Strategic Success as Sabah Reduces Unemployment

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KOTA KINABALU: Sabah’s unemployment rate has shown a promising decline, falling to 7.5% in the last year from 8.2% in 2021.

This positive trend is echoed in the growing workforce, now standing at 1,875,800, compared to 1,856,500 in the previous year.

“The data from the Malaysia Statistics Department indicated Sabah is undergoing positive growth,” stated Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor at the Sabah Economic Development and Investment Authority (SEDIA) board meeting here today.

Highlighting the government’s post-COVID-19 efforts, the Chief Minister emphasised the need for SEDIA to enhance its management for the success of the 12th Malaysian Plan (12MP).

“This is in line with efforts to eradicate poverty, enhance the efficiency of transportation and logistics infrastructure, develop future talents and to ensure marketability of graduates of higher learning institutions and Technical and Vocational Education and Training (TVET),” he said.

Under SEDIA’s initiatives, significant strides have been made in human capital development.

“Sedia has created job opportunities for 1,600 participants and 300 entrepreneurs,” the Chief Minister noted, pointing to the successful outcomes of these programmes.

The workforce participation rate in Sabah has also improved, rising to 70.9% in 2022.

“Sedia is still relevant as the core mover of the regional economic development. I want Sedia to make a big shift in the planning and implementation of its projects to boost Sabah’s development,” he said.

Looking forward, the Chief Minister advised SEDIA to focus on diverse sectors.

“By 2024, Sedia should focus on investments in logistics, agriculture, and tourism and point its sight on new economic activities encompassing renewable energy, technology usage in agriculture, livestock, and fisheries, among others,” he said.

He praised SEDIA for its transparent and integral operations, highlighted by the clean bill certificate awarded for 13 consecutive years by the Auditor-General.

The Chief Minister also expressed gratitude to the Federal Economy Ministry for involving SEDIA in significant projects like the solar system installation in government buildings, and the expansion of Sepanggar Bay Container Port.

Lastly, he congratulated SEDIA for coordinating the upcoming Malaysia Sustainable Development Goals (SDG) Summit for the Sabah Region, enhancing the visibility of the Economy Ministry’s role in national environmental, social, and governance frameworks.

Also present at the meeting were State Secretary Datuk Seri Panglima Haji Safar Untong, Chief Executive of Sedia Datuk Seri Panglima Haji Hashim Paijan, State Attorney-General, Datuk Nor Asiah Mohd Yusof.

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