Latest news with #JailaniHasan
Barnama
14 hours ago
- Business
- Barnama
Sarawak's Self-reliant Infrastructure Surge Sets It Apart From Federally Dependent Sabah
BUSINESS Former President of the Chartered Institute of Logistics and Transport (CILT) Malaysia and vice-president of CILT International for Southeast Asia, Datuk Dr Ramli Amir By Jailani Hasan LABUAN, June 25 (Bernama) -- Despite sharing similar geographies and economic aspirations, Sarawak and Sabah have taken markedly different paths in infrastructure development. Former President of the Chartered Institute of Logistics and Transport (CILT) Malaysia and vice-president of CILT International for Southeast Asia, Datuk Dr Ramli Amir, said Sarawak has emerged as a model of self-reliance, independently funding large-scale infrastructure projects. At the same time, Sabah remains heavily dependent on federal allocations, resulting in development delays and fragmented logistics. 'Over the past decade, Sarawak has allocated billions of ringgit toward roads, bridges, ports, and industrial zones, all without resorting to debt or federal funding. 'The state government's fiscal discipline and adoption of innovative financing, including an alternative funding model introduced in 2019, have enabled accelerated infrastructure rollout. 'Sarawak's commitment to strategic financial management is exemplified by the RM11 billion invested in ten bridges, executed without external borrowing,' he said in a statement to Bernama today. Ramli said the decision to replace the Infrastructure Development Trust Fund with a unified modern financing mechanism highlights the state's focus on project efficiency and accountability. He added that political stability and a long-term vision have also enabled Sarawak to maintain consistent development through initiatives such as the Coastal Road Network, the Second Trunk Road, deep-seaports, and free industrial zones.
Barnama
14 hours ago
- Business
- Barnama
Financial Park Labuan Owners Receive Strata Titles After 28-year Wait
BUSINESS By Jailani Hasan LABUAN, June 25 (Bernama) -- After nearly three decades of ownership, 31 shop unit owners and nine Alpha apartment unit owners at the Financial Park Complex finally received their long-awaited strata titles today. The issuance follows an application process by Financial Park (Labuan) Sdn Bhd that began in 2018, after the enforcement of the Strata Management Act 2013 in Labuan. The titles were officially handed over by the Director General of the Department of Survey and Mapping Malaysia (JUPEM), Datuk Hazri Hassan, at Financial Park Complex here today. Financial Park (Labuan) Sdn Bhd chief executive officer Johari Mesar said the mixed development comprises 419 commercial lots designed for various business activities and related facilities. 'This is a long-awaited achievement for our unit owners who have invested here since 1996. 'The strata title grants them formal ownership recognition and opens doors to better asset value management,' Johari said to Bernama after the handover ceremony. He said Financial Park Labuan has undertaken upgrading works across several areas of the complex to enhance the value of its commercial assets. 'In addition, we are working closely with Labuan Corporation to ensure all business operators at the complex are properly licensed. This is crucial for maintaining regulatory compliance and supporting a healthy business ecosystem,' he said.
