Sultan of Sulu calms Sabah investors

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Malaysian military is on high alert in Sabah.

Sultan Muhammad Fuad Abdulla Kiram, the 35th de jure reigning sultan of the southwestern Philippines province of Sulu who is claiming to be the lawful owner of the Malaysian state of Sabah, has reassured investors in Sabah that they would not be dispossessed of their investment in case he takes over the state.

“Any investor or any developer who put their investment capital in Sabah will not be dispossessed of their investment, and the rule of law will be upheld, with no distinction of any kind, such as race, color, language, gender, religion, political or other opinion, social origin, property, birth or other status, etc.,” the Sultan writes on his homepage www.royalsulu.com.

“In the event of a successful Sabah recovery from Malaysia, the Royal Family and the Sultanate of Sulu will not drive anyone out of Sabah, be it Malaysians, Tamils, Indians, Chinese, Filipinos, Tausugs, Australians, Europeans, Americans or other nationalities, etc.,” he says.

Meanwhile, the standoff continues between Malaysian authorities and an armed group of 100 Filipinos claiming to be members of the royal armed forces of the Sultanate of Sulu, authorities said.

Much of the eastern part of Sabah is being claimed as part of the Sultanate of Sulu that was leased to the British North Borneo Company in 1878. Great Britain transferred Sabah to Malaysia in 1963, which according to the Sultanate of Sulu was a violation of the Sabah Lease of 1878.

Philippine President Benigno Aquino has reacted angrily in a televised speech on February 25, demanding the Sulu forces retreat from Sabah. He said that “the full force of the laws will be used to achieve justice for all who have been put in harm’s way. This is a situation that cannot persist.”

“Sabah is owned by the Sultan of Sulu. We’re not invading this place because it is ours,” was the response of the royal Sulu family.

In recent years, Sabah has been the target for many regional and international investors, especially since the Sabah Development Corridor was launched in 2008. Many firms have invested in palm oil production, property, energy and IT development, making Sabah the top 3 investment destination in Malaysia behind Selangor and Penang and ahead of Sarawak in 2012. Multinationals such as Nestlé and Murphy Oil have a base in Sabah.

 

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Reading Time: 2 minutes

Malaysian military is on high alert in Sabah.

Sultan Muhammad Fuad Abdulla Kiram, the 35th de jure reigning sultan of the southwestern Philippines province of Sulu who is claiming to be the lawful owner of the Malaysian state of Sabah, has reassured investors in Sabah that they would not be dispossessed of their investment in case he takes over the state.

Reading Time: 2 minutes

sulu-sultan-n16
Malaysian military is on high alert in Sabah.

Sultan Muhammad Fuad Abdulla Kiram, the 35th de jure reigning sultan of the southwestern Philippines province of Sulu who is claiming to be the lawful owner of the Malaysian state of Sabah, has reassured investors in Sabah that they would not be dispossessed of their investment in case he takes over the state.

“Any investor or any developer who put their investment capital in Sabah will not be dispossessed of their investment, and the rule of law will be upheld, with no distinction of any kind, such as race, color, language, gender, religion, political or other opinion, social origin, property, birth or other status, etc.,” the Sultan writes on his homepage www.royalsulu.com.

“In the event of a successful Sabah recovery from Malaysia, the Royal Family and the Sultanate of Sulu will not drive anyone out of Sabah, be it Malaysians, Tamils, Indians, Chinese, Filipinos, Tausugs, Australians, Europeans, Americans or other nationalities, etc.,” he says.

Meanwhile, the standoff continues between Malaysian authorities and an armed group of 100 Filipinos claiming to be members of the royal armed forces of the Sultanate of Sulu, authorities said.

Much of the eastern part of Sabah is being claimed as part of the Sultanate of Sulu that was leased to the British North Borneo Company in 1878. Great Britain transferred Sabah to Malaysia in 1963, which according to the Sultanate of Sulu was a violation of the Sabah Lease of 1878.

Philippine President Benigno Aquino has reacted angrily in a televised speech on February 25, demanding the Sulu forces retreat from Sabah. He said that “the full force of the laws will be used to achieve justice for all who have been put in harm’s way. This is a situation that cannot persist.”

“Sabah is owned by the Sultan of Sulu. We’re not invading this place because it is ours,” was the response of the royal Sulu family.

In recent years, Sabah has been the target for many regional and international investors, especially since the Sabah Development Corridor was launched in 2008. Many firms have invested in palm oil production, property, energy and IT development, making Sabah the top 3 investment destination in Malaysia behind Selangor and Penang and ahead of Sarawak in 2012. Multinationals such as Nestlé and Murphy Oil have a base in Sabah.

 

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