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Abg Jo: S'wak Sovereign Wealth Future Fund to start Jan 1, 2024, with RM8 bln
(www.theborneopost.com)
Hmmmm, it rhymes, but will it repeat?
this post was submitted on 14 Aug 2023
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Kan and there's more opacity there in trying to secure access as well
All is good for headline story and on paper for publicity, but the bottom of the story is it opens a portal for them to songlap.
Sarawak, your history on transparency and corruption is just beyond the scale that known to us, it is like staring into abyss.
Typical Malayan snobbery, god forbid if a state wants to be more independent and don't rely on Putrajaya as much right?
Bro, don't like that bro.
The thing is 1mdb started off as Terengganu state sovereign fund. That's why we feel sus.
Look at this subsequent comment, he called us Sarawakian peasants. It tells you the state of mind when he crafted this comment lol. I’m not the one at fault here
Nope.
Sarawak has always been rich in terms of GDP per capita, consistently in top 3 of all Malaysia states in the past decade, just behind Kuala Lumpur and Labuan, beating Selangor, Penang and Johor [1] that most people perceived as rich and economy driven states.
Their 2022 finances:
Revenues RM 11.9 billion (2022) [2]
Expenses RM 10.6 billion (2022) [3]
Sarawak economy has traditionally heavily depended on natural resource extraction and exports, i.e., oil and gas, timber and palm oil. Their main export partners [4]:
Japan (25.8%)
Peninsular Malaysia (15.7%)
Peoples' Republic of China (11.3%)
Republic of Korea (7.3%)
Republic of China (Taiwan) (7.2%)
They have their control long ago to enrich themselves and just that the peasants willingly fooled themselves to believe they have not been in control and grateful they have the second coming of Jesus to resurrect them from independence.
[1] https://en.wikipedia.org/wiki/List_of_Malaysian_states_by_GDP
did you just call us Sarawakians as peasants, after I have called you out for your Malayan snobbery?
you do realise all Malaysian states depend heavily on Putrajaya for funding yea? and that ultimately what we produce goes back to the government in the form of - income tax, corporate tax, oil royalty and it gets redistributed from the governments coffers yeah?