Latest news and articles about sabah from NEX English
The Teraju unit in Malaysian Sabah announced the launch of the Bumiputera Sabah and Sarawak Growth Fund (BSSF) on April 9, aimed at accelerating the growth of local Bumiputera businesses. This initiative seeks to provide flexible financial support and enhance access to capital.
The Court of Appeal in Putrajaya has issued a ruling to suspend the implementation of a High Court decision regarding Sabah's share of federal revenues, which amounts to 40%. This decision halts negotiations and payment deadlines amid a long-standing dispute over Sabah's financial rights.
The Sabah Law Society announced that the Malaysian Court of Appeal's decision to suspend the ruling on the 40% revenue dispute is merely procedural and does not address the substantive constitutional issues involved. This raises concerns about the future of Sabah's financial rights.
The Minister of Sabah, Dato Sri Hajiji Noor, confirmed that the gas-based energy supply structure has contributed to the state's stability amid the global energy crisis. However, reliance on diesel remains a concern, especially with rising prices.
The Sabah Tourism Board has announced the creation of a crisis response unit to enhance its preparedness for global challenges impacting the tourism sector. This initiative aims to bolster confidence in Sabah as a premier tourist destination.
The Minister of Sabah, Datuk Seri Hajiji Noor, emphasized that the state's sovereignty should not be questioned or exploited for political purposes during his statements in Kota Kinabalu. He highlighted the importance of safeguarding the state's rights amidst ongoing discussions about sovereignty and regional rights in Malaysia.