Small and medium-sized enterprises (SMEs) in Sarawak are on course for strong growth, as more tap into spinoff projects generated by increased investment in the state’s special economic zone, and federal and state governments urge SMEs to set up shop in Sarawak. While access to credit has been an obstacle to growth, some banks are now offering generous incentives and guaranteed, unsecured…
The Malaysian government has worked to position itself as the world’s Islamic financial centre, with Sarawak now home to a variety of Islamic financial institutions as well. The federal authorities have largely achieved this through several major steps. In 2006 the government both established the Malaysia International Islamic Financial Centre and liberalised regulations on foreign issuance of Islamic…
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 as IT hubs and high-end electronics manufacturing…
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) accounted for nearly 99% of total registered companies…
Visa Requirements While Sarawak is part of Malaysia, it has retained some autonomy regarding immigration controls. Visitors must possess a valid passport when entering Sarawak. Those arriving from other Malaysian states and abroad must pass through immigration control upon arrival. Foreign nationals who require a visa to enter Malaysia should obtain it in advance from a representative office. Travellers…
MERDEKA PALACE HOTEL & SUITES Jalan Tun Abang Haji Openg, 93000 Kuching T: +6 (082) 258 000 F: +6 (082) 425 400 info@merdekapalace.com www.merdekapalace.com Rooms: 61 standard, 48 deluxe, 2 one-bedroom apartment suites, 57 two-bedroom apartment suites, 40 three-bedroom apartment suites and 7 suites. Business & Conference Facilities: All essential services. Business centre, conference…
The art of batik making is an ancient one, with roots tracing back to the sixth and seventh centuries and embodying a cultural tradition spanning multiple continents. Today, the batik-making technique is present and thriving across much of South-east Asia, China, India and Africa. Nowhere is the fabric more ubiquitous, however, than in the maritime South-east Asian nations of Malaysia and Indonesia,…
BACKGROUND: Land use in Malaysia is governed by three pieces of legislation. In the states of Peninsular Malaysia, the applicable legislation is the National Land Code 1965; in Sabah the applicable law is the Sabah Land Ordinance; and in Sarawak the applicable legislation is the Land Code (Cap. 81) 1958. SARAWAK LAND CODE: Identical to the Torrens Title, the Land Code implements a system of…
The business climate in Sarawak is generally open and encourages foreign investors to invest in and establish businesses in the state. Additionally, with structured tax laws and a broad range of incentives, the tax environment in Sarawak also makes it a favourable destination for investors. Taxation in Sarawak is governed by the general policies of the Malaysian federal government. Malaysia…
In common with governments around the world, issues such as rising costs, demographic shifts, technological advances in care (and the expectations that come along with them), and delivering equitable health care to both a rural and an urban population are posing challenges to Sarawak’s health authorities. Nationally, funding levels for the public sector are high; almost 95% of patients’…
