As the largest exporter in the Caribbean, Trinidad and Tobago’s transport network is vital to the performance of its economy. The country is already a fast-growing air passenger and cargo hub in the southern Caribbean and is now looking to spur growth in the maritime sector, where it intends to take advantage of its sheltered location below the hurricane belt and its proximity to shipping...
Transport
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Although low oil and gas prices in 2015 had a negative economic effect on the Trinidad and Tobago, the current government is pursuing a series of reforms aimed at both strengthening the important energy sector and diversifying the wider economy.
As Brunei Darussalam prepares to diversify its economy away from oil and gas, it is looking toward other sectors to contribute further to GDP. The transport industry has thus found itself in the spotlight, with expectations of the sector’s economic and strategic potential running high. The extent to which the various transport- and logistics-related initiatives are successful remains to be...
Commanding the second-highest GDP per capita of all ASEAN nations, at $40,979 in 2014, Brunei Darussalam remains one of the most advanced economies in the South-east Asian region. This is in large part due to the Sultanate’s well-developed energy sector; however, with oil and gas prices falling substantially from mid-2014, new efforts are being made to increase the efficiency of production and diversify the economy to ensure future stability and sustainability.
The 11th Malaysia Plan lays out the government’s latest five-year development strategy, covering the period 2016-20. It is also the final five-year plan leading up to Wawasan 2020, the year by which the government’s vision to make Malaysia a high-income, knowledge-based economy is meant to be realised. For this pivotal period, the plan lays out initiatives for the transport sector including...
Malaysia is enjoying uninterrupted momentum in attracting investment and trade flows destined for South-east Asia. As a leading trading nation it has the necessary infrastructure and determination to compete and partner with its ASEAN neighbors to create a more sustainable growth model.