The Federation of Industries Sabah (FSI) has been working closely with the state government to reduce the quit rent in Kota Kinabalu Industrial Park (KKIP) to boost the competitiveness of Sabah’s industrial parks.
“We hope to hear good news from the government soon on reducing the quit rent of KKIP which will reduce the cost of doing business in KKIP,” said FSI Vice President, Ng Vui Chuan who echoed the view of FSI president, Richard Lim that the Federation had been cooperating closely with the Ministry of Industrial Development (MID) on the matter since 2018
Sabah-based Suria Capital Holdings Bhd, which is engaged in investment holding and property development, has appointed deputy head of Sabah division for Parti Pribumi Bersatu Malaysia Datuk Juslie Ajirol as one of its new independent and non-executive directors effective on Tuesday (Feb 1).
Cement price increase will aggravate inflation. The announcement of cement price increase could not have come at a worst possible time when Sabah has barely started to recover from severe economic depression induced by Covid-19.
The State Government is working doubly hard to rejuvenate the economy which has seen negative growth in recent years, finding ways to keep the cost of living, especially food items, from rising further when the global inflation is still raging on.
The cement price increase without sufficient justifications being given has made these 2 onerous tasks much more difficult for the Sabah’s Government