By Doreen Ling
KUCHING, Sept 28: Sarawak regulating its own electricity tariff rates, which offer more competitive prices, is seen as a strategy to attract new investment flows into the State.
Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said that Sarawak’s strength lies in its abundant natural resources, which are used to develop the State.
“By regulating our tariff, we decide the cost of electricity, and when the cost is cheaper, we can compete with others, and investors will come here.
“When investors come here, it will create high-paying jobs. That is why we are focusing on fields related to the new economy,” he said during the Sarawak Bumiputera Entrepreneur Awards (AUBS) 2025 ceremony held at a hotel here on Saturday night (Sept 27).
He also touched on how Sarawak was fortunate enough to have many rivers without having to share with others, such as the Nile River which covers 11 countries (Democratic Republic of the Congo, Tanzania, Burundi, Rwanda, Uganda, Kenya, Ethiopia, Eritrea, South Sudan, Sudan, and Egypt) and the Mekong River which runs through Southwest China (where it is officially called the Lancang River), Myanmar, Laos, Thailand, Cambodia, and southern Vietnam.
Meanwhile, speaking on his recent work visit to the London School of Economics and Political Science (LSE), he said Sarawak was praised for its natural capital, which cannot be found in other parts of the world.
“I was also told that what Sarawak should focus on is reinforcing our human capital because the moment you have your human capital on par with natural capital, the world is yours.
“They say the world is ours, so let us work together and make Sarawak ready to be a main player in the world economy,” he said. — DayakDaily
