Sarawak Report has acquired details of a secret report, recently commissioned from a leading global consultancy, advising the state government that a radically changed approach is needed to manage its once resource rich economy, thanks to the careless and greedy destruction of previously luxuriant forests.
The findings make grave reading, painting a scenario whereby bad management and greed have exhausted one of the key income streams for the state, namely its natural resources, whilst much-trumpeted ?industrialisation and modernisation? drives have largely failed in the hands of family companies linked to politicians and their cronies.
The report explains the backdrop to remarks by Malaysia?s finance minister, Lim Guan Eng, last week, who shocked many in Kuching by predicting that Sarawak could find itself bankrupt within three years based on the present state of its finances.
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