The Sarawak government recently committed RM20 million over the next five years to support the university's on-campus research activities, with particular interest in increasing expertise in engineering and technics.
While Southeast Asia is certainly a strong economic force, some countries in the region are struggling to train and educate their people, not because of a lack of attention to the matter, but because of limited budgets.
Penang is the third largest economy among all states in Malaysia. Its focus on high-tech, services and tourism is attracting a large number of domestic and foreign investors, says Chief Minister Lim Guan Eng.
Southeast Asian countries are putting more and more emphasis on green projects specifically in key areas of carbon reduction technology, energy efficiency, renewable energy, organic farming and green buildings.
The growth of social media has created change in the way business news is produced and consumed, and we will possibly see a real diversification in the way business news is created and disseminated, e.g. in online forums.
Sarawak-based ICT companies can serve the needs of potential Middle Eastern investors better than the major global players from West Malaysia, according to the head of the state’s pioneering software solutions firm, Comserv.
Internet use in Malaysia grew 40 per cent in the first half of 2011. And with vast potential for online penetration in Sarawak, investors are being encouraged to become involved in one of the globe’s greatest internet growth areas.
Sarawak’s economy has been built largely on timber, palm oil and oil and gas. However, the government is placing greater importance on technology. A number of early birds have already made a mark in Sarawak, setting up a solid base for future growth.