 'proactive steps' to ensure full cooperation with the MACC and to 'safeguard the integrity of the investigation'. 'Our company remains steadfast in its commitment to the highest standards of corporate governance, accountability and transparency,' it said in the filing. NationGate also assures stakeholders that the board will use its 'reasonable endeavours' to ensure business operations remain unaffected, and 'appropriate interim measures' have been put in place. 'This (scrap metal) is just a small part of its business, and even if it's stripped out, it would not affect NationGate's earnings in a meaningful way,' Lau said.
Malaysian Reserve
an hour ago
- Malaysian Reserve
Investor Alert: Fraudulent Group Impersonating IG Wealth Management
Be an informed investor – Protect yourself against fraudulent schemes TORONTO, July 15, 2025 /CNW/ – The Canadian Investment Regulatory Organization (CIRO) is warning investors about a scam trading group that is impersonating CIRO-regulated firm IG Wealth Management and its employees and promoting fraudulent digital trading services through social media apps such as WhatsApp, Telegram, Facebook and LinkedIn. Scammers have been operating several fake Facebook pages under various names including 'IG Management: Path to FIRE' and 'Achieve FIRE with Larren Lawson,' that impersonate brand pages of IG Wealth Management and misuse the company's logo, name, marketing materials and employee identities. They are also running fake Facebook profiles under the names 'Phillip Ray Petursson' and 'Keric Nadia Kathleen' that impersonate IG Wealth Management's Chief Investment Strategist, Philip Petursson, and Nadia Keric, a real financial planner who does not work for IG Wealth Management. Other fake Facebook and LinkedIn accounts associated with this scam use the names Kent Ver (Markus), Victoria Arber and Sean Larren, and fraudulently list IG Wealth Management as their employer. Investors should beware of any communications from the fake accounts listed above on social media or messaging apps. The only authorized social media accounts for IG Wealth Management are linked on the company's website. To Protect Yourself Against Fraud: Verify the authenticity of any communication by contacting firms directly using their official website and contact details. Report suspicious activities where entities either claim to be regulated by CIRO or work for CIRO to CIRO immediately. Avoid sharing personal or financial information without confirming the legitimacy of the request. CIRO is committed to protecting investors and providing resources to address fraudulent activities. For more information on identifying and reporting scams, visit the CIRO website. Please note that investors can confirm with CIRO's Complaints & Inquiries team to verify the legitimacy of anyone claiming to represent CIRO. All individuals registered to offer financial advice in Canada are listed on the National Registration Search of the Canadian Securities Administrators (CSA). CIRO's Office of the Investor provides resources to help Canadians avoid investment fraud and protect their financial well-being. See Avoiding Fraud and Protecting Your Investments on CIRO's website for additional information. If you believe you have been a victim of this or a similar scam, immediately contact your bank, local police, your provincial securities commission, and the Canadian Anti-Fraud Centre. If there are claims of CIRO regulation or the fraudster claims to work for CIRO, please also report it to CIRO. About CIRO The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments. For more information, visit
The Sun
4 hours ago
- The Sun
Paragon Globe eyes strong growth from industrial, residential segments
PETALING JAYA: Johor-based property developer Paragon Globe Bhd is positioning itself for sustained growth in the industrial and residential sectors, supported by strategic projects and the state's buoyant economic prospects, following a record-breaking financial performance in its recently concluded financial year. For the financial year ended March 31, 2025, Paragon Globe achieved a net profit of RM105.6 million, reversing the previous year's net loss of RM1.2 million. Revenue surged to RM306.3 million from RM51 million the year before, primarily driven by strategic land disposals and robust industrial property sales. Paragon Globe executive chairman Datuk Seri Edwin Tan Pei Seng said the strong performance was largely attributable to a RM337.3 million disposal of 67.6 acres of industrial land at Desa Cemerlang to Bridge Data Centres. 'Apart from strategic land sales, we experienced high demand for industrial developments at Pekan Nenas, significantly contributing to our earnings,' he added. 'Looking ahead, our growth will be underpinned by residential launches such as Calia Residences and The Iconic at Stulang Laut, along with continued industrial projects.' Paragon Globe recently opened its flagship RM10 million PGB Experience Gallery in Johor Bahru, aimed at enhancing customer engagement and centralising sales activities across its diverse project portfolio. Tan highlighted the strategic advantage of Paragon Globe's industrial projects – Desa 27 and Desa 100 – which are ideally located to leverage the Johor-Singapore Special Economic Zone (JS-SEZ). These projects have attracted prominent multinational tenants, including Hunter Amenities International and Meiban Technologies. Despite global economic uncertainties, Tan expressed optimism about Johor's property sector, buoyed by initiatives such as the JS-SEZ and the Johor-Singapore Rapid Transit System Link. 'PGB remains committed to resilience, diversification, and sustainability, positioning ourselves to adapt swiftly and effectively to market changes,' Tan said. On shareholder returns, he said the company was actively reviewing its capital allocation strategy, including the possible introduction of a structured dividend policy, balancing prudent reinvestments with shareholder rewards. 'Despite global economic uncertainties, we remain optimistic about Johor's property market outlook, driven by sustained regional growth initiatives. PGB remains committed to resilience, diversification, and sustainability, positioning ourselves to adapt swiftly and effectively to market changes,' concluded Tan.
