Investor's decision,Dato' Sri Thomas Hah Tiing Siu, to withdraw from the project in Pulau Balambanga

By: Zurogix
 
BANDAR SRI DAMANSARA, Malaysia - Oct. 17, 2023 - PRLog -- In recent news, Dato' Sri Thomas Hah Tiing Siu's decision to withdraw his investment in a goat farming and silica sand mining project in Sabah has sparked debates and concerns. While some may view this withdrawal as a loss, it is essential to take a broader perspective and appreciate the significance of foreign investment for the state's progress.

Datuk Rubin Balang, a prominent figure, has rightly pointed out that investments in projects like the ones proposed by Thomas Hah can offer significant advantages to the local population. Job opportunities are one of the primary benefits, and in a region where employment is vital for livelihood, these projects could have been a game-changer.

Moreover, foreign investments not only offer job prospects but also contribute to the state's economy through tax revenue. These funds can be directed towards essential public services, infrastructure development, and social welfare programs. As Sabah strives for growth and prosperity, these contributions are invaluable.

Rubin emphasized the need for capable investors in Sabah, highlighting the fact that concerns from certain parties should not deter investment. It's natural for opposition parties to scrutinize government-led development efforts; however, it's crucial to remember that their role is to challenge and provide checks and balances.

Sabah's approach to foreign investment has been commendable. Under Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor's leadership, the state has maintained an investor-friendly policy that attracts both foreign and local investors. This policy has successfully lured investments, particularly in industrial, manufacturing, and agricultural sectors.

An investor-friendly policy not only benefits the investors but also the state and its people. It opens doors to job creation, economic acceleration, and a better quality of life. These policies should receive support from all quarters, including opposition parties, as they, too, stand to gain from the state's development and progress.

In conclusion, foreign investment in Sabah is not merely about individual projects; it's about the state's future. A welcoming environment for investors brings job opportunities, tax revenue, and economic growth. It's a collaborative effort that transcends party lines and political beliefs, with the ultimate goal of a better, more prosperous Sabah for all.

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Source:Zurogix
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Location:Bandar Sri Damansara - Kuala Lumpur - Malaysia
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