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Rubber Board Repays RM25 Million Loan

KOTA KINABALU, August 9th, 2016 -- The Sabah Rubber Industry Board (SRIB) repaid a full loan of RM25 million to SabahDevelopment Bank.

A cheque for the amount was handed over by the board's General Manager, Datuk Harris Mathews to the bank's Head of Banking Division, Edward T.S.Yong.

"It was witnessed by Chief Minister Datuk Seri Panglima Musa Haji Aman and board chairman, Datuk Rubin Balang at the former's office at the State Legislative Assembly building in Likas yesterday .

Among those present were Deputy Chief Minister Datuk Haji Yahya Hussin, his assistant minister, Datuk Musbah Haji Jamlee and Parmanent Secretary to the Finance Ministry, Datuk Pengiran Hassanel Datuk Pengiran Haji Mohd Tahir as well as senior officials from the Ministry of Agriculture and Food Industry .

Sources -- New Straight Times

Announcement:

RUBBER PRODUCTION INCENTIVES (INSENTIF PENGELUARAN GETAH)

1. For the Information of all smallholder / rubber tappers, effective 1st January 2016, the rubber incentives provided by the State Government will no longer be included in the current rubber prices as practiced in the previous year. The said incentive will only be paid in the following month.

2. For an instant, rubber sold to LIGS in January 2016, Rubber Production Incentives will only be paid in February 2016 and subsequent months. The rate of production incentives paid will be determined at the end of every month.

3. The incentive rate is derived from the difference between the floor price and the actual average price during the month. The floor price for Cup lumps grade 2 is RM2.00/kg. For example, if the average actual price of cup lumps grade 2 for the month of January 2016 is RM1.25/kg, rubber production incentive to be paid is (RM2.00 – RM1.25) = RM0.75 /kg.

4. The change in payment practice is to rationalise the incentive payment so that the intended target group can be achieved.

5. For speedy payment of the incentives, LIGS has endeavor to pay the incentives directly into small holders’ bank accounts. Smallholders are encouraged to open a Bank Simpanan Nasional account or any local commercial bank. Smallholders with existing account can submit their account number as well as copies of bank account / pay slip to LIGS for further action.

Datuk Harris Mathews

LIGS General Manager

Reward to Informers

Sabah Rubber Industry Board (SRIB) request the cooperation and help from the public to report any rubber smuggling activities out of Sabah for the good of the State. A RM500.00 reward will be given to the informer for every successful detection of container, wherein cess has been collected or causing the offender to be prosecuted in court. All information provided and informer identities are confidential and protected by law.

Click here for more information (Malay version).

Sabah Rubber Industry Board has launched a new Beaufort Specialty Rubber Official Website

Introduction

Sabah Rubber Industry Board is a one-stop agency involved in all rubber related activity for rubber smallholders in Sabah, Malaysia.

Our Vision & Mission

The Board strives to achieve its vision to create a Modern, Progressive and Dynamic Rubber Industry. Our mission is as follows:

"Development of an integrated Rubber Industry through efficient management of smallholder sector, increase commercial production and diversification of downstream industry for competitive Global Market."

More on our policies and strategies can be found in the Introduction page.

The Rubber Industry Board (Amendment) Enactment 2013 is now available. Click here to download.

*Information on this page has been updated on 11 August 2016 by Jerry Stephen

http://www.alugueldeimpressoras.org