Malaysia Economy

Displaying 49 - 54 of 177

 

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...

 

Where do you see the greatest potential for expanding Laos-Malaysia trade and investment?

 

Despite a heated domestic debate on the costs and benefits of the Trans-Pacific Partnership agreement (TPP), the Malaysian government has been forging ahead with its plan to join the US-led regional trade agreement, which is expected to have a high impact on export and import flows. A comprehensive document, the TPP covers 30 chapters, ranging...

 

Resource rich and export-oriented, Malaysia’s economy has endured another major test in resilience, with a global slump in commodities and China’s slowdown reducing revenues from the key sectors of energy, palm oil and manufacturing. In 2015 the local currency, the ringgit, saw the biggest sell-off since the 1997 Asian financial crisis. Yet...

 

South-east Asia holds a special place in my heart. As a boy, I lived in Indonesia, where for many years my mother dedicated herself to empowering rural women. And as president, I’ve worked to deepen America’s engagement in this region. Four ASEAN nations are already part of the TPP: Brunei, Malaysia, Singapore and Vietnam. Along with the US,...

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