Illogical For Sabah Foundation’s Timber Sector To Incur Huge Losses

Chan showing copies of Companies Commission of Malaysia records on RBJ
Chan Foong Hin showing copies of Companies Commission of Malaysia records on RBJ.

BY BORNEOTODAY TEAM 
TAWAU – The huge losses incurred by Rakyat Berjaya Sdn Bhd, a subsidiary of Sabah Foundation is illogical and has aroused the curiousity of DAP lawmaker, Chan Foong Hin, since he says the company was given the mandate to manage the forestry concession area.

“I was told by insiders that RBJ has been losing heavily since several years of late with the reason that the supply of forest resources have decreased,” Chan said in a statement Friday.

“This has been shown that Sabah Foundation has failed in its role in managing forests in a sustainable manner that should be able to maintain a continuous source of wood without compromising the aspects of environmental and social.”

Chan provided information which he said he sourced from the Companies Commission of Malaysia (SSM), indicating that RBJ incurred an RM81 million loss after taxation in 2015.

An aerial photograph of selected logging in one part of Sabah, which experts say, does more damage to the environment.
An aerial photograph of selected logging in one part of Sabah, which experts say, does more damage to the environment.

“SSM records proves that RBJ is in-charge of Sabah Foundation’s concession and logging operations but it failed in its function as a commercial vehicle for the trust of the people of this state,” said Chan who is also Sri Tanjong Assemblyman.

He claimed that as a result of the prolonged losses suffered by RBJ, Sabah Foundation is once again offering a Mutual Separation Scheme (MSS) to RBJ staff which is expected to be implemented at the end of the year.

Chan said he was calling in the Malaysian Anti-Corruption Commission (MACC) and the National Audit Department to investigate the cause of this severe Yayasan Sabah losses.

Chan, who is also DAP Sabah secretary questioned why RBJ, as Sabah Foundation’s subsidray, should take care of an extensive forest area, but suffer severe losses years in a row, while the contractor that does the (log extraction) job for RBJ can profit every year.

A logging operation in Sabah's interior in this photo taken off the internet.
A logging operation in Sabah’s interior in this photo taken off the internet.

“Are RBJ and Sabah Foundation led by inefficient management? What are the weaknesses? The people deserve to know the truth,” he stressed.

Following the two incidents of mysterious elephant deaths in the RBJ concession areas, it also shows that the company is increasingly less efficient and less proficient in carrying out its duties, particularly in ensuring the condition of the forest, wildlife and environmental components.