Chief Minister Shafie Apdal says the state estimates a surplus of RM48.55 million next year. FMTNews ShafieApdal
Sabah Chief Minister Shafie Apdal shows the 2020 Sabah Budget which depends largely on income from oil, gas and palm oil.
“This shows that the state government’s financial position remains healthy and stable,” he said during his 2.5-hour speech. Shafie said the state sales tax on crude palm oil will be a major contributor to the state’s revenue next year. However, Putrajaya’s decision to raise the annual special grant payment gradually from RM26.7 million at present to RM53.4 million by 2020, and RM106.8 million over the next five years, indicates negotiations have begun to bear fruit.
Shafie said RM237 million will be channeled to the tourism sector to help Sabah achieve the target of 4.18 million visitors next year. This is expected to contribute some RM8.96 billion in tourism receipts.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PBS chief says Gabungan Bersatu Sabah coalition on hold for now | Malay MailKOTA KINABALU, Nov 15 — The Gabungan Bersatu Sabah (GBS) coalition of state Opposition parties will be put on hold pending official approval from the Registrar of Societies (RoS). Parti Bersatu Sabah president Datuk Seri Maximus Ongkili said this was because the RoS wrote a warning letter on...
Read more »
Japan scraps 2020 cherry blossom party after Abe cronyism claims | The Malaysian InsightJapan scraps 2020 cherry blossom party after Abe cronyism claims
Read more »
2020 Hyundai Veloster named fan favorite at 2019 AutoFocus AwardsNSTcarsbikesandtrucks: 2020 Hyundai Veloster was named 'fan favorite' at the 2019 AutoFocus Awards held at the 49th annual Miami International Auto Show, beating out the 2020 Chevrolet Camaro.
Read more »
Honda Dash 125 new colours and stripes for 2020BOON Siew Honda Sdn Bhd has announced a new look for the Honda Dash 125, which features updated colours and stripes. The two new colours are Clipper Y...
Read more »
Ex-governor Deval Patrick joins 2020 US presidential raceHis entry makes him the 18th candidate, 3rd black Democratic runner. FMTNews
Read more »
Wajah baru Honda Dash 125 tahun 2020BOON Siew Honda Sdn Bhd pada hari Rabu telah mengumumkan wajah baru untuk Honda Dash 125, yang memaparkan warna-warna dan stripe yang baru. Dua warna ...
Read more »