Latest news with #RM177
The Star
10-07-2025
- General
- The Star
RM177mil conservation initiative for Indo-Malaya forests unveiled
FILE PHOTO: A file photo of a tiger in the Royal Belum State Park in Perak. The Indo-Malaya forest, spanning from Bhutan to Papua New Guinea, is home to over 5,000 threatened species. PHNOM PENH: A global conservation agency announced a RM177 million (US$42 million) project to protect the Indo-Malaya forest, one of the world's last remaining major primary forest areas. The International Union for Conservation of Nature (IUCN) announced last month that the Indo-Malaya forest, spanning from Bhutan to Papua New Guinea, is home to over 5,000 threatened species. IUCN warned that about 60 per cent of the region's original vegetation has already been lost. The remaining primary forests are under pressure from unsustainable agriculture, logging and competing land use. The forest plays a crucial role for over 560 million people in the region, providing resources such as water regulation, carbon removal, timber and non-timber forest products, said IUCN in a statement. "The Global Environment Facility (GEF) funding is provided by participating donor countries and made available to developing countries and countries with economies in transition to meet the objectives of international environmental conventions and agreements,' Switzerland-based IUCN press office told Bernama. The IUCN announced the new initiative named the South-East Asia and the Pacific Forests Integrated Programme aimed at strengthening the health and connectivity of primary forests across the region. Launched at an inception workshop in Chiang Mai, Thailand, the programme seeks to tap biodiversity and climate benefits while ensuring the sustainability of local livelihoods. The IUCN and the Food and Agriculture Organisation of the United Nations (FAO) are the lead implementors of the project. "The Indo-Malayan forest biome is one of the world's most ancient and ecologically rich ecosystems - a living reservoir of biodiversity, culture and climate resilience. "With growing pressure on these forests, this new programme offers a timely and transformative opportunity to turn the tide,' said IUCN Director General Dr Grethel Aguilar. The project aims to improve the management of 3.2 million hectares of protected areas and over seven million hectares of landscapes, while also working to restore 8,500 hectares of degraded ecosystems and mitigate 34 million tonnes of greenhouse gas emissions. According to the IUCN, these efforts are expected to benefit nearly 20,000 people. "The primary forests of South-East Asia and the Pacific provide essential services to the whole region, especially rural communities who depend on forest resources for their livelihoods and food security. "This collaboration across countries and organisations will drive down the risks of biodiversity loss and climate change for better production, better nutrition, better environment and better life,' said FAO Assistant Director-General and Regional Representative for Asia and the Pacific Alue Dohong. - Bernama
Barnama
06-07-2025
- General
- Barnama
Safeguarding Indo-Malaya Forests: RM177 Million Conservation Initiative Unveiled
IndoMalaya is one of the world's major ecozones and home to 5,000 threatened species. (Photo credit: FAO) By Vijian Paramasivam PHNOM PENH, July 6 (Bernama) -- A global conservation agency announced a RM177 million (US$42 million) project to protect the Indo-Malaya forest, one of the world's last remaining major primary forest areas. The International Union for Conservation of Nature (IUCN) announced last month that the Indo-Malaya forest, spanning from Bhutan to Papua New Guinea, is home to over 5,000 threatened species. bootstrap slideshow IUCN warned that about 60 per cent of the region's original vegetation has already been lost. The remaining primary forests are under pressure from unsustainable agriculture, logging, and competing land use. The forest plays a crucial role for over 560 million people in the region, providing resources such as water regulation, carbon removal , timber and non-timber forest products, said IUCN in a statement. 'The Global Environment Facility (GEF) funding is provided by participating donor countries and made available to developing countries and countries with economies in transition to meet the objectives of international environmental conventions and agreements,' Switzerland-based IUCN press office told Bernama. The IUCN announced the new initiative named the Southeast Asia and the Pacific Forests Integrated Programme aimed at strengthening the health and connectivity of primary forests across the region. Launched at an inception workshop in Chiang Mai, Thailand, the programme seeks to tap the biodiversity and climate benefits while ensuring the sustainability of local livelihoods. The IUCN and the Food and Agriculture Organisation of the United Nations (FAO) are the lead implementors of the project.
New Straits Times
03-07-2025
- Business
- New Straits Times
MACC moves to forfeit RM170mil linked to Ismail Sabri
KOTA BARU: The Malaysian Anti-Corruption Commission (MACC) is expected to file a court application within the next two weeks to forfeit assets worth RM170 million allegedly linked to former prime minister Datuk Seri Ismail Sabri Yaakob. MACC Chief Commissioner Tan Sri Azam Baki said the assets, which have already been seized, would be forfeited to the government if the court rules in its favour. "In the near future, maybe within a week or two, we will file the application in court to forfeit the assets we have seized, worth about RM170 million. "That is the current decision by the Deputy Public Prosecutor," he said. Azam was speaking at a press conference after witnessing the handover of the Kelantan MACC director's post from Rosli Husain to newly-appointed Azmin Yusuff here today. Azam added that if Ismail Sabri chooses to contest the forfeiture, the case would proceed to trial. When asked whether any criminal charges would be filed against Ismail Sabri, Azam said that decision lies with the Attorney-General's Chambers. "We have completed our investigation and submitted the papers. It is now up to the DPP to decide whether there is a basis for criminal prosecution," he said. On June 25, it was reported that the MACC was planning to forfeit RM177 million in cash and assets linked to a probe into alleged corruption and money laundering involving Ismail Sabri. In March, the MACC seized about RM170 million in cash, held in various foreign currencies, along with 16kg of gold bullion worth around RM7 million, following investigations into alleged corruption and money laundering linked to the Bera member of parliament.
Business Times
26-06-2025
- Politics
- Business Times
Malaysian agency to forfeit RM177 million linked to ex-PM probe: report
[KUALA LUMPUR] The Malaysian Anti-Corruption Commission (MACC) plans to seek forfeiture of RM177 million (S$54 million) in assets and cash it seized in its probe into former prime minister Ismail Sabri Yaakob, the New Straits Times reported. The deputy public prosecutor will file for the forfeiture within two weeks, MACC chief commissioner Azam Baki was cited as saying on Wednesday (Jun 25). The probe focused on allegations of graft and money laundering related to funds used for publicity and promotion while Ismail was in office. Azam said the investigation has been completed. Ismail, 65, Malaysia's shortest-serving prime minister, held the post from August 2021 until dissolving Parliament in October 2022. He is a member of the United Malays National Organisation, part of the ruling coalition. Ismail is among a group of former prime ministers to be ensnared in the MACC's dragnet as Prime Minister Anwar Ibrahim seeks to clamp down on corruption. Ismail's direct predecessor, Muhyiddin Yassin, is facing graft charges in court, while Najib Razak, another former premier, is in prison for crimes related to the state investment fund 1MDB. Malaysia's former two-time prime minister, Mahathir Mohamad, is under a separate investigation. BLOOMBERG
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New Straits Times
25-06-2025
- Politics
- New Straits Times
News@9: Today's top headlines - June 25, 2025 [WATCH]
Here are today's top stories. Acquittal Court of Appeal clears Syed Saddiq of all corruption charges, overturning his sentence and restoring his political reputation. In Tears An emotional Bella Astillah avoids comment on rumours of romance after attending Syed Saddiq's corruption acquittal. UK enforces asset freeze on £132 million in assets linked to the wife of Tun Daim Zainuddin, following MACC's request. MACC moves to forfeit RM177 million in seized assets linked to a probe involving ex-PM Datuk Seri Ismail Sabri Yaakob. That's all for News@9.
