Singapore Business Federation to attract more Singaporean investors to Sarawak

Abang Abdul Karim (second right) talking to reporters during a press conference after paying a courtesy call on the Sarawak Premier at Wisma Bapa Malaysia here today (July 12, 2022). Photo credit: JaPEN Sarawak

KUCHING, July 12: The Singapore Business Federation (SBF) will continue to work to attract Singaporean private companies to invest in a variety of sectors in Sarawak.

According to the Sarawak Public Communication Unit (Ukas), SBF country head (Thailand, Malaysia, and the Philippines) for Southeast Asia and Pacific Global Division Tan Teck Lee said the matter was made possible by the collaboration between the organisation and the Sarawak government via the Sarawak Trade and Tourism Office Singapore (Statos) and the Sarawak Business Federation.

“We are exploring investment opportunities in various sectors in Sarawak, including agro-food and energy.

“Hopefully, after the meeting with the Sarawak Premier, we will continue to work closely in the long run to bring more projects for the benefit of Sarawak,” he stated at a press conference today after paying a courtesy call on Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg at Wisma Bapa Malaysia here.

Meanwhile, Sarawak Business Federation president Datuk Abang Abdul Karim Tun Openg emphasised that SBF’s experience as a 20-year-old organisation will assist the State’s economic development.

“We are attempting to attract more investment, particularly from Singapore, to support Sarawak’s Post Covid-19 Development Strategy (PCDS) 2030,” he noted.

In the meantime, UOB chief executive officer (CEO) Ng Wei Wei mentioned that her organisation will work with SBF, the Sarawak Business Federation, and Statos to attract investors who share the same vision of developing the economy in a sustainable manner.

“The State is endowed with natural resources, land, and green and renewable energy, and this is the key to attracting more investment.

“Furthermore, I am confident that Sarawak Premier’s vision to prioritise green energy development through the PCDS 2030 is a good sign for foreign investors who want to do business in a sustainable manner,” she added.

In addition, Statos CEO Chew Chang Guan assured that the company will continue to work hard to highlight Sarawak’s potential, particularly in the tourism and investment sectors. — DayakDaily