Tuesday, 24 Dec 2019 12:33 PM MYTSarawak Chief Minister Datuk Patinggi Abang Johari Openg says the next few years will see more involvement of Petros as more investments are expected in the oil and gas and petrochemical industries in the state. ― Bernama pic
“The next few years will see more involvement of Petros as more investments are expected in the oil and gas and petrochemical industries in the state,” he said in his Christmas Eve’s message. “Starting next year, we are also charging a one per cent sales tax on aluminium products for export much in the manner we are currently charging the same quantum on palm oil products,” he said, adding the revenue from the sales tax will be channelled back to the people in the form of infrastructure and utilities projects.
“We have to invest heavily in upgrading our infrastructure to harness this potential,” he said, adding that the importance of good road connectivity cannot be overemphasized in the effort to spur economic growth. “When all these bridges are completed, road travel from Sematan to Miri, Limbang and Lawas will be so much easier. Good connectivity is a pre-requisite to a strong economy,” he added.