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Daily Express
04-07-2025
- Business
- Daily Express
Dalit Bay Nautica Carnival Launch Anchored by Culture, Collaboration and Global Maritime Vision
Published on: Friday, July 04, 2025 Published on: Fri, Jul 04, 2025 Text Size: Jasnih (fourth left), Jeffrey (second, left) and Sazli (fourth right) with guests during the launch. KOTA KINABALU: The Dalit Bay Nautica Carnival (DNBC) 2025 was launched Monday, at the Sabah International Convention Centre (SICC) here in an effort to promote more coastal potential in Sabah. The launch was officiated by Pantai Dalit Assemblyman Datuk Jasnih Daya, said a sustainable and prosperous future driven by culture, commerce and connectivity is being built through the Dalit Bay Maritime Economic Development Plan 2026–2030. Advertisement He said DBNC will not only redefine Tuaran's coastal potential but also position Sabah as a serious player in international nautical tourism. 'This initiative marks the beginning of a long-term transformation for Tuaran and Beyond,' he said. DBNC Chairman cum The Genuine Brands Managing Director Prof Dr Jeffery Yap said the carnival is designed to bring visitors, economic activity and international exposure to Tuaran. He said it is not just an event but a movement to place Tuaran on the global coastal map. 'Through multi-stakeholder partnerships and ESG-based planning, we are elevating this region with authenticity, strategy, and long-term value,' he said. Jeffrey said the three-day carnival, scheduled to run from 25 to 27 July, is organised by The Genuine Brands in collaboration with Sail Malaysia. He said the event aims to bring in 29 yachts from 16 countries under the Tuaran Rally, alongside local highlights such as the Oyster Royale MasterChef Competition, the Sea Dragon Cup and a Meet and Greet with Unduk Ngadau and Mr Kaamatan 2025 winners. Sail Malaysia Managing Director Sazli Kamal Basha said the organisation brings over a decade of international sailing expertise. He said they are proud to serve as the official maritime partner of DBNC 2025. 'Through the Tuaran Rally and our international network, we are bringing yachts, exposure, and economic momentum to Sabah,' he said. Also present were KDCA Women's Council Chairperson Datuk Joanna Kitingan, SICC Chief Executive Officer Datuk Dr Rosmawati Lasuki, Sail Malaysia Tuaran Rally Chairman Datuk Mohd Pintaz Badar and DBNC Chairwoman Joanne Kimberley J Majalap. * 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
20-05-2025
- Business
- Daily Express
Tripartite co-op focuses Sabah's offshore oil and gas
Published on: Tuesday, May 20, 2025 Published on: Tue, May 20, 2025 Text Size: Jasnih (seated, centre), Muhtar (seated, left) and Guo (seated, right) signing the collaboration agreement witnessed by Gulamhaidar (standing, centre), Burhanuddin (standing, left) and Mr Guo (standing, right). Kota Kinabalu: In a strategic step to bolster Malaysia's offshore decommissioning expertise, Innoprise Corporation Sdn. Bhd. (ICSB), the investment arm of Yayasan Sabah Group; Eastern Pacific Marine Services Sdn. Bhd. (EPMS), a subsidiary of Eastern Pacific Industrial Corporation Berhad (EPIC Berhad); and Sinopec Heavy Lifting and Transportation Co. Ltd. (SINOPEC) have formalised a collaboration agreement to enter a strategic collaboration to undertake upstream and downstream oil and gas opportunities in Malaysia, with a particular focus on Sabah Waters. The tripartite signing ceremony, held on 13 May 2025 at the Sabah International Convention Centre, was witnessed by the Director of Yayasan Sabah, Dato' Sri Haji Gulamhaidar @ Yusof bin Khan Bahadar, and the President and Group Chief Executive Officer of Terenggany Incorporated Sdn. Bhd, Dato' Haji Burhanuddin Hilmi bin Mohamed @ Harun. Advertisement This collaboration aims to leverage all parties' collective technical expertise, operational capabilities, and regional insights to deliver high-impact, value-driven solutions and advance shared growth ambitions in the oil and gas sector. Signing on behalf of ICSB was its Executive Chairman, Datuk Jasnih bin Daya; representing SINOPEC SLT was its Managing Director, Mr Liu Han, while EPMS was represented by the Group Chief Executive Officer of EPIC Berhad, Dr Ts. Haji Muhtar bin Suhaili. According to Datuk Jasnih, 'As a 30 per cent shareholder in the collaboration, ICSB is proud to play a key role in the EPRR Project, which represents a significant opportunity not only in terms of its technical scope and strategic importance, but also in its long-term value creation.' 'We firmly believe that, if awarded, this project will enable ICSB to significantly increase its revenue stream and enhance its oil and gas sector footprint, further reinforcing our financial position and growth trajectory. While the tender is still under technical evaluation, we remain optimistic. Advertisement Our consortium has submitted a competitive proposal that highlights our collective capabilities, technical expertise, and unwavering commitment to operational excellence, safety, and environmental stewardship,' he added. He further emphasised, 'Our shared commitment to operational excellence, safety, and sustainability will drive us forward, ensuring that we uphold the highest standards across every aspect of the project.' More than just a commercial endeavour, ICSB's involvement in the Engineering, Preparation, Removal, and Remediation (EPRR) Project reflects its broader mission to support Sabah's sustainable economic development. ICSB is focused on ensuring that national-level projects yield real benefits for local communities. This includes creating employment opportunities, facilitating knowledge and technology transfer, and upskilling local professionals and contractors. Yayasan Sabah Group has shaped Sabah's socioeconomic progress for decades. While widely recognised for its contributions to education and social development, its commercial and industrial ventures spearheaded through ICSB have positioned it as a pioneer, leader, innovator, and growth facilitator. Since its incorporation in 1988, ICSB has been the Group's principal investment vehicle, steadfast in its mission 'To Be the Investment Vehicle of Yayasan Sabah Group of Companies for a Better Future of Malaysians in Sabah.' Echoing the strategic optimism, Dr. Ts. Haji Muhtar, on the other hand, expressed his enthusiasm and highlighted the significance of the collaboration, especially in line with Malaysia's increasing emphasis on competitive oil and gas projects especially the responsible Engineering, Preparation, Removal, and Remediation (EPRR) services in decommissioning of offshore facilities. 'This collaboration is a testament to our shared vision of driving operational excellence while supporting Malaysia's energy transition agenda. As we formalise this tripartite agreement today, we do so not just with the intent to deliver projects, but with a shared commitment to excellence, integrity, talent growth, and sustainable development.' 'By combining the regional expertise of ICSB, the global capabilities of SINOPEC SLT, and EPIC Berhad's proven track in marine services and onshore disposals, we are assembling a capable and forward-looking team to meet the complex demands of offshore related projects and opportunities,' he remarked. Sharing the international perspective, SINOPEC's Vice President, Mr. Guo Zhong shared that the offshore platform decommissioning project represents an important undertaking in Malaysia's energy sector and serves as a benchmark for sustainable practices in the global energy transition. 'We are dedicated to leveraging our technical expertise and project management excellence to collaborate seamlessly with our Malaysian partners. Our commitment extends beyond project execution - we aim to ensure operational safety, efficiency, and environmental stewardship while fostering long-term sustainable development in the region.' 'By combining expertise, integrated resource management, and cutting-edge technologies, this collaboration exemplifies the core principles of 'mutual benefit and shared success. SINOPEC SLT is committed to delivering best-in-class services to local communities and the people of Malaysia,' he added. This joint venture marks a transformative milestone in Malaysia's offshore decommissioning landscape. With EPMS serving as the lead party and project coordinator, the consortium benefits from a well-defined structure and strong leadership. SINOPEC contributes specialised expertise in offshore lifting and transport logistics, backed by extensive international experience. Meanwhile, ICSB plays a strategic role by injecting local insight, fulfilling regulatory requirements, and ensuring direct economic benefits for the state of Sabah. Beyond forthcoming opportunities, the collaboration lays the groundwork for a long-term partnership focused on knowledge transfer, local content development, and innovation in marine engineering, commissioning and decommissioning services within Malaysia's offshore oil and gas sector. Through these efforts, the partnership will not only create lasting value for all stakeholders but also contribute significantly to the broader socioeconomic development of the region. By leveraging complementary strengths and shared value, the partnership embodies a unified commitment to excellence. Each party contributes unique expertise, whether in project coordination, technical execution, or regional insights, ensuring a comprehensive and integrated approach to the successful delivery of the EPRR project. With this strong foundation of collaboration, the consortium is well-positioned to deliver a project that meets Malaysia's decommissioning needs, drives regional development, and enhances Sabah's oil and gas capabilities. Together, this partnership aims to set new industry benchmarks through innovation, efficiency, and a steadfast focus on sustainability, thereby contributing meaningfully to the ongoing evolution of Malaysia's energy landscape. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * 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
