KUCHING: Kota Sentosa Assemblyman Wilfred Yap has strongly rebutted remarks by Pending assemblywoman Violet Yong, who claimed Sarawak is “not ready” for foreign investors.
He described her comments, published by an online news portal, as misleading and damaging to Sarawak’s reputation.
“As a fellow Sarawakian, Violet Yong should be proud of Sarawak’s achievements instead of making sweeping statements that undermine investor confidence,” said Yap when contacted by Utusan Sarawak.
He pointed out that Sarawak has secured RM116 billion in approved investments between 2020 and 2024, with 60 percent comprising foreign direct investment. In 2023 alone, the state attracted RM22.8 billion in new investments, especially in high-tech industries, green energy, and advanced manufacturing. More than RM9.3 billion worth of foreign projects are already in progress.
Yap noted that industrial land in Sarawak is competitively priced, and the state offers stable, renewable energy at tariffs up to 73 percent lower than regional alternatives. Established zones like Sama Jaya Free Industrial Zone are already hosting multinational companies.
“Invest Sarawak, with RM7 million in annual funding, acts as a one-stop agency to support investors from start to finish,” he added, highlighting that Sarawak’s pro-business policies and efficient cross-agency coordination have reduced bureaucracy and expedited project approvals.
Responding to claims that investors are pulling out, Yap stressed that the reality is the opposite, with strong reinvestment and growing confidence in Sarawak’s economic stability. He also cited the rising income reflected in Sarawak’s budget and the World Bank’s recognition of Sarawak as having achieved high-income status.
“Investors do not invest billions in a place that is unready. The facts speak louder than political rhetoric,” he said.
Yap urged all Sarawakians, including Violet Yong, to avoid divisive politics and instead work together to promote the state’s growth. He emphasised the importance of presenting a united front in attracting more investments and creating opportunities for the people.
“No government is perfect, but we must stand together in unity to drive Sarawak forward. Let us speak with facts, not unfounded negativity,” he added.
By Connie Chieng