KUCHING: The setting up of port tank installation (PTI) facilities in Sabah and Sarawak are meant to boost the local economy, said Plantations and Commodities Deputy Minister Datuk Willie Mongin.
“Today I chaired the meeting on the Proposed Construction of Port Tank Installation (PTI) in Sabah and Sarawak for Palm Oil Future (FCPO).
“With the PTI facilities in existence in Bintulu, Sarawak as well as in Lahad Datu and Sandakan, Sabah; it will be able to boost economic activity in both ports,” he said in a Facebook post last Friday.
Willie said the facilities are also expected to provide an opportunity for the palm oil industry in Sabah and Sarawak to sell palm oil directly through trading facilities.
“Thus, it will be able to contribute to the economic development of the people in both regions,” he said.
The Puncak Borneo MP said the spill over effect from the move will be enormous on the locals in the two East Malaysia regions.
“Sabah and Sarawak will gain sales taxes, industry players will have foreign currency exchange benefits and enjoy better pricing. Logistics and business activities will create more jobs opportunity.
“(The setting up of the facilities in the) Semenanjung region was started in 1980, after 41 years now; finally, we will have it in Sabah and Sarawak region,” he said.
Also present during the meeting were Plantation Industries and Commodities Ministry (KPPK) secretary general Datuk Ravi Muthayah.
Joining them were representatives of Sabah and Sarawak governments as well as industry players from the oil palm and port sectors in Sarawak and Sabah.