KUCHING: Sarawak will continue to enhance trade and investment ties with China, Japan, South Korea and Asean countries.
Minister of Industrial and Entrepreneur Development, Trade and Investment Datuk Amar Awang Tengah Ali Hasan said the state had much to offer investors, such as energy-intensive and downstream industries at Sarawak Corridor of Renewable Energy (SCORE). For those into things halal, there is the Tanjung Manis Halal Hub for food production, pharmaceutical, health products and cosmetics, among others.
“Investors who are into high tech manufacturing, especially of electrical and electronic components for the global market, we have Sama Jaya High Tech Park,” he said before witnessing a Memorandum of Understanding (MoU) signing ceremony between the state government and Fujian Province Foreign Affairs Office, China, here yesterday.
The MoU was inked between Fujian Province Foreign Affairs Office deputy director-general Wang Tianming and Assistant Minister of Industrial Development (Investment and Promotion) Datuk Julaihi Narawi.
Awang Tengah added that other notable areas for investments in the state included downstream processing of timber and timber-based products like plywood and furniture, downstream processing and manufacturing in the oil and gas industry, petrochemical industry, shipbuilding, and producing oleochemical in the palm oil industry.
He told those present that the manufacturing sector contributed 26.7 per cent to the state’s economy in 2014.
“For the past two years, Sarawak has been the number two investment destination in Malaysia (after Johor), attracting RM11.8 billion in 2015 and RM9.6 billion in 2014.”
On the MoU, Awang Tengah, who is also Second Resource Planning and Environment Minister, said it would strengthen ties between Malaysia and China – especially Sarawak and Fujian Province – in terms of economy and trade.
“China is an important trading partner and major source of Foreign Direct Investment (FDI) for Sarawak. In 2013, our export to China totalled RM8.4 billion while our imports totalled RM3.3 billion. The following year, Sarawak’s export to China totalled RM7.9 billion and imports totalled RM3.9 billion,” he said.
“Our main trading items with China include natural gas, timber and timber products, electrical components, manufactured goods, and machinery,” he said, adding he would be going to China next month to meet several investors who are keen to investing in the state’s electronic and food processing industries.
The MoU, he said, could also spur business and social activities, strengthen people-to-people exchanges between the governments and private sector of both countries, and bolster cultural and educational exchanges.
“The state government greatly values our close ties with the People’s Republic of China. The visit by the Fujian delegation shows the continued goodwill and friendship enjoyed by both parties,” he said.
“I sincerely hope this strong relationship between our governments, business communities and our people can bring all round prosperity for both countries.”
Meanwhile, Wang said Fujian Province was committed to strengthen sister relationship with Sarawak and that the timing for mutual cooperation, especially in terms of investment, was ideal.
“After more than three decades of development, we (Fujian) have accumulated abundant production capacity. By that, I mean many businesses in Fujian, both state-owned and private sector, are ready to go global,” he said.
“Of course we know that Malaysia, especially Sarawak, is a more favourable region for our people to invest.”
He also pointed out Fujian was particularly strong in industries such as petrochemical, machine building, electronic and information as well as traditional industries, such as forestry, fishery, agriculture, food processing, and furniture.
“I think our foundation for cooperation is very strong, and if our technical know-how could join hands and complemented by the natural resources and broad market, we can foresee a very bright future for a win-win situation.”
Also present at the function were Ministry of Industrial and Entrepreneur Development, Trade and Investment permanent secretary Datu Liaw Soon Eng and Fujian Province Foreign Affairs Office division director Yin Lifang.
Wednesday, September 7, 2016
Galore of investment prospects
KUCHING: Sarawak will continue to enhance trade and investment ties with China, Japan, South Korea and Asean countries.
Minister of Industrial and Entrepreneur Development, Trade and Investment Datuk Amar Awang Tengah Ali Hasan said the state had much to offer investors, such as energy-intensive and downstream industries at Sarawak Corridor of Renewable Energy (SCORE). For those into things halal, there is the Tanjung Manis Halal Hub for food production, pharmaceutical, health products and cosmetics, among others.
“Investors who are into high tech manufacturing, especially of electrical and electronic components for the global market, we have Sama Jaya High Tech Park,” he said before witnessing a Memorandum of Understanding (MoU) signing ceremony between the state government and Fujian Province Foreign Affairs Office, China, here yesterday.
The MoU was inked between Fujian Province Foreign Affairs Office deputy director-general Wang Tianming and Assistant Minister of Industrial Development (Investment and Promotion) Datuk Julaihi Narawi.
Awang Tengah added that other notable areas for investments in the state included downstream processing of timber and timber-based products like plywood and furniture, downstream processing and manufacturing in the oil and gas industry, petrochemical industry, shipbuilding, and producing oleochemical in the palm oil industry.
He told those present that the manufacturing sector contributed 26.7 per cent to the state’s economy in 2014.
“For the past two years, Sarawak has been the number two investment destination in Malaysia (after Johor), attracting RM11.8 billion in 2015 and RM9.6 billion in 2014.”
On the MoU, Awang Tengah, who is also Second Resource Planning and Environment Minister, said it would strengthen ties between Malaysia and China – especially Sarawak and Fujian Province – in terms of economy and trade.
“China is an important trading partner and major source of Foreign Direct Investment (FDI) for Sarawak. In 2013, our export to China totalled RM8.4 billion while our imports totalled RM3.3 billion. The following year, Sarawak’s export to China totalled RM7.9 billion and imports totalled RM3.9 billion,” he said.
“Our main trading items with China include natural gas, timber and timber products, electrical components, manufactured goods, and machinery,” he said, adding he would be going to China next month to meet several investors who are keen to investing in the state’s electronic and food processing industries.
The MoU, he said, could also spur business and social activities, strengthen people-to-people exchanges between the governments and private sector of both countries, and bolster cultural and educational exchanges.
“The state government greatly values our close ties with the People’s Republic of China. The visit by the Fujian delegation shows the continued goodwill and friendship enjoyed by both parties,” he said.
“I sincerely hope this strong relationship between our governments, business communities and our people can bring all round prosperity for both countries.”
Meanwhile, Wang said Fujian Province was committed to strengthen sister relationship with Sarawak and that the timing for mutual cooperation, especially in terms of investment, was ideal.
“After more than three decades of development, we (Fujian) have accumulated abundant production capacity. By that, I mean many businesses in Fujian, both state-owned and private sector, are ready to go global,” he said.
“Of course we know that Malaysia, especially Sarawak, is a more favourable region for our people to invest.”
He also pointed out Fujian was particularly strong in industries such as petrochemical, machine building, electronic and information as well as traditional industries, such as forestry, fishery, agriculture, food processing, and furniture.
“I think our foundation for cooperation is very strong, and if our technical know-how could join hands and complemented by the natural resources and broad market, we can foresee a very bright future for a win-win situation.”
Also present at the function were Ministry of Industrial and Entrepreneur Development, Trade and Investment permanent secretary Datu Liaw Soon Eng and Fujian Province Foreign Affairs Office division director Yin Lifang.
Tuesday, December 10, 2013
Taib Envisages Sarawak As Top State In Malaysia Upon Score's Completion
KUCHING, Dec 10 (Bernama) -- Chief Minister Tan Sri Abdul Taib Mahmud
envisages that Sarawak will be the top state in the country from its
current standing as the third largest economy, upon completion of the
Sarawak Corridor of Renewable Energy (Score) programme.
His confidence that Sarawak will achieve that status by 2030, is due to the spirit of comradeship between its top leadership and senior civil servants, and the dedication of the civil service in both the state and federal governments to focus on the national development programme.
"It is not because we are lucky but because we have learnt through lengthy service and exposure on how to adjust development programmes with our own expertise and local affairs on how to convey to the people to participate and haste the pace of development in our country," he said.
Abdul Taib said this today, when officiating the Civil Service Day 2013 and launch of the first e-government kiosk to be located at Merdeka Plaza here.
Also present were Deputy Chief Minister Tan Sri Alfred Jabu, State Secretary Tan Sri Mohamad Morshidi Ghani and Federal Secretary Datuk Md Yahaya Basimin.
Established as among the government's approach to achieve high income status, create more job opportunities and improve the people's living standard, Score is expected to attract RM200 billion in investments from numerous multinational companies, largely those that are involved in energy intensive sectors.
"We have made a great success by being part of Malaysia, contributing towards a more rigorous nation," noted Abdul Taib.
Earlier, Mohamad Morshidi said Sarawak, with its real gross domestic product (GDP) of RM71.9 billion, accounted for 10 per cent of the national GDP, which had increased more than 57 times from RM688 in 1963 to RM40,414 last year.
At the event, the Miri Port Authority received the 2013 state civil service quality award, namely the Sarawak Chief Minister's Gold Award for the state category, whereas the Sarawak Employees Provident Fund received the 2013 Federal Secretary Gold Award.
-- BERNAMA
His confidence that Sarawak will achieve that status by 2030, is due to the spirit of comradeship between its top leadership and senior civil servants, and the dedication of the civil service in both the state and federal governments to focus on the national development programme.
"It is not because we are lucky but because we have learnt through lengthy service and exposure on how to adjust development programmes with our own expertise and local affairs on how to convey to the people to participate and haste the pace of development in our country," he said.
Abdul Taib said this today, when officiating the Civil Service Day 2013 and launch of the first e-government kiosk to be located at Merdeka Plaza here.
Also present were Deputy Chief Minister Tan Sri Alfred Jabu, State Secretary Tan Sri Mohamad Morshidi Ghani and Federal Secretary Datuk Md Yahaya Basimin.
Established as among the government's approach to achieve high income status, create more job opportunities and improve the people's living standard, Score is expected to attract RM200 billion in investments from numerous multinational companies, largely those that are involved in energy intensive sectors.
"We have made a great success by being part of Malaysia, contributing towards a more rigorous nation," noted Abdul Taib.
Earlier, Mohamad Morshidi said Sarawak, with its real gross domestic product (GDP) of RM71.9 billion, accounted for 10 per cent of the national GDP, which had increased more than 57 times from RM688 in 1963 to RM40,414 last year.
At the event, the Miri Port Authority received the 2013 state civil service quality award, namely the Sarawak Chief Minister's Gold Award for the state category, whereas the Sarawak Employees Provident Fund received the 2013 Federal Secretary Gold Award.
-- BERNAMA
Sunday, November 27, 2011
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Wednesday, November 23, 2011
SCORE top investment draw
KUCHING: Despite the challenging global economic environment Sarawak has fared well by attracting the most proposed capital investment in the country for the first eight months of this year, Industrial Development Minister Datuk Amar Awang Tengah Ali Hassan said.
“Statistics from Mida (Malaysian Investment Development Authority) show that Sarawak leads the total capital investments with proposed value of RM7.3 billion.
“Johor is second with RM6 billion and Selangor is third with RM5.9 billion, reaffirming the Sarawak Barisan government’s efforts, good achievement and confidence in developing the Sarawak Corridor of Renewable Energy (SCORE) in pursuit of attaining a high income economy by 2020,” he said.
Awang Tengah, who is also Second Resource Planning and Environment Minister, said this when delivering his winding up speech during the State Legislative Assembly (DUN) sitting yesterday.
He added that out of the total investments of RM7.3 billion approved, RM4.2 billion or 57.5 per cent came from Domestic Direct Investments (DDI) while RM3.1 billion or 42.5 percent came from Foreign Direct Investments (FDI).
He said that these investments, comprising 60 projects, were expected to generate 5,293 employment opportunities.
He enlightened the august house that major sources of FDI came from United Arab Emirates (UAE) with an investment of RM2.2 billion in chemical product (poly silicon), Hong Kong with an investment of RM280 million mainly in basic metal (metallic silicon) and Japan with an investment of RM158 million mainly in basic metal (manganese).
In updating the House on the success of SCORE, Tengah said that as of August this year RM28.55 billion worth of investments flowed into SCORE through 14 mega projects.
“These approved investments are predominantly in the energy-intensive industries such as aluminum smelting plants, polycrystalline silicon, metallic silicon and ferro alloy projects,” he added.
Eleven of the projects are located atSamalajuIndustrial Park, out of which four companies, namely Press Metal Bintulu Sdn Bhd, Tokuyama Corporation Japan, Asia Minerals Ltd (Hong Kong) and OM Holdings Ltd (Singapore) have already commenced construction works.
Two companies, a biotech and the other an agro-based, have commenced operation at Tanjung Manis Halal Hub, while the aluminum smelting plant at Mukah has been in operation since 2009.
“These particular SCORE projects are expected to generate more than 10,000 job opportunities besides creating vast business opportunities through the spin-off effects,” he disclosed.
Meanwhile, with regard to issues raised by Baru Bian (PKR-Ba Kelalan) in the assembly during the earlier part of the sitting, Tengah said that there were 10 priority industries that were aggressively promoted and developed under the SCORE plan.
“The development of these 10 priority industries covers all sectors of the economy. In the primary sector, the focus will be the development of oil palm and planted forests, aquaculture and livestock.
“To illustrate this point, the produce of these primary industries, for example crude palm oil will move to the secondary sector for processing and manufacturing into intermediate and finished products to add more value to the local produces.
“Invariably, all these processes including delivery of products to end consumers require support services such as logistics, banking and marketing in the tertiary sector. As such all these economic activities encompass all sectors of the economy,” explained Tengah.
Read more: http://www.theborneopost.com/2011/11/22/score-top-investment-draw/#ixzz1eVMbTAkg
Tuesday, January 19, 2010
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