KUCHING: Sarawak’s solid financial performance stems from disciplined management, strong governance and ethical leadership at all levels, says Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.
He said these principles have significantly boosted public confidence while attracting fresh investments into the state.
“Sarawak’s good financial performance and position are clear testimonies of the strong financial discipline and prudent financial management at all levels, which are underpinned by strong governance and ethical leadership in managing the state’s public funds and resources.
“This has created strong public confidence in the administration of the state and attracted new investments in various sectors, reflected in Sarawak’s AAA credit rating,” he said in his speech during the Development Bank of Sarawak (DBOS) Integrity Day held at a hotel here today (Nov 17).
Abang Johari stressed that transparency and accountability in both government and business are vital, especially as Sarawak progresses into a new economic era anchored on sustainability.
“A government and business environment known for transparency and accountability will attract quality and serious investors, especially crucial now as Sarawak is moving into its new era of new economy and sustainability roadmap,” he said.
He added that state-owned enterprises must uphold the same level of governance to function professionally and act as engines of long-term, sustainable growth.
The Premier said ongoing programmes aimed at enhancing integrity and governance play a key role in preventing leakages, ensuring transparent management of natural resources and enforcing strict compliance with financial regulations.
He also highlighted the establishment of the Cabinet Special Committee (CABCOM) in 2024, which rigorously reviews financial reports and annual budgets of state statutory bodies and local authorities.
“This process is vital to optimise resource allocation and prevent financial mismanagement,” he said.
