Interesting piece!
I would lean toward a 'refurbished' Chinese Jian in a Banjarmasin/Kalimantan dress. The Chinese were represented in large numbers due to trade in Southern Borneo. The bright red colour is often seen on edged weapons from this region and the typical knot is also largely associated with this region, however it is mostly seen in rattan.
I would date it in the 19th century.
Regards, Peter
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