From large, multinational funds to local Malaysian banks, national and international players have historically been drawn to the state in large part by the opportunities available in financing its substantial oil, gas, timber and palm oil industries. Today, they are being drawn by the state’s major development plan, the Sarawak Corridor of Renewable Energy, and other mega-projects currently...
Sarawak
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Chapter | Financial Services from The Report: Sarawak 2015
Chapter | Trade & Investment from The Report: Sarawak 2015
While oil and gas production, timber harvesting, and agriculture continue to dominate Sarawak’s economic DNA, significant improvements in transportation and utility infrastructure are now giving rise to an era of economic diversification led by new heavy industries. The state’s relatively small population, large geographical area and diversified economy are providing job opportunities for the...
Chapter | Country Profile from The Report: Sarawak 2015
Sarawak is one of the three regions comprising East Malaysia, with neighbouring state Sabah to its north-east and the federal territory of Labuan situated off the north coast of Borneo. The state remains unique both within Malaysia and within the global context due to its mix of rugged mountains and thick jungle alongside numerous cosmopolitan cities and centres of commerce. With the inception...
Economic update | Sarawak Year in Review 2014
29 Jan 2015
Investments in Sarawak's resource-based and service industries kept the Borneo island state ahead in 2014, with economic growth set to continue in 2015. However, new initiatives will be needed to diversify the economy and add more value across the oil and gas product chains.
Sarawak’s small and medium-sized enterprises (SMEs) are on course for strong growth this year as more companies tap into spin-off projects engendered by larger players’ investments in the state’s special economic zone.