Over 60,000 Sabah-Labuan Users to Enjoy More Stable Electricity
Over 60,000 Sabah-Labuan Users to Enjoy More Stable Electricity
Over 60000 electricity users in Sabah and Labuan will benefit from improved power stability and efficiency, following PETRA's ...
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Borneo Post
7 hours ago
- Borneo Post
Sabah, China explore medicinal herb development
Frankie (eighth from right), Clarence (ninth from right) and the visiting delegation at Firewood Protected Forest in Kampung Sugud, Penampang. KOTA KINABALU (Aug 7): Sabah-China Chamber of Commerce president Datuk Frankie Liew and two China entrepreneurs, Yang Bin and Hou Guoqiang, visited the Firewood Protected Forest in Kampung Sugud, Penampang on Wednesday to conduct an on-site inspection and discuss the potential for developing traditional China medicinal herbs in the area. Liew arranged for the China investment delegation to visit Sabah for an on-site exploration of collaborative development in traditional herbal medicine, upon the invitation of Datuk Seri Panglima Clarence Bongkos Malakun JP, chairman of the ITCC Shopping Mall in Penampang. Clarence and his wife, Datin Seri Panglima Sylvia Wong Malakun, welcomed Liew and his delegation at the Firewood Protected Forest site at 9am, before proceeding with a field inspection. Clarence stated that the protected forest area covers approximately 1,000 acres and is suitable for the cultivation and development of medicinal herbs. According to studies, over 300 types of medicinal herbs have already been identified in the area, including local varieties of ginseng and other herbal plants. Based on available data, the primary forest type in the Sugud Firewood Protected Area is the Lowland Mixed Dipterocarp Forest (LMDF), characterized by a rich variety of plant species. These include genera such as Shorea, Dryobalanops, Dipterocarpus, Anisoptera, Syzygium, Koompassia, Tetracera and Hopea. This type of forest is home to many tree species of significant economic value, such as Seraya/Meranti (Shorea spp.), Kapur (Dryobalanops spp.), Keruing (Dipterocarpus spp.), and Mersawa/Pengiran (Anisoptera spp.), which are highly prized for their valuable timber. The potential for medicinal plant resources in the Sugud Firewood Protected Area is currently under preliminary study. The aim is to fully document the current status, distribution, diversity and efficacy of the medicinal plants within the reserve. In addition to traditional knowledge passed down through generations before the advent of modern medicine, Sabah and Malaysia as a whole have undertaken extensive research to explore the applications of traditional medicine, especially herbal remedies. Although a significant amount of data has been collected, it remains incomplete and lacks an accessible, comprehensive compilation of results. Forests are a vital reservoir of medicinal compounds, offering a rich and diverse array of natural substances with potential applications in pharmaceuticals and health supplements. It is noteworthy that around 25% of modern Western medicines are derived from rainforest plants. Given that less than 5% of tropical forest plant species have been studied for their potential medicinal value, this statistic highlights the immense untapped potential. Both lowland and montane mixed Dipterocarp forests — of which the Sugud Firewood Protected Area is an example of the latter — are prime habitats for a wide range of recognized medicinal plants and herbs. Yang Bin, director of the Foshan Liaison Office of the Sabah-China Chamber of Commerce, stated in an interview that this is his fifth visit to Sabah and emphasized that Sabah has great development potential. Yang Bin, who is also president of Foshan Meichenhui Cultural Arts Co., Ltd., said that many enterprises in Foshan, China are keen to expand overseas, and Sabah is their top choice. He added that China herbal medicine has strong development potential, noting that China has a long-standing history in traditional medicine. With the China government actively supporting the development of traditional medicine enterprises, he and his associates will explore opportunities to develop China herbal medicine in Sabah upon returning to China. Meanwhile, Hou Guoqiang, president of Foshan Juanqiang Steel Structure Engineering Co., Ltd., noted in an interview that steel materials have strong potential for development in Sabah, especially in the construction of factories, roads and bridges. He emphasized that their technical capabilities are a key strength.
Barnama
12 hours ago
- Barnama
Malaysia Expected To Attract RM637 Bln Investments In RE, Green Technology By 2050
BUSINESS KUALA LUMPUR, Aug 7 (Bernama) -- Malaysia is expected to attract direct investments of about RM637 billion in renewable energy (RE) and green technology, in addition to creating 310,000 job opportunities by 2050, according to the Ministry of Energy Transition and Water Transformation (PETRA). Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof said the government has also set the local ownership equity in all RE projects introduced and implemented to be at least 51 per cent. He said this is to ensure that highly skilled job opportunities and technology transfer to local workers are carried out. 'This includes the implementation of the Large-Scale Solar Programme, Feed-in Tariff Programme, Corporate Renewable Energy Supply Scheme (CRESS) Programme and the Community Renewable Energy Aggregation Mechanism (CREAM) Programme,' he said in a written reply to a question from Datuk Abdul Khalib Abdullah (Rompin-PN) in Dewan Rakyat. Abdul Khalib wanted to know the ministry's plans to attract foreign direct investment in the green technology and circular economy sectors related to energy and water, as well as the expected impact on the creation of highly skilled job opportunities and technology transfer to the local workforce. Fadillah said the government would focus efforts on strengthening existing RE initiatives to provide certainty, incentives and wider green electricity supply options to industry players so that it would be an attractive factor for investors to invest in the country's RE industry value chain. He said that among the efforts that would be continued included strengthening the implementation of the Large-Scale Solar Programme as one of the main solar generation programmes to attract investments in the RE sector with minimal tariff increase implications for electricity consumers. 'The government will also continue to implement the feed-in tariff mechanism and the Low Carbon Energy Generation Programme as a specific programme to attract investments in the field of generation from non-solar sources. 'The ministry will streamline the implementation of CRESS to enable companies investing in the country to obtain green electricity supplies from selected RE generators directly, in addition to utility companies to fulfill environmental, social and governance commitments as well as continue to provide tax incentives, Green Investment Tax Allowance and Green Income Tax Exemption,' he added.
The Sun
12 hours ago
- The Sun
Malaysia to draw RM637bn green investments by 2050
KUALA LUMPUR: Malaysia is projected to secure RM637 billion in direct investments for renewable energy and green technology by 2050. The Ministry of Energy Transition and Water Transformation (PETRA) estimates this will generate 310,000 new job opportunities. Deputy Prime Minister Datuk Seri Fadillah Yusof stated that a minimum 51% local ownership equity will be enforced for all RE projects. This policy ensures high-skilled job creation and technology transfer to Malaysian workers. Key initiatives include the Large-Scale Solar Programme and Feed-in Tariff Programme. Fadillah highlighted these measures in a parliamentary reply to Datuk Abdul Khalib Abdullah's query on green investment strategies. The government aims to enhance investor confidence through stable incentives and expanded green energy supply options. The Large-Scale Solar Programme remains central to attracting RE investments with minimal tariff hikes for consumers. Non-solar energy projects will benefit from the Low Carbon Energy Generation Programme. The Corporate Renewable Energy Supply Scheme (CRESS) will be streamlined for direct green power procurement by businesses. Tax incentives like Green Investment Tax Allowance will further boost investor interest. - Bernama
