KUCHING, April 17 -- The Sarawak state government is taking steps to consolidate and reassess its assets to sustain economic growth and revenue in light of current global economic uncertainties, said Premier Tan Sri Abang Johari Tun Openg.

He said the move comes in response to shifting global trade dynamics, including the recent introduction of tariffs by the US, which has indirectly impacted Sarawak despite the state not relying heavily on the American market for its exports.

"Although our major exports, such as gas and energy are mainly to South Korea and Japan and palm oil to China, India and Europe, global developments still affect us.

"For example, the price of crude oil has dropped to US$65.14 (RM287.48) per barrel, while our bud...