Asia Economy

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While overall growth in Brunei Darussalam’s economy slowed in 2012, expansion in the non-oil and gas sector suggested that some of the Sultanate’s diversification efforts are gaining traction and should pave the way for government plans to target value-added production.
After another year of strong economic performance, Papua New Guinea (PNG) is brimming with confidence. The 2013 budget, announced in November and valued at PGK13bn ($6.2bn), is PNG’s largest-ever budget and one which the government is borrowing more than $1bn to fund.
While Mongolia can look back on a year that began with high expectations for a steady rise in mining-generated wealth, reports of slowing growth and concerns among investors about the risk of resource nationalism cast a shadow over the second half of 2012.

Generating over 37% of GDP and contributing about RM263bn ($84.8bn) to GNI, the Greater Kuala Lumpur/Klang Valley (GKL/KV) region is the prosperous core and the administrative axis of Malaysia’s economic growth. In 2011, the number of people living in the region – which falls under 10 local authorities – hovered at about 6m, or around 20% of the...

How do you see Melaka’s policies for economic diversification, and what specific areas will be emphasised in the coming years?

It was in 2006 that the government first unveiled a major new tool in its strategy to help the country achieve fully developed nation status by 2020. Contained within the Ninth Malaysia Plan (9MP), released back then as the latest of the country’s five-year development programmes, was a section outlining the creation of five distinct regional...

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