Published on: Sunday, October 06, 2013
Kota Kinabalu: The State Government will not relent in its efforts to spur the state's economy by implementing various initiatives and development programmes particularly under the 10th Malaysia Plan (10MP), assured Chief Minister Datuk Seri Musa Aman.
He said the State Government would not rest on its laurels despite the good economic performance as well as success in reducing poverty rate from 19.7 per cent in 2004 to 8.1 per cent, last year.
Instead, the State Government is committed and would double efforts with cooperation from the Federal Government to implement various poverty eradication and economic uplifting programmes, he said.
In his speech in conjunction with the 60th Birthday of the Head of State Tun Juhar Mahiruddin on Saturday, Musa said up to Sept. 23 this year, the State Government had already used RM1.2 billion or 40.4 per cent from the RM3.024 billion allocated for Sabah in 2013 under the 10MP.
For the development programmes under State funding in the 10MP, nearly half or RM503.3 million had been spent as of Sept 30 from the RM1.05 billion approved for this year.
Musa, who is also Finance Minister, said the total committed investments under the Sabah Development Corridor (SDC) had touched RM116 billion since its launching in 2008.
At the same time, a total RM1.313 billion had been spent from the RM1.541 billion funds allocated to the SDC authority Sabah Economic Development and Investment Authority (Sedia) under the 9MP and 10MP, he said.
Towards this end, Musa said the State Government would continue to stimulate the state's economic growth through promotion and incentive for foreign investors while at the same time ensuring conducive investment climate.
According to him, Sabah continues to be a major investment attraction in the manufacturing sector with RM5.034 billion investments received from foreign and local investors last year.
Just for the first six month of this year alone, Sabah received RM2.840 billion investments involving nine factories placing the state in fourth place in terms of investment in the manufacturing sector.
In the tourism sector, Musa said up to July this year, Sabah received 621,378 arrivals compared to 541,552 in the corresponding period last year, marking a 14.7 per cent increase.
In ensuring the state continue to move forward, he said the Government had also been striving to improve its delivery system.
"We are proud that 10 ministries that had gone through the star rating assessment last year had already received their respective stars," he said. He hoped more government agencies would show excellent performance in order to boost the state public service competitiveness.
Musa also assured that the State Government was committed in ensuring Sabah's treasured natural environment would be preserved for the future generations.