Abg Jo: S'wak Sovereign Wealth Future Fund to start Jan 1, 2024, with RM8 bln
Abg Jo: S'wak Sovereign Wealth Future Fund to start Jan 1, 2024, with RM8 bln
KUCHING (Aug 14): The Sarawak Sovereign Wealth Future Fund will start its operation on Jan 1 next year with an initial appropriation of RM8 billion from the state, announced Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg today. "Our sovereign wealth fund subsequently will receive scheduled
Hmm
Hmmmm, it rhymes, but will it repeat?
Kan and there's more opacity there in trying to secure access as well
All is good for headline story and on paper for publicity, but the bottom of the story is it opens a portal for them to songlap.
Sarawak, your history on transparency and corruption is just beyond the scale that known to us, it is like staring into abyss.
Typical Malayan snobbery, god forbid if a state wants to be more independent and don't rely on Putrajaya as much right?
Nope.
Sarawak has always been rich in terms of GDP per capita, consistently in top 3 of all Malaysia states in the past decade, just behind Kuala Lumpur and Labuan, beating Selangor, Penang and Johor [1] that most people perceived as rich and economy driven states.
Their 2022 finances:
Revenues RM 11.9 billion (2022) [2]
Expenses RM 10.6 billion (2022) [3]Sarawak economy has traditionally heavily depended on natural resource extraction and exports, i.e., oil and gas, timber and palm oil. Their main export partners [4]:
Japan (25.8%)
Peninsular Malaysia (15.7%)
Peoples' Republic of China (11.3%)
Republic of Korea (7.3%)
Republic of China (Taiwan) (7.2%)They have their control long ago to enrich themselves and just that the peasants willingly fooled themselves to believe they have not been in control and grateful they have the second coming of Jesus to resurrect them from independence.
[1] https://en.wikipedia.org/wiki/List_of_Malaysian_states_by_GDP