Established in 1982, Sabah Forest Industries Sdn Bhd (SFI) is one of the largest timber growers and wood processors in Malaysia.

At present, the group manages a 712,000-acre forest estate in the south-western part of Sabah. Of the total forest land under its management, about 683,000 acres are operated under a 99-year concession granted by the state government from 1996, while about 29,000 acres are owned by SFI.

A showdown between politics and business is set to unravel in the “Land Below the Wind”.

Centred on Sabah’s lucrative timber industry, a legal tussle has begun involving the Parti Warisan Sabah-led state government, financially-struggling timber concessionaire Sabah Forest Industries Sdn Bhd (SFI), SFI’s receiver and manager Grant Thornton Consulting Sdn Bhd and Pelangi Prestasi Sdn Bhd, a company related to one of the richest bumiputras in Malaysia, Tan Sri Syed Mokhtar Albukhary.

Also Involved in the suit is China pulp and paper company Lee & Man Paper Manufacturing Ltd.

In May last year, Sabahans voted for change because WARISAN promised to take better care of the welfare of Sabahans.…

Baru-baru ini dilaporkan bahawa Burel Industries Sdn Bhd telah dianugerahkan sebuah projek bernilai RM13 bilion untuk membina loji petrokimia dengan…