Page 333 - The Guide To Sarawak

THE GUIDE TO SARAWAK
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RM107.9 billion and imports RM39.2 billion, resulting in a positive trade balance of RM68.7 billion.
• Sarawak is one of the
fastest-growing States in Malaysia. Sarawak’s nominal GDP rose from RM40.4 billion in 2002 to RM107.2 billion in 2013 and its per capital nominal GDP from RM18,682 to RM40,115. Inflation averaged 2.1% over the same period.
• Sarawak enjoys a stable economic outlook and is rated A- (stable outlook) by Standard & Poor’s and A3 (stable outlook) by Moody’s Investors Service.
• Sarawak’s civil service is rated the best in Malaysia, with an efficient public delivery system, and is cited as a role model
for federal departments and agencies by the Malaysian government’s Special Commission for Transformation of the Civil Service.
• Malaysia’s economy
has grown rapidly and continuously since independence, and its
GDP per capita of (PPP) US$16,200 and GDP growth rate of 5.1% (both 2011) make it an upper-middle- income country and one of the rising stars of the world economy.
• Malaysia is ranked 12th
out of 183 countries by
the World Bank Doing Business Report for 2013, an improvement of 6 places over 2012 and 11 places over 2010, in terms of ease of
Temenggong Datuk Hassan Sui, a Penan oil palm entrepreneur who has helped to transform his community from hunter-gatherers to prosperous planters. A former nomad until age 10, he is pictured in front of the palm oil mill that helps to generate their wealth.
An aerial view of Bintulu Port’s Liquid Natural Gas Terminal. The massive revenue from Bintulu’s energy exports is helping to drive the Malaysian economy to developed nation status.
Batang Ai Hydropower Plant near Sri Aman. Built in 1985, this project was the first step on Sarawak’s journey to becoming a major green energy producer.
doing business.
• The Swiss Institute of Management Development (IMD) ranks Malaysia 10th worldwide for business competitiveness. IMD also
ranks Malaysia as 6th overall for business efficiency, and 14th overall for government efficiency.
• Malaysia is one of the world’s top 20 trading