Heightened activity in the Sarawak Corridor of Renewable Energy (SCORE) has brought positive appraisals from industry analysts, signalling a vote of confidence in the development’s economic future as further projects are unveiled.
Sarawak
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The tourism industry in Sarawak is in the spotlight as sporting events and cultural festivals are being showcased as part of the wider Visit Malaysia (VMY) 2014 tourism campaign. However momentum must be continued beyond this year’s festivities in order to attract further tourism revenue and investment.
Concerns in Sarawak over a short-term decline in the price of crude palm oil (CPO), exacerbated by an increase in local production, are being eased by the prospects of CPO being used in national and international biofuel initiatives. However, doubts have been raised over the impact the programmes will have on the region’s vital CPO industry.
Economic update | Sarawak: A network for expansion
27 Mar 2012
Sarawak is investing heavily in improved transport links as energy and investment projects crucial to national development get into gear. However, plans for a statewide railway connection have stalled over viability concerns.
Economic update | Sarawak: Year in Review 2011
9 Jan 2012
Sarawak’s economy thrived in 2011, with record inflows of investment and a revving of the state’s growth engines sparked by projects such as the Bakun Dam and the Sarawak Corridor of Renewable Energy (SCORE).