Sarawak currency may act as economic buffer
KUCHING: The idea of Sarawak having its own currency can be considered, said Sarawak United People’s Party (SUPP) Stakan chairman Datuk Sim Kiang Chiok. He said Sarawak can be similar to the United Kingdom which had its own currency while being part of the European Union (EU) until its departure from the EU in 2020. […]
Medical tourism crucial to state’s economic growth too
KUCHING: Medical tourism in Sarawak is equally important as other economic factors to boost the state’s economic growth. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg stated that despite the state having various tourism spots to contribute to its economic growth, service sectors are still important. “In Sarawak, we not only have flora and […]
Banks cautiously optimistic on economic prospects
KUALA LUMPUR: RHB Research believed that banks are still cautiously optimistic about economic prospects, and any potential deterioration in asset quality should be manageable as lending indicators close to pre-pandemic levels. In a research note today, it said system loan applications in January stood at RM85 billion, -8.0 per cent month-on-month and -13 per cent […]
Labuan urged to emulate Penang’s development progress
LABUAN: Labuan has the necessary ingredients to progress economically with better connectivity and infrastructure development, said Labuan Chamber of Commerce (LCC). Chairman Daniel Doughty said Labuan, being a regional oil and gas hub and international business and financial centre (IBFC), can reach greater heights. “We need to improve the connectivity by air, sea and land. […]
Govt to ensure economic growth for all
KUALA LUMPUR: The government hopes to ensure that Malaysia’s ‘good’ economic growth numbers can be translated into visible impacts that can be felt by the people as the country is set to register continued growth going forward, said Economy Minister Mohd Rafizi Ramli (pictured). Malaysia is expected to post gross domestic product (GDP) growth of […]
Malaysia needs to balance its regional economic growth
KUALA LUMPUR: Malaysia needs to look at balancing its regional economic development in order to narrow the development gap in the country. Speaking at the launch of the World Bank’s Malaysia Economic Monitor February 2023 report, Ndiame Diop, the country director for Brunei, Malaysia, Philippines, and Thailand, said Malaysia’s regional economic development is not aligned. […]
MoU inked to empower business integration of the Bidayuh
KUCHING: The Dayak Bidayuh National Association (DBNA) has signed a memorandum of understanding (MoU) with the Asia Pacific Investment Trade Economic Zone (Asiapez) Association to foster digital transformation. Its chairman Datuk Ik Pahon Joyik said the MoU will act as a platform for DBNA to enhance the socio-economic status of the Bidayuh community through collaborations […]
Anwar: King has not taken salary since start of COVID-19
PUTRAJAYA: Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah has not taken a salary since COVID-19 hit the country because His Majesty is concerned with the economic situation that has taken its toll on people’s livelihood, said Prime Minister Datuk Seri Anwar Ibrahim. “I want to inform you that His Majesty has rejected taking […]
Anwar tells Muhyiddin not to challenge him
PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim today cautioned Perikatan Nasional (PN) chairman Tan Sri Muhyiddin Yassin against challenging his government regarding the issue of RM600 billion funds that were allegedly misappropriated by the government under the latter’s administration. The prime minister said that based on the information obtained, there were some processes and procedures […]
Wooing Indonesians as medical, education tourists
KUCHING: Sarawak will continue to attract more Indonesians for medical and education tourism. Deputy Premier Datuk Amar Douglas Uggah Embas said this is by leveraging on the availability of private medical clinics and hospitals as well as private higher learning institutions such as Curtin University, Swinburne University, Limkokwing University, UCSI University, and University Technology of […]
