This is done also as a Boiler room Scam . People Business been cold called and been offered Carbon Credits
The scam: A carbon credit is a generic term used for certificates or permits allowing carbon dioxide (CO2) emissions. When sold to a casual investor, they’re very unlikely to be able to sell or trade them.
How it works: Salespeople cold call investors, although contact can also come by email, post or at a seminar. You may be offered carbon credit certificates, voluntary emission reductions (VERs), certified emission reductions (CERs) or an opportunity to invest in ‘green’ schemes/projects that generate carbon credits as a return on your investment. The Financial Conduct Authority (FCA) says an increasing number of firms are using dubious, high-pressure sales tactics.
Why it’s a scam: Claims are made that carbon credits are ‘certified’, but this isn’t recognised by any UK compensation scheme. Projects generating carbon credits are usually based overseas, and authorities here can’t control their quality or validity. Crucially, there isn’t a viable secondary market for ordinary investors to sell or trade. The FCA doesn’t regulate carbon credits, so if things go wrong, you won’t be able to access the Financial Ombudsman Service (FOS) or Financial Services Compensation Scheme (FSCS).
How to invest legitimately: Trading carbon credits requires skill, understanding and experience, so seek independent advice before handing over money. It’s possible to invest in regulated funds, which place your money into the shares of companies that do good for the environment.
New News
March 31, 2024NewsKUALA LUMPUR, March ― The evening of Tuesday April 9 has been set to sight the Syawal new moon to determine the date of Aidilfitri, the Office of the Keeper of the Rulers’ Seal announced today.
It said in a statement that the Conference of Rulers had consented to setting the date for Aidilfitri based on the “rukyah” method of sighting the new moon and the “hisab” calculation based on mathematics and astronomy.
The Keeper of the Rulers’ Seal will announce the date for Aidilfitri over radio and television that night, it said.
A total of 29 locations have been identified nationwide for the sighting of the Syawal new moon, namely Pontian Kecil, Johor; Kompleks Falak Al-Khawarizmi, Kampung Balik Batu, Tanjung Bidara, Melaka; Kompleks Baitul Hilal Telok Kemang, Negeri Sembilan; Bukit Melawati, Kuala Selangor; Bukit Jugra, Banting; Balai Cerap Selangor Sabak Bernam in Selangor as well as Pantai Pasir Panjang, Manjong in Perak; and Pusat Falak Sheikh Tahir, Pantai Aceh, Penang.
Other locations are Kampung Pulau Sayak Kuala Muda, Pemandangan Indah Pulau Langkawi and Menara Alor Setar in Kedah; Bukit Besar, Kuala Terengganu, Bukit Geliga, Kemaman, Pulau Perhentian, Besut and Balai Cerap KUSZA, Setiu in Terengganu.
In Kelantan, the locations are in Bukit Peraksi, Pasir Puteh; Bukit Kampung Tembeling, Kuala Krai and at Menara Bangunan SEDC, Kota Baru; while in Sarawak, the locations are at Pusat Falak, Miri, in Teluk Bandung, Kuching; as well as Tanjung Batu, Bintulu.
In Sabah, the location is at Balai Cerap Al-Biruni, Putatan; while Pahang in Bukit Tanjong Batu, Nenasi, Gunung Berincang, Cameron Highlands and at Menara Kuantan 188.
Four other locations are at Menara Universiti Malaysia Sabah in Labuan; Menara Kuala Lumpur; Putrajaya International Convention Centre; and Menara Pandang Masjid Al-Hussain in Kuala Perlis. ― Bernama
Post Views: 50
Link to this post! [...]
March 28, 2024NewsKUALA LUMPUR, — The Johor factory which was involved in the controversy over five pair of socks carrying the word “Allah” — which it had described as the only problematic socks forming part of a 18,800 pair ordered from China — today clarified that its business licence remains valid.
Xin Jian Chang Sdn Bhd said reports that suggested that the Batu Pahat Municipal Council (MPBP) had revoked its licence “are inaccurate”, explaining instead that the council has given a 30-day timeline for it to present a statement before a decision on its licence is made.
The company said its representatives were on March 19 informally invited through the text messaging app WhatsApp to meet with MPBP’s Yang Dipertua Ezahar Abu Sairin on March 20.
“During the meeting, we were presented with a notice alleging noncompliance with our business license conditions, specifically regarding packaging activities of stockings.
“By the same notice, the Batu Pahat Municipal Council has granted us 30 days from 20 March 2024, to submit a written statement before any decision is made regarding our license.
“Our business licence therefore remains valid until the Council considers our written submission,” it said in the statement released today and made available to Malay Mail.
The company added that it is currently seeking legal advice to safeguard its interests, and expressed appreciation for the support given by its partners and stakeholders and that it remains committed to overcoming this challenge.
Yesterday, MPBP issued a statement on its official Facebook account, which said it had presented a notice to cancel the business licence and a notice to close down business operations on Xin Jian Chang’s representative, over an alleged violation of the conditions for the approved business licence.
MPBP had said its actions were in line with its Trade, Business and Industrial Licensing By-laws 2016.
The factory, located at the Sri Gading Industrial Area in Batu Pahat, was yesterday reported to have been closed.
On March 19, Xin Jian Chang had issued a statement to apologise for any offence or distress caused by the regrettable incident of socks bearing the word “Allah”, saying it has never intended to produce or distribute products that could cause division or hurt sentiments within the community.
“We deeply regret any oversight in our quality control process that allowed these items to enter our inventory, despite our best efforts to ensure that all 18,800 socks received from our Chinese supplier were by the provided samples.
“We want to clarify that we have never intentionally ordered any socks with such words. All our orders are made based on samples provided, and we have consistently advised our Chinese suppliers to avoid providing us with products bearing words, symbols, or illustrations that could offend our Muslim community. This practice underscores our commitment to cultural sensitivity and respect in our business dealings,” it had said in its March 19 statement.
Xin Jian Chang had on March 19 said its China-based supplier Mu Mian Qing Hosiery Co Ltd had admitted that the five pairs of “problematic socks” were mistakenly included in the 18,800-pair order, and that it is currently seeking legal advice for possible legal action against the supplier over the latter’s negligence in fulfilling the order requirements.
The company had also said it will continue to fully cooperate in the police’s investigation, adding that it remains committed to maintaining harmony and respect among all communities in its business operations and is implementing stricter quality control measures to prevent similar occurrences.
“Furthermore, we express our grave concern over social media postings that have shared personal data, including the residential addresses of our key officers, and have even issued threats of violence, including burning down our factory and endangering lives,” the company had said.
On March 19, Johor state police raided the factory in response to reports lodged over the socks bearing the Arabic word for “Allah”, which were discovered for sale at the outlets of convenience store chain KK Mart in Bandar Sunway, Selangor. The police also said the factory had claimed to have bought those socks from a company in China.
Post Views: 41
Link to this post! [...]
March 26, 2024NewsNIBONG TEBAL, — The effectiveness rate of inmate rehabilitation in communities is 73.3 times higher in preventing recidivism compared to rehabilitation in facilities.
Prisons director-general Datuk Nordin Muhamad said that inmate rehabilitation in communities must be continued as it had a positive effect on them.
“This is proven by the 17.6 per cent recidivism rate for rehabilitation in facilities while those undergoing rehabilitation in communities recorded a mere 0.24 per cent.
“Currently 4,120 prospects or 4.94 per cent of the entire (80,000 inmate) population in prisons are undergoing rehabilitation in communities through various programmes, including Licensed Release of Inmates, mandatory attendance order, parole and halfway houses,” he said during his speech at the Outreach Programme with the South Seberang Perai Community at the South Seberang Perai Prison.
The programme was held with the cooperation of Jambatan Kedua Sdn Bhd (JKSB), in addition to the Bubur Lambuk Perdana 2024 programme, which has parolees and members of the public participation.
Nordin said the Prisons Department conveyed its thanks to companies that supported it through the Smart Internship Programme, in which prospects are given a second chance through work opportunities and accommodation by companies.
Post Views: 47
Link to this post! [...]
March 24, 2024NewsKUALA LUMPUR, — The ringgit was in first place compared to nine other regional countries since the coordination measures among the government, Bank Negara Malaysia (BNM), government-linked investment companies (GLICs) and government-linked companies (GLCs) were implemented on Feb 26, 2024.
Finance Minister II Datuk Seri Amir Hamzah Azizan also said that based on BNM’s Financial Markets Committee statement on March 1, 2024, there was an immediate impact on market trends with increased market interest in the ringgit.
“The government is committed to ensuring that the performance of the ringgit is at a better and stronger level,” he told Dewan Negara today.
He said various measures have already been taken, and that BNM always ensures that the domestic foreign exchange market remains orderly and maintains financial stability. The Malaysian central bank also continues to monitor the financial market and take the necessary measures, including intervention in the foreign exchange market, to curb excessive currency movements.
Post Views: 47
Link to this post! [...]
March 22, 2024NewsKOTA BHARU, — The Kelantan government admits to facing several constraints that cannot be fully overcome in order to distribute, supply clean water to the people in the state.
Public Works, Infrastructure, Water and Rural Development Committee chairman Datuk Izani Husin said among the constraints were dependence on underground water sources, insufficient water treatment plants (LRA), water leakage due to ageing pipes and the increase in population.
“We are also facing problems of water quality because most of the land in this state contains high minerals such as magnesium (hard water precipitates will clog pipes) which require high cost and a longer water treatment period.
“Already in dire straits, there is also a drought causing us to ration water distribution according to priority to several areas that are experiencing serious water shortage,” he disclosed.
Post Views: 50
Link to this post! [...]
Link to this post!