Objectives of SEAC
• Complement the nation in building greater consumer and investor confidence in the state and the country
• Ensure that the impact of the financial turmoil has minimal effect on the state's economy
• Increase resilience in the state's economy through expediting implementation of Outline Perspective Plan Sabah (OPPS), Tourism Master Plan, Sabah Industrial Master Plan and the Kota Kinabalu Industrial Park (KKIP)
• Ensure efficient and effective allocation of funds and resources to productive sectors
Terms of reference
• Identify key issues and challenges faced by the state's economy based on analysis and observation of SEAC working committees
• Propose effective solution and strategy to resolve key issues and challenges faced
• Prepare action plans
• Monitor and ensure implementation of decision made
• Submit all key decisions where relevant to the State Cabinet and to the National Economic Action Council (NEAC)