Stability in Sarawak is Great News for State and National Economy

Posted on April 20, 2011


The results of the 10th Sarawak State Elections were not just monitored closely by the voters and Sarawakians, and Malaysians in general.

There was a group of people, who were also paying careful attention to the outcome of last Saturday’s polls; a very important group of people for Sarawak’s future prosperity, I might add.

This group of course are the investors, who are either based within our own country or from other parts of the world.

For these people, they want to be assured they can do business in a country that is peaceful and harmonious.

Their intentions, of course, are purely practical in nature.

They want to do business in a place that is politically stable because without it, they wouldn’t be able to plan or implement their plans, let alone think about growing their business.

When the government talks about the high-income economy, what they’re really saying is that more high-paying jobs will be available for Malaysians.

Jobs that have probably only existed outside the country before this.

The high-income economy will also create more high-paying jobs that are currently available within the country, but because business is going to continue to get better, the same jobs will be able to offer better pay.

Sounding good so far?

It gets better!

Especially for Sarawak!

Sarawak, as you may or may not know, has a certain something called SCORE.

SCORE is an economic corridor  like the other four economic corridors in our country.

However, of all the corridors, SCORE already looks like it is going to provide the biggest economic impact, not only for Sarawak and its people but for Malaysia, as a whole.

The difference with SCORE is that it is going to tap into a resource that before this was only used to provide the basic needs for our people.

I’m referring, of course, to Sarawak’s energy resources that will be generated by hydropower.

Or as we like to call it, the CORE of SCORE.

Bakun and then Murum are going to create massive amounts of energy that is looking very, very attractive to investors and industries from all over the world, especially those with high energy needs.

Have you heard the saying “If you build it, they will come”?

In the case of Sarawak and SCORE, that’s exactly what is happening right now!

Sadly, all this was not a big selling point for the BN during the election campaign of last week.

Maybe, it was not an easy concept to sell?

Or maybe it was told in such a way that people didn’t get the answer to their all-important question about SCORE, namely “WHAT’S IN IT FOR ME?”

Let’s face it, this BN government is good for business.

The level of foreign investment and the growth of local Sarawak companies can attest to this fact.

The tricky part for this BN government though is how to let voters see this point, as well.

How online business news portal Business Times reported it:

More investments for Sabah, Sarawak in the pipeline

PUTRAJAYA: Under its Economic Transformation Programme (ETP), the government will announce several more projects in Sabah and Sarawak in the areas of palm oil and oil and gas.

Performance Management and Delivery Unit (Pemandu) chief executive officer and Minister in the Prime Minister’s Department Datuk Seri Idris Jala said the Federal Government and both the state governments are wooing private and international investors to invest in the two states.

He declined to give a time frame and financial details, but said the projects will be announced in due time by Prime Minister Datuk Seri Najib Razak.

“A lot of investment activities are taking place in Sarawak right now with investors lining up to invest in the state, especially in the SCORE (Sarawak Corridor of Renewable Energy) region and talks are on-going between investors with Mida and Miti (Malaysian Investment Development Authority and International Trade and Industry Ministry respectively).

“In the oil palm sector, we will focus on boosting palm oil yield. At this moment, some 100 Tunas officers are working hard to look at how the sector can improve yield,” Idris told reporters here yesterday after Najib unveiled the fifth and latest ETP updates.

Idris said that the bulk of the investments will be made in the oil and gas sector. – By Zaidi Isham Ismail

More investments for Sabah, Sarawak in the pipeline