SBF, NCCIM sign MoU to strengthen DDI in Sarawak
KUCHING:TheSarawakBusiness Federation (SBF) and the National Chamber of Commerce and Industry of Malaysia (NCCIM) have signed a Memorandum of Understanding (MoU) which lays the foundation to deepen their economic cooperation, with special emphasis to drive domestic direct investments (DDI) in Sarawak.
The MoU signing between SBF president Datuk Abang Abdul Karim Tun Openg and NCCIM president Dato Low Kian Chuan was witnessed by the Premier of Sarawak Datuk Patinggi Tan Sri Abang Johari Tun Openg.
“The signing of the MoU between NCCIM and SBF lays the foundation for more economic cooperation, with special emphasis to drive DDI in Sarawak,” Low said during the SBF-NCCIM Business Delegation dinner on Monday night.
“The NCCN has been strongly advocating DDI, especially small and medium enterprises (SMEs), to be promoted as a catalyst of economic growth and be given equal emphasis in terms of policy and investment facilitation.
“Looking ahead, I hope to see more exchange of visits as well as dialogues between NCCIM and SBF in strengthening our business relationship between Sarawak and Peninsular Malaysia.”
Abang Abdul Karim also stated that SBF hopes to establish a solid platform to develop commercial and industrial ties with NCCIM.
“We have a good infrastructure and ecosystem in supporting an ideal climate for investments,” he added.
“And our existing policy in Sarawak is also businessfriendly to investors.”
He hopes the private sector, especially the entrepreneurs from both NCCIM and SBF, will leverage on all this to foster and enhance domestic cooperation.
The SBF welcomed a delegation from the NCCIM to Kuching from March 28 to 30, 2022, led by Low.
A total of 30 delegates from the five constituent chambers of the NCCIM comprising presidents, business leaders, investors and representatives participated in the mission.
SBF was similarly represented by 30 delegates form 10 of its component members.
The objective of this visit is to create awareness on the investment opportunities in Sarawak, aside from creating the platform for SBF members to network.
The three-day event consisted of a field trip to the Semenggoh Nature Reserve as well as a visit to the Sarawak Biodiversity Centre for a briefing and tree planting ceremony to commemorate the visit by NCCIM.
Delegates also engaged in a business luncheon with presentations from the Economic Planning Unit (EPU), Regional Corridor Development Authority (RECODA), Sarawak Economic Development Corporation (SEDC), Malaysian Investment Development Authority (MIDA) and Press Metal Sdn Bhd culminating in a business-to-business (B2B) networking session.
The signing of the MoU between NCCIM and SBF lays the foundation for more economic cooperation, with special emphasis to drive DDI in Sarawak.
Dato Low Kian Chuan