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
September 25, 2024NewsIn the first quarter of this year, our publication has received an increasing number of enquiries from Malaysians regarding Advix Media Sdn Bhd
It seems that members of the public have been offered, “something for nothing” and in investigative style we wanted to look behind the scenes of this company to see what was really happening because, “there’s no free lunch in this life”!
The Accounts & Regulatory Authority in Singapore record Advix Media as being incorporated on the 3rd of December 2016 as an, ‘Advertising Agency’. We were reliably informed that the company has recentlyexpanded to Malaysia. It seems that a growing number of companies have turned to Advix Media in an effort to change their advertising from mass media to Incentive or Sample Advertising. This hits the second rule of Economics, Cost vs Benefits – a person is more likely to take action if the benefits rise and the cost is reduced.
We were interested to find out more. Advix Media ethos was put simply by Managing Director Mr. Chee…
“We simply no longer believe what we see on television, but we do believe what we taste, touch and feel” -Chee, Advix Media.
He continues… Customers have become more educated and less naïve as the romance of television has lost its magic. We simply do not believe what we see on TV or the internet.
But we do believe what we taste, touch and feel. So using market research Advix Media perfectly matchmakes customers to our clients best products. This is a two-fold benefit. Reducing irrelevant offers to a mass while focusing the same resources on a smaller group and enhance incentives per person andstay within budget.
One example of incentive advertising by Advix Media causing a stir was one of Singapore’s top ranked crowd funds run by Paramount Strategies Pte Ltd. *(please see our 2018 article on them below). The first entrant to their seminar received an Omega watch. Followed by a series of other incentives. Funded only by the budget set aside to publicise the event with advertising. Cutting out the middle-man for advertising filled the event with a warm and grateful crowd. In an attempt to hear first-hand the result we spoke to Mr. Mah, the director. He refrained from detailed comment other than to say…
“Thanks to Advix Media, it was a very successful strategy indeed”. -T. Mah, Paramount Strategies Pte Ltd.
Closer to home, Maya from Advix Media informs us that she spends her days heading up a team of customer care agents reserving weekends away and holding car and cash prize lotteries for local Malaysians that have tried or trialled services and products relevant to their interests. So, there is nothing free in this life, participants have to make effort drive a new Porsche demonstrator in their “Porsche Experience day” for example. However, the latest trend in advertising will allow you to book a weekend away or receive the latest tech gadgets as a reward for trying a company’s offerings rather than a mass media flash-ad on TV or YouTube with no reward.
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September 4, 2024NewsKUALA LUMPUR, — Malaysia’s national oil corporation, Petronas, is contemplating a court injunction to defend its monopoly on the country’s natural resources amidst escalating demands from Sarawak for increased control over oil and gas extraction and trading.
Sources close to the situation revealed that Petronas is weighing the possibility of filing for a court injunction in the coming days, according to a report published in Channel News Asia today.
This legal move aims to prevent any immediate action by the Sarawak government against Petronas. According to the sources, if Sarawak does not resume negotiations, the dispute could escalate into a full-blown court battle.
Sarawak has given Petronas an ultimatum to finalise an agreement by October 1, granting the state complete authority over the supervision of oil and gas trading.
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September 2, 2024NewsSEPANG, — Malaysia Airlines Berhad’s move to cut the frequency of its flights to select destinations is a temporary measure aimed at addressing technical problems, Transport Minister Anthony Loke said today.
He gave an assurance that the issue will be resolved soon.
“They did not do it on a whim, as many technical issues were plaguing MAS, that they were forced to take this step by reducing flights for the next few months,” he told a news conference at Terminal Two of the Kuala Lumpur International Airport this afternoon.
MAS is the old acronym for Malaysia Airlines before March 2014; it has since switched to MAB.
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September 2, 2024NewsAHAD DATU, — The achievement of electricity supply in the South-east Zone of Sabah shows an encouraging performance with a double-digit record in the System Average Interruption Duration Index (Saidi).
Chairman of Sabah Electricity Sdn Bhd (SESB), Datuk Seri Panglima Wilfred Madius Tangau, said that the zone which includes Lahad Datu, Kota Kinabatangan and Semporna showed a significant reduction in the rate of disruptions within three years.
“Lahad Datu recorded a Saidi of 42.77 minutes per customer per year this year compared to 106.77 in 2022 and 104.51 minutes per customer per year in 2023.
“Even in some areas such as the Palm Oil Industrial Cluster (POIC) record a single-digit Saidi which is below 10 minutes per customer per year,” he said in a statement in conjunction with his four-day working visit to SESB South-east and South Zones.
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August 31, 2024NewsKOTA KINABALU, — Sabah PKR has dismissed calls for national parties to stay out of the upcoming state elections or contest under the Gabungan Rakyat Sabah (GRS) logo, calling them “personal opinions” and not reflective of the party’s stance.
Sabah PKR’s information chief Razeef Rakimin said that these suggestions were not official positions of GRS and that they did not warrant a formal response.
“As far as we are concerned, it is not the stand of GRS. We feel GRS will be wise and make a suitable choice for themselves,” Razeef said.
He was responding to a statement from GRS component party leader Tan Sri Pandikar Amin Mulia, who said that GRS should contest all 73 and asked for national parties to sit out the next elections.
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