Kota Kinabalu, Monday, 11 September 2023
For the rakyat at large, the most important thing on their minds is the economy. It’s more fundamental than political rhetoric or things like Race, Religion, and Royalty (3R) issues, because families are struggling to stay afloat, especially those still serving housing and car loans.
This is a reality confirmed by a recent survey done by the independent research organisation Ilham Centre, last month.
The latest increase in prices of rice has added to the long list of financial challenges faced by the lower income group.
It’s a sad situation that the Malaysian economy and our significant trading partner, China, have not fully recovered from the pandemic, leaving many businesses still struggling to make up for their pandemic-induced losses.
Sarawak Premier Tan Sri Abang Johari Openg also expressed his concerns over Malaysia’s inability to focus on economic development due to political bickering in Peninsular Malaysia.
He criticised leaders who exploit divisive issues for political gain while calling for the need for unity to address critical issues and promote national progress despite ongoing political discord.
According to the Member of Parliament Datuk Suhaili Abdul Rahman, Labuan’s lack of investment, despite its free port status 15 years ago, had resulted in a worrisome outflow of young job seekers, compounded by declines in oil and gas activities, tourism, and retail businesses on the island.
Federal spending, particularly on infrastructure projects, should be expedited to provide a vital and long-delayed stimulus to the cash economy. Prioritising the execution of development projects and the approval of business investments is essential to speed up the overall economic recovery.
Sabahans are encouraged to participate and contribute to the Sabah Maju Jaya (SMJ) initiative. Together, we can strengthen our internal resilience during these challenging times.
Yong Teck Lee
Nominated Assemblyman