Sarawak to decide fate of SOEs with no strategic value in State Budget 2027
KUCHING (Sept 22): The future of Sarawak-owned enterprises (SOEs) that no longer serve a purpose or hold strategic value will be determined by the policy direction and decisions to be outlined in the Sarawak 2027 Budget, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. However, he declined to say whether the state government [...] The post Sarawak to decide fate of SOEs with no…
KUCHING (Sept 22): Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg has stated that the future of Sarawak-owned enterprises (SOEs) that no longer serve a strategic purpose will be determined by the policy direction in the Sarawak 2027 Budget. However, he did not specify whether any SOEs will have government funding discontinued ahead of the Budget's release.
Abang Johari emphasized that decisions on SOEs should be based on long-term interests, not sentiment. The Phase 2 study of the Sarawak SOEs Transformation Programme identified several approaches, including consolidation, merger, enhancement and refocusing of selected entities. The focus of the transformation is to create greater value from the state's assets.
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