State relishes getting carte blanche cheque — Naroden
Datuk Mohd
Naroden Majais
KUCHING: Giving Sarawak complete freedom to manage all federal government allocations will help soften the impacts of falling oil and commodity prices on the state’s economy.
Assistant Minister in Chief Minister’s Office (Entrepreneur Development) Datuk Mohd Naroden Majais opined that if the federal government just hand over all funds approved for Sarawak, the state could ensure all programmes and projects would be implemented effectively.
“Autonomy is the key to ensure effectiveness (of project/programme implementations) by cutting off red tape to reduce incidences of delayed or sick projects.
“It is also the only way to stop funds from being withdrawn, apart from helping Sarawak to cushion the impacts of commodity and oil price fall,” he said in response to a recent report by Moody’s Investors Service entitled ‘Sarawak – Sub-sovereign – Malaysia: Sarawak’s Conservative Budgetary Practices, Strong Liquidity Blunt the Effect of Falling Oil Prices”.
The report stated that Sarawak would remain resilient against the impacts of falling commodity prices in the near future. The report, however, cautioned that a prolonged period of low oil prices might erode the state’s financial might.
“Despite the falling prices of our commodities, especially crude petroleum and crude palm oil, Sarawak will still be able to see its plans implemented throughout the 11th Malaysia Plan,” said Naroden, also Assistant Minister of Resource Planning.
Acknowledging that the state’s revenue from oil had dropped drastically, Naroden said revenues from other traditional sources such as timber and land premiums continued to flow into the state’s coffer.
In terms of fossil fuel, he said the state was basically affected only by the fall of the price of crude petroleum.
The price of liquified natural gas (LNG) had not been affected as the state had long term contracts with its importers.
In the fuel sector, Petronas’ commitment to give RM2.1 billion worth of contracts to local contractors would create more job opportunities and spur domestic spending.
To prepare locals to secure high-level jobs in Petronas and other giant companies in Sarawak Corridor of Renewable Energy (SCORE), the state had embarked on producing more skilled manpower by setting up technical colleges and universities, and Naroden believed this effort would further stimulate the domestic market.
“The upgrading of the Pan Borneo trunk road to a highway will also help spur economic growth in the state.
“Basically, Sarawak has a strong economic foundation. Development may slow down a little bit in the near future, but I believe the state can sail through this economic downturn.”
Read more: http://www.theborneopost.com/2015/10/29/state-relishes-getting-carte-blanche-cheque-naroden/#ixzz3pxDVoL6p
carte blanche cheque /ˈkɑ:t ˈblɑntʃ /tʃek// (French words) blank cheque
My comments:
It is called plundering and exploitation at will from the imperialist Federal government. Count how many promises of all the allocations since 1963 have been fulfilled and by how many %.
Sarawak more or less have been pawned by X-CM Taib Mahmud (33years) and his uncle Yacob (n years).
Another fact to note is that the Sarawak MPs have been too docile to say, "No!" and to guard the interests of Sarawak. They have been only mindful for their own interests and positions to care for Sarawak as a whole.
The deplorable conditions people especially in the rural areas face today are the results of poor governance. Do you want to give anymore supports to your own ethnic leaders who have betrayed you all the time since time immemorial?
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