New infrastructure investment will help bolster Sabah’s efforts to position itself as a logistics and trans-shipment hub for the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area and beyond – as well as support further developments in industry, trade and tourism.
Rising demand for private health care will continue to drive expansion in Malaysia’s medical tourism industry this year, although increasing competition and global economic challenges risk inhibiting growth.
The Malaysian economy continued to expand throughout 2015, shaking off falling commodity prices, weaker growth in China and a sharp depreciation of the local currency.
Real estate developers are quietly optimistic that new projects and a steady flow of investments into Iskandar Malaysia, the multi-purpose development zone in the southern state of Johor, will boost investor interest in property in the region, particularly in the overstocked residential segment.
The latest national budget signals an acceleration of Malaysia’s digital drive, with both ICT research and development (R&D) and broadband provision awarded significant funding increases.
A national drive to reduce the oversupply of palm oil in Malaysia, the world’s second-largest producer, is expected to bring greater market stability, supported by government incentives and trade controls.
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