Economy
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KKIP
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KKIP strives to raise manufacturing’s contribution to GDP
Kota Kinabalu Industrial Park (KKIP) has attracted more than RM2 billion in investment value from various industry clusters, mainly small and medium industries (SMIs).
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SAMUR
CM told SAMUR Project is 45.7% completed
Chief Minister Datuk Seri Panglima Musa Aman went on an inspection tour of the Ammonia Urea (SAMUR) Project in Sipitang recently where he was briefed on the progress of the project by officials from the PETRONAS Chemicals Group (PCG) Bhd.
Rural Development
Dividend payment of RM511,000 to participants of the Lalampas Agropolitan Project
The Sabah State Government has approved a payout amounting RM511,000 to 1,022 participants of an agropolitan project in Lalampas, as part of the rural agricultural development programme.
Masiung Bana, who is the State Assemblyman for Kuamut and Assistant Minister to Youth and Sports Minister, was speaking during the presentation of dividends to participants of the Lalampas Agropolitan Project at Kampung Simpang Entilibon.
He said the third allocation was in line with the government's strategy to reduce hardcore poverty.
The project involves a land area of 9,000 hectares zoned for oil palm cultivation undertaken by 1,022 villagers from 16 kampungs within the Kuamut state constituency.
Rural Development
Shafie Apdal: our long term aim is to help rural people fend for themselves
Rural and Regional Development Minister Datuk Seri Shafie Apdal said his ministry has prepared a comprehensive roadmap to maximize the potential of rural economic activities for the target group.
Stressing the importance of bringing sustainable development to communities living in the rural areas, Shafie spoke about specific measures to boost growth, productivity and employment.
“This approach would bring better development to the rural areas,” he told reporters at a thanksgiving gathering recently.Shafie added that the programmes are designed to ensure that there would be no overlapping of development efforts.
SEDIA
Strong Interest in SDC from China Investors
China investors show a strong interest in investment prospects in Malaysia, particularly Sabah, said Datuk Dr. Mohd Yaakub Johari Chief Executive President of Sabah Economic Development and Investment Authority (SEDIA).
Oil and Gas
CM: Exploit oil and gas but mind the environment
There is an air of excitement in Sabah's oil and gas industry as the State takes an increasing role in the development of this highly lucrative resource. As large oil companies such as PETRONAS, Shell and Murphy Oil plan their business strtegy to make the most of Sabah's oil and gas, the State Government is losing no time in developing the infrastructure and industrial facilities required to accommodate the business sector's needs.
SOGT
How Sabah fares in the nation’s economic transformation programme
Sabah is well positioned to play a major role in th the economic transformation program, as the state is well endowed with resources to interact fully with the 12 National Key Economic Areas (NKEA) to develop a high income economy.
SMEs
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Helping SMEs play a bigger role in Sabah's manufacturing sector
According to Minister of Industrial Development Datuk Raymond Tan Shu Kiah, the European economic crisis halfway across the world has had, to some extent, an adverse impact on Sabah's export to Europe and America. As a result of the crisis, demands for Sabah's goods in these countries have dropped, causing the state's total exports to decrease from RM49.4 billion in 2012 to RM47.8 billion in 2011.
TEKUN Nasional
Loans to help Sabah entrepreneurs find their footing in business
If others can succeed, why can't you? The Chief Minister of Sabah threw this challenge to more than 4,000 Sabahan entrepreneurs at the gathering of TEKUN Entrepreneur Community at the Menggatal Hall, today.
Bioeconomy
The nation’s evolution into Bioeconomy
The focus of the world is shifting from sole reliance on the unsustainable fossil-feul based economy to a more diversified power base, especially bio-feul with the application of biotechnology across industries and sectors.
Economy
Yee urges closer Sino-Sabah ties
Deputy Chief Minister Datuk Dr. Yee Moh Chai called on Sabahans to explore ways that would lead to the strengthening of cultural and economic ties with China to achieve mutual prosperity. Dr. Yee, who is also Minister of Resource Development and Information Technology said this at the installation of the Ma-Zhong Friendship Association of Sabah in Kota Kinabalu last Sunday, which also marked the 39th Anniversary of the Establishment of the Malaysia-China Diplomatic Relations.
Economy
High GDP growth driven by domestic consumption in 2013
According to the Malaysian Institute of Economic Research (MIER), the country's economy is expected to grow 5.6 percent this year, driven primarily by its domestic economy. However, inflation is expected to rise to 2.5 percent due to an increased inflow of capital into the manufacturing sector.
The institute also forecasts the nation's gross domestic product (GDP) for the year 2014 to be within 5 and 6 percent with inflation to be maintained at 2.5 percent.
Dr. Zakariah Abdul Rashid maintains that at this rate Malaysia's economic growth is faster than the global economic growth, which is projected at 3.3 percent in 2012 and 3.6 percent in 2013.
Minimum wage
Minimum wage: Yee reckons employers should be kind and sympathetic to their workers
Deputy Chief Minister Datuk Dr Yee Moh Chai said that the basic consideration in regard to the minimum wage issue is whether employers can show sympathy and kindness towards their employees by paying them the minimum wage.
He said the minimum wage decision came after months of consultations between associations of employers and bodies representing the workers.
oil and gas
Five major PETRONAS projects in Sabah coming on-stream in 2013
The state's oil and gas industry will reach an important milestone this year as 5 of PETRONAS' key projects in Sabah will start coming on stream.
The projects are the Sabah Oil and Gas Terminal (SOGT), the Sabah-Sarawak Gas Pipeline (SSGP), the Kimanis Power Plant (KPP), the Kimanis Petroleum Training Centre (KTC) and the Kinabalu NAG upstream development.
According to Joseph Podtung, chairman of PETRONAS Sabah and Labuan, these projects are part of PETRONAS' overall plan to optimise the value of the oil and gas resources found offshore of Sabah.
Economy
Sabah continues its top notch Growth
A statement by the Oxford Business Group on December 19 indicates solid investment figures and stable economic growth for Sabah in 2012, thus earning the State government much praise for the state's financial management. Oxford Business Group noted that the state's focus would shift towards the implementation of the programmes covered by the 2013 budget designed to build on the past achievements.
In pictures
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State Assemblymen Swearing in Ceremony |
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Closing Ceremony of IT training for usage of IOS and Android |
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The 6th Biennial Sabah Games (SAGA) 2013 |
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Quotes of the Day
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A clearer understanding of the objective behind initiatives such as the giving out of communal grants is important so that the people will not be confused and misled into thinking that the government of the day was not assisting them in land matters.
Chief Minister Datuk Seri Panglima Musa Aman said during a courtesy call by the committee members of Sabah Native Land Owners Association (SANLODA) at the Sabah State Legislative building, yesterday.
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Before we move further ahead in developing the Oil and Gas industry in Sabah, it is important that we gain better knowledge of and a full understanding on the approach taken by the nation as a whole in this sector of the economy
Deputy Chief Minister cum Minister of Industrial Development Datuk Raymond Tan said at the 17th Asia Oil and Gas Conference in Kuala Lumpur. Tan led the delegation from Sabah to the Conference.
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I hope all elected representatives will make full use of the State Assembly sitting as the best platform to not only participate actively in debates, but also more importantly, every word said represent the voice of the grassroots
Chief Minister Datuk Musa Aman speaking at the State dinner in conjunction with the opening of the State Assembly sitting in Likas.
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We strive to empower all members of society, including women to ensure they reach their fullest potential and play a greater role in driving Sabah's future development
Chief Minister, Datuk Seri Panglima Musa Haji Aman, said in his address at the swearing-in ceremony for members of the Sabah Women Advisory Council (MPWS) held at his official residence in Seri Gaya yesterday.
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If we wish to become a more developed and more inclusive society, employee welfare must be prioritised. I ask all employers to commit to pay their workers a living wage.
Prime Minister, Datuk Seri Najib Tun Razak, said in his keynote address at the Invest Malaysia 2013 in Kuala Lumpur, yesterday. Malaysia had introduced the Minimum Wage Policy in July last year, and employers were given until early this year to begin complying with the new regulation.