Author: Medecci Lineil

Govt serious in balancing fiscal position, says economist

KUCHING: An economist has lauded Budget 2023 as a wise move amid global challenges, highlighting its holistic approach beyond just figures. “The government is serious in balancing the fiscal position and debt level of the country,” said Universiti Malaysia Sarawak (UNIMAS) economist Dr Jerome Kueh when contacted by New Sarawak

Initiative to support children with disabilities

KUCHING: Exciting new initiatives aimed at promoting inclusivity and diversity in society are being rolled out by the Women, Childhood and Community Wellbeing Development Ministry. According to its minister, Datuk Seri Fatimah Abdullah, among these initiatives is the state’s commitment to supporting children with disabilities. “In our state-owned preschool which

Concerns over fairness of dividend distribution

KUCHING: The government’s distribution of dividends in the newly unveiled Budget 2023 has come under scrutiny, with concerns raised over the fairness of the approach in the Amanah Saham Bumiputera (ASB) initiative. Speaking with New Sarawak Tribune yesterday, Malaysia Venture Capital Management Berhad (MAVCAP) chairman Tunku Alizakri Alias spoke out

Speaking truth to power

“What I know for sure is that speaking your truth is the most powerful tool we have.’ – Ophah Winfrey, American talk show host and philanthropist.  Several years ago, I worked at an esteemed economic think tank in Kuala Lumpur as a senior economic analyst. At the time, certain economic

Inflation rate at 4.3 per cent in January

KUCHING: Sarawak has been experiencing a rise in inflation, with an increase of 4.3 per cent in January 2023. According to the Department of Statistics Malaysia, this figure is higher than the national average of 3.7 per cent and is part of a trend that has been seen in the

Boosting job prospects for school leavers through TVET

KUCHING: The state government is creating more opportunities for school leavers to engage in technical and vocational education and training (TVET) as an alternative to university education, with the potential to explore job prospects in neighbouring countries like Brunei and Indonesia. Deputy Minister for Education, Innovation and Talent Development II

10% sales tax on low-value goods from April 2023

KUCHING: Malaysian consumers who have been enjoying the convenience of online shopping for low-value goods (LVGs) may need to adjust their spending habits starting April 1, 2023. The government will be introducing a 10 per cent sales tax on LVGs purchased through online platforms, regardless of whether the seller is

Chicken and egg production costs in Malaysia

KUCHING: As of September 2022, the average cost of producing chicken per kilogramme and an egg in Malaysia was RM6.53 and RM0.48 respectively. The study, which was released by Department of Statistics Malaysia (DoSM) recently, revealed that the production cost for chicken broilers comprised 98.6 per cent of direct cost

New hens to the rescue

KUCHING: As the poultry industry in the peninsular works towards stabilising supplies to address domestic shortages, over in Sarawak, players are struggling with a slightly different issue: an apparent lack of eggs. Although the demand for chicken meat skyrocketed during the festive seasons, most parts of the state still had

Market prices to stabilise poultry industry

KUCHING: The government’s decision to allow market forces to determine the prices of chickens and eggs has been welcomed by economists, who believe that it will help to stabilise the poultry industry in Malaysia. Centre for Market Education (CME) economist Dr. Carmelo Ferlito told New Sarawak Tribune that this move