KUCHING: The Sarawak government will table the State Ownership Policy during the tabling of the State Budget 2026 at the State Legislative Assembly sitting next month, says Sarawak Premier Tan Sri Abang Johari Tun Openg.
He said the policy aims to consolidate and safeguard the state's assets and ensure the operational standards of State-Owned Enterprises (SOEs).
"State-Owned Enterprises play a crucial role as the bridge between the government and the private sector
"Institutional and governance reform is vital to achieving this vision," he said when speaking at the Sarawak Economic Conference here on Monday (Oct 20).
Abang Johari said Sarawak would adopt a Corporate Governance Code for SOEs.
"Sarawak's leading SOEs are already driving progress in key sectors - Petros in oil and gas, Sarawak Energy in renewable energy, Sarawak Metro in urban mobility, SEDC in downstream industries, tourism and agro-based ventures, and Yayasan Sarawak in education and talent development," he added.
He said Sarawak's success depends on strong partnerships where the government provides vision, the private sector drives growth and SOEs act as catalysts for strategic industries. – Bernama
