Blue carbon initiative to fight poverty
Published on: Saturday, May 03, 2025
Published on: Sat, May 03, 2025
By: Nikko Fabian Text Size: Raymond sharply criticized the ineffectiveness of current government cash handout programmes, arguing they fail to address root causes and create dependency rather than empowerment. Kota Kinabalu: A groundbreaking initiative spearheaded by the Bimp-Eaga Business Council (Sabah) aims to tackle poverty and environmental degradation in northern Sabah's Kota Marudu and Pitas districts. BEBC chairman Dr Raymond Alfred unveiled a comprehensive blue carbon programme designed to integrate mangrove conservation, sustainable fishing practices, and solar energy deployment, creating a climate-smart model for economic development. He highlighted the critical need for collaboration between large-scale plantation companies and local communities, emphasizing that the current economic situation, with households earning only RM500-RM700 monthly, constitutes a structural crisis demanding systemic solutions. Raymond sharply criticized the ineffectiveness of current government cash handout programmes, arguing they fail to address root causes and create dependency rather than empowerment. 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
BusinessToday
5 hours ago
- BusinessToday
MOF Postpones e-Invoice For Businesses Below RM5 Million To Jan 1, 2026
The government has announced the rescheduling of its e-invoicing implementation for businesses with annual income below RM5 million, stating that it acknowledges the need for sufficient preparation time and other constraints faced by taxpayers, particularly Micro, Small, and Medium Enterprises (MSMEs). The Ministry of Finance has decided that taxpayers with annual income or sales below RM500,000 are currently exempted from e-invoicing implementation. The e-invoicing implementation by phase for taxpayers with annual income or sales exceeding RM1 million up to RM5 million is postponed to January 1, 2026. The e-invoicing implementation phase for taxpayers with annual income or sales up to RM1 million is postponed to July 1, 2026 Related
The Star
8 hours ago
- The Star
E-invoicing deadlines for businesses with revenue below RM5mil revised, says LHDN
KUALA LUMPUR: The Inland Revenue Board (LHDN) on Thursday (June 5) announced that the implementation phase for e-invoices for taxpayers with annual income or sales exceeding RM1mil but not exceeding RM5mil has been postponed to Jan 1, 2026. In a statement, LHDN also announced that taxpayers with an annual income or sales below RM500,000 are exempted from the implementation of the e-Invoice system. "The implementation phase for taxpayers with annual income or sales up to RM1mil has been postponed to July 1, 2026," LHDN said. The board added that the decision was made after the government recognised the commitments of taxpayers, particularly Micro, Small, and Medium Enterprises (MSMEs), in meeting e-invoice legal requirements, which necessitate adequate preparation time and face numerous implementation challenges. The statement said that, in line with this decision, a new timeline for the e-invoice implementation phases has been established with Phase 3 targeting taxpayers with annual income or sales exceeding RM5mil but not exceeding RM25mil coming into effect on July 1, 2025. LHDN noted that Phase 4 will involve taxpayers with annual incomes or sales exceeding RM1mil up to RM5mil and will begin on Jan 1, 2026 while Phase 5 will cover the income group of up to RM1mil and will commence on July 1, 2026. The previously announced six-month grace period will also apply to these new phases, the agency said. It stressed that during this period, taxpayers will be permitted to issue consolidated e-invoices for all transactions, including self-billed e-invoices. Necessary details, it said, can be included in the "Product or Service Description" field. "If there is a request for an e-Invoice from the buyer, the seller is also allowed to issue only a consolidated e-Invoice without issuing one for each transaction," the statement said. LHDN also said that during this grace period, no prosecution will be initiated under Section 120 of the Income Tax Act 1967 for non-compliance with e-Invoice regulations, provided taxpayers adhere to the consolidated e-Invoice requirements. "Furthermore, starting Jan 1, 2026, taxpayers involved in e-Invoice implementation must issue an e-Invoice for every sale of goods or provision of services exceeding RM10,000, and consolidated e-Invoicing will no longer be permitted," the statement added. For any inquiries regarding the system's implementation, the public may contact LHDN offices, the e-Invoice Help Desk at 03-8682 8000, MyInvois Live Chat, email myinvois@ or submit a query through the MyInvois Customer Feedback Form at - Bernama
Barnama
8 hours ago
- Barnama
e-Invoice Implementation For Revenue Below RM5 Mln Deferred To Jan 1, 2026
KUALA LUMPUR, June 5 (Bernama) -- The Inland Revenue Board (LHDN) today announced that the implementation phase for e-invoices for taxpayers with annual income or sales exceeding RM1 million but not exceeding RM5 million has been postponed to Jan 1, 2026. In a statement here, LHDN also announced that taxpayers with an annual income or sales below RM500,000 are exempted from the implementation of the e-Invoice system. "The implementation phase for taxpayers with annual income or sales up to RM1 million has been postponed to July 1, 2026," LHDN said. The board added that the decision was made after the government recognised the commitments of taxpayers, particularly Micro, Small, and Medium Enterprises (MSMEs), in meeting e-invoice legal requirements, which necessitate adequate preparation time and face numerous implementation challenges. The statement said that, in line with this decision, a new timeline for the e-invoice implementation phases has been established with Phase 3 targeting taxpayers with annual income or sales exceeding RM5 million but not exceeding RM25 million coming into effect on July 1, 2025. LHDN noted that Phase 4 will involve taxpayers with annual incomes or sales exceeding RM1 million up to RM5 million and will begin on Jan 1, 2026 while Phase 5 will cover the income group of up to RM1 million and will commence on July 1, 2026. The previously announced six-month grace period will also apply to these new phases, the agency said. It stressed that during this period, taxpayers will be permitted to issue consolidated e-invoices for all transactions, including self-billed e-invoices. Necessary details, it said, can be included in the 'Product or Service Description' field.
