The SG4 grouping, which was formed in September 2023 and refers to the four opposition-controlled state governments of Kelantan, Terengganu, Kedah and Perlis, announced on Monday ( Sep 2 ) that it had set up a company to share revenue equally.
The state have portrayed the company as a means of catching up with the more created, government-held state. They previously asserted that the federal government had been slowed down in terms of funding and infrastructure projects as a result of their social position.
Official statistics show that Kelantan ( 13th ), Perlis ( 12th ) and Kedah ( 11th ) had three of the lowest gross domestic product per capita among Malaysia’s 13 states in 2021. Terengganu came in seventh, ahead of Sabah.
In particular, the SG4 company is looking to exploit the criticism state ‘ vast resources of unusual world deposits, very sought in the production of high-tech products including smartphones, semiconductor chips and electric vehicles.
Former prime minister Mahathir Mohamad, who posted on social media platform X on Tuesday, advised SG4 Group that the state must implement “efficient management” to ensure the people’s monetary benefits from these natural sources.
Dr. Puad, a member of the UMNO Supreme Council, claimed in a Facebook post on Tuesday that if power shifts in the opposition says, issues might come with the SG4 organization.
” It’s not impossible that BN will regain Terengganu, Kedah and Perlis”, said Dr Puad, referring to the UMNO-led Barisan Nasional alliance, which is part of the unity state.
Dr Puad, who is also speech of the Johor state parliamentary council, took aim at Mr Sanusi, describing him as a person who was not fond of sharing, in a jibe at the revenue-sharing purpose of the SG4 business.
” So, the setting up of the SG4 firm is politically motivated, not for business. What more if its advisor is Tun M ( Dr Mahathir )”, he wrote.
Dr. Mahathir, a vocal supporter of Malay and Muslim freedom, has previously been accused of making up issues of race and faith for political gain.
Mr. Sanusi addressed Dr. Puad immediately on Wednesday, noting that BN only has two state votes in Kelantan and Kedah, Terengganu, and Perlis.
” I want to tell him that PN will capture Pahang, Perak, Melaka and Negeri Sembilan ( in the next state elections ). We will be further expanding ( the PN state administration )”, Mr Sanusi told reporters in Kedah.
Mr Takiyuddin Hassan, PN’s key punch and a Kelantan national member of parliament, said on Tuesday that Dr Puad did not understand the role of SG4’s business.
At a press conference in Kota Bharu, he said,” When a company is established, it will definitely have its owners, and they can decide to leave anytime if they do not wish to remain with the business,” according to Berita Harian.
” If for example there are changes in parties in the four states, and they ( the current members ) still want to be with the SG4 company, that is not a problem”.
Mr Takiyuddin, who is also secretary-general of PN part group Parti Islam Se-Malaysia, even left the door open for different states to join the SG4 company if they were engaged.
WEALTH Supply
The SG4 firm will concentrate on five important economic regions, with each of the four states holding 25 % of the company’s capital, according to local advertising.
These clusters are business and industry, natural systems, facilities and logistics, trade and investment and agriculture and food safety, as well as training and human money.
The SG4 states should ensure that their rare earth element ( REE ) mining activities are in compliance with national regulations and ecosystem, according to Deputy Prime Minister Ahmad Zahid, who is also the president of UMNO.
There is still possible, Mr. Ahmad Zahid said as quoted by the Star, even though Rh prices have drastically decreased as a result of amassing in some nations.
” I believe that the SG4 has good intentions in forming a corporation to handle Rcd mining”, he said.
The federal government has set its own taxes and habitat, but the four says are also able to develop their own strategies.