State to utilise Daro to generate new source of revenue
BY AMYRA VARKISA & ALEXANDRA LORNA DARO: Sarawak government has plans to create a new source of revenue for the state through the Daro district. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said that the new economic plan for the constituency might put the place on par with Emirates. However, Abang Johari refuses […]
Sarawak to export electricity to Singapore
KUCHING: Sarawak is exploring opportunities to export electricity to Singapore. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said discussions on the matter is still ongoing and it is one of the initiatives to generate revenue for Sarawak. He said the state government would however, put a cap on the amount to be supplied […]
Sarawak expects more revenue from SST
SEMATAN: Sarawak expects larger revenue from the State Sales Tax (SST) following the hike in oil prices. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg noted that world oil prices had risen to USD122 per barrel. “The world oil price is currently at about USD122 per barrel, previously I estimated that it would go […]
Mixed reactions to reintroduction of GST
KUCHING: The federal government is keen to bring back the goods and services tax (GST) in order to expand its revenue base. Prime Minister Ismail Sabri said the government was aware of the negative perception towards GST. Hence, it would formulate ways to educate the public on the importance of GST and transparent tax collection […]
Carbon storage another source of revenue
By Natasha Jee And Alexandra Lorna KUCHING: Sarawak is poised to earn more revenue from carbon storage activities in its soil in the near future. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said that it is legal for the state to store carbon dioxide in its land following the recent amendment to the […]
Potential producer of biofuel
By Natasha Jee & Alexandra Lorna KUCHING: Sarawak has the potential to be a producer of biofuel, and once it is achieved, would be another stream of revenue for the state. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said that the production of biofuel could be sourced from algae and carbon dioxide. “Not […]
Revenue without destroying forest carbon credit
WITH the Forests (Amendment) Bill 2022, Sarawak will have better management of the forest be it waterfalls, water catchment or educational facilities and it can gazette these areas. This was said by Lo Khere Chiang (GPS-Batu Kitang) in support of the Forest Amendment Bill 2022. “The Amenity Forest allows forest carbon credit to be traded […]
RM315 million annually from carbon forest activities
By Neville Timothy Sanders THROUGH forest carbon activities, Sarawak is expected to have a new source of revenues estimated at RM315 million annually. Deputy Premier Datuk Amar Awang Tengah Ali Hassan said that this was based on the World Bank Carbon Price of USD 5.00 per tonne carbon with the estimation that 30 per cent of […]
Carbon storage sites promise new revenue
By Fasiha Khushiri KUCHING: The setting up of carbon storage sites in Sarawak will allow the state to acquire a regulatory right to secure a new source of revenue. Azizul Adenan (GPS-Tanjung Dato) said this can be achieved through the passing of the Land Code (Amendment) Bill 2022 in the House. “Revenues, if any, will […]
State has huge potential to attract investors
KUCHING: Sarawak has the potential to attract more domestic and international investors in the industrial development sector as well as tourism. Prime Minister Tan Sri Muhyiddin Yassin noted that Sarawak recorded trade revenue of RM85.2 billion from outside and inside the country in 2020. “Sarawak is a destination for many investors especially in the industrial […]
