KUCHING, Nov 21: The Sarawak government remains committed to creating an ideal climate for investment through attractive policies and initiatives to shore up the confidence of both local and foreign investors.
As such, a total of RM7 million has been allocated for the established InvestSarawak, an entity to attract Foreign Direct Investments (FDI) into the state.
Finance and New Economy Minister, Datuk Patinggi Tan Sri Abang Johari Tun Openg said the entity is to spearhead new directions by driving in local and foreign investors to uplift the state’s economy.
“In this respect, we have established InvestSarawak to promote Sarawak globally towards attracting foreign direct investment,” he said when tabling the Sarawak Budget 2023 at the Sarawak Legislative Assembly (DUN) Sitting today.
On another note, the Premier also highlighted that the state will continue to provide platforms to assist young entrepreneurs to recover their businesses post-pandemic.
“Various initiatives will continue to be implemented under the 2023 budget that ensures business continuity, among others, provision of soft loans, interest subsidies, financial assistance for start-ups, product development, capacity building, e-Commerce, and promotion and marketing,” he said.
Among them are the Special Relief Fund, Targeted Relief & Recovery Facility (TRRF), and Penjana Tourism Fund (PTF) with an allocation of RM18 million while Skim Kredit Mikro Sarawak and Small and Medium Industries Loan Scheme (SPIKS) were granted RM14 million. – TVS
