Sabah Foundation
The Sabah Foundation ("Sabah Foundation") or Kumpulan Yayasan Sabah is a non-profit organization founded in 1967 by the Malaysian state of Sabah to promote the social and educational services of Sabah. The main source of funding for the foundation is income from the marketing of tropical woods. The Sabah Foundation operates today as the Yayasan Sabah Group (YSG).
history
It was founded in 1967 with an endowment capital of one million ringgit, around EUR 250,000, financed by the state of Sabah. The basis was the parliamentary resolution Sabah Foundation Enactment, 1966 of May 10, 1966. In 1970, the foundation received the administrative and marketing rights to 8547 square kilometers of tropical forest in order to sustainably finance its activities. The Sabah Foundation's logging license has a term of 100 years.
Tun Mustapha , Prime Minister of Sabah , was appointed chairman , while Syed Kechik was appointed managing director.
Mustapha's successor, Harris Salleh , placed the foundation under direct government supervision. During his tenure, the foundation grew to its present size.
The profits were partly distributed as dividends to the indigenous population of Sabah from the age of 21. This distribution was initially known as Amanah Saham Tun Hj. Datu Mustapha and was later renamed Amanah Rakyat Sabah . Critics saw it as a political influence on the voting behavior of the young sections of the population. In particular, shortly before the parliamentary elections in 1978, the BERJAYA government announced that it would increase the distribution from 60 ringgit to 80 ringgit, causing controversy. The controversial dividend payment was last made before the elections to the state parliament in 1981 with 150 ringgits to around a quarter of a million eligible residents.
The foundation countered the accusation of being actively involved in the overexploitation of tropical timber by removing the ecologically particularly valuable areas from its foundation assets. These areas, now designated as forest reserves, are located in the Danum Valley (43,800 hectares ), the Maliau Basin (58,840 hectares), in the Imbak Canyon (30,000 hectares) and in Tumunong Hallu (171 hectares).
Today, the foundation operates as the Yayasan Sabah Group (YSG) with administrative centers in the Tun Mustapha Tower (former name: Sabah Foundation Building) and in the WISMA INNOPRISE high-rise in Kota Kinabalu.
Since July 1, 2013, Ahmad Sapawi , a member of the Sipitang constituency , has been director of the foundation. He succeeds Syed Kechik, Syed Mohamad Al-Bukhary, Ben Stephens, Jeffrey Kitingan and Musa Aman as the sixth director.
literature
- Regina Lim: Federal-state relations in Sabah, Malaysia: the Berjaya administration 1976-85 , Institute of Southeast Asian Studies, 2008, ISBN 978-981-230-811-5
Web links
Individual evidence
- ^ Full text of the Sabah Foundation Enactment, 1966 , last amended on May 20, 1995 in the version of August 2010; Accessed April 7, 2012
- ^ Lim, page 87
- ↑ Malaysia Birding Danum Valley Conservation Area (DVCA) ( Memento of the original from September 26, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. ; Accessed May 25, 2014
- ^ Paul Raffaele: Harris Salleh of Sabah , Condor Publishing, Hong Kong 1986, page 187; cited in Lim, p. 87
- ^ Lim, page 89
- ↑ Information on the Sabah Foundation website ; Accessed April 7, 2012
- ↑ Free Malaysia Today: Sipitang MP is Yayasan Sabah boss ( Memento of the original from December 30, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. ; June 23, 2013; Accessed December 29, 2013
