One of the five regional economic corridors being developed throughout the country, the Sarawak Corridor of Renewable Energy (SCORE) is part of the federal government’s national agenda to propel the country into achieving high-income status by 2020. SCORE’s game plan for transitioning Sarawak into a high-income state is premised on transforming its economic base towards advanced industry by...
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...
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...
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...
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