Sarawak defends investments in 1st Silicon


  • Nation
  • Tuesday, 01 Aug 2006

KUCHING: THE Sarawak state government defended its stake in wafer manufacturer 1st Silicon (M) Sdn Bhd, saying that it was an investment for Sarawak’s economy and human capital development. 

Second Finance Minister Datuk Wong Soon Koh, speaking in the state assembly Tuesday, refuted accusations that the state “squandered” funds on the investment, and that the company was the “prodigal son of Sarawak”.  

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Two enterprises face possible penalties over alleged highway tender bid rigging cartel
Jobless man arrested over Kg Johan Setia fire
Senior Armed Forces officer arrested in graft probe
Tuanku Muhriz warns against normalising corruption
Marine police seize RM211,000 worth of fireworks in Juru
Desperate escape tactics fail as Immigration raids net 150 in KL
Mobula 8 cleans 2.3 tonnes of trash from Kota Kinabalu waters
KL cops probing neglect claims after infant sustains fractured femur
Stay aware of mental state, personal limits when going deep, scuba divers advised
Sabah rep questions lack of 'good-faith compliance' with court order on 40% revenue share

Others Also Read