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Tanoti Crafts combines heritage and economic development to empower rural communities

KUCHING: Jacqueline Fong believes that heritage and development can coexist and bring economic contributions. Through its mission, the company enables rural communities in Sarawak to earn income from their traditional skills and crafts. As a recipient of the Yayasan Hasanah grant, Tanoti Crafts operates through three business pillars: products, services and experiences. “Our pipeline is […]

Equal emphasis to growth and well-being: Premier

SIBU: The Sarawak government has always adopted a balanced development approach that places equal emphasis on economic growth and the well-being of the people. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said a healthy country is always a rich country. “The term ‘well-being’ is usually associated with the standard of living and quality […]

High economic growth must be maintained to address skills gap

KUALA LUMPUR: Malaysia must maintain high economic growth to create more high quality jobs in order to address the skills gap, which is “the most defining challenge of our era,” said Economy Minister Rafizi Ramli. He said his ministry “never shifted its attention from the importance of aggregate demand, business creation, innovation, and selecting high […]

OCBC Bank supports state’s strategic initiatives

KUCHING: OCBC Bank (Malaysia) Berhad expressed its support for the Sarawak government’s strategic initiatives to fight for economic prosperity, social inclusion and environmental sustainability. In stating this, its chief executive officer (CEO) Tan Chor Sen said that Sarawak remained an important part of OCBC Malaysia’s strategic core which contributed to Malaysia’s economic growth and was […]

Rolling the dice

There is a respectable body of economic thought that holds that casino gambling is actually economically regressive to a state and a community. – Mario Cuomo, American lawyer and politician Welcome to the world of gambling, where the stakes are high and the consequences even higher. Most of us have engaged in some form of […]

IMF lowers 2023 forecast for global economy

WASHINGTON: The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical strains. Concerns over high inflation, rising geopolitical tensions and financial stability hang over the updated forecasts, with the impact of war in Ukraine continuing […]

BPHB’s biohub project now in feasibility study phase

KUCHING: Bintulu Port Holdings Bhd (BPHB) is moving closer to realising the biohub project, which is now in its feasibility study phase, according to its chairman Dato Abdul Mutalib Alias. “We seek to establish an industrial port complex with multiple stakeholders that leverages circular industries and clean energy, like hydrogen, to boost economic growth,” he […]

Keep politics out of BNM

KUCHING: The Bank Negara Malaysia (BNM) must firmly maintain its independence as an institution, free from any form of political influence. Universiti Malaysia Sarawak (UNIMAS) economist Jerome Kueh emphasised that the BNM’s primary role is to maintain monetary stability and support sustainable economic growth, rather than pursuing short-term political agendas. He warned against government interference […]

China to account for one-third of global economic growth

MOSCOW: China is projected to give a significant boost to the world economy, accounting for about a third of global growth in 2023, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Sunday. “The robust rebound means China is set to account for around one third of global growth in 2023, giving […]

Opening casino can attract investors, spur state’s economic growth

KUCHING: Should the establishment of a casino in the Borneo Highlands become a reality, it could be one of the areas that help spur the state’s economic growth. In stating this, Tarat assemblyman Datuk Roland Sagah Wee Inn said he, therefore, agreed with the idea of a casino being opened in Sarawak. “This (having the […]