By : OXFORD BUSINESS GROUP THE 10th Malaysia Plan (10 MP) has identified 12 pass mercantile areas that will expostulate the inhabitant manage to buy from middle-income to high-income status. Four areas applicable to Sabah's mercantile bulletin have been the tourism, agriculture, oil as good as gas, as good as palm oil industries.
Read the OBG Talks To Chief Minister of Sabah, Datuk Seri Panglima Musa Haji Aman as settled below.
OBG : What stroke is the Sabah Development Corridor (SDC) having upon the state's enonomic growth?
MUSA: The state's manage to buy has proven to be utterly resilient since the launch of the SDC upon january 29, 2008. At the height ofthe recent tellurian mercantile downturn, the expansion of the modernized economies declined to 0.2% as good as -3.2% in 2008 as good as 2009 respectively, while Malaysia available 4.7% as good as -1.7% in the same years.
Sabah, upon the alternative hand, purebred 7.7% in 2008 as good as managed to sojourn positive during 3.3% in 2009. We have been expecting the state's manage to buy to ride by the tellurian mercantile miscarry in 2010 as good as make firm further in 2011, driven by supervision spending, expansive commodity prices as good as brand brand brand brand new investment.
Annual GDP expansion is approaching to normal during some-more than 7%. Looking during the opening of the SDC thus far, ! since th e beginning of the Ninth Malaysia Plan, that was additionally the timeline of the first proviso of SDC, Sabah's meant sum monthly household income increasing to RM3102 ($ 972) in 2009, from RM2395 ($ 751) in 2004.
The normal expansion rate of income was available during 5.3% over the period 2004-09, as good as misery incidence declined from 24.2% in 2004 to 19.7% in 2009. The SDC has had the largely positive stroke upon mercantile growth.
OBG : What areas of the manage to buy have been being targeted to capture an enlarge in in isolation zone investment?
MUSA: The 10th Malaysia Plan (10 MP) has identified 12 pass mercantile areas that will expostulate the inhabitant manage to buy from middle-income to high-income status. Four areas applicable to Sabah's mercantile bulletin have been the tourism, agriculture, oil as good as gas, as good as palm oil industries.
The mercantile contributions of these industries have been approaching to enlarge over the march of the 10 MP? Key industries identified by the state supervision under the SDC programme have been resource-based industries such as palm oil, cocoa as good as rubber; food estimate industries involving fruits as good as vegetables, sea as good as aquaculture products, dairy as good as livestock; petro-chemical as good as gas industries; as good as silica-based industries.
Emphasis will be since to enhancing prolific capacity, including developing modernized industrial infrastructure, the promotion of tellurian collateral expansion as good as investigate as good as expansion (R&D) activities, as good as the promotion of knowledge-based industries.
At the launch upon January 29, 2008, SDC received the vital boost with the s! igning o f 13 agreements as good as memoranda of understanding worth RM16bn ($ 5bn). The proposed investments from the in isolation zone were in biodiesel, agriculture, agro tourism, shopping, illness as good as healing tourism, as good as transportation.
These projects have been now during assorted stages of implementation. For the years 2011-12, coinciding with the First Rolling Plan of the 10 MP you will go upon to exercise these policies in further to alternative initiatives in tourism, agriculture, prolongation as good as infrastructure.
The SDC programmes have been written to grasp the socioeconomic objectives of Sabah by harnessing unity in diversity as good as healthy resources to catalyse investments in to brand brand brand brand new expansion areas. The programmes as good as projects will be saved by the combination of public supports in isolation zone investments as good as in isolation finance initiatives.
To await this objective, the competitive package will be customised to capture in isolation zone investment in the promoted sectors, generally in knowledge-intensive sectors such as the biotech as good as ICT industries, as good as in directed towards vital expansion areas (SDAs).
Anchor companies as good as SME's, as good as start-ups as good as quality brand brand brand brand new investments, wi|l be speedy to try in to the targeted sectors inside of the flagship mercantile clusters as good as projects in the directed towards SDAs.
OBG : The second proviso of SDC aims to further make firm the manage to buy by promotingthe expansion of the SME segment. How can this aim be achieve?
MUSA: lt is important to note that the expansion of SMEs will not only await the incomparabl! e multin ational companies (MNCs) though additionally provide an avenue of destiny expansion for Sabah. We will additionally launch SME Accelerator programmes such as the Manufacturing Leaders
Programme as good as SME Agro-preneur Programme in that companies during opposite stages of expansion (from the early stages by to the expansion stage) will have entrance to customised await services.
An SME accelerator programme will primarily be established during Sabah Agro-Industrial Precinct to primarily maintain as good as await agro-entrepreneurs. Business Link centres will additionally be established to broach commercial operation advisory services to local SME's.
The advisory services would cover areas such as operational improvements, matchmaking with intensity buyers as good as suppliers, as good as selling as good as pattern for exports. Anchor companies will be aided in starting up businesses in each of the mercantile clusters inside of the SDAs. SME's as good as start-ups will be speedy to rivet with applicable anchor companies by the Business Link centres.
In further to the upon top of measures, detailed sub-sectoral studies have been consecrated by the Sabah Economic Development as good as Investment Authority (SEDIA) in industries regarded as having high mercantile stroke such as tourism, oil as good as gas, as good as biomass attention with the perspective to brand opportunities for SME's.
SEDIA shall additionally go upon with existent programmes being implemented to await SME's, generally under the Economic Transformation Programme laid out in the 10 MP?
Sabah has the number of normal sources of wealth. such as plantations, line oil as good as gas. that brand brand brand brand new sectors is the SEC start! ing to p romote?
OBG : Sabah has the number of normal sourceof wealth, such as plantations, commodities, oil gas. Which brand brand brand brand new zone s is the SDC starting to promote?
MUSA: The Malaysian government, by the 10MR has recognised the role of scholarship as good as record in transforming Malaysia in to the knowledge-based manage to buy as good as the grown nation by 2020.
The plan emphasised the adoption as good as freeing of brand brand brand brand new technologies as good as innovations of ICT, biotechnology as good as alternative technologies, generally in the identified pass mercantile areas.
Malaysia, as good as Sabah in particular will benefit from higher investment in niche expansion areas such as biotech, green industry, wellness as good as illness care, quite by the complete make use of of knowledge, creation as good as technology, leveraging upon the unique factor endowments.
SDC endeavours to intensify tellurian collateral expansion as good as precedence the stream imagination inside of the investigate communities to create tolerable government of healthy resources as good as biodiversity, as good as compelling science-industry linkages in tourism, agriculture, prolongation as good as logistics.
An primary step in this direction involves the establishment of the Business couple centres as good as the Sabah Bio-Xchange Network. This will assistance to pool resources as good as imagination as good as assuage the shortage of tellurian collateral expansion in the reduced term. ln the longer term, measures will be taken to capture eminent training as good as investigate institutions to enlarge the pool of local talent, generally in to the Sandakan Education Hub, as g! ood as t he lnterior Education Hub. Rural communities will additionally be empowered to entrance suitable technology.
Additionally, Sabah's rich, multi-ethnic cultural heritage, together with the scenic islands, unpolluted environment as good as the healthy endowments such as singular wildlife, pleasant rainforest as good as diverse sea life, should assistance to inspire the presentation of beautiful industry. In the past Sabah has hosted countless television as good as movie producers from general prolongation houses. Under the SDC initiative, you see the intensity for continuing to rise beautiful attention in Sabah.
There is, however, the dire need to deposit in as good as promote entrance to record as good as systematic knowledge. With scholarship as good as record pushing creation as good as additionally portion as the pass mercantile as good as industrial enabler for brand brand brand brand new sources of expansion in biotech, green industry, wellness as good as illness care, as good as in the beautiful industries, jobs can be combined as good as improved entrance to illness caring as good as education can be provided.
From this development, tiny as good as vast commercial operation owners can be net-worked as good as improved connected to customers as good as newinvestment opportunities can be created, ensuing in tolerable improvement in the customary of living as good as the economy, making Sabah an important end for destiny investment in business, enlightenment as good as nature.
(NOTE : Oxford Business Group is the tellurian edition as good as consultancy company producing annual investment as good as mercantile reports upon some-more than 30 countries. Every commercial operation intelligence report is formed upon in-country investigate conducted over an normal of six months by gifted analyst! s. To br and investment opportunities, you draw upon some-more than 1,000 first-hand sources. You need only one Oxford Business Group.) - Sabahkini
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