Thursday, March 11, 2010

Sabah and Kalimantan should be packaged as one destination spot

KOTA KINABALU: Sabah and Indonesia’s Kalimantan provinces should be packaged as one investment destination and a secretariat to handle inquiries has been proposed.

“Sabah and Kalimantan can work together to leverage on their prominence in world palm oil production,” said Industrial Development Minister Datuk Raymond Tan.

For this to happen, a joint secretariat is desirable for government officials and business groups on both sides of the Borneo border to develop an investment data base, encourage interaction and collaboration.

The views are shared by Indonesian Consul-General in Sabah, Soepeno Sahid, during a meeting with Raymond and officials from POIC Sabah Sdn Bhd at the Indonesian Consulate here last week.

“We can also try to tap our neighbour Brunei’s financial resources to make oil palm a truly BIMP-EAGA business,” Raymond said in his briefing on investment opportunities in Sabah, with special focus on the oil palm sector.

He said that Borneo, including Sarawak, will become increasingly important globally because much of the world’s future palm oil supply will be of Borneo origin.

Continue reading at: Sabah and Kalimantan should be packaged as one destination spot

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