Steep price for reforms
GST is not just a tax reform; it’s an economic and social reform. – Narendra Modi, Indian Prime Minister Seeing how things turned out in politics and the government today, Malaysians are pining for a return to the ‘good old days’. Of course, the government pre-GE14 (14th general election) is not facing the challenges today […]
Malaysia’s states show encouraging economic performance in 2022
KUCHING: Despite global economic uncertainty, geopolitical conflicts and disruptions in food supply chains, all states in Malaysia demonstrated promising economic performance in 2022, according to the Gross Domestic Product (GDP) report released by the Department of Statistics Malaysia (DOSM) on Tuesday (June 27). The report revealed positive growth across all sectors, positioning Malaysia on a […]
Watch out for simple stories
Economics is haunted by more fallacies than any other study known to man – Henry Hazlitt, American economist, 1894-1993 In this week’s column, we continue the discussion from last week’s piece, where I shared my insights on how economists can change the game. This perspective emerged as we delved into the fascinating realm of numbers, […]
Increasing employer EPF contribution will derail economic recovery
KUCHING: Employers in general are not in favour of the proposal to increase employer contributions to the Employees Provident Fund (EPF), says Datuk Jonathan Chai. The Sarawak Business Federation (SBF) secretary-general opined that the current statutory prescription of the rates of deduction and contribution towards the retirement savings for EPF members was sufficient in meeting […]
Sea sport challenge to get bigger next year
MIRI: Water sports events can accelerate the local community’s economic recovery following the Covid-19 pandemic. Saberkas Bekenu branch adviser Datuk Rosey Yunus said given this prospect, the branch is planning to host the Peliau Beach Sea Sport Challenge on a bigger scale next year to attract more international tourists. “Besides, we also have Pantai Peliau’s […]
Entrepreneurs’ body a platform to engage with government
MIRI: The Malaysia Entrepreneurs’ Development Association (PUMM) Sarawak plays a vital role as a platform that not only engages the industry players but also brings them closer to the government, especially post COVID-19. According to Minister for Transport Sarawak Datuk Seri Lee Kim Shin, there was a need for engagements between the government and the […]
Premier optimistic of strong domestic economy
MIRI: Sarawak is on the right track to economic recovery as most of its indicators show an upward trend. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg expressed his optimism that the domestic economy will gradually improve and become stronger after COVID-19. “These three years have been very challenging as the pandemic has caused […]
State on road to economic recovery
KUCHING: The Gabungan Parti Sarawak (GPS) government has laid down a clear roadmap towards economic recovery after the COVID-19 pandemic through the Post-COVID-19 Strategic Development 2030 (PCDS 2030) and realign the policies towards a greener and decarbonised earth. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the Sarawak government has high hopes of […]
Economic recovery due to proactive policies
BY SARAH HAFIZAH CHANDRA & NOOR SYAHHIRA HADY KUCHING: Economic recovery has been achieved as a result of the state government’s proactive policies and measures to stimulate domestic economic activities. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said these achievements will come to naught if the state has an unstable political environment. “That […]
COVID-19 outbreak is not hindering China-Malaysia economic cooperation, trade
KUCHING: The China-Malaysia economic and trade cooperation has shown strong vitality and resilience with fruitful results despite facing the impact of the COVID-19 pandemic. Consul General of the People’s Republic of China in Kuching Xing Weiping said last year the bilateral trade between China and Malaysia reached a record of USD176.8 billion, and investment was up […]
