KUCHING, Dec. 4 -- Sarawak's decision to establish its own bank and strengthen its petroleum sector has enabled the state to continue implementing major development projects even when federal funding is uncertain, said the premier.

Datuk Patinggi Tan Sri Abang Johari Openg said this creative financial strategy gives Sarawak the flexibility to finance key infrastructure projects independently, ensuring development momentum is not disrupted.

Speaking at the Gabungan Parti Sarawak (GPS) Backbenchers Night yesterday, he said the creation of the state-owned Development Bank of Sarawak (DBOS) was based on fundamental banking principles that allow Sarawak to leverage its own financial strength.

"We understand the principle: if one deposits RM...