Search

Premier stresses economic structure for state’s growth  

SIBU: Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg has urged Sarawakians to embrace the resilience and strength symbolised by dragons in the Year of the Dragon. He said Sarawak remains committed to fortifying its economy to bolster revenue streams throughout 2024. “Sarawak is fortunate as from the year 2021 until 2023, it seems […]

Bigger Affin stake good for financial ecosystem

KUCHING: The state government’s move to acquire an additional stake in Affin Bank is a strategic step in strengthening the financial ecosystem. Economist Dr Jerome Kueh said this would assist businesses in Sarawak and contribute to the sustainability of economic growth. He stated that one of the main obstacles in business is limited access to […]

A manifestation of enhanced autonomy

KUCHING: The handover of Bintulu Port to the Sarawak government presents a promising outlook for both the port and Sarawak. Economist Dr Evan Lau said firstly, the transfer signifies enhanced local autonomy, granting Sarawak greater control over port operations and management. “This shift in authority not only strengthens the region’s governance but also fosters a […]

Premier: Sarawak’s acquisition of MASwings vital for state’s economic growth

MIRI: The acquisition of MASwings by the Sarawak Government is a pivotal catalyst in moulding the state’s economic terrain. Drawing parallels to successful airline investments in Singapore and the United Arab Emirates (UAE), Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said both countries are currently reaping their rewards, signifying the strategic importance of […]

Algae research to fuel economic growth

KUCHING: Recognising the significance of research as a driver of economic growth, Universiti Teknologi MARA (UiTM) Sarawak is currently expanding its education initiatives related to algae. According to Associate Professor Dr Juferi Idris, the Deputy Rector for Research and Industrial Linkages, this undertaking aligns with the Sarawak government’s focus on algae-related matters. “We are actively […]

Abang Jo stresses importance of leveraging digital technologies for economic growth

KUCHING: The Sarawak government has spent over RM1bil towards enhancing digital infrastructure and Internet connectivity, especially in the rural areas. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said this is part of the state’s digital economy initiatives. “For instance, if there is an Internet network, but its speed only reaches a level between […]

Catalyst for economic growth

BINTULU: The construction of the new Naval Region 4 headquarters for the Royal Malaysian Navy in Samalaju  promises to be a significant catalyst for regional development and economic growth. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg shared that he was informed about the matter in his meeting with Defence Minister Datuk Seri Mohamad […]

SHEDA Kuching chief: Tax hikes raise concerns about economic growth

KUCHING: The increase in service tax from 6 percent to 8 percent is expected to raise prices and may have a dampening effect on domestic economic growth, according to Datuk Sim Kiang Chiok. “The luxury tax, ranging from 5 percent to 10 percent, affects local residents only and could slow down the demand for luxury […]

Budget 2024 signals federal govt commitment to equitable growth and development, says Fadillah

KUCHING: The tabling of the Budget 2024 underscores the federal government’s dedication to fostering economic growth and upholding the principles of the Malaysia Madani concept of equitably distributing benefits across all segments of society. Deputy Prime Minister cum Plantation and Commodities (KPK) minister Datuk Seri Fadillah Yusof said he welcomes the tabling of the Budget […]