(Kuching, 13th) The restructuring of the Sarawak Economic Development Corporation (SEDC), including the expansion of the board of directors to include more experts and government representatives, will further strengthen Sarawak’s economic governance.
Balai Guru constituency assemblyman Wilson Nyabong said that under Clause 4, the composition of the agency’s board of directors will be expanded and strengthened, and now includes the Sarawak State Secretary or their representative, the Federal Ministry of Economy representative, the Sarawak Attorney General or their representative, the Sarawak State Financial Secretary or their representative, as well as several experts in agriculture, industry, trade, finance, science, and related fields.
He said this reform is of great importance because today’s economic development is no longer limited to a single sector.
“Modern economic governance requires the integration of legal policy, fiscal management, industrial planning, technological innovation, and investment strategy.”
He made this statement today while participating in the debate during the Sarawak State Legislative Assembly session on the “2026 SEDC Amendment Bill.”
He pointed out that this amendment recognizes this reality and will institutionalize professionalism.
He explained that if Sarawak truly wishes to move towards becoming an advanced and high-income region, its economic institutions cannot operate based on administration alone; rather, they must be driven by competence, professionalism, and strategic capabilities.
He added that the new composition will help build a more comprehensive governance ecosystem for the agency.
“I welcome the participation of professionals and those with specific expertise. This is very important because today’s economic development is increasingly knowledge-based. If we truly hope for Sarawak to be competitive at the international level, we can no longer rely solely on traditional bureaucratic structures.”
At the same time, he hopes the selection methods and procedures involved will be fair, inclusive, transparent, and based on merit.
He said the agency’s credibility and efficiency ultimately depends not only on the powers granted by law but also on the quality, integrity, and ability of those appointed to lead and to advise.
“The appointment of professionals should not be merely symbolic, but must genuinely reflect diverse expertise, experience, and perspectives, so as to make meaningful contributions to Sarawak’s long-term economic interests. What we need is an agile, professional, commercially-driven, technologically-aware institution managed strategically.”
Balai Guru constituency assemblyman Wilson Nyabong said that under Clause 4, the composition of the agency’s board of directors will be expanded and strengthened, and now includes the Sarawak State Secretary or their representative, the Federal Ministry of Economy representative, the Sarawak Attorney General or their representative, the Sarawak State Financial Secretary or their representative, as well as several experts in agriculture, industry, trade, finance, science, and related fields.
He said this reform is of great importance because today’s economic development is no longer limited to a single sector.
He made this statement today while participating in the debate during the Sarawak State Legislative Assembly session on the “2026 SEDC Amendment Bill.”
He pointed out that this amendment recognizes this reality and will institutionalize professionalism.
He explained that if Sarawak truly wishes to move towards becoming an advanced and high-income region, its economic institutions cannot operate based on administration alone; rather, they must be driven by competence, professionalism, and strategic capabilities.
He added that the new composition will help build a more comprehensive governance ecosystem for the agency.
“I welcome the participation of professionals and those with specific expertise. This is very important because today’s economic development is increasingly knowledge-based. If we truly hope for Sarawak to be competitive at the international level, we can no longer rely solely on traditional bureaucratic structures.”
At the same time, he hopes the selection methods and procedures involved will be fair, inclusive, transparent, and based on merit.
He said the agency’s credibility and efficiency ultimately depends not only on the powers granted by law but also on the quality, integrity, and ability of those appointed to lead and to advise.
“The appointment of professionals should not be merely symbolic, but must genuinely reflect diverse expertise, experience, and perspectives, so as to make meaningful contributions to Sarawak’s long-term economic interests. What we need is an agile, professional, commercially-driven, technologically-aware institution managed strategically.”