
Jail and fine now for illegal carbon projects
Published on: Friday, May 23, 2025
Published on: Fri, May 23, 2025
By: David Thien Text Size: Application would go through the Sabah Forestry Department's Chief Conservator of Forest prior to submission for approval by the Sabah Cabinet. - FMT pic PENAMPANG: The Sabah Government is now focused on carbon trading, but not yet on the natural capital beneficial aspect, said Deputy Chief Minister Datuk Seri Dr Jeffrey Kitingan. Some clarity has emerged from the recent State Legislative Assembly session as it was stated that all carbon trading activities in Sabah now require mandatory licensing, following amendments to the Forest Enactment 1968 to regulate such activities. Now, anyone carrying out carbon projects in Sabah without a licence can be fined between RM100,000 and RM5 million and jailed up to five years, or both. Offenders can be ordered to pay up to 10 times the amount of fees or royalties owed, or up to 10 times the value of any forest produce involved, or any other charges due. The amendment on Part IIIB of the Forest Carbon Activity outlines that only those with written approval from the Sabah Cabinet can receive a licence, which will come with certain conditions and fees. Subscribe or LOG IN to access this article.
Support Independant Journalism
Subscribe to Daily Express Malaysia Access to DE E-Paper
Access to DE E-Paper Exclusive News
Exclusive News Invites to special events
Invites to special events Giveaways & Rewards
1-Year Most Popular
(Income Tax Deductible) Explore Plans
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
30 minutes ago
- Daily Express
Sabah China Chamber of Commerce re-elects Frankie for third term
Published on: Wednesday, June 04, 2025 Published on: Wed, Jun 04, 2025 Text Size: Frankie Liew Kota Kinabalu: The Sabah China Chamber of Commerce (SCCC) reaffirmed its confidence in Datuk Frankie Liew, re-electing him as President for a third consecutive term during its Annual General Meeting (AGM), recently. Held at the Sabah Golf and Country Club in Bukit Padang, the session saw strong participation, with 78 members in attendance. A total of 29 committee members were elected unopposed for the 2025–2028 term, reflecting unity and trust within the Chamber. The new committee will convene within two weeks to finalise leadership roles in accordance with SCCC's constitution. 'I am humbled by our members' trust. We will continue strengthening Sabah's economic ties, both regionally and globally,' said Frankie, expressing gratitude for the renewed mandate. Key leaders, including Brett Chua, Datuk Jonathan Koh and Datuk Simon Teoh, were among the newly elected committee members. In a major development, SCCC confirmed a business delegation to Zhengzhou, China, from Sept 24–28, for the International Business and Trade Expo. The mission aims to showcase Sabah's potential in agriculture, tourism, logistics, halal products and green technology while facilitating partnerships through MoUs and networking sessions. The AGM concluded on an optimistic note, signalling SCCC's commitment to driving business growth and international collaboration under Frankie's leadership. * 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
Ringgit strengthens against greenback as Trump administration pushes disruptive trade policies
Published on: Wednesday, June 04, 2025 Published on: Wed, Jun 04, 2025 By: Bernama Text Size: At 8 am, the local note inched higher to 4.2370/2640 versus the greenback from Tuesday's close of 4.2425/2485. Kuala Lumpur: The ringgit continued to strengthen against the US dollar on Wednesday, as the US economy is perceived as fragile amid the Trump administration's continued push for disruptive trade policies. At 8 am, the local note inched higher to 4.2370/2640 versus the greenback from Tuesday's close of 4.2425/2485. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to remain strong as the US economy is still seen as fragile, according to survey data such as the US Institute for Supply Management (ISM) Index and Consumer Sentiment Index. 'The data indicates business and consumers have become more cautious in their spending going forward as the Trump administration pushes forward their agenda on trade policies that are hostile and disruptive to global supply chains,' he told Bernama. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, Mohd Sedek Jantan, said the US dollar index (DXY) climbed to 99.2 from 98.9. 'Improved US labour data is lending support to the greenback. Job openings rose to 7.4 million in April, exceeding forecasts of 7.1 million. 'Wage growth is expected to continue outstripping inflation on average, which should underpin consumer spending and broader economic momentum,' he said. Mohd Sedek said greater clarity on the US labour market will come with Friday's nonfarm payrolls report. At the opening, the ringgit traded higher against a basket of major currencies. It rose against the Japanese yen to 2.9456/9646 from Tuesday's close of 2.9695/9739, climbed vis-à-vis the euro to 4.8234/8541 from 4.8415/8484, and inched up against the British pound to 5.7331/7696 from 5.7337/7418 previously. Against its ASEAN peers, the ringgit rose against the Singapore dollar to 3.2868/3082 from 3.2967/3016 on Tuesday's close and improved vis-à-vis the Thai baht to 12.9786/13.0777 from 13.0334/0603 previously. It was slightly higher versus the Indonesian rupiah, at 259.7/261.5, compared to 260.1/260.6 on yesterday's close, and gained against the Philippine peso to 7.60/7.66 from 7.61/7.63 previously. * 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


The Sun
2 hours ago
- The Sun
Malaysia-UK joint committee to boost franchise ecosystem
LONDON: A joint committee between Malaysian and United Kingdom (UK) franchise business associations will be established to strengthen Malaysia's franchise ecosystem in the UK, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. The Rural and Regional Development Minister said the initiative would serve as a support platform to help Malaysian franchise brands penetrate the UK market by next year. 'There are plenty of opportunities for Malaysian companies to expand their franchise businesses in the UK, especially in halal-related sectors such as food, traditional medicine and cosmetics. 'I will chair the Cabinet committee on franchises. I will obtain reports on the progress that can be made promptly, and I will review the achievements every six months when I chair this Cabinet committee twice a year,' he told a press conference here Tuesday. Earlier, he attended the Malaysia-UK Franchise Business Dialogue, held in conjunction with his four-day working visit to the UK. Ahmad Zahid added that Malaysia is also committed to supporting the franchise ecosystem through financing policies by the Majlis Amanah Rakyat (MARA) and digital grants from the Malaysia Digital Economy Corporation (MDEC), with the aim of achieving RM100 billion in sales by 2030. He said closer cooperation would be pursued to encourage UK franchises to explore the ASEAN market via Malaysia, while at the same time promoting the expansion of Malaysian brands into the UK market through the proposed committee.