One of the largest of Malaysia’s 13 states, Sabah is banking on an economic development strategy that aims to make the most of its strategic position in the South China Sea, the beauty of its landscape and the riches of its natural environment. The plan centres on the Sabah Development Corridor (SDC), one of five economic development zones...
The five-year development plan 11th Malaysia Plan (11MP), which runs from 2016 to 2020, was launched in 2015 and is considered to be the final and decisive step in Malaysia’s long journey to realise its aspirations of becoming an advanced economy. This will mean increasing its GDP per capita to surpass the critical threshold of $15,000....
The year 2015 will be remembered as the moment when the Malaysian government embarked on an ambitious and uncharted course to replace oil revenues with a consumption tax known as the goods and services tax (GST), which is set at 6%. According to the 11th Malaysia Plan (11MP), the introduction of the GST is expected to bring in a revenue stream...
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