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State revenue will expedite development

KUCHING: Sarawak can expect to expedite its development through the revenue collected by the state thus far. Academy of Sciences Malaysia fellow Datuk Dr Madeline Berma said with the highest revenue collection recorded for the financial year 2022, development allocations can be increased. “The State Sales Tax (SST) imposed by the state government since 2019 […]

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 […]

RM5.833 bln revenue collected in third quarter this year

KUCHING: Sarawak has collected a revenue of RM5.833 billion as of the third quarter of this year, said Chief Minister Datuk Patinggi Abang Johari Tun Openg. He said that the collection of revenue was mainly from major sources such as the State Sales Tax (SST) of RM2.395 billion; cash compensation in lieu of oil and […]

Two more oil and gas fields discovered

SEBUYAU: Two more offshore oil and gas fields in Sarawak have been discovered by Petroliam Nasional Berhad (Petronas). Chief Minister Datuk Patinggi Abang Johari Tun Openg revealed that the national oil corporation had informed him of this latest development. “Besides the oil and gas discoveries in Central Luconia and the Baram Delta recently, there are […]

Sarawak’s success story

By Noor Syahhira Hady KUCHING: The additional revenue of RM3 billion annually from the State Sales Tax (SST) on oil and gas will help strengthen the state’s economy. “This revenue will be used in developing especially the rural areas as most of the areas do not have much basic infrastructure,” said Assistant Minister in the […]