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)
Phase 1: Kampung Sebuyau
SEBUYAU: Local fishermen at Sebuyau will soon be able to enjoy Borneo Industrial Fishery's (BIF) subsidies with the successful roll-out of Phase 1 of BIF's operations in Sebuyau.
Phase 1 development at Sebuyau will call for the development of a Jetty managed together with LKIM for the benefit of all local fishermen in the area. Additionally, sorting and trading platforms will be developed to improve infrastructure bring modern marine fishing technology to the traditional fishermen.
Sebuyau has approximately 300 traditional fishermen that stand to benefit from BIF's development scheme.
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)
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.