SBF welcomes S’wak govt’s efforts and initiative to helps empower local economy and businesses

Sarawak Business Federation (SBF) logo

KUCHING, Oct 14: Sarawak Business Federation (SBF) lauded the efforts and initiatives of the State government to introduce the Bumiputera Business Empowerment Fund and Business Recovery Assistance to help empower local businesses and propel the State’s economy.

According to SBF in a statement today, the federation is particularly grateful to the State government for making available the Business Recovery Assistance Fund, a one-off special grant of RM20 million which will be set aside to assist Sarawak Business Federation and its 16 affiliates to organise capacity building and enterprises development programmes for their members.

“The initiative also signifies an invaluable recognition accorded to SBF as an apex organisation representing all the major chambers of commerce and trade guilds in Sarawak,” it said.

In addition, SBF noted they also appreciates the State’s continuous efforts in providing direct and indirect aid measures worth RM285.47 million under Bantuan Khas Sarawakku Sayang (BKSS) 8.0 to help the people and businesses overcome the adverse effects and impact of the pandemic.

SBF believes that the 2022 State Budget will help to create a conducive environment for economic recovery and sustainable growth.

“SBF also thinks that it is a business and people friendly budget that has the potential to help the businesses to stay resilient, open up more business, job opportunities and help to propel the state to become a high income economy by 2030,” it added.

On Oct 12, the Chief Minister Datuk Patinggi Abang Johari Tun Openg announced a budget of RM10.036 billion for 2022, which is the first to be presented without being tabled in the State Legislative Assembly (DUN) sitting due to the Emergency. — DayakDaily