Sarawak is one of the two states comprising East Malaysia along with neighbouring state Sabah to its north-east and the federal territory of Labuan situated off the north coast of Borneo. The state has long held a unique place within the Malaysian political sphere and the national economy, due both to its geographic location and its long history.
Sarawak’s wealth of vast natural resources has historically steered the state’s economy towards the easily-monetised extractive industries such as oil and gas production, and timber harvesting, followed later by large agricultural plantations specialising primarily in palm oil production. While these sectors continue to dominate Sarawak’s...
Often standing in the shadows of mega-investments made by large international oil corporations, agriculture plantations and, more recently, mining companies, it is the multitude of Sarawak’s smaller, less heralded companies that account for the vast majority of business taking place in the state. Small and medium-sized enterprises (SMEs)...
Traditionally known for its lucrative oil fields, oil palm plantations and the mystique of its diverse Borneo rainforests, the Malaysian state of Sarawak is in the midst of an historic makeover that is irrevocably transforming its economy, alongside its social and cultural landscape. In tandem with the government’s overarching development...
At the heart of Malaysia’s economic transformation ambitions to rise to a high-income economy by 2020 is the initiative to extract greater value from its natural resources by shifting away from a primarily raw or minimally processed resource exporting country to a high-tech, high-value-added industrial base. While much of new industries such...
The financial services sector in Sarawak is an important and growing part of Malaysia’s financial world, with many national and international financial institutions heavily involved in the state’s development and investment programmes. From large, multinational funds to local Malaysian banks, these players have historically been drawn to the...
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