{"id":23305,"date":"2018-11-17T22:01:15","date_gmt":"2018-11-17T14:01:15","guid":{"rendered":"http:\/\/www.suppnewsportal.com\/main\/?p=23305"},"modified":"2018-11-18T09:59:13","modified_gmt":"2018-11-18T01:59:13","slug":"sarawak-budget-is-positive","status":"publish","type":"post","link":"http:\/\/www.suppnewsportal.com\/main\/?p=23305","title":{"rendered":"Sarawak Budget is positive"},"content":{"rendered":"<p>Sim Kiang Chiok, SHEDA Kuching Chairman expressed his views that the\u00a0Sarawak budget is another one of the big positive steps towards\u00a0restoring our rights as provided for in our Constitution where we are\u00a0entitled to imposed Sales tax on our produce and extracted material\u00a0such oil and gas. The 5% sales tax on oil, gas and petroleum products,\u00a0he said, will help us in Sarawak to have the necessary resources to\u00a0develop and to catch up with Malaya advance developed state.<\/p>\n<p>\u201cThis is a forward moving budget for Sarawak. The biggest ever and we\u00a0can expect more with the petroleum tax being imposed from now on, from\u00a0all oil and gas produce from our territory. This budget keeps our\u00a0economy growing in view of the disappointing federal budget for\u00a0Sarawak that will provides for rural village upgrade, infrastructure\u00a0project including bridges\u00a0 , water supply upgrade, agriculture,\u00a0industrial estate, entrepreneur development, budget for social\u00a0housing, upgrading and maintenance\u00a0 of villages, skill training,\u00a0repair of building and quarters, school\u00a0 among a lot of goodies for\u00a0Sarawakians.<\/p>\n<p>\u201cWe will definitely benefit from this expansionary budget either\u00a0directly or indirectly with the forecast of our economy growth\u00a0 of 5%\u00a0for 2019 which is higher than the projected National growth forecast,\u201d\u00a0he added.<\/p>\n<p>Sim believes that with the State government requested for three local\u00a0bank licences for Sarawak our business could cater to our local\u00a0smaller business conditions and the local business community will\u00a0welcome this added assistance to help grow our\u00a0 SME sectors in our\u00a0State.<\/p>\n<p>He reckoned that with the construction of LRT for high traffic area\u00a0such as Samarahan area it will resolve the traffic jams problem\u00a0including bringing benefits to real estate\u00a0 by\u00a0 the transit &#8211; oriented\u00a0development concept where new area can be developed into affordable\u00a0homes and modern urban development.<\/p>\n<figure id=\"attachment_23306\" aria-describedby=\"caption-attachment-23306\" style=\"width: 300px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/www.suppnewsportal.com\/main\/wp-content\/uploads\/2018\/11\/Sim-Kiang-Chiok-1.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-23306\" alt=\"Sim Kiang Chiok\" src=\"http:\/\/www.suppnewsportal.com\/main\/wp-content\/uploads\/2018\/11\/Sim-Kiang-Chiok-1-300x289.jpg\" width=\"300\" height=\"289\" srcset=\"http:\/\/www.suppnewsportal.com\/main\/wp-content\/uploads\/2018\/11\/Sim-Kiang-Chiok-1-300x289.jpg 300w, http:\/\/www.suppnewsportal.com\/main\/wp-content\/uploads\/2018\/11\/Sim-Kiang-Chiok-1.jpg 480w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-23306\" class=\"wp-caption-text\">Sim Kiang Chiok<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Sim Kiang Chiok, SHEDA Kuching Chairman expressed his views that the\u00a0Sarawak budget is another one of the big positive steps towards\u00a0restoring our rights as provided for in our Constitution where we are\u00a0entitled to imposed Sales tax on our produce and extracted material\u00a0such oil and gas. The 5% sales tax on oil, gas and petroleum products,\u00a0he said, will help us in Sarawak to have the necessary resources to\u00a0develop and to catch up with Malaya advance developed state. \u201cThis is a forward moving budget for Sarawak. The biggest ever and we\u00a0can expect<a href=\"http:\/\/www.suppnewsportal.com\/main\/?p=23305\" class=\"read-more\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":23306,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,7],"tags":[],"_links":{"self":[{"href":"http:\/\/www.suppnewsportal.com\/main\/index.php?rest_route=\/wp\/v2\/posts\/23305"}],"collection":[{"href":"http:\/\/www.suppnewsportal.com\/main\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.suppnewsportal.com\/main\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.suppnewsportal.com\/main\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.suppnewsportal.com\/main\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23305"}],"version-history":[{"count":1,"href":"http:\/\/www.suppnewsportal.com\/main\/index.php?rest_route=\/wp\/v2\/posts\/23305\/revisions"}],"predecessor-version":[{"id":23307,"href":"http:\/\/www.suppnewsportal.com\/main\/index.php?rest_route=\/wp\/v2\/posts\/23305\/revisions\/23307"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.suppnewsportal.com\/main\/index.php?rest_route=\/wp\/v2\/media\/23306"}],"wp:attachment":[{"href":"http:\/\/www.suppnewsportal.com\/main\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.suppnewsportal.com\/main\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23305"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.suppnewsportal.com\/main\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}