ban the export of logs was to ensure there was a sufficient supply of material for local factories which will in turn ensure there are job opportunities for Sabah’s youths. ...Aiyooo no need create panic sell nia

KOTA KINABALU, May 23 — Chief Minister Datuk Seri Shafie Apdal today announced that the export of logs from Sabah will be banned effective immediately until further instructions are issued by the state government.

Shafie said the drastic move to ban the export of logs was to ensure there was a sufficient supply of material for local factories which will in turn ensure there are job opportunities for Sabah’s youths.

“The ban will be effective immediately. I will inform the forestry department and other authorities today that it is banned until further instructions.

“This is just a temporary measure,” he said, after attending a briefing at Yayasan Sabah this morning.

In an immediate reaction, Sabah Forestry Department director Datuk Sam Mannan said he was informed of the ban and would issue the instructions.

He said Sabah exports between 200,000 to 300,000 tonnes of logs to countries including China, Japan, Philippines and India annually.

Sabah’s timber trade has been on the decline due to various conservation activities carried out and the declining log supply from the natural forest will also be reflected in the total timber export contribution to the state and national economies.

Mannan had said that in 2012 the export value stood at RM2.14 billion and RM2.05 billion in 2013 respectively. In terms of the overall exports of timber products, only garden furniture showed a marked increase from RM18.5 million in 2012 to RM47.13 million in 2013.

Meanwhile, Shafie also announced intentions to revamp Yayasan Sabah, also known as the Sabah Foundation, and reviving its original objectives of assisting in providing scholarships and education aid to Sabahans.

He said that the foundation ought to reduce their ventures into grey areas such as profit-orientated businesses, and should instead leverage its landbank, timber sources and palm oil for the better results and not just for business.

Shafie, who is Parti Warisan Sabah president, had previously accused Yayasan Sabah of diverting from its original objective and straying into commercial businesses such as the setting up a joint venture to build the Sabah International Convention Centre using its own landbank.

When asked about allegations by other state leaders who accused him of selling Yayasan Sabah in the past, Shafie denied the claims.

“But I will investigate where the lands allegedly meant to be sold are now and who manages the lands,” he said

Where got government so stupid stop export of timber?

Any news from result of renegotiate between Eduspec and Robomatter Inc?

Not bad move ....since education still need to improve it...won’t so much different

https://www.thestar.com.my/news/nation/2018/05/17/new-cabinet-dr-m-to-be-education-minister/

longtermvaluegain Tun Ma 当教育部长更加好。< 刚宣布Tun Ma兼任教育部长

Parking here waiting quarterly result

Parking here waiting for quarterly result

Agree with Halite +1... now waiting for March 18 Quarterly report

Read this
http://www.theedgemarkets.com/article/umwog-optimistic-turning-around-year

https://www.thestar.com.my/business/business-news/2018/05/02/sumatec-down-30pc-after-auditors-disclaimer-of-opinion/

To BN_menang. i didn't buy buy from Mokhzani at 1.4...

Later EPF disposed more drop more...LOL