LABUAN, Sept 30 — The allocation for the Prime Minister’s Department (JPM) is expected to see a reduction in Budget 2025, in line with efforts to practise prudent spending, said Federal Territories Minister Dr Zaliha Mustafa.
“We have presented our proposed budget for JPM to the Finance Ministry (MOF)…in October, we will know the exact allocation we are granted,” Dr. Zaliha told reporters after officiating the closing ceremony of Labuan’s Annual Borneo Arts Festival at the Financial Park Convention Hall last night.
She acknowledged that JPM had been informed of a reduction in its allocation aimed at cost savings but emphasised that key socio-economic development programmes would not be compromised.
“JPM has submitted a list of priorities to the MOF to ensure the smooth implementation of socio-economic programmes in 2025,” she said.
Earlier, Dr Zaliha commended the success of the Borneo Arts Festival, a tourism-driven event that received an overwhelming response from participants across various states.
“The festival has the potential to become a long-term tourism product for Labuan… However, improvements are necessary to attract more visitors to the island,” she said.
On the business front, Dr Zaliha highlighted the government’s flexible and business-friendly policies for foreign investors, particularly in Labuan.
“We welcome foreign investors to explore opportunities on the island but first we need to address long-standing utility issues before significant investment can take place.
“Before we can invite foreign investors, it’s essential to resolve the challenges surrounding utilities like water and power supply to ensure they can meet demand,” she said.
Dr Zaliha mentioned the utilities issues are projected to be resolved by 2027 or 2028.
Looking ahead, Dr Zaliha revealed plans for a visit to China next week, where she will engage with potential investors interested in exploring opportunities in Labuan.
— Bernama
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