Thursday, October 4, 2012

Sabah transforming economy into more diversified and knowledge driven

Posted by Smookiekins On 10/04/2012 12:52:00 PM

The Sabah state government is in the process of transforming the local economy from one that is purely resourced based to one that is more diversified and knowledge driven.

“In the manufacturing sector, Sabah’s focus is mainly on agriculture, bio-mass, and the oil and gas industry; tourism remains as a viable alternative exploitation,” Deputy Chief Minister Datuk Seri Pangliam Yahya Hussin said.

“Sabah is the largest producer of crude palm oil in Malaysia and the Palm Oil Industrial Cluster (POIC) in the east coast is one of the venues for the state to venture into downstream processing of palm oil products,” he added.

Speaking at the welcoming dinner for the sixth Brunei Indonesia Malaysia Philippines – East Asean Growth Area (BIMP-Eaga) Heads of Customs meeting last night, Yahya pointed out that in order to facilitate such a wide variety of economic activities, the meeting might want to explore how the rules and regulations of customs administration could be streamlined and standardized across the region.

“A simplified and mutually acceptable process for all BIMP-EAGA countries would be more cost effective for those sectors of the economy affected.

“At this point I would like to share the outcome of the recently concluded seventh BIMP-EAGA Transport Minister Meeting held in Kuching, Sarawak, which focused on the importance of connectivity advancements to enhance the economy and to narrow development gap among member countries.

“It was further reaffirmed the significant contributions of the BIMP-EAGA’s sub-regional cooperation in the development of ASEAN connectivity as whole.

“In terms of physical connectivity, the customs administration has a far reaching role in ensuring that the supply chain involving the movement of people, goods and services remain efficient and practicable,” the Agriculture and Food Industry Minister added.

Present at the dinner was Customs Malaysia director general Datuk Khazali Ahmad.



Source: Borneo Post


5 comments:

  1. we should support any effort made by government to develop our state and country.

    ReplyDelete
    Replies
    1. What we see here govt struggle to make Sabah more develop State in Malaysia. We need to support for the best.

      Delete
  2. SEDIA has taken the initiative to promote new sources of economic growth in Sabah and has engaged with the BiotechCorp to attract investment into the biotech sector, a new source of growth in the State, and at the same time organising programmes including training courses in agro-biotech industries for SMEs and Startups in Sabah Agro-Industrial Precinct.

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  3. developments have encouraged more private investors to consider participating in new investment projects, Entry Point Projects (EPP) and PPPs in the State. I am confident that with the existing close working relations between the State and Federal governments, we are able to leverage on the measures introduced in the 2013 National Budget, to enable Sabah to successfully participate in the Economic Transformation Programme, together with the rest of the nation, to be part of the high income economy.

    ReplyDelete
  4. diharap kerajaan dapat menjana ekonomi Sabah lebih positif dan mantap

    ReplyDelete

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