KUCHING: Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg wants state government agencies and leaders to adapt swiftly to the evolving global economic landscape.
He stressed it is important to reassess current development plans in light of global economic uncertainties, including ongoing tariff disputes among major economies.
He said the state is indirectly affected by this scenario as it could influence prices of oil and other commodities produced in Sarawak.
“Today, the price of oil hovers around US$65 (a barrel) although we had expected it to range between US$85 or US$90, so this does have an impact on us. The impact could include a potential reduction in our revenue, and secondly, there is a lack of clear direction in trade policies among developed and developing countries.
“That is why, whether we like it or not, we need to take heed of this uncertain economic situation.
“We need to revisit our emphasis on our development plan and adjust ourselves in response to these uncertainties,” he said.
He was addressing the Premier Department’s Aidilfitri Ramah Tamah event at the Sarawak Legislative Assembly (DUN) complex today (Apr 14).
Abang Johari disclosed that Sarawak has been recognised as a new emerging market for industrial clusters in the Asia Pacific region by the World Economic Forum (WEF).
He said that during a recent visit, WEF identified Bintulu as one of only four or five new industrial clusters globally.
In response to this international acknowledgment, Abang Johari emphasised the need to enhance infrastructure, particularly in strategic locations such as Bintulu, Tanjung Kidurong and Samalaju.
“This recognition is highly positive for Sarawak.
“We must upgrade the environment and infrastructure in these areas to fully leverage this opportunity.
“This will become a new development hub identified by the World Economic Forum, prompting us to interact further with international companies and countries.”
As such, Abang Johari expressed optimism about Sarawak being part of the new market for foreign countries to establish trade, where the state holds key advantages, including cost benefits.
“One thing is certain: everyone needs energy, and we have the advantage in terms of energy supply as well as the development of green energy.
“This has been acknowledged by foreign parties,” he said.
