MARKET DEVELOPMENT
Call To Industries To Leverage New Technology During Economic Slowdown
Call To Industries To Leverage New Technology During Economic Slowdown
22/02/2016 (Bernama) - The application of new technology in Sabah's industrial development is the way forward during the economic slowdown.
State Deputy Chief Minister Datuk Raymond Tan Shu Kiah said this was not only necessary in addressing the global economic uncertainty, but also in meeting the objectives of Vision 2020 towards becoming a high-income developed nation.
"Business is no longer as usual. We have to find ways to build on our industries, especially the tourism and manufacturing sectors," he told reporters at the Chinese New Year open house hosted by Gerakan here today.
Sabah Chief Minister Datuk Seri Musa Aman and Gerakan president Datuk Seri Mah Siew Keong were present.
In another development, Tan, who is also Sabah industrial development minister, said Prime Minister Datuk Seri Najib Tun Razak is expected to launch a biomass blueprint for Sabah and Sarawak in Kuala Lumpur next week.
He said the blueprint augured well for Sabah's oil palm industry as it produced about 30 million tonnes of biomass annually.
On the cabotage policy, he was happy that the Federation of Sabah Manufacturers (FSM) no longer questioned it, instead would seek government's attention in liberalising export activities in the state.
The FSM has been calling for the abolishment the cabotage policy, claiming that it contributed to high prices of goods in Sabah.
The 1980s policy, which requires all domestic transshipment of goods to be done using Malaysian vessels, has been blamed for contributing to rising shipment costs and subsequently higher cost of goods in east Malaysia.
State Deputy Chief Minister Datuk Raymond Tan Shu Kiah said this was not only necessary in addressing the global economic uncertainty, but also in meeting the objectives of Vision 2020 towards becoming a high-income developed nation.
"Business is no longer as usual. We have to find ways to build on our industries, especially the tourism and manufacturing sectors," he told reporters at the Chinese New Year open house hosted by Gerakan here today.
Sabah Chief Minister Datuk Seri Musa Aman and Gerakan president Datuk Seri Mah Siew Keong were present.
In another development, Tan, who is also Sabah industrial development minister, said Prime Minister Datuk Seri Najib Tun Razak is expected to launch a biomass blueprint for Sabah and Sarawak in Kuala Lumpur next week.
He said the blueprint augured well for Sabah's oil palm industry as it produced about 30 million tonnes of biomass annually.
On the cabotage policy, he was happy that the Federation of Sabah Manufacturers (FSM) no longer questioned it, instead would seek government's attention in liberalising export activities in the state.
The FSM has been calling for the abolishment the cabotage policy, claiming that it contributed to high prices of goods in Sabah.
The 1980s policy, which requires all domestic transshipment of goods to be done using Malaysian vessels, has been blamed for contributing to rising shipment costs and subsequently higher cost of goods in east Malaysia.