Friday, November 18, 2011

Global recession minimal impact on Sarawak - Taib

KUCHING, Nov 13 (Bernama) -- The Sarawak economy will continue to grow next
year as the global recession is likely to have minimal impacts on the state,
said Chief Minister Tan Sri Abdul Taib Mahmud today.
Taib, who is also the State Finance Minister, said based on the positive
economic growth in China and India, it was expected that similar growth would be
experienced in other Asian countries including Malaysia.
"We believe Sarawak can overcome the global economic recession and at the
same time (are) confident that the state economic growth is on the right track,"
he told reporters after chairing the state Barisan Nasional (BN) and Parti
Pesaka Bumiputera Bersatu (PBB) meetings in conjunction with the State
Legislative Assembly sitting at the PBB headquarters, here.
On the 2012 State Budget to be tabled at tomorrow''s sitting, Taib, who is
the state BN chairman and PBB president, said next year''s budget would be a
realistic one that focused on stimulating economic growth and strengthening
existing sources of income.
Only two bills will be tabled in the eight-day sitting that will start
tomorrow, namely the Supply (2012) Bill 2011 or better known as the 2012 Budget
and Supplementary Supply (2011) Bill 2011.
The sitting will end on Nov 23.

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