KUCHING: Sarawak’s achievement of RM14 billion in tax revenue this year reflects the state’s robust economic growth and the effectiveness of its strategic and pragmatic policies.
Associated Chinese Chambers of Commerce and Industry of Sarawak (ACCCIS) president Kong Chiong Ung said this milestone underscores the diligence and innovation of the people of Sarawak, while highlighting the state’s progress in unlocking the potential of a diversified economy and implementing effective reforms.
He pointed out that this growth is not merely an increase in revenue but also the result of Sarawak’s strategic investments over the years in the green economy and high-tech industries, which have now become key pillars of its future economic development.
“The policies introduced by Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg in the State Budget, such as green finance, digital transformation, and the expansion of industrial parks, demonstrate Sarawak’s unique position in the global economic landscape.
“These forward- thinking policies not only enhance the region’s competitiveness but also inject sustainable development momentum for the future.
“These initiatives will effectively drive the transformation and expansion of Sarawak’s business environment, positioning Sarawak as a key player in the Asean market and a focal point for both domestic and foreign investment.”
Kong recommended that the government streamline approval processes, enhance coordination between the public and private sectors, and accelerate the implementation of investment projects.
He said that Sarawak can only maintain long-term competitiveness in an increasingly competitive market through effective policy implementation and close collaboration with businesses.
The core of policy-making, he said, should always be rooted in the actual needs of businesses and the public.
“By striking the right balance between policy formulation and business collaboration, Sarawak can move toward a stable and sustainable economic future.”
He also expressed particular appreciation for the establishment of multiple entrepreneurship centers and the development of high-tech industrial parks.
He noted that these initiatives will create a more supportive environment for entrepreneurs, especially in remote areas and throughout the entire state.
Kong stressed that providing infrastructure alone is not enough; there must also be a focus on fostering inter-regional collaboration, encouraging local businesses to actively engage, and continuously enhancing innovation capabilities.
“The development of industrial parks must align with the transition to a green economy. By introducing advanced technologies while prioritising environmental protection, Sarawak can achieve sustainable, high-quality growth.
“This approach will ensure that the state’s industrial expansion is not only economically viable but also environmentally responsible, supporting long-term prosperity for both businesses and communities.”
He noted that Sarawak’s ‘Sustainable Development Financing Scheme’ is a key policy highlight, underscoring the government’s strong commitment to green transformation.
Therefore, he recommended allocating dedicated funds or partnering with international financial institutions to provide enhanced financing support for SMEs, helping them capitalise on global opportunities in green development.
“Aside from this, Sarawak should consider the development of high-tech parks as a strategic opportunity to attract top-tier international research and development resources.
“By forging extensive collaborations with technology powerhouses in Europe, the Americas, and beyond, Sarawak can strengthen its research capabilities and accelerate the adoption of advanced technologies.”
Kong also encouraged Sarawak’s business leaders to adopt a broader perspective on global economic trends, particularly in areas such as the green economy, smart manufacturing, and digital innovation, in order to seize opportunities as early as possible.
“By forming cross-sector alliances, optimizing supply chains, and enhancing their own research and development capabilities, Sarawak’s businesses can position themselves to build globally influential brands, laying a strong foundation for future growth.”
In accordance with the Budget tabled, he expressed confidence in Sarawak’s future economic prospects and looks forward to the collective efforts of all Sarawakians in not only transforming Sarawak into a new economic hub within Asean but also ensuring that Sarawak’s unique cultural charm and heritage are showcased on the international stage.
“I believe that with the combined momentum of policy and market forces, Sarawak’s economy will continue to evolve toward more diversified and higher-quality development,” Kong added.
