Sarawak will go bankrupt if it continues to be ruled by GPS, says Guan Eng

  • 📰 staronline
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 75%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

KUCHING: Finance Minister Lim Guan Eng claims that Sarawak will go bankrupt in three years' time if it continues to be ruled by the Gabungan Parti Sarawak (GPS) coalition.

He said the state's reserves of RM31bil would be used up in three years if GPS keeps up its annual budget of RM11bil.

"If you don't do that, in three years' time, Sarawak will go bankrupt. This year, Sarawak's state budget is RM11bil. The DAP secretary-general warned Sarawak not to become like Kelantan, which was"ruled so badly they cannot even afford to pay the salaries of their civil servants". Lim also called on Sarawakians to vote out GPS for not supporting the constitutional amendment to restore Sabah and Sarawak's status as equal partners in Malaysia. Eighteen GPS MPs and one GPS-friendly Sarawakian MP were among 59 lawmakers who abstained from voting on the amendment to Article 1 in Parliament on April 9, resulting in the Bill's failure to secure the two-thirds majority required to pass it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

in that case, give Sarawak the 20% oil royalty, as promised.

This is a rich State.

Menteri kewayangan yg konon pandai kewangan

Start of 'fail state' propoganda, jz like when PH screamed Msia's turning into a failed state. But when PH took over, Msia surely did not go bankrupt.

So you refuse to give Sarawak 20% oil royalty and only give 1% the annual budget to Sarawak, then when they use their own reserves you say they are going bankrupt? Can't even fund 1 billion to fix Sarawak schools but can spend rm6billion to buy tolls in WM with EM money?

There is a lot of oil in Sarawak now you mentioned they are going bankrupt you are giving Sarawakians the idea of taking back more oil royalties...

Stay away from my state

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Home ownership low not because of loans but prices just too high, think tank says | Malay MailKUALA LUMPUR, June 20 — The real reason Malaysians aren’t buying property nowadays is because the units are priced beyond their pocket rather than the banks’ refusal to offer loans, the Centre for Governance and Political Studies (Cent-GPS) said today. The think tank added that Finance... Genius Finally .. someone with clear and present fact. Land prices shot up tremendously but the cost of building the house is relatively cheap. But its sold much higher as developers want to profit from trophy land marks. This is where they flawed.
Source: malaymail - 🏆 1. / 86 Read more »

Guan Eng: Malaysia looking two steps ahead to capitalise on US-China trade war | Malay MailKUALA LUMPUR, June 20 — Malaysia is capitalising on the permanent reorientation of the global supply chain following the US-China trade war by upping competitiveness to attract new high-quality investments, especially those concerning Industry 4.0, said Finance Minister Lim Guan Eng. This focus...
Source: malaymail - 🏆 1. / 86 Read more »