Sabah Wetlands Conservation Society (SWCS) embarks on a new partnership with Japanese real estate company, Mullion Co. Inc. to restore degraded mangrove areas around Sabah.
In a signing ceremony witnessed by Datuk Masidi Manjun, Minister of Tourism, Culture and Environment, held today, Mullion made a commitment to support efforts by SWCS in mangrove restoration by pledging to donate a minimum sum of RM150,000 (one hundred and fifty thousand Ringgit Malaysia) to SWCS over a period of five years.
The main objectives under this project are to replant a total of 25,000 mangrove seedlings within 5 years, while raising awareness on the importance of mangrove conservation and management for the local community and the general public.
Tuan Haji Zainie Abdul Aucasa, President of SWCS, stated that partnerships with both the government and the private sector are vital in wetlands conservation. The consciousness of our Japanese counterparts is already being emulated by local organizations in Sabah. This, Tuan Haji said, must be encouraged to ensure the sustainability of our mangroves, which brings much benefit to society.
Mr. Keiji Fukuda, President of Mullion Co. Inc. said that this partnership is the first of its kind by Mullion. It is part of their Mullion Bond business strategy, which offers investment opportunities to Japanese investors. An important component of this bond is that part of its yield is channeled towards conservation. This, Mr. Fukuda continued, is important to Japanese investors, who have become increasing conscious of the need to contribute towards the preservation of the environment.
Also in attendance at the signing ceremony were Ministry of Tourism, Environment and Culture’s Permanent Secretary, Datuk Suzannah Liaw, Dr. Hitoshi Murakami and Mr. Mitsubori from Mullion, and, Mr. Andrew Chong and Datuk Verus Aman Sham from Sabah Wetlands Conservation Society.
*Press release circulated on 9th October 2009