Sunday, June 16

‘Business-friendly policies, political stability a catalyst for foreign investment’

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Awang Tengah (seated, centre) and Sum on his right in a photo-call with entrepreneurs after the event.

LAWAS: Sarawak remains a highly attractive foreign investment destination in the region due to its ‘very business-friendly’ policies, says Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan.

He says political stability, availability of modern infrastructures, competitive water and electricity tariffs, tax and non-tax incentives as well as skilled workforce have contributed significantly towards raising investors’ confidence.

“To provide all these infrastructures, Sarawak requires a lot of investment, especially foreign direct investment (FDI) to boost development.

“For this purpose, Sarawak must connect directly with investors from within and outside the country as we not only compete with neighbouring countries such as Thailand, Vietnam and Indonesia, but also other states in Malaysia,” he said.

Awang Tengah was speaking during the closing of an entrepreneurship roadshow here yesterday.

According to him, investments not only benefit big companies but also create business and employment opportunities for the people, especially small and medium enterprises.

He said the government has provided various facilities and infrastructures to help entrepreneurs improve their productivity and business capacity.

“These efforts clearly demonstrate that the government is always concerned and sensitive to the needs of the people, especially small and medium entrepreneurs and micro entrepreneurs.”

Awang Tengah also reminded entrepreneurs to be more daring to make a shift in the
empowerment of entrepreneurial economics.

Deputy Minister of Domestic Trade, Cooperatives and Consumerism Datuk Henry Sum Agong and Limbang Resident Ahmad Denney Ahmad Fauzi were among those present at the ceremony.