KOTA KINABALU: Sabah’s many resources makes it a land of opportunities for investments in new industrial growth areas, said Deputy International, Trade and Industry Minister Dr Ong Kian Ming Minister. Ong said every Malaysian region is unique in its comparative and competitive advantages, but Sabah has an abundance of natural and agricultural resources making it a good base for industrial development. “Building on these strengths, there are many untapped opportunities for res

Fifteen multinationals including energy behemoth Royal Dutch Shell and banking giant Citi on Wednesday announced the launch of a new blockchain platform to facilitate oil and gas deals. Dubbed komgo SA, the platform is the latest of several in the world of finance to use the cutting-edge blockchain technology driving cryptocurrencies like bitcoin. French banking giant BNP Paribas, Dutch banks ABN Amro and ING, as well as Swiss energy traders Mercuria were among the groups to

KOTA KINABALU: The Sabah state government has set up a taskforce to propel the oil and gas sector in the state. Sabah Deputy Chief Minister Datuk Seri Wilfred Madius Tangau, who is also State Trade and Industry Minister, said the taskforce spearheaded by Sabah Oil and Gas Development Corporation Sdn Bhd (SOGDC) would be identifying collaboration opportunities to take the sector to a higher level. “The oil, gas and energy sector has been one of the important contributors in Sa

KOTA KINABALU: The Sabah government is studying ways of emulating Sarawak in strengthening the state's regulatory control over its oil and gas resources. Chief Minister Datuk Seri Mohd Shafie Apdal (pic) said he will be instructing the state Attorney General to look into an already existing ordinance regarding Sabah's mineral sources. "I will ask the AG to look into the details of the ordinance to determine if there is any information on that (the state's regulatory control o