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China keen to invest in Sabah's palm oil industry

SBFNews

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China keen to invest in Sabah's palm oil industry
www.thestar.com.my
1611088.jpg
KOTA KINABALU: China is keen to explore investment opportunities in Sabah's palm oil industry.

This is among the areas the Chinese government is interested to tap into, Chinese Foreign Minister Wang Yi told Sabah Deputy Chief Minister Datuk Seri Dr Jeffrey Kitingan in a meeting here on Saturday (June 4).

The two leaders discussed potential bilateral trade ties and potential investments into the Bornean state as China and Sabah agreed to forge closer economic and cultural links.

They also covered issues on technology transfers in various fields particularly in the agriculture and fisheries industries.

Kitingan, who is also State Fisheries and Agriculture Minister, told Wang of the Sabah government's plans to reduce poverty in the rural areas in the state, which includes building more infrastructure, particularly telecommunications, to accelerate the growth of Sabah's digital economy.

Thanking Wang for choosing Sabah for his stopover, he also offered to welcome more Chinese tourists to come to the Land Below the Wind.

In response, Wang said that the Chinese government was always open to cooperation with its neighbours and that the Chinese and Sabah governments have enjoyed cordial and amicable relations for many years.

In terms of infrastructure development, he stated that China is willing to support any project that benefits both countries and contributes to the realisation of Sabah's dreams and aspirations.

Both parties agreed to develop a new road map to structure a new bilateral agenda with the goal of strengthening economic and cultural ties and contributing to peace and security in Sabah.

"It was a warm and constructive conversation and I am pleased with the respectful manner in which the discussion took place," Kitingan said in a statement here on Saturday.

"I am excited at the many possibilities where China could help propel Sabah into the future and I look forward to a more in-depth discussion with the Chinese government soon."
 

syed putra

Alfrescian
Loyal
Too late.
The very person Wang Yi spoke to in the picture, sold the jungle rights to a sinkie company. As a carbon capture businesses. Entire jungle of sabah now under the managemrnt of this compsny.

Having said thst, pslm oil output in higher per acre in sabah than anywhere else probably due to suitable climate and soil.

Sabah and sarawak should offer china tourist visa free visits it they are smart. Tourism dropped sfter najib imposed visa requirement which his deputy then made money out of it.
Asia

Sabah 100-year carbon trading deal: Controversy as indigenous communities bemoan lack of consultation, details​

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Asia

Sabah 100-year carbon trading deal: Controversy as indigenous communities bemoan lack of consultation, details​

Putrajaya says the state government should have consulted the national authority while Sabah’s attorney-general has called the agreement “legally impotent”.
Sabah 100-year carbon trading deal: Controversy as indigenous communities bemoan lack of consultation, details

A view of Sabah's Crocker Range. (Photo: CNA/Vincent Tan)

15 Mar 2022 06:11AM (Updated: 15 Mar 2022 06:11AM)
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KOTA KINABALU: The road to Kampung Buayan in Ulu Papar on Sabah’s west coast changes from asphalt to gravel, and then just red earth which turns almost muddy instantly after a short spell of rain.
Even with an off-road vehicle, it is still necessary to break out the shovel or slowly winch the car out from the m&d when it is stuck.

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Residents of Kampung Buayan and the surrounding villages live on the fringe of the Crocker Range National Park, just 40km south-west of Kota Kinabalu, where they plant hill paddy and other crops for subsistence.
A number of them also venture into a nearby forest regularly to obtain forest products including food, traditional herbs and firewood for their personal use.
News of the Nature Conservation Agreement (NCA), a carbon trading deal signed in late October last year, has such indigenous communities concerned.
The NCA, an agreement signed between the Sabah state government and a Singapore-registered company named Hoch Standard Pte Ltd, is a profit-sharing agreement based on carbon trading and monetising other non-carbon and natural capital from 2 million ha of Sabah’s forest reserves designated under the NCA.
Carbon trading involves the buying and selling of carbon credits, which would permit companies and other organisations to emit carbon dioxide or other greenhouse gases. The aim of the market-based system is to reduce emissions that contribute to global warming.
 

blackmondy

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Asset
Fuck CCPee. It's using this opportunity to build a military naval base to widen its influenece in the south china sea.
 

winners

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Sabah is totally nuts. Why want to share your valuable resources when you can have the whole cake for yourself?
 

syed putra

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Fuck CCPee. It's using this opportunity to build a military naval base to widen its influenece in the south china sea.
Under najib, CCPee was already using sabah submarine base.
RMN submarine scorpene docked next to CCPee.
India not very pleased as they too uses Scorpene.
 
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