By Christopher Lidom
KUCHING, Nov 21: The Sarawak government will allocate RM7 million for InvestSarawak in 2023 to facilitate domestic investment and make Sarawak a preferred investment destination.
According to Premier of Sarawak Datuk Patinggi Tan Sri Abang Johari Tun Openg, under the initiative, it is vital that growth gravitates to the business sector and will continue to boost investment that will drive productivity, create jobs, and generate income for Sarawakians.
“The State 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.
“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.
For the second initiative, Abang Johari pointed out that the State Government will continue to provide young Sarawakian entrepreneurs with the platforms to become successful business leaders.
He said various initiatives will continue to be implemented under the Sarawak Budget 2023 that will ensure 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.
“Among the initiatives are the Special Relief Fund, Targeted Relief and Recovery Facility (TRRF) and PENJANA Tourism Fund (PTF) with an allocation of RM18 million; Small and Medium Industries Loan Scheme (SPIKS) with an allocation of RM14 million.
“This includes Graduan Ke Arah Keusahawanan (GERAK), Vocational and Technical Entrepreneur (USTEV) and Transformasi Usahawan Desa Sarawak, with an allocation of RM7 million to assist graduates, school leavers, and rural entrepreneurs with technical skills to start and expand their businesses; and Go Digital Programme with an allocation of RM5 million to develop digital savvy SMEs and assist them to market their products and services through e-commerce,” he added. — DayakDaily
