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Borneo Post
11 hours ago
- Business
- Borneo Post
Chinese medium secondary schools receive RM10 mln annual grant from Sarawak government
Abang Johari (right) presents the RM10 million cheque to Lau. Also seen are Dr Sim (second right) and Wee. KUCHING (June 20): The Sarawak United Association of Private Chinese Secondary School Management Board (Sha Dong Zong) received an RM10 million grant from the Sarawak government today. The annual funding is for the 14 Chinese independent secondary schools in the state. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg presented the cheque to association board members here today. Association chairman Temenggong Dato Vincent Lau Lee Ming pointed out Chinese independent secondary schools have received such grants annually since 2014, when the late Pehin Sri Adenan Satem was chief minister. The initial RM3 million grant increased yearly until five years ago when the association started to receive RM10 million each year. 'Over the past decade, the total cumulative funding has reached RM92 million. This long-term commitment has significantly alleviated the financial burden on school boards and provided a stable foundation for the sustainable development of all 14 Chinese independent secondary schools across Sarawak,' he said. Lau pointed out that the schools depended very much on public donations as they do not come under the Education Ministry. He thanked Abang Johari and the Sarawak government for their steadfast support. 'The continued allocation reflects the government's strong recognition of and commitment to the multi-stream education system in Sarawak, and serves as a testament to the enduring contributions and academic achievements of the Chinese independent school sector,' he stressed. 'In Chinese tradition, it is often said: 'To govern the nation well, one must first cultivate talent; and to cultivate talent, education must come first.' The Premier reaffirmed that enhancing the quality of local education remains a central pillar in Sarawak's strategic vision to become a high-income region by 2030.' Lau noted that the recently announced '2026 Free Higher Education Scheme for Outstanding Students' will also cover Unified Examination Certificate (UEC) candidates, reinforcing the Sarawak government's policy direction of nurturing home-grown talent. In alignment with the Premier's 'Third Language Policy', he said Chinese independent schools will continue to enhance their trilingual education model of Mandarin, Malay, and English, while actively advancing Science, Technology, Engineering, and Mathematics (STEM) education. Among those present were Deputy Premier Datuk Amar Dr Sim Kui Hian and Sha Dong Zong deputy chairman Datuk Richard Wee.
Daily Express
14-05-2025
- Business
- Daily Express
Latest SMJ Energy crude oil sale generates RM92 million
Published on: Thursday, May 15, 2025 Published on: Thu, May 15, 2025 Text Size: The company's Samarang Production Sharing Contract (PSC), an offshore asset located in Sabah waters, continues to be a reliable revenue source for the energy provider. Kota Kinabalu: SMJ Energy Sdn Bhd (SMJ Energy) completed its ninth crude oil lifting operation at the Labuan Crude Oil Terminal, generating approximately RM92 million in sales revenue. The latest sale brings SMJ Energy's total oil and gas revenue to roughly RM1.7 billion since operations began, with RM158 million generated in 2025 alone. The company's Samarang Production Sharing Contract (PSC), an offshore asset located in Sabah waters, continues to be a reliable revenue source for the energy provider. The Samarang field serves as the exclusive natural gas supplier to Kota Kinabalu Industrial Park and powers three gas plants in the Kota Kinabalu area. Additionally, the field supplies natural gas to Labuan, providing essential energy to the Labuan Methanol Plant and the SESB Power Plant on the island. SMJ Energy continues to explore further optimisation opportunities within the field to enhance output and maximize returns. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
14-05-2025
- Business
- Daily Express
Ninth crude oil lifting nets RM92 million for SMJ Energy
Published on: Wednesday, May 14, 2025 Published on: Wed, May 14, 2025 Text Size: KOTA KINABALU: SMJ Energy has completed its ninth crude oil lifting from the Samarang Production Sharing Contract (PSC) at the Labuan Crude Oil Terminal. The latest lifting is expected to generate RM92 million in sales revenue, marking another milestone in the company's upstream performance. Cumulative crude oil and gas sales now stand at RM1.7 billion, with RM158 million earned since early 2025, reinforcing Samarang's strategic role in SMJ's revenue stream. This reflects SMJ Energy's solid investment in the offshore Sabah-based PSC and its commitment to operational excellence and value creation. Samarang PSC remains a key supplier of gas to KKIP, three power plants here, the Labuan Methanol Plant 1, and SESB's Labuan facility. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
