DATUK Seri Hajiji, as the new CM in September 2020, inherited a very poor economy after the Covid pandemic, almost empty state coffer and negative GDP at 8.7%.
KOTA KINABALU: SMJ Sdn Bhd (SMJSB), Sabah's fledgling oil and gas company, has achieved a key milestone after successfully pricing its inaugural RM900mil Islamic medium-term notes (IMTN), or sukuk wakalah, on Oct 16.
I would like to devote this article on the essence of the speech I delivered on behalf of Sabah Economic Advisory Council to the Sabah Chinese Economic Conference on 23 August 2023. The speech consists 4 parts. Part 1-Why re-create Sabah The past. Part 2- Hajiji’s -creation of Sabah. Part 3.- Solutions for major infrastructure problems. Part 4- Hajiji’s New Sabah. Exciting opportunities
Most points in my speech are public facts and can be verified in the press and google.
Part 1-Why re-create Sabah-The past.
Soonest Hajiji was sworn in as CM, he was confronted with many serious problems. Some of which are:
[a] Sabah has been in an economic doldrum since the mid-1980s [almost 40 years]. We were the No. 2 state in Malaysia, only behind Selangor, but has since sunk to the bottom position. Economic growth has been stunted with the lowest household income and highest rate of unemployment. Thousands of young Sabahans have migrated to W Malaysia and Singapore to seek j
Kota Kinabalu: Sabah Development Bank (SDBank) which courted controversy in previous administrations over loan approvals will come under the purview of the Chief Minister.
KOTA KINABALU: State-owned Sabah Development Bank (SDBank) will explore strategic partnerships with other development financial institutions to fund targeted development projects in the state.