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Sarawak Energy’s RM30b loan stumps DAP
Joseph Tawie | July 18, 2012 Who approved RM30 billion loan for Sarawak Energy Bhd which recorded an annual after tax profit of only RM330 million? KUCHING: How did Sarawak Energy Bhd (SEB) manage to secure a RM30 billion loan when its annual after tax profits amounted to only RM330 million? Is it because SEB or Sarawak Electricity Supply Corporation (Sesco) is a state government- owned company? Read more at: http://www.freemalaysiatoday.com/category/nation/2012/07/18/sarawak-energys-rm30b-loan-stumps-dap/
Sarawak’s natives demand the pull out of German Fichtner GmbH & Co. KG from controversial dam project in Malaysia
BRUNO MANSER FUND, BASEL, SWITZERLAND 19th June 2012 – for immediate release (BARAM, MALAYSIA / STUTTGART, GERMANY) The consultancy company Fichtner GmbH & Co. KG from Stuttgart has come under international pressure due to their involvement in a controversial dam project in the rainforest of Borneo. In a letter addressed to the company’s founder and chairperson Georg Fichtner, natives from the rainforest of Sarawak are demanding the immediate halt of all activities of Fichtner related to Baram dam. The Swiss Bruno Manser Fund as well as five other environmental and human rights organizations from Germany and Switzerland support the demand and criticize Fichtner for its close cooperation with power supplier Sarawak Energy, in charge of the implementation of the dam. Sarawak Energy is known for its non-compliance with international social and environmental standards and indigenous rights in the context of the dam project. Copies of the letter have also ...
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