Sarawak pushes for stronger incentives in 2027 budget to attract investors

Sarawak’s deputy premier Awang Tengah Ali Hasan, also serving as the state’s international trade, industry and investment minister, met with Malaysia’s federal investment, trade and industry minister Johari Ghani in Putrajaya to negotiate stronger fiscal incentives for the 2027 budget. The discussion focused on boosting sectors like advanced manufacturing, semiconductor production and the digital economy, which are central to Sarawak’s 2030 post-Covid development strategy.

Both sides highlighted the need for complementary infrastructure, a skilled workforce and a conducive investment environment to attract fresh capital and expand existing operations. The talks also covered broader priorities such as creating quality jobs, nurturing local talent, strengthening domestic enterprises and encouraging technology adoption. These points reflect an effort to align state development goals with the national industrial agenda and secure Malaysia’s competitive edge in emerging industries.