Malaysia

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Malaysia announced its budget for 2008 on September 7. With reductions in the corporate tax rate and stamp duties, the budget is considered by most to be pro-business and investment friendly.
As Malaysia celebrated its 50th anniversary of independence, the tourism industry was celebrating what is on track to become a record year for visitor numbers and tourism spending.
Malaysia is embarking upon a development programme as a key project under the 9th Malaysian plan and a catalyst for economic advancement.
Malaysia has announced it will ease rules to allow non-Islamic commercial and investment banks to offer Islamic banking in foreign currencies.
The Malaysian government recently launched the Northern Corridor Economic Region (NCER) aimed at developing a traditionally poor region of the country.
A recent study by global consulting firm Frost & Sullivan has ranked Malaysia as the world's fifth preferred shared service and outsourcing destination.

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