Wednesday, 13 August 2025

Self-governance delivers

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KUCHING: Sarawak’s projected 6.5 per cent GDP growth this year and surging investor confidence are clear signs of how self-governance can deliver real economic results, says the Sarawak Bumiputera Entrepreneurs Chamber (DUBS).

Its president, Datuk Abang Helmi Ikhwan, said the state’s economic resilience stems from its strong foundation in oil and gas, palm oil, timber and renewable energy.

“Much of the current momentum is driven by the Sarawak Corridor of Renewable Energy (SCORE), which continues to attract both domestic and foreign investment, especially in the energy and manufacturing sectors,” he said in conjunction with the Sarawak Day celebration.

Thanks to its vast hydropower resources, Sarawak has achieved energy security and begun exporting electricity to neighbouring regions. “This sustainability focus not only reflects global trends but also creates opportunities for businesses in green tech and eco-friendly innovation,” Abang Helmi added.

He highlighted infrastructure development as another pillar of growth. State-led projects such as the Coastal Highway and key river crossings are enhancing regional connectivity and trade.

“Completed bridges like Jambatan Batang Sadong, Jambatan Muara Lassa and Jambatan Sungai Limbang Kedua are already delivering results, while the ongoing Jambatan Batang Lupar is set to further integrate rural communities,” he said.

Abang Helmi also commended the state’s continued support for small and medium enterprises (SMEs), especially Bumiputera ventures. Financial aid through grants and loans has enabled local entrepreneurs to scale, while upcoming policies promise deeper structural support.

“Our latest engagement with the Premier signals a new commitment—venture capital funding for startups, with a particular focus on Bumiputera SMEs. This will be critical for helping these businesses grow and compete,” he said.

He attributed Sarawak’s economic trajectory to the autonomy it secured in 1963. “That self-governing status has allowed Sarawak to craft policies suited to local needs, implement strategic development, and cultivate a thriving business environment,” he said.

Looking ahead, he stressed the importance of workforce development, rural-urban inclusion and inclusive growth.

“Sarawak is well-positioned to seize new opportunities and meet emerging challenges, strengthening its role as a key driver of national economic progress.”

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