While growth in the Malaysian retail sector was slower in 2013 than in recent years, the industry remains an important driver of local services and ranks as one of the more robust markets in the South-east Asian region. Bolstered by steady economic growth, urban migration, political stability and rapidly developing infrastructure, the sector...
At the heart of Malaysia’s growth story is the transformation of its industrial base from a resource extraction and export-driven economy to that of a high-tech, value-added manufacturing and services sector. As Malaysia increases its global trade via participation in trade agreements such as ASEAN and the Trans-Pacific Partnership Agreement (...
Fuelled by steady economic growth, and the consequent liberal capital expenditure policies of both the public and private sectors, steel manufacturing – along with the construction materials industry as a whole – is maintaining a steady upward trajectory. Since 2008 the annual growth of Malaysia’s construction sector has averaged 4.7%, while...
Touting the country’s 12m-strong workforce as a highly skilled labour pool able to provide a competitive advantage for businesses setting up in Malaysia, the government upped the ante in 2012 by enacting a minimum wage. Announced by the prime minister, Najib Razak, in May, the law sets the minimum salary at RM900 ($290) per month for workers in...
As the global population cruises past the 7bn mark, the demand for health care goods and services continues to grow through bull and bear markets. With the annual global market estimated by the Malaysian Investment Development Authority (MIDA) at $300bn and growing at a rate of 10%, the medical devices industry provides a competitive yet attractive...
Buoyed by consistent economic growth, a rising population, rapid urbanisation, low unemployment and a burgeoning middle class, Malaysia’s retail sector is continuing its strong run in the face of a cooling global economy. Total retail sales – excluding large-scale purchases such as cars and homes – for 2011 were valued at $26.8bn by Retail Group...
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