SIBU: University of Technology Sarawak (UTS) is targeting greater financial resilience, operational efficiency and stronger governance by 2030 under Sarawak’s state-owned enterprises transformation programme.
Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said UTS had participated in the Financial Self-Reliance and High-Performance Study for state statutory bodies and government-linked companies this year.
He said the initiative formed part of the Sarawak government’s broader efforts to strengthen governance, institutional performance and financial sustainability among state-owned enterprises (SOEs).
“As part of the Sarawak SOEs transformation programme, UTS has developed and submitted comprehensive strategies, key initiatives, and financial projection to support its future growth.
“UTS has further pledged its commitment to undertake and implement these strategies as outlined in the transformation playbook,” he said at the university’s 11th Convocation Ceremony here today (Nov 14).
Abang Johari said the transformation is aimed at helping UTS achieve greater financial resilience, improve operational efficiency and productivity, as well as strengthen its governance practices by 2030.
He stressed that the transformation of Sarawak’s SOEs is essential to achieving the state’s development aspirations and ensuring public resources generate sustainable economic and social returns.
“Our SOEs are not just executors of government policies, they are important drivers of economic growth, investment, infrastructure development, transportation, digital transformation, and social progress,” he said.
He said the contribution of SOEs, including UTS, would be indispensable as Sarawak worked towards its gross domestic product (GDP) target of RM282 billion by 2030.
Abang Johari said UTS must position itself as a strategic institution that nurtured future-ready talent, advanced research and innovation, and supported Sarawak’s transition towards a high-income economy.
