Sabah International Business and Economic Summit 2022 News Clips
28 Feb 2022, Bangkok Post
Reviving Sabah
The economy of Sabah, a Malaysian state in the northern part of Borneo Island, has fallen into a slumber during the Covid-19 pandemic, with the lowest growth among the country's states. Sabah's economy has mainly been driven by commodity-related sectors, especially agriculture, mining, oil and gas, and tourism -- making the state and its people dependent on the global markets and vulnerable to global economic shocks. This vulnerability has been exposed during the pandemic in the form of a high unemployment rate, which increased from 5.8% in 2019 to 9% in the third quarter of 2021 compared to 4.7% nationwide, according to Department of Statistics Malaysia. Many of these job losses have involved low-skilled workers in the primary sector.
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17 Jan 2022, New Straits Times
Focus on domestic tourists who can contribute significant revenue, says Masidi
ourism players have to focus on domestic tourists while awaiting for the international borders to be opened. Sabah Finance Minister II Datuk Seri Masidi Manjun said that while most operators were eagerly anticipating for the international borders to be opened, it would be easier to tap on the local market. "Opening the international borders is not as simple as it sounds. In fact, most of the countries in the world have yet to open their borders.
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17 Jan 2022, New Straits Times
'Policy needed to encourage domestic investment among Malaysians'
The Sabah Malaysian International Chamber of Commerce and Industry (MICCI) has called for the development of a policy to encourage Malaysians to invest in the domestic market. Sabah MICCI chairman Datuk Seri Wong Khen Thau said domestic investors were equally significant to foreign direct investment (FDI) in the country. "When we talk about a new economy such as investments, it is high time we get domestic investment, not just FDI. "FDI comes and goes, they come when things are cheaper. It isn't just Malaysia looking for it but many other countrie
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17 Jan 2022, New Straits Times
Sabah revenue surpassed RM5 billion last year
Sabah created new history by achieving the highest ever state revenue surpassing RM5 billion last year, despite the challenges from the Covid-19 pandemic. The state's economic growth in 2021 showed a recovery trend and continued to grow slowly at a positive rate of 3.8 to 4 per cent, said Chief Minister Datuk Seri Hajiji Noor. In 2020, he said the state's economic growth declined by 9.5 per cent which was significantly less than the expected decrease of between 15 and 19 per cent.
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17 Jan 2022, The Star
Hajiji: Investors welcome to explore vast business opportunities in Sabah
The Sabah government is calling on investors both domestic and abroad to explore the vast business opportunities in the state ahead of the Covid-19 pandemic recovery. Chief Minister Datuk Seri Hajiji Noor said with the pandemic slowing down, efforts have been made to ensure the revival of various industries in the economy. “Sabah is open for business. We call on start-ups, entrepreneurs, businesses and investors to have a closer look at Sabah and see what we have to offer,” he said in his keynote speech at the Sabah International Business and Economic Summit held at the Sabah International Convention Center here on Monday (Jan 17).
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18 Jan 2022, The Star
Sabah is open for business, says Hajiji
hree memoranda on high impact investment in agriculture, industrial and tourism will be signed soon in Sabah as the state goes into recovery mode from the Covid-19 pandemic, says Chief Minister Datuk Seri Hajiji Noor. He said the state was certain these new investments, including an innovative solar glass manufacturing and a large-scale herb plantation, would get good returns while creating jobs. “We look forward to partnering with more investors who are serious about doing business with us,” he said in his keynote address at the Sabah International Business and Economic Summit. Hajiji assured investors the state would facilitate the implementation of these projects.
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18 Jan 2022, Daily Express
State Govt confident tourism sector will recover
HE State Government is confident that the tourism sector will recover with the reopening of borders although the Covid-19 pandemic has affected global tourism, said Chief Minister Datuk Seri Hajiji Mohd Noor. ADVERTISEMENT He said Sabah’s tourism industry had always outperformed industry expectations in the past years as it was the third largest sector for the State economy, contributing more than 10 per cent of Gross Domestic Product (GDP), with..
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18 Jan 2022, Daily Express
Sabah is open for business: CM
Investors and entrepreneurs are invited to have a closer look at what Sabah has to offer now that the State is open for business, said Chief Minister Datuk Seri Hajiji Mohd Noor. ADVERTISEMENT He said the State Government is always interested in exploring collaborations on building win-win private-public partnerships...
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18 Jan 2022, Daily Express
Sabah needs to go out to lure investments, says Salleh
Sabah needs to go all out to lure investments which should be the new growth driver for Sabah, said Qhazanah Sabah Group Chairman, Datuk Seri Dr Salleh Said Keruak. He said this was necessary as for many years, Sabah did not receive a huge amount of investment. “Over the past 40 years, based on the reported figure of the total approved investments by Mida in Sabah, in most years total investment was less than a billion. “Certain other states like Selangor and Penang received over a billion a year without fail most of the years. Investment may come in many forms and range of sectors or sub-sectors, from manufacturing to tourism,” he said. Sharing his thoughts at the Sabah International Business and Economic Summit (SIBES), here, Monday, Salleh said Sabah must now focus on attracting high-quality investments from foreign and domestic companies through various investment strategies and policy initiatives amid the Covid-19 pandemic.
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17 Jan 2022, Bernama
Industrial tree plantation a game-changer to revive Sabah's timber industry
-- Industrial Tree Plantation (ITP) is a game-changer to revive Sabah’s timber industry to its former peak production of 12 million cubic metres in the 1980s, said Chief Minister Datuk Hajiji Noor. He said ITP, an innovative public-private partnership between the Sabah Government and timber industry to reduce and relieve pressure on tropical timber and the forest, is projected to earn RM7 billion per year from timber exports. Hajiji said, under the ITP initiative, the timber industry players in Sabah's private sector will plant 80 million trees in 10 to 12 years involving an investment of RM4 billion.
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17 Jan 2022, Borneo Post
Private sector in Sabah to plant 80 million trees
The private sector from the timber industry in Sabah will plant 80 million trees in 10 to 12 years with an investment of RM4 billion under the Industrial Tree Plantation (ITP) initiative. Chief Minister Datuk Seri Panglima Hajiji Noor said the ITP is an innovative public-private partnership between the Sabah state government and the timber industry to reduce and relieve pressure on tropical timber and forest.
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17 Jan 2022, Borneo Post
Sabah potential regional hub for manufacturing, maritime and transportation
hief Minister Datuk Seri Panglima Hajiji Noor envisions Sabah as a potential regional hub for manufacturing, maritime and transportation for emerging and developed countries. He said Sabah is the land of endless potential owing to its strategic location in the middle of Southeast Asia and in the heart of the Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP-EAGA).
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17 Jan 2022, Free Malaysia Today
Cut red tape to attract more investments in Sabah, says Salleh
Sabah should focus on attracting high-quality investments from foreign and domestic companies for the state’s growth and development, said Qhazanah Sabah Group chairman Salleh Said Keruak. He said attracting these investments needed various strategies and policy initiatives amid the Covid-19 pandemic. Giving examples, Salleh said the investment approval period must be reduced and processes should also be simplified. “For example, time to process applications that have to undergo Environmental Impact Assessment or Detailed Environmental Impact Assessment should be shortened,” he said. Speaking at the Sabah International Business And Economic Summit, he emphasised that this is crucial as the state has been left behind in terms of investments for many years.
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18 Jan 2022, Malay Mail
DCM: Sabah hopes to earn upwards of RM2.2b from carbon credit deals
Sabah aims to earn up to RM5.6 billion annually by leveraging on its forests in carbon credit and other nature monetising deals, said deputy chief minister Datuk Seri Jeffrey Kitingan. The state agriculture and fisheries minister said the state has taken steps to modernise the industry and create a new source of income by monetising Sabah’s many natural assets.
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18 Jan 2022, Daily Express
Sabah needs to go out to lure investments, says Salleh
Sabah needs to go all out to lure investments which should be the new growth driver for Sabah, said Qhazanah Sabah Group Chairman, Datuk Seri Dr Salleh Said Keruak. He said this was necessary as for many years, Sabah did not receive a huge amount of investment. “Over the past 40 years, based on the reported figure of the total approved investments by Mida in Sabah, in most years total investment was less than a billion.
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18 Jan 2022, Daily xpress
Direct efforts to boost domestic tourism: Masidi
Local tourism players have to direct their efforts to boost domestic tourism while waiting for the international borders to be reopened. State Finance Minister II Datuk Seri Masidi Manjun said domestic tourism, which can generate RM2 billion annually or 30 per cent of the total market, is a big prospect that can’t be ignored. “While most operators are eagerly anticipating for the international borders to be opened, it would be easier to tap on the local market.
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18 Jan 2022, New Straits TImes
Sabah to attract nature conservation initiatives
Sabah hopes to generate between RM2.2 billion to RM5.6 billion a year through private finance initiatives that focus on nature conservation. Sabah Deputy Chief Minister Datuk Seri Dr Jeffrey Kitingan said this was part of the modernisation and transformation programmes by the government to preserve and safeguard the interests of the indigenous communities. "The success of the nature conservation is expected to attract PFI (private finance initiative) of up to USD10 billion," said Kitingan. Kitingan said this during the Sabah International Business and Economic Summit (SIBES) 2020 at the inaugural the Sabah International Convention Centre (SICC) here.
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20 Jan 2022, The Star
Norway keen on Sabah’s green energy venture
orway is keen to work with Sabah on renewable energy production, says the country’s ambassador to Malaysia Morten Paulsen. He told Chief Minister Datuk Seri Hajiji Noor that Norway was prepared to explore the development of renewable energy as part of the state’s green initiatives. Hajiji said Sabah was keen to tap into Norwegians’ expertise in terms of developing green energy in the state. “We welcome the interest shown by Norway in Sabah’s renewable energy production sector. “Norway is well known for its capability in renewable energy production using state-of-the- art technology,” he said after meeting Paulsen at Menara Kinabalu here yesterday. Paulsen was attending the Sabah International Business and Economic Summit (SIBES) on Monday and Tuesday.
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18 Jan 2022, Berita Harian
Industri padi dan beras Sabah merosot
Industri padi dan beras di Sabah merosot ke paras terendah sejak 1980-an dengan tahap sara diri hanya mencapai 22.81 peratus pada 2020. Timbalan Ketua Menteri, Datuk Dr Jeffrey Kitingan, berkata kadar itu bersamaan pengeluaran 74,000 tan beras berbanding keperluan sebenar mencecah 400,000 tan. Berikutan itu, katanya Sabah terpaksa mengimport kira-kira 320,000 tan beras bagi memenuhi keperluan penduduk negeri ini.
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18 Jan 2022, Free Malaysia Today
Sabah to earn RM2bil to RM5bil from carbon deals, says Jeffrey
Sabah deputy chief minister Jeffrey Kitingan said the state is expected to earn RM2.2 billion to RM5.6 billion annually from carbon trading as well as other natural asset monetising deals. Speaking at the Sabah International Business and Economic Summit (Sibes) 2022, Jeffrey, who is also the state agriculture and fisheries minister, said the state would be able to earn huge revenue while keeping its forests pristine and safeguarding the interests of the native communities.
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18 Jan 2022, Bernama
Romania eyes new cooperation projects with Malaysia - Ambassador
Romania is eyeing new cooperation projects with Malaysia that can benefit people in both countries says Romanian Ambassador to Malaysia and Brunei Nineta Barbulescu. She said Romania, which established bilateral relations with Malaysia in 1969, hoped to assist with new projects in various fields such as agriculture, renewable energy, green project, tourism and academic studies. “It is important for this point in time to start new projects to foster a good bilateral relationship that we have as countries and people...for me, it is important to advance new ideas,” she told a press conference here tonight
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17 Jan 2022, See Hua
州政府吁国内外投资者 疫情复苏前探索沙商机
首长拿督斯里哈芝芝今表示，随疫情放缓，州政府已努力确保经济中各行业复苏。 在沙国际会展中心举行的沙国际商业和经济峰会上发表主题演讲时，哈芝芝强调沙巴对商业开放：「我们呼吁初创企业、企业家、商家和投资者仔细观察沙巴，看看我们能提供什么。」 哈芝芝列举几个沙经济复苏努力例子，他将见证签署3份关于农业、工业和旅游业高影响力投资谅解备忘录。
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17 Jan 2022, See Hua
马希迪：等待边境开放同时 旅游业者应专注国内游客
他表示，虽然大多数业者都热切期待开放国际边境，但开拓本地市场会更容易。 「开放国际边境并不像听起来那么简单，事实上，世界上大多数国家还没开放边境。」 「我认为我们应该听听科学和医学科学（解释的理由）所给出很好的理由（关闭边境）。我们一直非常依赖中国，有些人认为，当我们开放边境时，中国游客将回流。」 「我相信中国对新冠肺炎（清零政策）也有严格的规定，我非常怀疑他们可以出境来到这里的预期人数。」
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17 Jan 2022, Warta Oriental
哈芝芝：開放態度推動 歡迎外國企業來沙尋商機
儘管沙巴經濟受到疫情的衝擊，但是沙盟政府看好今年沙巴的經濟復甦。 首長拿督哈芝芝說，州政府已經積極推動各種舉措，包括重新開放經濟領域部門和允許跨州縣，以促進經濟復甦。 他也說，沙巴對商業保持開放態度，同時呼籲創業家、企業家、投資者仔細發掘沙巴的商機以及潛能。 「我們一直有興趣探索建立雙贏的公私夥伴關係的合作。」 他說，聯邦實施的國家復甦計劃和各種刺激方案，已成功加快沙巴經濟復甦的努力。
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17 Jan 2022, Sin Chew Daily
哈芝芝：发展工业种植林 出口木材可年赚70亿
沙巴首长拿督斯里哈芝芝表示，工业树木种植林 （ITP）可以为沙巴的木材工业带来颠覆性变化，使其产量恢復到1980 年代的1200万令方米峰值，估计每年可以从木材出口赚取70亿令吉外他说，根据这项倡议，私营木材业者将在10至12年内种植8000万棵 树，投资额为40亿令吉，将种植40万公顷人工林，可以为上游工业製 造4万个就业机会（涉及熟练和半熟练工人），一段时间后再为下游工 业製造4万个就业机会，并确保永续经营。
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17 Jan 2022, Sabah View
哈芝芝：沙商机巨大 吁国内外投资者探索
亚庇讯：州政府呼吁国内外投资者在新冠疫情复苏之前，探索本州的巨大商机。 首席部长拿督斯里哈芝芝諾今日说，随着疫情的放缓，州政府已努力确保经济中各个行业的复苏。 在沙巴国际会展中心举行的沙巴国际商业和经济峰会上发表主题演讲时，哈芝芝強调，沙巴对商业开放。 “我们呼吁初创企业、企业家、商家和投资者仔细观察沙巴，看看我们能提供什么。”
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17 Jan 2022, Sabah View
等待国际边境开放同时 马希迪：专注国内游客
亚庇讯：沙巴第二财政部长拿督马希迪曼俊今日劝告本州旅游业者，在等待国际边境开放的同时，必须专注于国内游客。 他表示，虽然大多数业者都热切期待开放国际边境，但开拓本地市场会更容易。 “开放国际边境并不像听起来那么简单,事实上，世界上大多数国家还没有开放边境。” “我认为我们应该听听科学和医学科学（解释的理由）所給出很好的理由（关闭边境）。 “我们一直非常依赖中国,有些人认为，当我们开放边境时，中国游客将回流。” 马希迪在沙巴国际会展中心出席“沙巴国际商业与经济峰会”后表示，他相信中国对新冠肺炎（清零政策）也有严格的规定，“我非常怀疑他们可以出境来到这里的预期人数。”
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18 Jan 2022, Asia Times
哈芝芝对重启国门感乐观 平衡大众/高端旅游
首席部长拿督哈芝芝诺昨日指出，在汲取疫情的教训后，沙巴如今的策略是在大眾旅游及高端旅游求取平衡。 因此，他对本州旅游业能在大马重启国门后取得复苏感到乐观。 他说：「尽管冠病疫情已经影响了全球旅游业，但我们仍对旅游业的复苏感到乐观……我们正在开展多个项目以吸引高端类别的游客，例如洛高宜综合度假城开发项目等。」 哈芝芝是在亚庇为2022年沙巴国际商业及经济峰会开幕礼时这麽表示。为期2天的该峰会主题为「挖掘沙巴潜能，释放商机」。
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18 Jan 2022, Asia Times
“ 沙巴路在何方？” 黄权道：不应偏向依赖外资 须制定獎励国内投资政策
大马国际工商会沙巴分会主席拿督黄权道昨日指出，与其偏向依赖外资，大马政府应制定鼓励国人在国内投资的政策。 他表示，国内投资者与外国投资者同等重要，「当我们谈论新经济时，我们应设法获得国内投资，而不仅是外国投资。」
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18 Jan 2022, Asia Times
重启国门能有多少中客来沙？ 应先专注国内旅游
州地政及房屋部长拿督马西迪曼俊昨日指出，重启国门迎接游客并非一如「听起来那麽简单」，甚至是作为本州主要游客来源的中国亦采取疫情清零的严格规定，「我非常怀疑他们前来沙巴的人数。」 他认为，各造仍得听取科学和医学专家的意见，他们对过去各国关闭边境「给出很好的理由」。 他说：「我们一直非常依赖中国，有些人认为，当我们开放边境时，中国游客将回流，我则非常怀疑……事实上，世界上大多数国家还没有开放边境。」 马西迪也是第二州财政部长，他是在2022年沙巴国际商业及经济峰会主讲「平衡生活和生计：沙巴未来之路是什么？」后向报界这麽表示。
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19 Jan 2022, Asia Times
州政府与私人公司签3备忘录 寻求落实43亿投资计划
沙巴州政府部门及州营机构昨日与来自国内外的私人公司签署总共3份备忘录，寻求落实总值逾43亿令吉的投资计划。 首席部长拿督哈芝芝诺是在亚庇见证是项配合2022年沙巴国际商业和经济峰会举行的签署仪式。 首份备忘录是州政府通过农渔部与BorneoMed有限公司签署，旨在发展投资达3亿5000万令吉的综合草药种植园。该公司将提供商业技术如种植材料、密植和高产种植技术、物联网系统、智能农业数码化、商业加工设备、仓储系统等基础设施。
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18 Jan 2022, Oriental Daily
沙政府与3公司签谅解备忘录 招徕总额43亿投资
沙巴首长拿督斯里哈芝芝诺今日在沙巴国际会展中心见证州政府、沙巴基金局和投资者为配合2022年沙巴国际商业和经济峰会，签署3份谅解备忘录，招徕逾43亿令吉的投资。 沙州政府通过州农渔部与BorneoMed私人有限公司签署谅解备忘录，乃是发展综合草药种植园，投资达3亿5000万令吉
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18 Jan 2022, Overseas Chinese Daily News
位於東盟東部成長區戰略地位 沙巴將確保復甦計劃成功
沙巴位於東盟東部成長區(BIMP-EAGA)戰略性位置，沙巴將盡其所能確保復興計劃，包括 BIMP-EAGA 經濟走廊發展的成功。 首席部長拿督斯里哈芝芝諾披露，沙巴 - 砂拉越 275 kV 互連電力交換協議支持婆羅洲電網，砂拉越 - 西加里曼丹的跨婆羅洲電網互連項目，皆對東盟電網項目至關重要。因為它是提升沙巴的電力供應系統。 他強調，穩定的電力供應將直接增加國內外投資，同時支持製造業和上游工業的增長，有助於輕、重工業創造更多就業機會。 水電供是受州政府高度重視的兩個關鍵設施，它也包括水力發電。
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18 Jan 2022, Overseas Chinese Daily News
哈芝芝諾:州政府盼更多具影響力新投資 進軍沙巴帶來豐厚回酬
首席部長拿督斯里哈芝芝諾（圖）披露，他將於明日見證三份關於農業、工業和旅遊業高影響力投資的諒解備忘錄的簽署。 這些新投資包括創新的太陽能玻璃製造和大型藥草種植園，將確保沙巴獲得豐厚回報，同時為人民創造就業機會。 他說，州政府期待與更多認真開展業務的投資者合作，他也向國內外投資者保證，州政府將加強這些項目的實施，以確保其成功。 首長是今日在沙巴國際會展中心舉辦的沙巴國際商業和經濟峰會（SIBES）上，發表重要演詞時，如是披露。
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19 Jan 2022, Overseas Chinese Daily News
沙巴草藥產業太陽能商業中心豪華住宅建設 3大發展計劃獲43億投資
沙巴將透過預計將於今年實施的草藥產業、太陽能以及商業中心和豪華住宅建設相關的發展合作計劃，獲得超過 43 億令吉的投資額。 有關計劃涉及在州政府和州政府關聯公司 (GLC) 與本地和外國投資者公司的合資企業中實施的三個投資項目。 這三個投資項目的諒解備忘錄今天配合在沙巴國際會展中心舉行的2022年沙巴國際經濟及商業峰會（SIBES）上簽署。首席部長拿督斯里哈芝芝諾出席見證。
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19 Jan 2022, Overseas Chinese Daily News
意大意投資者業內人士 探索沙巴投資機會
意大利的投資者和業內人士目前正開始在沙巴尋找投資機會。 意大利駐馬大使馬西莫表示，沙巴州是一個具有投資潛力的州，它為意大利企業家提供了許多投資機會。 他說，基本上，意大利的投資者已經在馬來西亞投資，但主要是在西馬半島，他相信該國的投資者會對來沙投資感興趣，他將致力於向其他投資者推介沙巴。 馬西莫是今日前往州元首府禮貌拜會元首敦佐哈後，向媒體如是表示。
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18 Jan 2022, Warta Oriental
首長：與3投資機構簽備忘錄 為沙帶來43.5億投資額
沙巴首長拿督哈芝芝今日見證了沙政府、沙巴基金會和投資者，在沙巴國際會展中心舉行的2022年沙巴國際商業和經濟峰會（SIBES）所簽署的3份諒解備忘錄。 首份諒解備忘錄是沙政府通過沙巴農業和漁業部與BorneoMed公司簽署，以發展綜合草藥種植園（SIHP），投資額達3億5000萬令吉。
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18 Jan 2022, See Hua
杰菲里：产量仅满足23%需求 沙设稻米局实现自供自足
副首席部长拿督杰菲里吉丁岸博士表示，这相当于稻米产量仅7万4000公吨，但实际需求却达到40万公吨。 因此，他说，沙巴必须进口约32万公吨白米，以满足本州人口需求。 也是州农渔部长的杰菲里，在沙巴国际会展中心晋入第2天的沙巴国际商业和经济峰会上，针对沙巴农业转型和现代化特别演讲中提到，为了改变这种情况，并确保更好地管理稻米工业，州政府已同意设立沙巴稻米局。