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Overview

New technologies play a major role in Sarawak’s development plans
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The development of high-tech industries is a key part of the Malaysian government’s long-term development strategy, the Economic Transformation Programme (ETP). This aims to create a knowledge-based, high-income economy and drives the country’s development programmes at both the federal and state levels, with Sarawak being no exception. Numerous programmes have been launched to develop…

Overview

Sarawak's public and private sectors work together to revamp education
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The Malaysian government is committed to transforming the country's education system to produce a cadre of graduates armed with the creative and critical thinking skills necessary to thrive and lead in the 21st century's increasingly international workplaces. Through an array of programmes, projects and initiatives, the aim is to begin instilling these learning values in the population as early…

Overview

Sarawak's tourism strategy focuses on sustainable development
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Slightly more off the beaten path than South-east Asia’s mainstream holiday destinations, Sarawak has plenty to offer those seeking a slightly less conventional travel experience. With its lush rainforests, plentiful wildlife and diverse patchwork of ethnic groups, the state is positioning itself as a culture, adventure and nature (CAN) destination. It has successfully managed to leverage this…

Overview

Sarawak's construction industry targets various investments
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Steady economic growth, increased industrialisation, rapid urbanisation and one of the highest foreign investment rates in the country are all contributing to fuel a strong performance in Sarawak’s construction industry, though there are signs of an impending slowdown. Both the public and private sectors are doing their part to fill up the order books – the former has committed to massive…

Overview

Sarawak’s projects rumble on as federal policies aim to curb real estate speculation
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The myriad factors influencing Sarawak's real estate market have resulted in a mixed bag for the sector, with property growth, value and transaction activity all varying widely by region. Historically, the construction industry has been concentrated in population centres such as Kuching, punctuated at times by rapid but tightly focused growth nodes around the boom towns catering to special projects…

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New land, air and sea transport links will help meet higher demand in Sarawak
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The once underdeveloped transportation infrastructure is transitioning from a maligned weakness to a position of strength as improvements across air, sea and land connections continue to ease the flow of goods and people both within Sarawak and abroad. For an island state whose inland waterways also still serve as the primary conduit for moving people and cargo internally, water transportation…

Overview

Sarawak's agriculture, forestry and fisheries sector continues to thrive even as the sector diversifies
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As Sarawak’s largest employer, providing a livelihood for about one-fourth of the population, the agriculture, forestry and fisheries sector stands as one of the state’s key engines, even with the gains in economic diversification made in recent years. Sarawak also plays a central role in Malaysia’s agricultural sector as a whole, producing both foodstuffs for local consumption and cash…

Overview

Sarawak develops more value-added industries
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Manufacturing accounts for 27.4% of Sarawak’s economy and employs about 11.2% of the total workforce, a contribution that based on current trends and future development priorities is expected to expand significantly. In 2013, the value of approved manufacturing investment into Sarawak rose by 75% to RM8.3bn ($2.5bn) compared to the RM4.7bn ($1.4bn) recorded the year prior. According to the…

Overview

Sarawak's supply of retail space expanding rapidly
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During the 1980s, when the state’s income per capita was as low as RM700 ($213) and the poverty rate hovered around 60%, modern shopping complexes in Sarawak were few and far between, and those in existence confined to the main cities of Kuching and Sibu. In the decades that have followed, Sarawak has undergone an economic renaissance and by 2013 per capita GDP had expanded to reach RM40,000…

Overview

Sarawak has potential to be a major energy supplier
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Blessed with an abundance of hydro, coal and gas resources that one would be hard pressed to find elsewhere, the state of Sarawak has a comparative advantage that is successfully being leveraged to produce bulk power at competitive prices in order to attract capital-intensive investments in heavy industry. Already a net exporter of liquefied natural gas (LNG), new hydroelectric projects position…