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Borneo, Sarawak, Sarawak agriculture, Sarawak Corridor of Renewable Energy (SCORE), Sarawak Economy

Sarawak registers RM92.12 billion in trade

LAST year, Sarawak registered a total trade of RM92.12 billion.

This was nearly 25 per cent higher than what the State recorded in 2010.

The State’s major exports were liquefied natural gas (LNG) at 51.3 per cent, crude petroleum (22. per cent) and palm oil (8.5 per cent).

“Collectively, these three products made up 82.4 per cent of Sarawak’s exports worldwide last year. Our major markets were Japan, Taiwan, Korea and China,” said Deputy Minister of International Trade and Industry Datuk Jacob Dungau Sagan.

From January to November last year, the State approved investments totalling RM8.16 billion, making Sarawak one of the highest investment destinations in the country.

He added that 51 per cent were domestic investments and the remainder foreign ones.

“It is predicted that these investment will create about 5,000 job opportunities in the state,” he said.

However, Datuk Sagan pointed out that the State’s major exports were too limited in scope.

“Based on the statistics, I would like to advise Sarawak to promote other sectors in order to export more diversified products overseas. At the same time, try to expand the market share of Sarawak’s products worldwide,” he said in a speech recently.

Well it is a good thing that the State will have the Sarawak Corridor of Renewable Energy (SCORE) in the future.

This will ensure that we are not just reliant on fossil fuels (which seems to be the only plan for some people with limited vision) as we all know that is a resource which will one day be depleted.

That is why the world is investing in renewable energy and it is good to know that the State has the vision to ensure a future for all Sarawakians.

In case you didn’t know, SCORE’s other priority industries include: aluminium industry, steel and glass industry, tourism industry, livestock industry, aquaculture industry and marine engineering industry.

Let’s not forget the Tanjung Manis Halal Hub, with initially over 77,000 hectares of pristine agriculture land.

To be the largest integrated Halal hubs, it will incorporate advanced technologies, renewable energies and sustainable practices to be one of the most scientifically and environmentally advanced Halal hubs in the world.

Real transformation and not just passing change.

A report from The Borneo Post:

Deputy minister: Total trade impressive but lacks diversity

by Salena Pail

MIRI: Total trade registered by Sarawak last year amounted to RM92.12 billion, which is a remarkable 24.5 per cent higher than the 2010 figure.

However, Deputy Minister of International Trade and Industry (MITI) Datuk Jacob Dungau Sagan said although the total trade recorded represented 7.2 per cent of Malaysia’s total trade, the major exports were too limited in scope.

The state’s major exports remained Liquefied Natural Gas (LNG) at 51.3 per cent, crude petroleum (22.6%) and palm oil (8.5%).

“Collectively, these three products made up 82.4 per cent of Sarawak’s exports worldwide last year. Our major markets were Japan, Taiwan, Korea and China,” he said.

“Based on the statistics, I would like to advise Sarawak to promote other sectors in order to export more diversified products overseas. At the same time, try to expand the market share of Sarawak’s products worldwide,” he said at `Matrade and MITI agencies Outreach programme’ here yesterday.

His text-of-speech was read out at Imperial Palace by Malaysia External Trade Development Corporation (Matrade) Sarawak director Noor Azian Romlan.

Dungau said MITI and agencies such as Matrade were ever ready to assist Sarawakians promote their diversified products and services and to broaden their overseas’ reach.

On investments, Dungau said from Jan to Nov last year, the state approved investments totalling RM8.16 billion, thus making it one of the highest investment destinations in the country.

He added that 51 per cent were domestic investments and the remainder foreign ones.

“It is predicted that these investment will create about 5,000 job opportunities in the state.”

On Malaysia Productivity Corporation (MPC), he said the body had been entrusted to enhance the nation’s productivity and innovativeness to move the nation forward.

“The private sector needs to be re-energised in order to generate a more competitive domestic economy. The public sector needs to set up and implement policies aimed at providing a more conducive business environment.”

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