Local protectionism meets economic growth — Jamil A Ghani

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Local protectionism meets economic growth — Jamil A Ghani
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NOV 26 — Sarawak’s recent move to enforce stricter work permit requirements for all non-Sarawakians has sparked a nationwide debate on balancing local job protection with...

It's an app designed to help you grow your savings easily. Deposit RM100 and get aNOV 26 — Sarawak’s recent move to enforce stricter work permit requirements for all non-Sarawakians has sparked a nationwide debate on balancing local job protection with economic growth. While the intent to prioritise employment for Sarawakians is valid, overly restrictive measures risk deterring investments, potentially undermining the state's competitiveness as a regional economic hub.

Moreover, businesses often gravitate toward countries with efficient regulatory systems. Overly protectionist policies could deter investors, especially in sectors like oil and gas, where access to specialised talent directly impacts operational efficiency — a point tied closely to Sarawak’s evolving relationship with Petronas.Kuching’s bid for resource control

Sarawak’s leaders must ensure their decisions support both local priorities and the overall development of the federation, avoiding friction that could undermine collaborative efforts between Kuching and Putrajaya.The Malaysia Agreement 1963 granted Sarawak and Sabah special rights to manage immigration and related employment matters, ensuring local interests were protected within the country’s federal framework.

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Protectionism Meets Economic Growth Jamil Ghani

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