2. It is not all about pouring money and building things. The most important thing is to develop human capital to bring about and take part in a sustainable development.
in wanting to develop
by saodah elias
The Federal Government is sincere in wanting to see Terengganu and other east coast states develop as fast as those in the west coast.
Deputy Prime Minister Datuk Seri Mohd Najib Razak said in the case of Terengganu, the state and federal governments already have a vision on how the state was to be developed.
The vision would be systematically implemented, he added.
He said the Federal Government had already agreed in principle to a proposal to set up the Terengganu Investment Authority, an idea mooted by the Yang di-Pertuan Agung Tuanku Mizan Zainal Abidin recently.
“We have already agreed in principle to the proposal and are awaiting the working paper that is being prepared by the state government.
“The proposed new authority would ensure that the economy of the state, and thus the livelihood of the people of Terengganu, will always be assured even when the oil royalty is is no longer available,” he said at the excellence award ceremony for Kuala Terengganu City Council here on Tuesday.
The new authority, he said, would receive RM10bil for the purpose of investing either in local or overseas markets.
“It will be run by professionals and will not involve any politician,” said Najib, adding that he was confident that the authority would further boost the state economy to new heights. [ ‘Govt sincere in wanting to develop east coast’ Malaysia Star ]