Malaysia used to benefit from the EU’s generalised system of preferences (GSP) scheme, which offers tariff reductions on exports to developing countries. However, the World Bank’s decision to award the country upper-middle-income-nation status ended its eligibility for these lower levies in January 2014. While EU representatives are confident...
Already one of the most trade-oriented economies in the world and an established regional leader in attracting foreign investment, Malaysia now aims to compete with Singapore as an alternative regional trade and investment hub for the rapidly developing Association of South-East Asian Nations (ASEAN) bloc.
The year 2015 is a landmark one for both Malaysia and ASEAN, as the 10-member grouping moves to establish the ASEAN Economic Community (AEC) under Kuala Lumpur’s (KL) chairmanship. Malaysia’s government has been gearing up for this challenge for some time too, signalling the approach it may take via a series of policy speeches. In these, Prime...
As Malaysia heads towards six decades of independence from Britain, its economy has never been stronger, with per capita income at an all-time high of $10,548, according to the IMF. Likewise, GDP rose to RM984.45bn ($307.25bn) in 2013, as per data from the Department of Statistics. In many ways, Malaysia has benefitted from its diverse ethnic...
The eyes of the region and the world will be on Malaysia in 2015, a historic date which will see the establishment of the ASEAN Community. It is the culmination of a five-decade-long effort of region-building. The foreign ministers who signed the Bangkok Declaration in 1967, my father included, could scarcely have imagined the heights to which...
As well as being home to rolling hills, lush forests and a rich tropical coastline, Malaysia is blessed with plentiful hydrocarbons reserves and a well-educated, multilingual population. Such credentials continue to keep the country in good stead, with priorities centred on preparing it for the inception of the ASEAN Economic Community in 2015...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×