Kota Kinabalu: “The National Export Council (NEC) which is scheduled to meet next month and discuss amongst other things, the cabotage policy, should state in no uncertain terms that the crippling and costs increasing cabotage policy for Sabah and Sarawak should be abolished” said Datuk Dr. Jeffrey Kitingan, STAR Sabah Chief and Bingkor Assemblyman in response to the disclosure by the Agriculture and Agro-Based Industry Minister Datuk Seri Ahmad Shabery Cheek that implementation of the cabotage policy was no longer practical, particularly involving export companies in Sabah, and will be discussed at next month’s meeting of the NEC.
Malaysia has once again attained the unenviable “honour” of being in the top five countries which registered the highest average illicit financial flows over the decade.
According to the latest annual report by Washington-based Global Financial Integrity (GFI), Malaysia had lost an accumulated amount of US$418.542 billion (RM1.8 trillion) since 2004.