Latest news with #FDS
Malaysian Reserve
12-07-2025
- Business
- Malaysian Reserve
3D forest mapping system can enhance Sarawak's carbon trading capacity
A cutting-edge three-dimensional (3D) forest mapping system developed by the Forest Department Sarawak (FDS) could strengthen the state's carbon trading capacity by identifying forest segments with high carbon sequestration potential. Sarawak Premier Tan Sri Abang Johari Tun Openg (picture) said he was impressed by the system, which provides essential data on a forest's capacity to absorb carbon—an important element in carbon trading. 'If we have the data, as I saw in the 3D (forest mapping system), we can determine the aggregate absorption capacity of our forests. Because the price of carbon is determined by the open market, we now have data that could support the imposition of a levy or carbon tax based on our forests' carbon absorption capacity,' he said. Speaking at the Sarawak-level International Day of Forests celebration here today, he said the state must continue developing new technologies to advance its green economy agenda, where development must not come at the expense of the environment. 'Our policy, which I want to share with you, is that the Sarawak government prioritises our natural resources. These resources must be managed prudently, and that will drive economic development through the opportunities created by our environmental conservation efforts,' he said. Abang Johari said the Sarawak government is also integrating circular economy principles into its green economy initiatives, including promoting recycling processes, particularly from palm oil mills and livestock waste, to produce green energy sources such as hydrogen and methane. He said Sarawak's circular economy model was among the topics highlighted in his keynote address at the ASEAN Summit in Kuala Lumpur in May, where his phrase 'don't waste the wastes, monetise the wastes' drew the attention of attending economists. Abang Johari said that the state circular economy approach was one of the matters that he highlighted in his keynote address at the ASEAN Summit in Kuala Lumpur recently, to which his phrase of 'don't waste the wastes, monetise the wastes' attracted the attention of economists attending the event. 'I mentioned this because our policy takes into account how we can sustain the environment while developing our state,' he said. According to him, Sarawak's green economy initiative was also acknowledged at the World Asia Hydrogen Conference 2025 in Tokyo, where he delivered a keynote address last Thursday. He also revealed that he has been invited to deliver a similar address at the World Economic Forum in Davos, Switzerland. 'I was informed that they will invite me to share our policy at the World Economic Forum in Davos. That means the world has acknowledged us,' he added. — BERNAMA
The Sun
12-07-2025
- Business
- The Sun
Sarawak's 3D forest mapping boosts carbon trading potential
KUCHING: A state-of-the-art 3D forest mapping system developed by the Forest Department Sarawak (FDS) could significantly improve the state's carbon trading capabilities by pinpointing forest areas with high carbon sequestration potential. Sarawak Premier Tan Sri Abang Johari Tun Openg praised the system for providing crucial data on forest carbon absorption, a key factor in carbon trading. 'If we have the data, as I saw in the 3D forest mapping system, we can determine the aggregate absorption capacity of our forests,' he said. Speaking at the Sarawak-level International Day of Forests celebration, Abang Johari emphasised the need for technological advancements to support the state's green economy agenda. He stressed that development must not compromise environmental sustainability. 'Our policy is that the Sarawak government prioritises natural resources. These must be managed prudently to drive economic growth through environmental conservation,' he added. The state is also adopting circular economy principles, including recycling waste from palm oil mills and livestock to produce green energy sources like hydrogen and methane. Abang Johari highlighted this approach during his keynote at the ASEAN Summit in Kuala Lumpur, where his phrase 'don't waste the wastes, monetise the wastes' resonated with economists. Sarawak's green initiatives have gained global recognition, including at the World Asia Hydrogen Conference 2025 in Tokyo. The Premier revealed he has been invited to speak at the World Economic Forum in Davos, Switzerland. 'The world has acknowledged us,' he said. - Bernama
Borneo Post
07-07-2025
- General
- Borneo Post
Premier to plant 50 millionth tree at state-level International Day of Forests 2025
File photo for illustration purposes KUCHING (July 8): The Forest Department Sarawak (FDS) will host the state-level 'International Day of Forests' (IDF) 2025 at the Forest Research Centre here this Saturday (July 12). The Forest Resources One Stop Gallery, a platform showcasing Sarawak's rich forest heritage, research efforts and educational resources, will also be launched in connection with this upcoming event. The key highlight will be Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg planting the 50 millionth tree, symbolising a major achievement that exceeds the original target of planting 35 million trees under the Greening Malaysia Campaign. A forestry exhibition by FDS, involving participation of partner agencies, non-governmental organisations (NGOs), academic institutions and local communities, will also be held at the event. Another highlight will be the signing of memoranda of understanding (MoUs), all aimed at strengthening collaboration in sustainable forestry, biodiversity conservation and climate action. 'Through this year's celebration, the state reaffirms its leadership in sustainable forest management and its dedication to nature-based solutions that promote resilience, food security and environmental sustainability for present and future,' said FDS in a statement yesterday. Observed globally on March 21 every year, the International Day of Forests was originally introduced as World Forestry Day in 1971 to promote awareness of the importance of forests. It was rebranded by the United Nations General Assembly in 2012 to better reflect the growing urgency of forest-related issues. Notably, FDS has been observing this occasion since 1973, making it one of the longest-running forestry awareness initiatives in the region. This year's theme 'Forests and Foods' highlights the crucial role forests play in ensuring food security, safeguarding biodiversity and supporting local livelihoods. 'Forests provide vital ecosystem services such as clean air and water, climate regulation, soil fertility, and pollination – services that are essential to both the environment and the well-being of communities. 'In Sarawak, many rural and indigenous communities have long depended on forests for sustenance, cultural practices and economic activities,' said FDS.
Scoop
25-06-2025
- Business
- Scoop
Regional Council Votes For Development Strategy With Important Caveats
Hawke's Bay Regional Council today confirmed its support for the overall Napier–Hastings Future Development Strategy (FDS) but added caveats about two areas proposed for housing development. The FDS is a 30-year blueprint for where and how urban growth — especially housing and business development — should happen in Napier and Hastings. It was developed jointly by the Napier City Council, Hastings District Council and Hawke's Bay Regional Council alongside mana whenua partners. Regional Councillors had always expressed concerns about the flooding risk of a proposed housing development on Riverbend Road in Napier and the use of highly productive land for a housing development on Middle Road in Hastings. Both proposed developments are specifically mentioned in the FDS. Regional Council Chair Hinewai Ormsby says the Council is committed to supporting growth, but not at the expense of people's safety or the future resilience and well-being of communities. 'We believe it's vital that growth is planned, but it is also safe. We have consistently raised serious concerns about the natural hazard risks. Cyclone Gabrielle taught us painful lessons about what can happen when we build in flood-prone areas,' she says. 'We will work alongside our partner councils to find a path forward.' The Napier City Council and Hastings District Council are due to discuss the strategy tomorrow (Thursday 26 June).
Yahoo
24-06-2025
- Business
- Yahoo
Is FactSet Research Systems Stock Underperforming the Nasdaq?
Norwalk, Connecticut-based FactSet Research Systems Inc. (FDS) is a global financial digital platform and enterprise solutions provider. Valued at a market cap of $16.6 billion, the company offers workstations, portfolio analytics, and enterprise data solutions, as well as managed services to support data, performance, risk, and reporting workflows. Companies valued at $10 billion or more are generally labeled as 'large-cap' stocks, and FactSet Research Systems fits this criterion perfectly. The company delivers real-time data, powerful analytics, and research capabilities to support decision-making across the investment lifecycle, serving asset managers, investment banks, hedge funds, and corporate clients. Meta's Mark Zuckerberg Says the Technology They're Developing Will 'See What You See and Hear What You Hear' The Next Trillion-Dollar Boom? 3 Stocks to Buy with 300 Million Humanoid Robots on the Horizon. 'Record-Shattering': Warren Buffett's Berkshire Hathaway Has Now Paid $101 Billion in Cumulative Federal Income Tax Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! FactSet Research Systems stock has declined 12.6% from its 52-week high of $499.87. FDS stock has gained marginally over the past three months, lagging behind the broader Nasdaq Composite ($NASX), which increased 10.4% during the same period. In the longer term, FDS stock has decreased 9% on a YTD basis, underperforming NASX's 1.7% return. Additionally, shares of FactSet Research Systems have risen 3.1% over the past 52 weeks, compared to NASX's 11% uptick over the same period. Despite a few fluctuations, the stock has been trading below its 50-day and 200-day moving averages since June. FactSet Research Systems' stock rose 3.5% following the release of its Q3 2025 earnings on June 23. Quarterly revenue rose 5.9% year-over-year to $585.5 million, fueled by continued demand from wealth and institutional buy-side clients, and topped consensus estimates. The company's Annual Subscription Value (ASV) climbed 6.2% year-over-year to $2.3 billion, with annual ASV retention above 95% and client retention at 91%. Additionally, FactSet announced a 6% increase in its quarterly dividend to $1.10 per share, reinforcing shareholder confidence. However, compared to its rival, Cboe Global Markets, Inc. (CBOE) has outperformed FDS stock. CBOE stock has increased 30.8% over the past 52 weeks and 17.8% on a YTD basis. As FDS has underperformed relative to the Nasdaq, analysts are moderately bearish about its prospects. Among the 18 analysts covering the stock, there is a consensus rating of 'Moderate Sell,' and it is currently trading slightly below the mean price target of $439.64. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
