Text of Speech by Chief Minister Tan Sri Adenan Satem
when winding up the debate in the State Assembly on April 29, 2015
"With further success expected of the SCORE agenda and hydropower developments, it is timely that commercial and industrial consumers also benefit from the government initiatives. With this in mind, effective from 1st June this year, I wish to announce that the electricity tariff for commercial and industrial tariffs will be reduced.
This reduction will benefit all the current 85,200 commercial and industrial businesses or customers. Out of this number, 50% or 46,000 commercial consumers will enjoy a reduction of about 15% to 50%. Another36% or 30,500 consumers will enjoy about 8% to 11% reduction. The balance 9,000 consumers will enjoy a reduction of average 4%."
Development Focus
State Economy
1. Economic
development is fundamental to the prosperity of any country. All these years,
the Government has put a lot of efforts to develop our economy to be where we
are today. In the case of Sarawak, our
economy has developed and expanded. As a result, we now have a strong economy
and is the third largest in the country after Selangor and Kuala Lumpur. The journey that we have taken over the years
has resulted in our economy having good credit rating that remains positive
with stable outlook from credible rating agencies.
2. We
have worked hard to transform our economy from agriculture based to an economy
which is based on manufacturing and services. This is clearly reflected whereby
in 2014, the manufacturing and services sectors had contributed significantly
at 64.0% to the State economy. These achievements were made possible due toour
far sighted development philosophy, policiesand development plans that we have
formulated and implemented all these years.
