Sarawak Business Federation: Guan Eng's comment 'oversimplistic'

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KUCHING: It is 'oversimplistic' and misleading for Finance Minister Lim Guan Eng to claim that Sarawak will go bankrupt in three years under the leadership of Gabungan Parti Sarawak (GPS), says a state business association.

KUCHING: It is"oversimplistic" and misleading for Finance Minister Lim Guan Eng to claim that Sarawak will go bankrupt in three years under the leadership of Gabungan Parti Sarawak , says a state business association.

"He has ignored Sarawak's expanding revenue base, especially the sales tax from petroleum products, which is expected to rake in billions of ringgit," SBF said in a statement Monday .The umbrella body representing key organisations and industries in Sarawak said Lim should realise that as Finance Minister what he says would impact the market outlook.

 

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