Malaysia is a multi-ethnic society of 29m split between the Malay Peninsula and the island of Borneo. With a per-capita GDP that has hovered around $10,000 for the past decade, the country is struggling to escape a “middle-income trap”
Malaysia Economy
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Malaysia continued to post reasonably strong growth in 2012 despite its high exposure to trade amidst a soft global economic climate. The Economic Transformation Programme (ETP) championed by Prime Minister Najib Razak is taking hold, bringing increased expenditures on infrastructure and a growth in private sector investment. The ETP’s goal is to help Malaysia escape the “middle-income trap” and...
Chapter | Country Profile from The Report: Malaysia 2012
Split between Peninsular Malaysia and the island of Borneo, Malaysia has a diverse population of 29m, mainly ethnic Malays, Chinese and Indians. Bahasa Malayu is the official national language, but Indian and Chinese languages are spoken by their respective native communities, and English is widely used even beyond the business community. Malaysia, which gained real independence in 1957, is a...
Economic update | Malaysia: Easing business practices
13 Nov 2012
Malaysia has been one of the big movers in the latest World Bank survey on the ease of doing business, moving up six rungs on the international ladder to be ranked 12th overall. However, making it easier to obtain construction permits and start a business, two areas signalled out for improvement, will help the country achieve its goal of breaking into the top 10.
Economic update | Malaysia: Steady and growing
31 Oct 2012
Despite global uncertainty, Malaysia looks set to achieve its GDP growth target this year, thanks to a benign domestic climate, rising investment and fiscal stimulus.