Political pundit: Abang Johari’s ‘financial engineering’ strategy paid off

Dato Peter Minos

KUCHING, May 26: Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg’s ‘financial engineering’ strategy has paid off, opined political pundit Dato Peter Minos.

In a statement today, Minos said Abang Johari’s travels outside of Malaysia have resulted in him coming out with fresh new ideas in sourcing for revenues which are bearing fruits for Sarawak.

“It all goes to show how vital it is to have a top leader whose mind is wide open and receptive to all new ideas, new ways, and new strategic thinking, including thinking outside of the box.

“At the current rate, Sarawak can and will likely be one of Malaysia’s most economically developed regions by 2050. So I am very optimistic,” he said.

Minos said his acquaintance in Kuala Lumpur also remarked that the Abang Johari and the Sarawak government ‘pandai cari duit’ (astute in financial sourcing).

He also said Sarawak would get lots of revenue from its hydrogen capture, solar panels, oil and gas through Petroleum Sarawak Berhad (Petros), energy sales through Sarawak Energy Berhad, sustainable aviation fuels (SAF) from algae, on top of all kinds of traditional and new industries coming up in Bintulu.

He pointed out that the carbon capture, storage, and rentals will return billion of ringgit to Sarawak’s coffers.

“With increased revenues from oil and gas through Petronas, including sales tax on petroleum products and hydro energy, it is not a surprise that Sarawak will have a total yearly revenue of RM30 billion by 2030.

“If so, and most likely, economic and social development will be greatly accelerated in Sarawak. A day will surely come when Sarawak can catch up with the Peninsular in terms of development,” he added. — DayakDaily