Wednesday, June 2, 2021

Reuters

Goldman Sachs to pay $3.9 bln to Malaysia to settle 1MDB dispute

BY ROZANNA LATIFF AND JOSEPH SIPALAN KUALA LUMPUR: U.S. investment bank Goldman Sachs has reached a $3.9 billion settlement with the Malaysian government over the multibillion-dollar 1MDB scandal, the two sides said on Friday. The deal includes a $2.5 billion cash...

Japan economy to fall at record pace

TOKYO: Japan's economy will shrink at the fastest pace in decades in the year through March 2021, forcing the government to compile another stimulus package to cushion the blow from the coronavirus pandemic, a Reuters poll showed on Friday. Many...

Petronas chief quits

BY A. ANANTHALAKSHMI, JOSEPH SIPALAN &  KRISHNA N. DAS KUALA LUMPUR: The chief of Petronas quit this month after disagreement with the prime minister over giving more oil money to one of the country’s states, sources close to the government...

Capital flight on hold

Jakarta shifts budget to fight pandemic JAKARTA: Indonesia's investment on a mega project to relocate its capital city has been put on hold. The country is shifting focus to spend on containing the coronavirus outbreak, but may resume next year, Finance...

Britain’s Prince Charles tests positive for coronavirus

PRINCE Charles, the heir to the British throne, has tested positive for coronavirus, his household said. Charles, eldest son of Queen Elizabeth, is 71 years old. "The Prince of Wales has tested positive for Coronavirus," Clarence House said in a statement. "He has been displaying...

Australia begins Covid-19 lockdown which ‘could last six months’

SYDNEY: Australia started shutting down pubs, clubs, gyms and houses of worship on Monday after a jump in Covid-19 coronavirus cases and after thousands disregarded social distancing advice and crowded beaches, bars and restaurants. After an initial slow rate of infection, the number of...

How Mahathir lost the plot

By A. ANANTHALAKSHMI, LIZ LEE & KRISHNA DAS In May 2018, Tun Dr Mahathir Mohamad was in the grand ballroom of a Sheraton hotel near Kuala Lumpur, jubilantly announcing his return as prime minister after defeating an alliance that had run the...

Mahathir proposes ‘grand coalition’ government

KUALA LUMPUR: Interim Prime Minister Tun Dr Mahathir Mohammed is trying to form a national unity government under his personal authority, drawing together rival parties, political sources said yesterday, following his shock resignation as prime minister. The world's oldest government leader at 94, Dr...

Residents allowed brief visit amid eruption

AGONCILLO (Philippines): Thousands of residents under orders to evacuate from a town near the Philippine volcano Taal were allowed to briefly visit homes yesterday to rescue their animals and recover some possessions, taking advantage of what appeared to be...

Philippine volcano shows signs of calming

MANILA: A Philippine volcano that has been spewing ash for days appeared to be calming down yesterday, but seismologists said the danger of an eruption remained high and authorities warned evacuees not to return to their homes. Some residents...

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No truth to BMF’s allegations, says Samling

KUCHING: Samling Group has clarified that the allegations contained in a post published on the Bruno Manser Fonds (BMF) on May 20 are false and lack any shred of credibility or truth.  The post by BMF contained allegations made against Samling Group in relation to the Gerenai and Ravenscourt Forest Management Units (FMUs), calling into question the certification of the two FMUs by the Malaysian Timber Certification Council (MTCC) and alleging ‘many discrepancies between the certification requirements and its implementation’. “The allegations have not only tarnished unfairly Samling’s image but have also brought into serious question the good reputations of both MTCC and of the certifying body, SIRIM QAS International Sdn Bhd.  “Additionally, the allegations belittle the value of forest management certification and the integrity of the Programme for the Endorsement of Forest Certification (PEFC),” said Samling in a statement today (June 2).  It said the allegations made in the post by BMF and Borneo Project (BP) had been repeated despite due clarification published by MTCC itself on Aug 13 last year, whereby MTCC clarified that Samling had indeed satisfactorily fulfilled all the requisite certification requirements. The company also clarified that the certification process for the Gerenai and Ravenscourt FMUs was done in accordance with all requirements of the Malaysian Timber Certification Scheme’s Malaysian Criteria & Indicators, which have been endorsed by the PEFC, and are therefore compliant with international certification standards. “Part of this certification process involves the submission of third-party Economic Impact Assessment (EIA) and Social Impact Assessment (SIA) reports – both of which were duly complied with by Samling.  “The scope the EIA report is under the purview of the Natural Resources and Environment Board (NREB) of Sarawak and not Samling. It is a requirement of NREB that part of the EIA report must be put up for public display in the FMUs’ offices,” said Samling. The findings of the SIA are communicated to the communities – usually by the consultant responsible for the assessment – either by a visit to an individual community or at a meeting held for a group of communities, it said. “Contrary to what was alleged in the BMF post, Samling has not received any formal request to share either the EIA report or the SIA report. Thus, to allege that Samling has refused to release these reports is totally untrue, and to say they were not made available to the communities is also incorrect.  “This practice of lobbing baseless accusation after baseless accusation without any regard for truth or fact is a practice that is unfortunate,” the company said.  It stressed that publishing groundless accusations based on false information does little good for the communities these non-governmental organisations (NGOs) purport to support, and can in fact cause damage to the processes that have been put in place by Samling for the upliftment of the communities involved. Samling said it valued constructive engagement with the communities and had carried out numerous community engagements on its own initiative, which have already been reported by the media. “Samling’s own internal standard operating procedures involve direct and comprehensive engagement between the Group’s liaison officers and the local communities to ensure there is full understanding and agreement of any proposed harvesting activity in areas that lie close to or overlap with community lands recognised under the law.  “This is done before the start of any harvesting operations and holds true also for the Gerenai and Ravenscourt FMUs.” Samling said it understood and respected the community’s dependence on forest produce and had neither denied the importance of the forest to their livelihood nor wilfully caused damage to forests that are used by the communities as food sources. “At the same time, Samling also believes in the empowerment of local communities so that they can discern for themselves their rights and the responsibilities of the Samling Group, and engage directly with Group instead of through NGOs who claim to speak for the communities,” it said.  To help achieve this, Samling has embarked on numerous community projects aimed not only at the economic uplifting of the communities but more importantly at the educational uplifting of their children and future generations. These projects include roads, bridges, schools, as well as medical assistance particularly Covid-19 related medical support, testing, and other equipment and facilities. The company has been present in rural Sarawak for many decades and has been a key partner of the state government in providing roads, education, and healthcare facilities to these areas. “Samling will always maintain its integrity as a responsible corporate citizen by adhering to all the relevant laws and regulations that have been imposed by the state and federal authorities.  “Samling accepts fair criticism and scrutiny as part and parcel of the corporate world but it will not accept baseless and false accusations hurled against the Group and will continue to speak up to defend its reputation and name,” the company said.
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