BORNEO INDUSTRIAL FISHERY CORPORATION 

(Trading Symbol: BOFC)

 

Our Vision is to be the leading seafood and deep-sea industry conglomerate to make use of the abundant biomass available in Sarawak's waters

 

Planning and Management Systems to Positively Effect Change on Sarawak's Management of its Marine Bio-Resources

Increasing positive awareness of the Sarawak maritime resources. Collaborative marketing programs that align BIF and industry. Improve marketing efforts for maximum impact within the deep-sea related industries. Championing the sustainability of Sarawak’s seafood harvests resulting from existing Sarawak fisheries management imperatives. Proactive marketing planning to address short and long-term goals while remaining flexible and responsive to a changing environment and economy. Quality assurance, technical industry analysis, education, advocacy and research. Prudent, efficient fiscal management.

Events

Launching of NBOS Program "Kejayaan Nelayan, Kebanggaan Negara" by Y.B. Senator Datuk Professor Dr. Sim Kui Hian

Date:           20 June 2015 (Saturday)

Venue:        IMPERIAL HOTEL, KUCHING

Time:           5.00pm - 8.00pm

RSVP:          Cr. Cooplay Nyipa (017-892 8577) or Mr. Lim Swee Fung (016-893 9191)

 

News

NBOS subsidy to bump up fishing income in August

KUCHING: Local fishermen have more reason to go out to sea and bring back a large haul with the implementation of the National Blue Ocean Strategy (NBOS) — ‘Kejayaan Nelayan Kebangaan Negara’ programme which will commence this year on Aug 1.

Borneo Industrial Fishery (BIF) Sdn Bhd chief executive officer Chong Ted Shen said that fishermen stand to earn higher income with this programme.

The initial programme involves eight villages and 110 fishermen, and it will be expanded to include the whole of Sarawak and then whole of Malaysia, he said.

“The current government subsidy programme is RM100/ton for table fish only, but under this programme, fishermen will get additional RM850/ton for table fish, RM150/ton for surimi and RM150/ton for trash fish.


With Y.B. Senator Dr. Sim (third from right), Sam T.S. Chong (second from right), Belayong Ak. Nyuak (second from left) and Laksamana Pertama Maritim Ismaili (first from left)

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Borneo Industrial Fishery to list on OTC, plans listing on NYSE in 2 years

KUCHING: Sarawak-based Borneo Industrial Fishery Sdn Bhd (Borneo Industrial Fishery) plans to further list on the New York Stock Exchange (NYSE) within two years.

This was said during the group’s announcement to list on the OTC stock market.

According to a statement, the company aims to raise US$15 million (RM55 million) through the offering of a 15 per cent stake, chief executive officer Chong Ted Shen told reporters after signing an agreement with New York’s QMIS Finance Securities Corp, its consulting partner for the initial public offierng on the OTC.

Borneo Industrial Fishery’s main activities include the management of commercial fishing fleets, trading in seafood products, fisheries port management and also down-stream industrialization of marine produce.

The IPO proceeds will be used to fund its market expansion, firstly in Sarawak, and to respond to the international market’s demand for seafood products with Sarawak’s abundant marine seafood resources while also introducing its proprietary fisheries management system to improve sustainability, according to Chong.

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Next target — Foreign Trawlers

SADONG JAYA: After achieving notable success in his war against illegal logging, Chief Minister Datuk Patinggi Tan Sri Adenan Satem says his next mission is to stop illegal foreign trawlers from fishing the state waters.

Adenan said efforts to stop foreign trawlers from encroaching into state waters would be intensified as he had received many complaints that foreign trawlers were affecting the livelihood of local fishermen.

“I don’t want people to steal our fish from our waters. There are many foreign trawlers stealing fish from our waters. They will then sell them outside our country and we don’t get anything. They are our next target,” he said when launching the Sadong Jaya Festival here, yesterday.

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200 Malaysians detained in crackdown on illegal fishing in Indonesia 

JAKARTA, Nov 19 — Indonesia today detained 200 Malaysians found fishing illegally in its waters, as it moves to stem billions of dollars in economic losses, a senior government official told Reuters.

A crackdown on illegal fishing, which costs the vast archipelagic nation around US$25 billion (RM84 billion) a year, kicked off this week, Cabinet Secretary Andi Widjajanto told Reuters in a rare interview.

The drive is likely to spark tension with countries in the region, as new President Joko Widodo adopts a more assertive stance on the maritime sector of Southeast Asia’s largest economy.

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