Brunei’s economy appears set for a period of consolidation and moderate if steady growth as the government combines careful management of energy resources with timely investments aimed at spurring expansion in the coming years.
Asia Economy
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Economic update | Brunei: Sure and steady
5 Nov 2010
Malaysia's national oil and gas giant Petronas plans to launch two major Initial Public Offerings (IPOs) in November, Petronas Chemical and Malaysia Maritime and Heavy Engineering (MMHE), as part of a government initiative to transfer strategic assets to the private sector. The Petronas Chemical listing is set to become one of the biggest IPOs in Malaysian – and indeed South-east Asian – history.
The Bank of Indonesia, the country's central bank, called leading bankers to a meeting last week to discuss new regulations aimed at increasing bank lending. While Indonesia's banking sector has remained relatively robust over the last 18 months, there are concerns that banks are not doing enough to offer credit to certain sectors of the economy, a situation that is stifling potential growth.
As evidenced by Sarawak’s positive performance across a variety of subsectors, its economy is already among the most diversified in Malaysia, even before the impending wave of industrial projects begins to contribute. Financial incentives and substantial investments in infrastructure appear to have generated considerable international interest from a range of industries.
Vietnam has emerged as one of the fastest-growing economies in South-east Asia, offering a number of attractive investment opportunities in manufacturing, finance, construction, telecoms and logistics. Its diverse economy is expected to deliver growth of between 6% and 10% annually over the next 5-10 years, supported by a large population of over 95m.