PETALING JAYA: The Sarawak government must review its development plans to adapt to global uncertainties arising from the US tariffs, says Sarawak premier Abang Johari Openg.
He said the state is indirectly affected by the tariffs, which will influence the prices of oil and other commodities produced in Sarawak, Bernama reported.
“Today, the price of oil hovers around US$65 (RM286.75) (a barrel), even though we expected it to range between US$85 and US$90. This does have an impact on us.
“This impact could include a potential reduction in our revenue. There is also a lack of clear direction in trade policies among developed and developing countries.
“That is why we need to take heed of this uncertain economic situation whether we like it or not,” he was quoted as saying in a speech during the Hari Raya Aidilfitri event organised by the Sarawak premier’s department today.