(Kuching, 21st) Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg has announced that the Sarawak government will table the “State Ownership Policy” (Dasar Pemilikan Negeri) at next month’s Sarawak State Legislative Assembly meeting, in conjunction with the 2026 state budget.
He stated that the policy aims to unify and protect state assets, placing them under a more robust governance framework for clarity in Sarawak’s asset ownership and management, while ensuring government-linked companies (SOEs) under the state operate with commercial discipline, social responsibility, and long-term sustainability, all in line with the “Post COVID-19 Development Strategy 2030” (PCDS 2030).
Abang Johari pointed out: “Government-linked companies play a key role connecting the government and the private sector, not just as commercial entities but also as strategic pillars for driving industrialization, ensuring energy security, and creating opportunities to enhance people’s quality of life.”
He said that to achieve this vision, institutional and governance reforms are required, as good governance ensures that every investment and policy decision is founded on integrity, transparency, and accountability.
He stated this in his speech today at the Sarawak Economic Conference held here.
Abang Johari revealed that Sarawak will adopt the “Code of Corporate Governance for Government-Linked Companies” to set a new benchmark for transparency and ethical operations.
“Through digitalized performance tracking, we will measure not only financial outcomes, but also the actual value delivered to the people—by setting clear objectives, adhering to ethics, and using measurable impact as a standard for governance excellence.”
He cited as examples several leading government-linked companies in Sarawak that have made significant progress in key sectors:
· PETROS (Petroleum Sarawak Berhad) — focusing on the oil and gas industry;
· Sarawak Energy — promoting the development of renewable energy;
· Sarawak Metro — transforming urban transport;
· Sarawak Economic Development Corporation (SEDC) — involved in downstream industries, tourism, and agriculture-related enterprises;
· Yayasan Sarawak — focusing on education and talent development.
He emphasized that Sarawak’s success depends on the collaboration of three parties:
The government provides direction, the private sector drives growth, and government-linked companies act as catalysts in strategic industries.
He stated that the policy aims to unify and protect state assets, placing them under a more robust governance framework for clarity in Sarawak’s asset ownership and management, while ensuring government-linked companies (SOEs) under the state operate with commercial discipline, social responsibility, and long-term sustainability, all in line with the “Post COVID-19 Development Strategy 2030” (PCDS 2030).
Abang Johari pointed out: “Government-linked companies play a key role connecting the government and the private sector, not just as commercial entities but also as strategic pillars for driving industrialization, ensuring energy security, and creating opportunities to enhance people’s quality of life.”
He said that to achieve this vision, institutional and governance reforms are required, as good governance ensures that every investment and policy decision is founded on integrity, transparency, and accountability.
He stated this in his speech today at the Sarawak Economic Conference held here.
Abang Johari revealed that Sarawak will adopt the “Code of Corporate Governance for Government-Linked Companies” to set a new benchmark for transparency and ethical operations.
“Through digitalized performance tracking, we will measure not only financial outcomes, but also the actual value delivered to the people—by setting clear objectives, adhering to ethics, and using measurable impact as a standard for governance excellence.”
He cited as examples several leading government-linked companies in Sarawak that have made significant progress in key sectors:
· PETROS (Petroleum Sarawak Berhad) — focusing on the oil and gas industry;
· Sarawak Energy — promoting the development of renewable energy;
· Sarawak Metro — transforming urban transport;
· Sarawak Economic Development Corporation (SEDC) — involved in downstream industries, tourism, and agriculture-related enterprises;
· Yayasan Sarawak — focusing on education and talent development.
He emphasized that Sarawak’s success depends on the collaboration of three parties:
The government provides direction, the private sector drives growth, and government-linked companies act as catalysts in strategic industries.